DEAR BENNY: I lost my home to foreclosure in August 2011. I had a second mortgage on the home that was secured by a deed of trust for $99,000. This was a home equity line of credit (HELOC) that I used to pay off a pool loan, used for home improvements and later tapped each month to make the mortgage payment.
WASHINGTON (AP) - Mortgage giant Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices.
WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage was little changed this week, staying slightly above its record low. Cheaper mortgages are helping drive a modest housing recovery.
WASHINGTON (AP) - A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.
In the past year, we've seen tornadoes sweeping across middle America, rivers flooding their banks along the Mississippi and out-of-control wildfires destroying homes in California, Colorado and Texas. But watching the ocean sweep across Wall Street, flooding the New York subway system and destroying a whole section of Queens and New Jersey must finally bring home our total vulnerability to nature.
My property tax bill hasn't changed for the second straight year.
When it comes to decorating with lights for the holidays, there are unlimited ways to add twinkle to the inside as well as the outside of your home. Some people favor an elegant, restrained sprinkling of lights around a door, while others go for a more exuberant display of illumination on virtually every surface.
WASHINGTON (AP) - Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.
NEW YORK (AP) - Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don't cover flooding damage, and the vast majority of homeowners don't have flood insurance.
WASHINGTON (AP) - The average U.S. rate on a 30-year fixed mortgage slipped this week and stayed near its record low, a trend that's helped boost home sales and refinancing.
DEAR BENNY: A mortgage broker advised us several years ago to split our mortgage into a $400,000 mortgage and a $100,000 line of credit (we had $300,000 total available on the HELOC). A few months ago, we refinanced our $400,000 mortgage with our current lender. (Our house is assessed at $900,000.) We asked our lender if we could refinance our mortgage up to $500,000, pay down the $100,000 drawn on the HELOC, but still keep the HELOC with the HELOC lender open, and our lender said "yes."
PHOENIX (AP) - A Frank Lloyd Wright-designed Phoenix home that had been slated for demolition will apparently survive under a new owner.
WASHINGTON (AP) - U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects.
As you prepare to celebrate the holidays, welcoming loved ones into your home is a highlight of the festivities. You may eagerly look forward to gathering with family and friends, but is your house holiday and houseguest ready?
Americans are on the move. The United States Census Bureau estimates that 12.5 percent of Americans - nearly 40 million people - changed residences each of the past two years. While many turned to moving professionals for assistance, some learned the hard way that not all moving companies are created equally. In fact, the Federal Motor Carrier Safety Administration (FMCSA) received nearly 3,000 complaints about moving companies last year alone - a double-digit increase from the prior year.
Storage has style? Really? Of course it does. And when it comes to tackling storage projects, don't skimp on creating the style that best suits your personality.
Once school lets out, it's a great time to make updates to kids' rooms. Not only does it let children personalize their own space with decor that reflects their growing personality, it's a great way to keep them busy with all that extra time to burn.
LOS ANGELES (AP) - Living in an apartment? Expect your rent to go up again.
It's a sobering truth of real estate that sellers often have to spend money to make money. Even if your home is relatively new, you still face costs associated with getting it ready to show, such as repainting interior rooms or hiring professional cleaners and stagers. If your home could use some TLC and updating, spending as little as $5,000 on key upgrades could improve its appeal for buyers - and ensure a speedier sale at a better price.
Every new year brings along new design trends, with homeowners often feeling the pressure to mix up their kitchen interiors to keep things current. But the truth is, when embarking on any renovation project, incorporating more timeless (and less trendy) assets will save both time and money in the long run. This ensures any kitchen styling stays current and "fits in" no matter which way the design pendulum swings.
Rising prices and a dearth of homes for sale in many markets have made it harder for many looking to buy their first home.
WASHINGTON (AP) - The House on Tuesday overwhelmingly adopted legislation to ease some mortgage lending requirements of the sweeping 2010 law reining in banks and Wall Street as the Republican majority continues its assault on the so-called Dodd-Frank law enacted after the financial crisis.
SAN DIEGO (AP) - California home prices reached fresh seven-year-highs in March, a research firm said Friday, helping sales rebound from a two-month slide as some homeowners put their property on the market to reap gains.
Oakwood Shores is not just among a handful of neighborhoods surrounding private lakes in the Northern San Joaquin Valley but it has another feature that few of those have - a gated community with 24-hour security patrols.
Life gets busy and clutter has a way of sneaking up on everyone. It may be all those shoes, the lack of space or the fact that you have absolutely no time - there are many reasons for the mess. But, whether you're a single person living in an apartment or have a large family in a sprawling house, everyone can benefit from more organization. By simply thinking about storage differently and coming up with a smart organizational system that works for you, you'll be on the way to creating a well-balanced, happier home.
Have you ever wished you had more space in your home? Maybe you'd use the space to pursue a hobby, host out-of-town guests or just spread out and get some quiet time to yourself. The space you desire could already be in your home in your basement. If your cellar is nothing but a series of unfinished areas used for storage, you're not getting all the benefits you could be from the space.
LOS GATOS (AP) - Members of the real estate industry are getting ready for a new regulation scheduled to take effect this summer that requires changes to the traditional mortgage loan acquisition process. The upcoming TILA-RESPA Integrated Disclosure rule takes effect Aug. 1 and, if not understood by all parties involved, could delay the closing of escrow. Issued by the Consumer Financial Protection Bureau, TRID combines the mortgage disclosure established by the Truth-in-Lending Act and the Real Estate Settlement Procedures Act into one single rule. However, according to a lender panel at a Silicon Valley Association of Realtors meeting, the move ...
BOWIE, Md. (AP) - In 2008, Bonnie Moore was going through a divorce. And as she was adjusting to a one-income lifestyle, the recession hit and her five-bedroom, three-bathroom home lost half its value.
Ripon has launched the HERO Property Assessed Clean Energy (PACE) Program, which enables homeowners and commercial property owners to make energy- and water-efficiency improvements and pay them off through their property tax bill.
REDWOOD CITY (AP) - Real estate agent Julie Ray has come of age in the red-hot housing market. But this was a first: zooming through a $1.7 million house with her iPhone, she used its FaceTime video application to send images of the property -- including bathroom tile and a backyard lemon tree - to the prospective buyers in Switzerland.