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.
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.