Frank Lloyd Wright house may relocate to Japan An experimental textile block house designed by architect Frank Lloyd Wright could be moved from California to Japan. La Miniatura in Pasadena was built in the 1920s and is one of four similar houses in South California, reports the Los Angeles Times. However, it has remained on the [...]
National home prices jumped a substantial 3.6% in the past year, according to the S&P/Case-Shiller Home Price Index released on Tuesday. Prices also climbed 4.4% in the second quarter compared with a 2.8% plunge in the first quarter. Home prices rose in August for the third straight month, a rapid pace of recovery that surprised [...]
The number of U.S. households that missed consecutive mortgage payments or were in foreclosure fell more in the second quarter than any time since the mortgage crisis began four years ago, a survey found. But the data, released Thursday by the Mortgage Bankers Association, showed the crisis is far from ending. One worrisome sign: The [...]
Since the start of the housing downturn, the number of Web sites and foreclosure-prevention companies claiming to offer help to struggling borrowers has greatly increased. While some of the businesses are legitimate, others are fraudulent and offer services that consumers may be eligible to receive free of charge. This month, Fannie Mae – the government-sponsored [...]
By John J. O’Dell I recently met a couple at one of my favorite coffee shops, the Flour Garden. We started talking and they were looking for some cheap land to buy, figuring that there was a lot of good deals out there because of the economy. Since I always carry my laptop with me, [...]
Getting a mortgage in the hay day of the housing bubble was sometimes a very costly adventure. Some mortgage brokers would try to steer the borrower into loans that gave the broker the most points (a point is one percent of the loan) to them. In other words, they would pick a lender that gave [...]
Over the last five years, one of the newest developments in real estate is the ability for home buyers and sellers to search online for a home’s value. Popular Web sites such a Zillow.com, Cyberhomes.com, and Eppraisal.com offer free home estimates, but some consumers and real estate industry professionals say the values calculated often are [...]
By Howell Haunson RISMEDIA, August 18, 2010–Mortgage fraud is not going away any time soon. The FBI has been working with bureaus of investigation in states that recently passed residential mortgage fraud acts to stay abreast of the latest fraud tactics. The FBI has found that fraudsters are evolving new ways to take advantage of [...]
Foreclosures continued on an overall downward trend in July in the Yuba-Sutter area, though Sutter County saw an increase compared to a year earlier in the number of homes undergoing the final foreclosure step and falling into bank possession. In Yuba County, 56 homes went into foreclosure last month, a decrease of 10 from a [...]
The U.S. Treasury Dept. announced yesterday it is providing additional funding to a California program to help homeowners struggling to make their mortgage payments due to unemployment. The program, administered through the California Housing Finance Agency (CalHFA) will assist struggling borrowers make up to six months of mortgage payments. Lenders will be asked to match [...]
