DEAR BENNY: I lost my home to foreclosure in August 2011. I had a second mortgage on the home that was secured by a deed of trust for $99,000. This was a home equity line of credit (HELOC) that I used to pay off a pool loan, used for home improvements and later tapped each month to make the mortgage payment.
WASHINGTON (AP) - Mortgage giant Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices.
WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage was little changed this week, staying slightly above its record low. Cheaper mortgages are helping drive a modest housing recovery.
WASHINGTON (AP) - A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.
In the past year, we've seen tornadoes sweeping across middle America, rivers flooding their banks along the Mississippi and out-of-control wildfires destroying homes in California, Colorado and Texas. But watching the ocean sweep across Wall Street, flooding the New York subway system and destroying a whole section of Queens and New Jersey must finally bring home our total vulnerability to nature.
My property tax bill hasn't changed for the second straight year.
When it comes to decorating with lights for the holidays, there are unlimited ways to add twinkle to the inside as well as the outside of your home. Some people favor an elegant, restrained sprinkling of lights around a door, while others go for a more exuberant display of illumination on virtually every surface.
WASHINGTON (AP) - Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.
NEW YORK (AP) - Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don't cover flooding damage, and the vast majority of homeowners don't have flood insurance.
WASHINGTON (AP) - The average U.S. rate on a 30-year fixed mortgage slipped this week and stayed near its record low, a trend that's helped boost home sales and refinancing.
DEAR BENNY: A mortgage broker advised us several years ago to split our mortgage into a $400,000 mortgage and a $100,000 line of credit (we had $300,000 total available on the HELOC). A few months ago, we refinanced our $400,000 mortgage with our current lender. (Our house is assessed at $900,000.) We asked our lender if we could refinance our mortgage up to $500,000, pay down the $100,000 drawn on the HELOC, but still keep the HELOC with the HELOC lender open, and our lender said "yes."
PHOENIX (AP) - A Frank Lloyd Wright-designed Phoenix home that had been slated for demolition will apparently survive under a new owner.
WASHINGTON (AP) - U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects.
As you prepare to celebrate the holidays, welcoming loved ones into your home is a highlight of the festivities. You may eagerly look forward to gathering with family and friends, but is your house holiday and houseguest ready?
Americans are on the move. The United States Census Bureau estimates that 12.5 percent of Americans - nearly 40 million people - changed residences each of the past two years. While many turned to moving professionals for assistance, some learned the hard way that not all moving companies are created equally. In fact, the Federal Motor Carrier Safety Administration (FMCSA) received nearly 3,000 complaints about moving companies last year alone - a double-digit increase from the prior year.
SAN DIEGO (AP) - California home sales fell slightly in February as buyers struggled with higher prices and a thin supply of properties for sale, a research firm reported Wednesday.
WASHINGTON (AP) - Average long-term U.S. mortgage rates fell this week, remaining near historically low levels at the start of the spring home-buying season.
It is country living with all the benefits of solitude but without the extra work of caring for land.
Just as tasteful, well-chosen jewelry can turn an unexciting outfit into a stylish, eye-catching ensemble, carefully applied hardwood mouldings and trimwork can transform a plain-Jane interior into an interesting - even beautiful - space.
WASHINGTON (AP) - Average long-term U.S. mortgage rates rose this week yet remained near historic lows reached in May 2013.
DANVILLE, Va. (AP) - They were offered in a catalogue - and shipped in a kit - via railroad a century ago.
In the midst of the winter we love to think of the summer as this idyllic time when we live barefoot under the sky and everything is perfect and beautiful. Then when the summertime comes, we find ourselves complaining about too much sun, being too hot or bugs - and stay inside in the cool AC to avoid them. The good news is you can create a cool, shady and even bug-free spot for yourself, no matter the size of your outdoor space or your wallet.
NEW CANAAN, Conn. (AP) - In the years after World War II, when suburban towns were still "the country," this unassuming village an hour north of Manhattan became an epicenter of modernist architecture, and a birthplace of then-radical concepts like family rooms, floor-to-ceiling windows and open-plan living.
STOCKHOLM (AP) - Lost that charger again for your cellphone or tablet? Hate sorting heaps of wires to charge various devices?
TULSA, Okla. (AP) - Millennials' much-discussed preference for urban living may be ending.
Busy has become a way of life. Between work, household chores, time with family and friends, people often don't have time to complete that entire wish list of home updates. Luckily, there are several simple kitchen and bath projects that you can conquer in minimal time that deliver maximum style and functional impact. In fact, here are a few projects that can be completed in about an hour or less.
WASHINGTON (AP) - Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013.