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Caretaker's a lifesaver: How do I sell her my house? (Lodi News-Sentinel)
Q: I inherited a home from a family member, and there is no mortgage. The house is in California, and I am in Georgia. The caretaker who was instrumental in taking care of my elderly aunt prior to her death wants the house but would not qualify for the mortgage based on her income/assets.
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Out-of-pocket costs are yours (The Charlotte Observer)
Q. I was going to refinance my loan on my house. The day I was going to go to the office to sign the closing papers, I asked again what the loan amount and monthly payment was going to be. Well, it had changed and was higher than what I was told originally. So, I cancelled the refinance. My appraisal fee was going to be free, but now they're saying I have to pay it since the loan was not closed. ...
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Behind in payments and seeking to modify a loan (San Jose Mercury News)
Q: I m four months behind in my house payment. Can I still go to the lender and ask for a loan modification?
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Realty Q&A: How to get a no-hassle FHA purchase-rehab mortgage (Market Watch)
I'm trying to obtain a loan for a home purchase -- I am not a flipper -- and I have been unable to find anyone who knows about the FHA Streamline K loan. How can I go about finding a lender familiar with this type of mortgage?
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U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update3) (Bloomberg.com)
Sept. 5 (Bloomberg) -- Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell.
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MAILBAG (Richmond Times-Dispatch)
Buying a second property and financing concerns Q:We are buying the house next door. We believe we are getting a great price, as it needs a lot of cosmetic fixing up inside. We are borrowing against assets. We will be trying to get the best rate on a standard home mortgage once the home is fixed up in a month. Can each member of a couple own their own "primary residence" in order to get an ...
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U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update1) (Bloomberg.com)
Sept. 5 (Bloomberg) -- Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell.
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Mortgage woes forcing out renters (The News Journal)
When landlords default, residents often get little notice
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Fannie, Freddie Capital Concerns Prompt Paulson Plan (Update1) (Bloomberg.com)
Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people with knowledge of the decision.
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Paulson to Take Over and Restructure Fannie, Freddie (Update5) (Bloomberg.com)
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend.
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