News about properties and real estate
Joshua Bahoff bought a three- bedroom luxury condominium in Naples, Florida, in December for $235,000, about one-third of the price that the seller paid near the height of the U.S. housing boom. "It was a great deal," said Bahoff, 59, a Philadelphia dentist who plans to spend one week a month every winter in the …
Continue reading “Naples Rises From Florida Housing Swamp as Wealthy Buyers Return”
I bought a house over a year ago with a balloon loan that comes due later this year. I had to get this loan because I cosigned a loan for a friend and she missed some payments. At the time, this was the only loan I could get. After I closed on my loan, my …
How long must you wait to buy a new home if you have a foreclosure or short sale in your credit history? New rules from Fannie Mae spell it out, and the news is not good for short sellers. “Time periods for securing a new home loan after a short sale can be as long …
My plan for retirement is to spend our entire nest egg over the next several decades and then die promptly at 100. Well, almost the entire nest egg. We’ll still have our house. It’s recently occurred to me that we won’t actually need our house anymore when we’re dead. Many people are fine with this …
Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco. “We wouldn’t have even considered it,” Greg Kraus, head of acquisitions at the Dallas-based …
Continue reading “Apartment Investors in U.S. Not Scared by Vinyl Siding in Search for Yield”
Things have been pretty bad in the mortgage business for the last three years. So, Phyllis Taylor found her paychecks getting slimmer. Taylor, who works for a mortgage firm, could no longer afford her mortgage. She thought she might have to sell her house in Chesterfield and move to something cheaper. Instead, she took out …
Continue reading “Reverse mortgages offer benefits, pitfalls”