Lenders Put a Freeze on Foreclosures Six of the nation’s largest mortgage lenders, in a joint effort to cool the raging foreclosure crisis, have agreed to temporarily stop foreclosure proceedings on homeowners who have fallen seriously behind in their house payments. Under a program unveiled recently, legal efforts to oust seriously delinquent borrowers […]
Homes: Rent or Buy?
Homes: Rent or Buy? Owning your own home: an idea so popular it’s known as the American dream. But as prices fall and foreclosures rise, for many it’s become a nightmare instead. How do you know whether renting or owning is the way to go? Stacy Johnson looks at some ways in […]
Real Estate Foreclosure Scam Artist
Real Estate Foreclosure Scam Artist Although this story centers around a scam artist in Southern California, be aware… scams like this are happening everywhere, not just in Southern California. Los Angeles CBS reporter David Goldstein offers help in this video on convicted felon Raul Altamirano. This video runs 4:28 but is well worth […]
Richmond VA Housing Slump? Homeowners Don’t Believe It
Richmond VA Housing Slump? Homeowners Don’t Believe It Despite numerous reports showing home values in historic decline, more than three out of four homeowners believe their own home has not lost value in the past year, according to an online survey. The survey was conducted by Harris Interactive for Zillow.com, a Web site […]
Paying Down Mortgage vs Investing Your Money
Paying Down Mortgage vs Investing Your Money You’ve got a little extra cash coming in…do you invest it, or would it be smarter to pay extra on your mortgage? Let’s find out: simple answers to complex questions are in this video (runs 1:28) Tell us what you think. Are you better off paying […]
Counting on Higher Mortgage Limits? Be Patient
Counting on Higher Mortgage Limits? Be Patient Homeowners are already calling their lenders about refinancing, and ads are pushing the idea that the congressional economic rescue plan offers the perfect time to get a loan. But it could be weeks before consumers will be able to benefit from the mortgage provisions contained in […]
A Great Blog for Travel Questions
A Great Blog for Travel Questions Yes, we realize our blog here is supposed to, and is, 99.5% about real estate related matters, however, polls show that over 72% of the American publc does fly at some point in time, so we thought we’d pause momentarily from telling you about real estate to tell […]
Can’t Make the Mortgage Payment? Just Walk Away?
Can’t Make the Mortgage Payment? Just Walk Away? More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? It appears that some are opting to skip out on the mortgage all together. Homeowners are abandoning their homes and, more importantly, their mortgages, rather […]
A Quick Home Inspection Checklist
A Quick Home Inspection Checklist With home prices dropping in many areas, home inspectors are finding more and more homes which are less maintained today than they were in the past. Home buyers are cautioned to keep this in mind when searching for a home, and use this quick home inspection list as a […]
Rebates: What You Need to Know
Rebates: What You Need to Know Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy. The centerpiece? Tax Rebates. Questions abound about how the program will work, and officials at the Treasury Department and IRS are scurrying to work out the details, but […]
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