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).
It's a mad, mad, mad, mad housing market.
If all is working well, most homeowners put little thought into their water heater. But when this critical appliance fails, it can be a nightmare that halts a home's productivity completely. With no hot water for washing dishes and clothes - let alone for bathing - homeowners are left scrambling to find a new water heater as fast as possible.
DEAR BENNY: I have just been elected president of my 200-unit condominium association and have heard that some property managers throughout the country have embezzled association funds. How can we protect ourselves and our money? --Fred
WASHINGTON (AP) - U.S. builders broke ground on fewer homes in November after starting work in October at the fastest pace in four years. Superstorm Sandy likely slowed starts in the Northeast.
WASHINGTON (AP) - Average rates on U.S. fixed mortgages rose this week but remained near record lows, a trend that is leading more Americans to buy homes or refinance their loans.
Looking for a simple, inexpensive way to turn an aging family room into a dazzling showcase? Inspired design professionals will tell you one of the most popular and cost-effective ways to transform a plain space into a room with sizzle is to adorn it with millwork crafted from American hardwoods.
If you're like many homeowners, you consider the patio an extension of your home. So it's fair to ask: Would you be just as comfortable nestled in with your favorite book or preparing a meal in your outdoor space as you would in your living room or your kitchen? As you contemplate ways to improve your outdoor area, think about projects that can both extend the hours you spend outside and make the time you spend there more relaxing.
There are three ways you can possibly lower your property tax bill, two of which can be accomplished without investing even an hour of your time.
What does a homeowner do when he's so happy with his colorful new Bellaforté roof that he wants to share it with family and friends? If that homeowner is Dan Baer, he throws a roof party!
With the fast-paced lives people can lead today, often we strive for instant gratification to fit into our busy schedules. So when it comes to home improvement projects, wouldn't you love an instant update for boring home decor? Fortunately, there are numerous fast fixes that can produce fantastic results. Try these easy update ideas and realize the rewards of a fabulous and functional home makeover.
LOS ANGELES (AP) - U.S. home repossessions rose to a nine-month high in November, even as the number of homes starting on the path to foreclosure declined to the lowest level in six years.
WASHINGTON (AP) - A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
DEAR BENNY: I want to get the PMI off my mortgage in February of next year, which will be two years from the time of my refinancing. All my payments have been on time. I have communicated with my current mortgage company that I wish to have the PMI canceled and they informed me in writing that I have to wait for two years and that I have to get an appraisal (which I have to pay for) in order to make sure I will have 20 percent equity of the new appraised value.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell this week near record lows, providing more incentive for Americans to buy homes and refinance.
WASHINGTON, D.C. (AP) - U.S. homebuilders are feeling more confident about their sales prospects than they have since last fall, while their outlook for sales over the next six months is at the highest level in 10 years.
LOS ANGELES (AP) - Shares of KB Home jumped Friday after the custom home builder reported better-than-expected results for the second-quarter, delivered more homes for a higher average selling price and said its backlog of orders spiked.
When it comes to health and wellness, the design of your home may prove to be just as important as your diet, sleep habits or exercise routine. This is the premise behind biophilic design - the idea that incorporating natural elements into your home, such as wood or plants, can actually improve overall health.
WASHINGTON (AP) - Federal regulators have slapped restrictions on the mortgage businesses of six banks, saying they haven't fully complied with requirements imposed on them to resolve allegations that they abused the foreclosure process after the collapse of the housing market.
Just because you don't own your home or have a permanent abode, does not mean you can't be neat and organized in the place you currently hang your hat.
LAS VEGAS (AP) - Across Southern Nevada, homes listed online usually have a slideshow of photos - some good-quality, some not - showing the yards, bedrooms, kitchen, garage and other areas of the house.
ASHEVILLE, N.C. (AP) - It's not uncommon to see floral patterns on quilts. But how about flowers planted in a quilt pattern?
With spring in full swing and summer fast approaching, finding ways to save time on indoor chores can help get you out of the house faster and back to enjoying your favorite outdoor pastimes. Tame household dust, hair and dirt in a snap this summer with these efficient and effective cleaning tips:
Springtime represents new beginnings and is the prime time to get the house in order. Whether you're looking to make a first-time purchase, refresh an existing home or simply leverage built-up equity for other reasons, it's important to figure out which path is right for you and understand the lending options available.
WASHINGTON (AP) - Average long-term U.S. mortgage rates jumped this week to their highest levels this year, with the key 30-year rate topping 4 percent for the first time since late 2014.
Whether it's a just a vibrant pop of pretty petals you want added to the front of the home or a raised bed full of delicious fruits and vegetables, the return of warmer weather has many homeowners reaching for their gardening gloves.
Gone are the days of basic backyards outfitted with plastic furniture and folding lawn chairs. Today's outdoor spaces have evolved to become true extensions of the home offering all the style, comfort and function of an interior living area. From furniture and accessories to fully-appointed outdoor kitchens, the lines between indoors and out have blurred beyond distinction.
BERKELEY (AP) - Showering during California's drought is a guilt-free experience for homeowners Catarina Negrin and Noah Friedman.
Perhaps your home is in pretty good shape - newish roof, well-maintained furnace and air-conditioning, and fresh paint throughout. Or maybe you've bought a brand-new house that's move-in ready. Even though you don't really need to do a thing to the home, you may still have the urge to update. But what can you do when everything is already just about perfect?
WASHINGTON (AP) - Average long-term U.S. mortgage rates were flat to slightly lower this week, remaining near their highest levels so far this year.