News about properties and real estate
Association must lien and foreclose to get unpaid fees Question: I have three condominiums in different locations. One is paid for, which is my residence, and the other two are rentals that are upside down with the current real estate market. I stopped paying the mortgages and HOA dues on the rentals two months ago. …
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Mortgage-aid plan limping along Struggling homeowners were given hope when a federal housing initiative to help millions avoid foreclosure was announced by President Barack Obama in Mesa four months ago. The key part of the $75 million Making Home Affordable plan was a loan-modification program that compensated lenders for lowering the mortgage payments of borrowers …
Lenders’ latest foreclosure strategy: waiting Across Florida, tens of thousands of foreclosed homes are being left in limbo, between homeowners who have abandoned them and banks that have not yet taken possession of them. Over the past year, banks and other lenders have canceled up to 50 percent of foreclosure sales in some parts of …
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4 families rebuilding finances post-foreclosure Even after a sheriff’s sale, the financial and emotional strains that surround a foreclosure are rarely over. For the past six months, the Associated Press has followed four families who lost their homes in the past year. Three of them are regaining their financial footing, but one has sunk deeper …
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First-time homebuyers want to take advantage of tax credit in 2009 Q: My husband says we can get that first-time homebuyer tax credit, $8,000, for any house we buy this year, whether it’s new or old. I said I’d double-check. Is that for sure? — L. A: The tax break isn’t quite this year. You’d …
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Homeowner-association dues are not optional Thousands of Americans who have generally kept up with their mortgages are still in danger of losing their homes because they made a fateful trade-off in this shaky economy — they let their homeowner-association dues slide. Many homeowners are learning to their surprise that condo and neighborhood associations that oversee …
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