Let's say someone has a home they either own free and clear or have very little left to pay off on their mortgage.
For many Americans, as they look out the window of their homes, they see what is becoming a nightmare for many people- a foreclosed house on the block. Its yard is overgrown and littered with branches and trash. It has become a lifeless shell, a magnet for trouble and a source of worry as neighbors wonder how the property will affect the value of their homes.
BATON ROUGE, La. (AP) - After three decades holding estate sales, Noelle Lanier says she is sure she believes in ghosts.
Buyers are still clamoring for real estate deals in this turbulent market. Foreclosures and short sales offer some of the best bargains, but also have a higher risk level. Still, more than four in five adults think foreclosures and short sales can be good deals, according to a recent American Society of Home Inspectors (ASHI) survey.
Fall is the time of year when thoughts turn back toward the home. With kids back in school and the holidays approaching, many homeowners look for ways to make their rooms more stylish, but struggle to find the balance between beautiful and livable.
DEAR BENNY: I am in the midst of house hunting right now. Do you have an example of contingency language for financing and inspections that you have used in the past? We are about to make an offer and would like to include this language in the contract if possible. --Ryan
With cooler temperatures on the way, there's no better time to finish checking items off the home improvement to-do list. Several projects are "must-do's" and should be completed before the harsher weather arrives. Most are simple enough to accomplish in just a couple days.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery.
LOS ANGELES (AP) - The evolution of the U.S. foreclosure crisis is increasingly diverging along state lines.
SPRINGFIELD, Mo. (AP) - Looking at what Dan Chiles is building in western Greene County, it's hard to tell whether it's a home or a storm shelter.
Comfortable spaces don't need to be constrained by four walls, and an outdoor entertaining area can quickly become the most important "room" of your home. You aren't alone if your porch or patio looks outdated and drab. Weather conditions can be tough on outdoor areas, but with a few simple updates, you can create a perfect outdoor space in no time.
The golden days of autumn are upon us, signaling a new direction in home decor and entertaining. What are your plans for updating your house? These easy tips will bring the feeling of fall into your home without a lot of money or extra effort.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages changed little this week and remained slightly above record lows reached earlier this year. The low rates have aided a modest housing recovery.
More and more households have extended family living together under one roof, and the tight fit has some families in the market for a larger home.
WASHINGTON (AP) - U.S. construction spending fell in July from June by the largest amount in a year, weighed down by a big drop in home improvement projects.
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.