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Bank not obligated to sell foreclosure at list price

DEAR BENNY: I offered full price -- $168,000 -- for a home in foreclosure. The bank came back with a refusal and a new sales price of $240,000. That is $72,000 over the asking price. Is this legal? --Marie

January 18, 2013 | | HOME SCENE


Deliberately being late on mortgages: Is it a growing trend?

Here's a sobering thought: There are as many as 1.58 million mortgages nationwide that are 90 or more days delinquent but not in foreclosure.

January 11, 2013 | Dennis Wyatt | HOME SCENE


Find inspiration for your home in 2013

We're all looking forward to a fresh start at the beginning of the new year: Whether it's an updated fitness regime, pursuing new hobbies or getting organized, there are a slew of resolutions to try. In 2013, why not make a few changes to not only yourself, but also your home? By incorporating cutting-edge design trends, you'll add style and color that's perfect to kick-start the year.

January 11, 2013 | | HOME SCENE


City says 12 Detroit homes accidentally demolished

DETROIT (AP) - A dozen homes in Detroit have been mistakenly demolished, a city official says.

January 11, 2013 | | HOME SCENE


New federal rules aim to curb risky mortgages

WASHINGTON (AP) - Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.

January 11, 2013 | | HOME SCENE


Rates on 30-year mortgage rises to 3.40 %

WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose this week but remained close to record lows. Cheap mortgages have made home buying more affordable and helped drive a housing recovery.

January 11, 2013 | | HOME SCENE


Start planning now for your spring home makeover projects

If April showers bring May flowers, what do winter's snowflakes bring? Perhaps it's an excuse to curl up with your favorite magazines and imagine the kitchen makeover of your dreams. When the cold winter months keep you indoors, use the time to take care of things that will make your remodeling plans much easier to tackle in the spring.-

January 10, 2013 | | HOME SCENE


Affordable upgrades can give your home a stylish new look

Sure, kitchen and bath renovations get all the glamour and credit for offering high returns on your investment when it's time to sell your home. But a host of other, often-overlooked improvements can also offer great ROI - while completely changing the look of your home at a fraction of the cost of bigger projects.

January 10, 2013 | | HOME SCENE


Are safety upgrades repairs or improvements?

DEAR BENNY: Is the definition of "capital improvement" something that increases the actual value of the house, even if it may not trigger a change in taxes, or must it be taxable?

January 10, 2013 | By BENNY L. KASS Inman News | HOME SCENE


Manteca rebound in home prices is stronger than in SF

Here's a shocker.

January 03, 2013 | Dennis Wyatt | HOME SCENE


Rate on 30-year mortgage slips down to 3.34 percent

WASHINGTON (AP) - Average U.S. rates on fixed mortgages moved closer to their record lows this week, a trend that has made home buying more affordable and helped sustain a housing recovery.

January 03, 2013 | | HOME SCENE


Pending home sales rise to highest level in 2½ years

WASHINGTON (AP) - A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market.

January 03, 2013 | | HOME SCENE


Cypress siding provides a natural choice to enhance today's homes

Across the country, cypress siding is becoming increasingly popular among homeowners who are looking to add value, durability, and a lifetime of good looks to their homes.

January 03, 2013 | | HOME SCENE


Name on the sales contract, but not the deed

DEAR BENNY: Some time ago I entered into a sales contract with my then-fiancee to buy a house. Both our names (hers was in her maiden name) were on the sales contract, which we both signed. I turned over my half of the down payment, we went to closing and we owned the house (or so I thought). Some time after that I learned that the deed was in her name only. I went to the closing attorney who told me I didn't own anything (the house).

January 03, 2013 | By BENNY L. KASS Inman News | HOME SCENE


The days of rock-bottom affordability are gone

It's a mad, mad, mad, mad housing market.

December 21, 2012 | Dennis Wyatt | HOME SCENE


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Articles by Section - HOME SCENE


Plan for futuristic communities opposed

SALT LAKE CITY (AP) - The utopic communities envisioned by a wealthy Mormon businessman near religious landmarks in Utah and Vermont would feature small homes clustered ...

August 25, 2016 | | HOME SCENE


Should you keep renting or buy a house?

"Ask Brianna" from NerdWallet is a Q&A column for 20-somethings, or anyone else starting out. I'm here to help you manage your money ...

August 25, 2016 | BRIANNA MCGURRAN | HOME SCENE


30-year rate unchanged at 3.43%

WASHINGTON (AP) - Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers.

August 25, 2016 | | HOME SCENE


Bring style to your closet

Closet designer may not be a title on your resume, but deep down you may find talents you never knew existed. Whether you are laying ...

August 25, 2016 | | HOME SCENE


New-home sales climb to best level since late 2007

WASHINGTON (AP) - Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low ...

August 25, 2016 | | HOME SCENE


Sales fall amid inventory shortage

WASHINGTON (AP) - US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

August 25, 2016 | | HOME SCENE


Bank goes after borrower after foreclosed house sold

Q: My home was recently foreclosed upon. The bank claimed I owed $375,000 on the day of the foreclosure, but the bank was the ...

August 25, 2016 | Benny L. Kass | HOME SCENE


Buying after a bankruptcy or a foreclosure

Hey Real Estate Boys! How goes it on this bright and cheeriest of days? There is no such thing as a bad Saturday in my ...

August 25, 2016 | Real Estate Boys | HOME SCENE


LIVING BIG

When tiny houses first became popular, they seemed to be geared towards people who were looking to shed some of the glitz and glamour of ...

August 25, 2016 | CAMILLE MOORE | HOME SCENE


Homebuilder sentiment rises in August as sales improve

NEW YORK (AP) - U.S. homebuilders are feeling more optimistic about the housing market this month, reflecting strong growth in new-home sales and prices.

August 21, 2016 | | HOME SCENE


Home construction climbed to a 6-month high in July

WASHINGTON (AP) - Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest ...

August 21, 2016 | | HOME SCENE


Siblings inherit house, brother against selling

Q: My father left his house and contents to my brother and me. My brother is living in the house and for the past four ...

August 21, 2016 | Benny L. Kass | HOME SCENE


Selling homes: The art of ‘the offer’

Dear Real Estate Boys: My husband and I have a big chip on our shoulder this week. We followed your advice and have our home ...

August 21, 2016 | | HOME SCENE


1904 World’s Fair mansion up for sale

OSWEGO, Kan. (AP) - When it comes to opulence, few houses in Kansas can top the Deming Mansion.

August 21, 2016 | | HOME SCENE


California home sales fall in July amid tight supplies

A kitchen must be many things for the average family: a cooking center, social hub and, most importantly, a central command station for the entire ...

August 21, 2016 | | HOME SCENE


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