DEAR BENNY: I own two properties and would like to sell my current residence to my daughter and her husband, and move into the other. Its assessed tax value is about $150,000, but I'd like to sell it to them for about $200,000 interest-free. Both my houses are paid off so I don't need any down payment from them.
NEW YORK (AP) - Bank of America is providing mortgage relief to about 200,000 homeowners.
It's beautiful outside and the last thing you want to do is spend all of your spare time working on your home when you could be playing or spending time with loved ones.
WASHINGTON (AP) - Fixed-rate mortgages remain a bargain at the start of the spring-buying season: The average rate on the 30-year mortgage dipped this week, while the 15-year loan fell to a new record low.
Woodside Homes celebrated the start of its Spring Fling Bonus sales event last weekend, giving buyers their choice of five valuable move-in bonuses with the purchase of a new home.
As the weather gets warmer, fans anxiously wait for their favorite sport to take center stage. College basketball fans fill out their brackets, golfers dust off their clubs and dream about green jackets, baseball diamonds are prepped for opening day and the professional basketball playoff run starts heating up.
WASHINGTON (AP) - President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration's latest efforts to address a persistent housing crisis.
WASHINGTON (AP) - The Obama administration is offering some relief to homeowners who have government-backed mortgages. Under a program President Barack Obama unveiled Tuesday, the government would cut the fees it charges to insure those borrowers.
The European Debt crisis has been noticeably absent from the news this week. No the crisis is not solved…however it does seem like the imminent reports of a Greek debt default have gone away. The stock market investors don't know what to do with themselves. The market continues to trade within a very narrow range. Gas prices are hurting at the pump but not enough to really have consumers changing their spending habits.
DEAR BENNY: In a recent column you mentioned a renter who has a lease with an option to purchase the property and who makes his rent payments as agreed, but the property owner has not been paying the mortgage and is heading towards foreclosure.
If the warmer temperatures, bright sunshine and greening of spring give you the urge to clean, you're not alone. If you want to make spring cleaning easier, especially outdoor spring cleaning, a little planning will save lots of elbow grease.
Buyers apparently sense a change in the wind.
WASHINGTON (AP) - Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices.
SACRAMENTO (AP) - State Attorney General Kamala Harris promoted legislation Wednesday to reform the mortgage process in California and provide more protections for homeowners, three weeks after she secured $18 billion for California in a nationwide bank settlement.
Spring's new growth and warm sunshine provide inspiration for renewal in our lives. It's a time to pack away the sweaters and boots for lighter layers and brimmed hats. Homeowners should embrace this same mindset - one where you pack away the heavy textures and colors of winter in favor of breezy fabrics and fun decor that inspire a fresh feeling in your house.
When spring finally arrives, windows and skylights across the country will open, as happy homeowners revel in all that sunshine and warm, fresh air. But before you can savor spring, you still have weeks of winter to get through. You can use that time wisely to ensure all your home's windows, skylights and doors are in good working order - and ready for action when spring arrives.
LOS ANGELES (AP) - Lenders repossessed fewer U.S. homes in January, bringing the number of completed foreclosures down to the lowest level in more than six years.
SAN DIEGO (AP) - California homes sales dropped sharply in January due to a seasonal slump and a lack of affordable homes on the market, a research firm reported Thursday.
WASHINGTON (AP) - The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.
LOS ANGELES (AP) - U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years.
Does the change of seasons have you itching to refresh a tired, lackluster room? Or maybe you're looking for some small ways to make a big impact on your home's style? Whatever the case, here are some of this season's most buzzed-about trends and how you can incorporate them into your next project.
LATHROP - When River Islands, the largest new master planned community in Northern California, opens in the late spring, home buyers will be able to walk through models from three of the state's leading homebuilders: Brookfield Residential, De Nova Homes, and Van Daele Development.
WASHINGTON (AP) - Average U.S. rates for fixed mortgages fell this week as the latest data continued to indicate a pause in the housing market's recovery.
WASHINGTON (AP) - U.S. home prices slipped from November to December, and the year-over-year increase slowed, likely a result of weaker sales at the end of last year.
No matter if you live on a coast or in the Upper Midwest, you can use your outdoor spaces to the fullest in any season by adding a few enhancements. Whether you do it yourself or hire a professional, it's easy to add features like a seat wall and a fire ring for an outdoor gathering spot, or an outdoor kitchen to create the taste of summer all year. A few simple improvements can help you create a space that keeps you outside longer into the night, earlier in the spring and later into the cooler seasons.
How much time do you spend in the bathroom each day? Whether it's where you prep the kids for bed or step away for some alone time, the bathroom is one of the most frequently used rooms in the home. It's also one of the best areas in which to invest; renovating or simply updating this space can lead to a 62 percent return on investment.
The recovering U.S. housing market has led to increased demand for certain luxury items, including hardwood flooring. Exciting trends are influencing the marketplace and for today's consumers, there are more hardwood flooring options than ever before.
WASHINGTON (AP) - Fewer Americans signed contracts to buy previously occupied homes in December, suggesting a slowdown in real estate. Pending home sales fell to the lowest point since October 2011.
WASHINGTON (AP) - Average U.S. rates for fixed mortgages slipped this week as new data showed a decline in home prices in November and a drop in new homes sales last month.
WASHINGTON (AP) - U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years.