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.
WASHINGTON (AP) - Average long-term U.S. mortgage rates declined this week, approaching historically low levels with the spring home-buying season underway.
SUNNY ISLES BEACH, Florida (AP) - The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view.
Whether you've heard it in the office, a classroom or a soccer field, that old saying about mistakes being valuable learning tools really rings true, doesn't it? If those mistakes occur during the course of a kitchen renovation, however, it may be difficult to be philosophical about them. Bungle a kitchen redesign, and you'll either have to live with the consequences for a long time or invest even more money to correct them.
Now that warmer weather is here, you want to spend as much time outdoors as possible - and that includes mealtime. But what if your outdoor kitchen space is lacking? Worry not! There are several easy, affordable projects that can help you transform the area into the perfect cooking and entertaining area. Give these projects a try to recreate your space.
WASHINGTON (AP) - U.S. home prices rose at a steady pace in January, pushing prices up at a faster pace than wages and putting more homes financially out of reach for would-be buyers.
MOUNTAIN VIEW (AP) - Of Google gets to build a new office complex north of Highway 101, no one will feel the "Googly" aura of the canopied tech wonderland quite like the people living along Space Park Way.
If you have a FHA backed mortgage there are a lot of people out there convinced you can save hundreds if not thousands of dollars a year if you just call them.
Whether you're planning to list your home for sale soon or you're simply working to maintain features that attracted you to the charming abode in the first place, careful attention to curb appeal is a must.
A recent study found that 50 percent of homeowners claim their garage is the most disorganized place in the home. In addition, The Department of Energy cites 25 percent of people with two-car garages have too much clutter to leave room for cars, while 32 percent only have room for one vehicle. Isn't it time to do something about the mess? This year, focus your efforts on maximizing storage space in the garage.
INCLINE VILLAGE, Nev. (AP) - Two leading Realtor boards have come out against future ridgeline development in the Lake Tahoe Basin.
WASHINGTON (AP) - Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.
WASHINGTON (AP) - Sales of new U.S. homes in February climbed to their fastest pace in seven years, as an otherwise dormant housing market showed fresh signs of life.
When considering a home renovation, think outside the box for design inspiration and setting the overall tone.
WASHINGTON (AP) - Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season.