According to the national Realtor association home sales are up 17.4% in the last two months. –quote– November home sales leap – NEW YORK (CNNMoney.com) — After surging 10% in October, sales of existing homes jumped again in November, growing 7.4% compared with October to an annualized rate of 6.54 million units, according to the [...]

We are planning to buy a foreclosure and want to renovate it. The cost of house is between 300-310K and the cost of renovation will be around 30K. We are first time home buyers but we are going to put 20% down payment. We will still be having some money for the repairs and renovation. [...]

A friend of mine just lost her husband due to heart attack; he purchased home in 2007 in his name and wife was not on title or mortgage loan; they have been married for 5 years and live in Arizona which I believe is a community property state. The home now has negative equity compared [...]

Kommercni Banka, owned by Bank Paribas, revealed that over 70% of its 2006 profits were generated from fees on accounts and loan review, whereas less than 30% were from the performance of loans and other financial instruments. In Hungary, banks routinely charge a minimum €1 fee when making a deposit to your account, as well [...]

My boyfriend and I are wanting to purchase a house around $70,000. When I figure our income and dept to income ratio I come up with that we can afford a house over $110,000. (But we are set on the house at $70,000) However, I have very low credit (mistakes I made a few years [...]

Here’s a fascinating story from The Wall Street Journal: "Despite the downturn of the mortgage market, a type of home loan has remained surprisingly sturdy: one extended to illegal immigrants….For loans more than 90 days in arrears, ITIN mortgages have a delinquency rate of about 0.5%, according to independent estimates. That compares with 1% for [...]

Me and my wife are going through an amicable divorce. We bought a house jointly 1 year ago while we were together but now that we’re getting divorced we are going to need separate residences. Our plan is to buy another home jointly now that housing prices are so low instead of one of us [...]

My wife and I have an adjustable rate mortgage through Bank of America for 4 years. We tried selling our house but the price we need to get to break even on our mortgage is the maximum value of the house. We can’t do a traditional refinance because we still owe too much principle compared [...]

Everyone seems to blame everything but Bush’s failed policies. Giving tax breaks to big corporations who in turn pay their CEO’s more. The Iraq war costs us 10 billion a month and we have a weak dollar compared to the rest of the world. All are Bush policies that have not helped our economic situation. [...]

So the closing is supposed to be in about a week. Good faith estimates calculates insurance already, do I have to go with what the mortgage company gives or should I be looking for my own and compare prices with what they have? How does this work. I think I need Flood, hazard and home [...]