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 You aren't alone if your porch or patio looks outdated and drab.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.
Fall patio season is upon us, which means hosting family and friends for warm-weather gatherings and barbecues. Don't fret; outdoor events don't have to break the bank. With just a bit of creative vision and DIY savvy, you'll have an al fresco affair to remember in no time at all.
Hand-planed, reclaimed hardwood floors? Beautiful but pricey. Custom drapery? The cost can be blinding. When it comes to home decorating, it's easy to blow your budget on one or two upgrades - and maybe that would be OK if those improvements also amped up the drama in your decor. Too often, however, costly decorating ploys disappoint, wearing out or becoming dated before you've paid off the financing.
YORK, Maine (AP) - Lighthouses for sale! Actually, lots of lighthouses for free.
WASHINGTON (AP) - The average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week.