Tagged : homeowners

Found 31 blog entries tagged as "homeowners".

houseinhand_voronin_450realtor.com - If you’re a struggling homeowner trying to save your house from foreclosure, beware the latest mortgage-relief scam: Dozens of companies have been accused of falsely promising mortgage relief—while collecting millions of dollars in illegal upfront fees, according to a report by the Los Angeles Times.

The Consumer Financial Protection Bureau recently filed three lawsuits against eight firms accused of ripping off homeowners. The agency says the companies collected more than $25 million in illegal upfront fees while promising to modify mortgages or prevent foreclosures.

To read more of this article, click the link below:

Photo:  ©[Voronin]/123RF.COM

492 Views, 0 Comments

goldhouse_buchachon_450money.cnn.com - Low mortgage rates and soaring rents have convinced a growing number of homeowners to hang onto their former homes and become landlords instead.

"Clients tell us all the time, 'We're never going to sell our home, even after we buy a new one,'" said Glenn Kelman, CEO of the brokerage, Redfin.

Susan Young of Lawrence, Kan., refinanced the mortgage on her house in 2013, landing a 3.25% rate on a 30-year fixed loan. She bought another house but has not put her old home on the market.

To read more of this article, click the link below:

Photo:  ©[Buchachon]/123RF.COM

419 Views, 0 Comments

blockhouse_denis-yulia-pogostins__450zillow.com - About 20 to 30 percent of home buyers purchase properties within common-interest developments, commonly referred to as homeowners associations (HOAs). Before weighing the pros and cons of owning a property in an HOA community it’s important to understand what HOAs are, how they are governed and how they affect a homeowner’s bottom line.

To read more of this article, click the ink below:

Photo:  ©[Denis Yulia Pogostins]/123RF.COM

507 Views, 0 Comments

houserainbow_anthonycz_450Underwater on your mortgage and still haven’t refinanced? Here are some lender tips on refinancing through HARP, a government-backed program to help underwater homeowners lower their monthly payments or lock down a low, fixed-rate mortgage.

Don’t assume you won’t qualify

Do you owe way more on your home than it’s worth? You can still refinance through HARP (the Home Affordable Refinance Program) no matter how underwater you are.

To read more of this article, click the link below:

Photo:

420 Views, 0 Comments

househill_sellingpix_450homes.yahoo.com - The Federal Housing Administration (FHA) recently enacted a rule change allowing borrowers who have fallen into foreclosure, bankruptcy, or a short sale to become eligible for a brand new mortgage backed by the FHA in as little as one year from the date of their previous foreclosure auction, the date of closing on a short sale, or the discharge date on a Chapter 7 bankruptcy. Considering the previous waiting period for a government-backed mortgage was three years, the new rule that shortens the wait to one year is a shiny new present to buyers who had all but accepted the reality of becoming renters for the foreseeable future. The new rule is in effect till Sept. 30, 2016.

To read more of this article, click the link below:

Photo:

586 Views, 0 Comments


thestreet.com - Homeowners who've wanted to sell should be cheered by recent news of rising home prices, easier lending terms for buyers and general economic improvement that encourages house hunting.

But the silver cloud has a dark lining: Rising interest rates can undercut home prices.

 

Rising mortgage rates are hardly a crisis, as they're still low by historical standards, but prospective sellers should keep the rate and price relationship in mind as they plot their strategies.

To read more of this article, click the link below:

567 Views, 0 Comments


homes.yahoo.com - If you think you may have missed the boat on getting a lower mortgage rate, you may think it's too late to refinance - especially when you see interest rates rising every week.

In fact, according to the Mortgage Bankers Association (MBA), on July 5, 2013, the average interest rate for a 30-year fixed-rate mortgage increased to 4.68 - an increase of .10 percent from June 28th. This is the highest rate since March 2012. 

Though this news may dishearten homeowners who didn't jump at the chance to refinance when rates were at rock bottom, our experts say not to give up on the idea of refinancing just yet.

To read more of this of this article, click the link below:

565 Views, 0 Comments


money.cnn.com - With the real estate market heating up, it appears that American homeowners are ready to start remodeling again.

After years of decline, home-improvement spending increased 9% in 2012, according to the Joint Center for Housing Studies at Harvard University, which predicts a double-digit surge for 2013.

Planning to get in on the renovation revival with a project of your own? You'll want to utilize a tool that some home appraisers say was too often neglected during the last housing rush: a budget.

To read more of this article, click the link below:

517 Views, 0 Comments

businessinsider.com - The housing market is snapping back – prices of single-family homes rose 9.3 percent over the past 12 months, according to the S&P Case-Shiller index.

But that doesn’t mean boomers hoping to sell their houses have it made.

Homeowners who are in their 40s, 50s and 60s face both short-term and long-term challenges if they want to hook Millennial buyers in their 20s and 30s (who are also known as members of Generation Y and echo boomers).

To read more of this article, click the link below:



543 Views, 0 Comments

With the worst of the housing bust still fresh in homeowners’ minds, it’s a small wonder what some owners are saying they most regret: not buying bigger. It’s just one finding from a new survey by real-estate website Trulia. The survey, which is scheduled to be released  in full on Wednesday, also highlights the changing tide for home sellers, who now have the upper hand in markets amid rising prices and low inventory. 

For more information click the link below:

593 Views, 0 Comments