housing market
Why Do Lenders Turn Borrowers Down?
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It’s tougher to get financing for buying real estate these days. Banks are issuing fewer loans, and imposing tougher standards on the loans they do issue. But those standards can vary from institution to institution – and some lenders may say yes to a home loan, while others may say no. The reasons...
VA Loans Can launch Investing Careers
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The Veterans Administration loan has long been a mainstay for helping veterans of the country’s armed forces create a stable life after leaving active duty. Generally these loans are limited to personal use, not investing. But a few loopholes in the rules for VA home loans may allow veterans to get...
Renting Out Your Home? Think Like a Landlord
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For many people, the first foray into creating income from real estate comes from renting out a home they already own. Life changes and economic conditions can quickly turn homeowners into landlords. But making that shift successfully requires re-thinking your role and your relationship to the property.
Change...
Vampire Properties Haunt the Housing Recovery
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Halloween is over, but zombies and vampires continue to plague the housing market. Those are the names given to problematic foreclosures that can’t be turned into assets by the lending institutions that hold them. And because these properties can’t be sold, financial experts say, they hold true to...
Fannie Mae Sues Banks for Interest Rate Fraud
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The US Justice Department and numerous state attorneys general have been pressing lawsuits against the nation's big banks for a variety of crimes and misbehaviors since 2010. Now, housing giant Fannie Mae is joining the party, with a lawsuit of its own against nine major US and foreign banks for...
Older Home Sales Heat Up the Recovery
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Call them vintage. classic or just plain old, homes of a certain age are quietly driving housing sales in markets around the country, as investors and residential home buyers alike snap up these older properties at bargain – basement prices.
According to a new report front UPI Business News, the real...
Three Strikes Laws Force Landlords to Evict
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In a previous post we brought you news of the growing trend of nuisance ordinances and “landlord 911” laws being enact4ed by communities nationwide in an effort to curb neighborhood crime - and how those laws force landlords into taking on additional burdens - including the job of law enforcement...
Investing Trends Create Generation Gaps
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The “generation gap” is blamed for differences in attitudes and behaviors on everything from music to careers. Now, according to a new report by the New York Times, it’s a term that can be applied to the way three generations – baby boomers and the so-called Generations X and Y – manage their...
Nusance Ordinances Harm Landlords – and Tenants
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Across the country, communities small and large have enacted ordinances aimed at combating neighborhood crime. Under names like “nuisance ordinances” or “landlord 911 laws,” these local laws are now facing legal challenges because of the harm they can cause to both property owners and their tenants.
Anti-...
Online Auctions: Buyer Beware?
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It’s one thing to buy vintage baseball cards or a new bicycle through an online auction, but – houses? Over half the real estate transactions conducted today involve the Internet in some way, from posting a listing to texting an agent. Now, online auctions can make it easy to close a deal on an investment...
