DEAR BENNY: I am 74 and recently have been contemplating paying off my condo mortgage. The remainder of the mortgage is $98,000 at 6 percent. Can you help me through this? On the surface it seems like a good idea, but I'm not aware of all the particulars. I am in good health and will not need the $98,000 in the near future. --Dee Dee
WASHINGTON (AP) - The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration's budget request sent Monday to Congress.
WASHINGTON (AP) - The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.
WASHINGTON (AP) - U.S. homebuilders are gradually growing more optimistic about the depressed housing market and believe homes sales could pick up sharply when the spring buying season begins.
WASHINGTON (AP) - Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.
LOS ANGELES (AP) - Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.
DEAR BENNY: My wife and I closed on a short-sale house in Florida back in 2010. We paid "in full" the homeowners and flood insurance even before we took title to the property. Once we became the owner of the property, confusion started when the insurance agent apparently (and incorrectly) advised the lender that we did not have the necessary insurance coverage.
The big headline announced this month is the $26 settlement reached between the nation's five largest banks and 49 state attorney generals. The settlement is to compensate and assist homeowners that have been either foreclosed on improperly, or homeowners that owe significantly more than the value of their home.
Rent vs. own? More Americans are wrestling with that question as the economy continues its slow recovery. Even though homes are selling at record lows, many Americans are choosing to rent instead, maintaining their mobility and financial flexibility until the economy, as well as their job prospects, improve.
Did you ever watch a home improvement show team transform a drab room into something spectacular using a shoestring budget and less time than it takes you to clean out your closet? Ever wonder how they did it? Here's the secret: they cheat. And you can too.
Oakwood Shores 2.0 isn't simply an upgrade of the initial gated lakefront community that took major nosedive during the collapse of the housing bubble.
Warmer temperatures, green grass and increased daylight help shake off the winter blues and inspire home and yard improvements to spruce up your surroundings.
Beat the winter blues by taking the first steps to create a summer backyard oasis. By preparing now, you'll be ready to install - and enjoy - a dream deck once warmer weather arrives.
Every garden is filled with them: millions of unseen weeds. They are dormant seeds that lurk just below the soil surface, ready to spring to life with just the briefest exposure to light. Weeds can choke a garden, robbing it of space, nutrients and water. Allowing weeds to mature compounds the problem, as they are naturally prolific seed producers. They grow aggressively and can be tough to get rid of, because pulling weeds brings more weed seeds to the surface.
Real Estate Boys: Hope you are having a great summer so far. Our question for the Boys is simple and easy. What is the shape ...
Q: My wife and I are in our eighties and would like your comments regarding a very critical decision concerning our future.
NEW YORK (AP) -U.S. homebuilders' confidence in the market for new homes is back up to levels not seen since the height of the ...
WASHINGTON (AP) - Average long-term U.S. mortgage rates rose this week, reaching highs for the year as investor anxiety over economic turbulence abroad moderated.
As much as 30 to 40 percent of all food in North America is wasted, according to the United Nations Environment Programme. That's about ...
It's the time of year when even a dip in the local lake won't cool you down for long. What you really need ...
WASHINGTON (AP) - More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level in more than nine years.
WASHINGTON (AP) - Average long-term U.S. mortgage rates rose this week, reaching high levels for the year.
WASHINGTON (AP) - U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco.
Even for households that count four-legged fur friends as part of their family, pet-friendly features can be easily overlooked when it's time to build ...
Just like many products, when it comes to purchasing new light bulbs, nothing beats the in-store experience. Seeing the difference in lighting has a stronger ...
During the summer, it may seem impossible to keep bugs away from the home, so people will try just about anything. Perhaps you've heard ...
WASHINGTON (AP) - U.S. construction spending posted a solid gain in May, pushing total activity to the highest point since the fall of 2008, with ...