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Board's gift to owners takes the joy out of reserves
Q. Our board has waived the assessments for all unit owners for December over the past two years as a holiday gift. They have taken money from the reserves to make up that amount in the budget. I believe this is a violation of the Illinois Condominium Act...Tags: Justice and Rights, Companies and Corporations, Civil Laws, Finance, Civil Rights
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Whose insurer covers damage to units
Q: I live in a five-story condominium building. The owner on the top floor left a faucet running and as a result, the water penetrated all the units below. The owner's insurance company said that according to new Illinois condominium law, each owner...Tags: Insurance, Real Estate Sellers, Companies and Corporations, Elections, Services and Shopping
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New federal loan modification policy begins Monday to help jobless
Sun SentinelThe Obama Administration began a new policy Monday to give unemployed homeowners with FHA loans a break on part or all of their mortgage payments for up to 12 months. That's triple the previous four-month extension, said Brian Sullivan, a U.S. Housing...Tags: Unemployment, Career and Workplace, Mortgages, Elections, Real Estate
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Getting appraisal, price to match is getting harder
Financing a home purchase has become extremely difficult since the housing boom turned to bust. Getting an appraisal to match the price for which one's lender has preapproved a mortgage can be more art than science.
In June, a sizable share of U.S....Tags: Pennsylvania, Human Interest, Wells Fargo & Co., Finance, Contracts
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Local builder embarks on new apartment construction
An Owings Mills group is launching work on five new apartment complexes in the Mid-Atlantic at a cost of $186.5 million, all in areas it says have high demand but little new construction. Projects under way by Chesapeake Realty Partners, a residential...Tags: Aberdeen Proving Ground, Harrisburg (Dauphin, Pennsylvania), Chesapeake (Chesapeake, Virginia), Ellicott City, Federal Hill
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2 sentenced to federal prison for reserve mortgage fraud scheme
Sun SentinelA loan officer and a title agent were sentenced to federal prison after earlier pleading guilty to participating in a $2.5 million reverse and loan modification scheme, U.S. Attorney Wifredo A. Ferrer announced in Miami. Loan officer Marcos...Tags: Genworth Financial Inc, Lawyers, Crimes, Prosecution, Trials
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Help for struggling owners: Leagues' free foreclosure counseling
Sun SentinelThe Urban Leagues of Broward and Palm Beach counties are offering free counseling to help families stay in their homes. The nonprofits' counselors can help families set up a plan to keep their homes, including winning a loan modification from their...Tags: Broward County, Elections, Palm Beach (Palm Beach, Florida), Real Estate, Palm Beach County
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The down-payment hurdle
Tight credit is leaving the housing market gasping for air. That's the drum beat from many corners of the real estate industry, which has been complaining loudly that restrictive mortgage-lending standards are a leading reason housing can't seem to...Tags: Lawyers, Finance, Mortgages, Lifestyle and Leisure, Housing Industry
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Update on FHA Loan Limits
A bill was introduced in Congress this week that would allow FHA to guarantee or buy mortgages up to $729,750 in most areas in the country through 2013. FHA loan limits will drop by October 1 if legislation does not pass by then. If this bill is not...Tags: Real Estate, Real Estate Buyers, Homes
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What To Consider When Buying Foreclosed Property
PIX11.comRealtor Amber Noble-Garland gave tips on buying foreclosed property. Plus she explained what short sale or pre-foreclosures are. For more information, visit www.AmberLovesRealEstate.com. - What is a short sale or pre-foreclosure? *SHORT SALES ARE THE...Tags: Finance, Property, Mortgages, Foreclosures, Auction Service
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More People Renting Instead of Buying Homes
The American Dream may be fading. According to a U.S. Census report, the number of people who own their homes has declined. Realtors in the Kansas City area say credit scores and the ability to qualify for a loan is hindering people from becoming home...Tags: Credit and Debt, Real Estate, Rentals, Fannie Mae, Freddie Mac
Jan 6, 2012
|Column| Chicago Tribune
Jan 4, 2012
|Column| Chicago Tribune
Aug 1, 2011
|Story| South Florida Sun-Sentinel
Aug 26, 2011
|Story| Chicago Tribune
Sep 4, 2011
|Story| Allentown Morning Call
Sep 9, 2011
|Story| Baltimore Sun
Nov 4, 2011
|Story| South Florida Sun-Sentinel
Jul 20, 2011
|Story| South Florida Sun-Sentinel
Jul 29, 2011
|Column| Chicago Tribune
Aug 6, 2011
|Column| KSWB-LTV
Aug 8, 2011
|Story| WPIX-LTV
Aug 9, 2011
|Story| WDAF
Original site for Federal Housing Administration topic gallery.
