| Sep 20, 2012
| 1:26 PM
A new study on the Home Affordable Modification Program estimates that 800,000 foreclosures could have been prevented if large mortgage servicers had been better equipped to deal with the crush of troubled homeowners who needed help.
The report comes...
| Sep 25, 2012
| 10:32 AM
WASHINGTON (AP)— Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures.
National home prices increased 1.2 percent in July, compared to the same month last year, according to the Standard & Poor's/...
| Oct 4, 2012
| 2:37 PM
Q: How can I sell my condo unit that is under an order of possession by my association? The association is renting the unit to recoup what I owe them. The unit is also in foreclosure, although there is no foreclosure sale date set. Based upon sales...
| Sep 27, 2012
| 2:33 PM
Greater numbers of condominiums now qualify for mortgage financing insured by the Federal Housing Administration. That's because this month the U.S. Department of Housing and Urban Development, which oversees the FHA, loosened its requirements for...
| Jul 22, 2012
| 9:55 PM
Q: I purchased a home in early 1997. I have since paid off my mortgage and have a question I hope you can answer.
I received a letter from my lender indicating my loan was paid in full effective May 9, 2012. I have never paid off a mortgage before, so...
| Feb 18, 2013
| 7:30 PM
About 10 million consumers, through no fault of their own, have serious errors on their credit reports, raising troubling questions about people's ability to secure loans and the fairness of interest rates they're charged.
In the first study of its...
| Feb 22, 2013
The nation's fair-housing rules became clearer this month when the Department of Housing and Urban Development finalized a rule that it hopes makes it easier to determine whether a housing practice is discriminatory.
The formal adoption of uniform...
| Feb 4, 2013
| 11:43 AM
Depending on the status of the real estate market the advice regarding renting versus owning can fluctuate, but for older adults ready to make a move, the state of the economy isn't the only consideration.
For some they have been living in the same...
| Jan 18, 2013
| 6:01 AM
Hundreds of would-be homeowners stepped forward in the final two months of last year to claim $15,000 down payment assistance grants from Wells Fargo & Co.'s CityLift program.
With no waiting list being kept and the funds all reserved, the program...
| Jan 25, 2013
It's been two years since the Chicago Association of Realtors conducted an economic briefing for its members because, frankly, any forecast revolved around rising foreclosures and falling home values.
But this month, real estate agents gathered in...
| Jan 10, 2013
| 9:13 AM
Government officials are unveiling new mortgage lending guidelines designed to curtail risky loans that led to the housing bust.
From the Chicago Tribune: For most borrowers, the rules will mean no more interest-only mortgages, no more loans where...
| Jan 11, 2013
An asking price on a home, particularly in the current market, can be far different from the price it ultimately sells for, but trends in asking prices offer insight into a home seller's confidence and the market's direction.
On a national level,...