Q: I want to lend my daughter and son-in-law money by making a $200,000 mortgage loan to them. How do I do this to make it legal, so I can pay taxes on the income and they can get a tax deduction on the interest and I can earn more than I would on a bank CD?
DEAR BENNY: My cousin and disabled elderly aunt are living in a house that my aunt sold about four years ago in which the agreement included lifetime living rights without the stipulation of rent payment or payment for taxes. Does the owner have the right to demand rental payments now? Is there a website that I might be able to check to find out more information for them? --Patti
With temperatures on the rise, it's time to get outside to relax with family and friends. Today's homeowners want their outdoor spaces to be an extension of their homes, with 80 percent saying a patio or front porch are "must haves," according to a survey of residential architects by the National Association of Home Builders (NAHB).
It was one of those conversations that tend to stick with you.
WASHINGTON (AP) - Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.
WASHINGTON (AP) - An index that tracks the number of signed contracts to buy U.S. homes rose to its highest level in nearly two years last month, the latest sign the battered housing market is slowly improving.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage has dipped to near its record low, keeping home-buying and refinancing affordable.
What starts out as a fun summer evening with a few friends can quickly become a reminder that not paying attention while grilling can be dangerous.
WASHINGTON (AP) - Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.
Gee, it has been a while since we had a week like this on the economic front. With the exception of mortgage rates declining slightly, and the retail sales report coming in better than expected, the bulk of the economic data and market news this week has been pretty disconcerting.
DEAR BENNY: My mother has a reverse mortgage on her home, taken out after my father died when as the survivor her name alone was on the title. The usual terms of the reverse mortgage apply, including the acceleration clause upon death or removal from the home.
If you added a pool to your home in the past few years, or moved into a house with an existing pool, you may wonder what more you can do to enhance the value and enjoyment your pool brings to your home and family. You may even think there's not much you can do beyond keeping it clean and well maintained.
A growing number of two-bedroom, one-bathroom apartments in the more popular complexes in Manteca that were renting for under $750 just a year ago have now topped $800 a month.
SACRAMENTO (AP) - The Legislature started moving ahead Thursday with bills intended to protect homeowners in the foreclosure process, setting up a potential showdown between the state attorney general and mortgage lenders.
WASHINGTON (AP) - It's been a long time since the market for new homes has looked this good.
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.