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.
It used to be that the man's room -or man cave- was relegated to the basement or the garage. Now homes are being designed with the man cave already in mind to give men a place to call their own.
PATTERSON - Ivy Terrace is Patterson's first gated "for sale" condominium community.
LOS ANGLES (AP) - Eager to buy your first home this spring? Already own, but want to trade up? Be warned: there'll be plenty of competition
As a kickoff to home improvement season, there are many home updates homeowners are undertaking. But before you grab your toolkit or enlist the help of a professional, do your wallet a favor, and conduct a little research.
Do you feel like your house could use more natural light to brighten and warm your favorite spaces? Patio doors offer unobstructed views that flood your home with natural light and provide convenient access to the outside.
It often starts as a blank spot on the patio, usually somewhere just outside the back door. Then come the "things" to fill the spot. There's so much to consider that it gets difficult to make a decision.
WASHINGTON (AP) - Average long-term U.S. mortgage rates are up this week to the highest level since mid-March.
Hey you Real Estate Boys: There's a lot going on my/our lives in the coming months. First and most importantly we will be getting married right after we both graduate in May, from Stanislaus with our respective degrees. We both have good jobs in this area and are looking forward to becoming old and boring and raising a family. "She is so brilliant." So, being the conservative future couple we'd like to make sure we start our lives on the correct foot/feet. And that, sirs, is our question. How does a young couple start a life ...
WASHINGTON (AP) - Mortgage giant Fannie Mae says it had net income of $1.9 billion for the first quarter. That's sharply down from the same period a year ago due to lower fee income and larger losses on investments used to hedge against swings in interest rates.
LOS ANGELES (AP) - Shortly after Elvis Summers befriended Irene McGhee, he learned she was sleeping on the streets of South Los Angeles.
WASHINGTON (AP) - More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.
WASHINGTON (AP) - The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.
Keeping your wardrobe and entertaining linens fresh and clean is no easy task – from fitting your laundry routine into your lifestyle to removing the toughest stains from your bright whites.
When considering a home renovation, think outside the box for design inspiration and setting the overall tone.