Terry, please answer this question for me: Why shouldn't I just walk away from my mortgage?
DEAR BENNY: If damage to an individual unit is from a common-area element and was caused by negligence, and the condo documents as I understand them state that the damage to the unit involved is the responsibility of the condominium owners association, should that not then be covered by the master policy? Also, what is an HO-6 policy? --Lois
The holiday season doesn't have to always involve the same old, same old when it comes to decorating your home.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.
NEW YORK (AP) - U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders.
From cooking to entertaining, the kitchen - always the heart of the home - now takes center stage as the 21st century hub of the home. As families spend more time in their homes, today's "command central" kitchen needs to be multi-functional and high-definition with easy-to-maintain surfaces dedicated to cooking, working, Web surfing and blogging, paying bills and doing homework, as well as creating a comfortable environment to entertain with family and friends.
I have a carport.
When it comes to selling your home, curb appeal means everything. And nothing makes a worse initial impression than exterior trim that is peeling, cracked, rotted or falling apart. Replacing old or damaged exterior trim is a great way to freshen up your home today and make it stand out among others tomorrow.
DEAR BENNY: My husband and I own a condo in a seven-unit condo association. We have owned the unit since 2005. Recently, one of the unit owners asked us if we were interested in buying his unit. We made an offer and he accepted it. After the sale and purchase agreement was signed, the seller of that unit sent an email to everyone in our association that he was happy to announce that we are buying another unit in the building.
Boomers expect to stay in their homes and live independently into their later years, but in the midst of change that is occurring in their households, it's easy for them to lose focus on planning for their own future housing needs.
WASHINGTON (AP) - A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines have led more homeowners to refinance, a trend that could help jumpstart the economy.
Americans have learned a tough lesson: Your home is not your piggy bank. However, there is a reward for those who did build equity in their homes: In their senior years, their home can provide a monthly stream of tax-free income, or a lump sum of cash to spend as they wish, while remaining safely in their home. Or it can provide a source of financing for a new, smaller home.
One of the weather vanes that developers are reading when it comes to Manteca-Lathrop housing once was home to a bunch of squealing kids.
He (or she) who hesitates is lost! It's an old saying, and right now it applies to the housing market. Yes, the economic headlines are still gloomy, many are unemployed and foreclosures are actually rising. But paradoxically, those obvious facts are creating one of the best home-buying opportunities in history.
As the temperature drops, your lawn and garden will start settling into a dormant state. As you prep your landscaping and garden for a winter's slumber, it's a good idea to review the tools you used all summer. Taking care of this task now will ensure they're in good shape come spring when it's time to use them again.
The leaves and the weather don't need to be the only things to change this season. As the cooler temperatures send you indoors, start adding home improvement projects to your to-do list.
WASHINGTON (AP) - With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.
LOS ANGELES (AP) - Man's best friend is taking a bite out of renters' wallets.
As the weather cools down, people are preparing for cozy nights indoors. Perhaps nowhere is the desire for warm, comfortable living spaces more important than the bedroom. Fortunately, it only takes a few simple tricks to warm up any bedroom in just one weekend.
WASHINGTON (AP) - U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.
WASHINGTON (AP) - U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.
How much do you spend on utilities? Are you looking for ways to save? A typical American household spends about $2,100 on energy bills each year, according to the U.S. Environmental Protection Agency (EPA). Most of that expense comes from a home's energy use during the winter heating season. But a quick home checkup can help you can reduce these costs, prepare for winter and enjoy energy savings.
WASHINGTON (AP) - Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.
Halloween has its fair share of iconic symbols: ghosts, witches, mummies and pumpkins, just to name a few. But if your home decor is becoming just as iconic, it may be time to change it up and take your decorating in a new direction.
SAN DIEGO (AP) - California home sales rose for the first time in a year in September, a research firm said Tuesday, as cooling prices and a strong economy encouraged buyers.
Homeowners have spent more on kitchen remodeling than any other home improvement category in the last 10 years, according to Harvard's Joint Center for Housing Studies - and there's good reason. An updated kitchen does more than boost the value of your home; whether you make just a few changes or completely renovate the entire space, a kitchen that feels new is always refreshing. From basic cooking to frequent entertaining, your dream kitchen should look good and function well.
WASHINGTON (AP) - Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.
Americans are renovating again, and instead of letting resale value alone drive their renovation choices, in 2014 homeowners are weighing many more factors. They are seeking renovations that are beautiful, luxurious and eco-friendly, and that both enhance resale value and their ability to age in place should they choose not to sell down the road.
If you are a first-time homebuyer defined as someone who hasn't owned a home in the last three years you could be eligible for $6,500 in interest free down payment assistance.