Archive for 'Real Estate'

Turning foreclosures into rentals

Turning foreclosures into rentals

NEW YORK (CNNMoney) — Federal officials hope to launch a pilot program in early 2012 to convert government-owned foreclosures into rental properties. The program, which was cited by Federal Reserve Chairman Ben Bernanke last week as [...]

FHA Loans: What 3.5% Down Can Buy in This Housing Market

FHA Loans: What 3.5% Down Can Buy in This Housing Market

In today’s Scrooge-like lending market, many borrowers are under the impression that they simply don’t have the balance sheets or resumes necessary to buy a home. But while it’s true that banks now hold borrowers to [...]

When Renters Get Snared in Foreclosure’s Web

When Renters Get Snared in Foreclosure’s Web

When homeowners fall into foreclosure, the consequences are dire. But when landlords run afoul of their lenders, it can be the tenants who suffer most. For New Yorker Ingrid Soto, her apartment building in the Bronx [...]

How to Get a Home Loan With Bad Credit

How to Get a Home Loan With Bad Credit

To easily snag a home loan, an applicant needs to be a “triple threat” — have an excellent credit rating, a large down payment, and low debt-to-income ratio with steady significant income. But even if you [...]

Houston Family Foreclosed On Through No Fault of Their Own

Houston Family Foreclosed On Through No Fault of Their Own

In the ever-widening foreclosure crisis, stories of families losing their homes from predatory lending practices, free-falling property values and modification scams are legion. But for one Houston couple, the reason for their foreclosure was entirely out [...]

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

WASHINGTON — A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told [...]

Paint Your House With Ads, Get Your Mortgage Paid

Paint Your House With Ads, Get Your Mortgage Paid

Startup advertising firm Adzookie has latched on to a high-profile way to publicize itself: by turning homes into massive billboards. [...]

America’s Most Expensive City

America’s Most Expensive City

Aspen, Colo. The lowest-priced single-family home on the market in Aspen is listed for $559,000. It’s located in a trailer park. Love to ski and have $48.5 million burning a hole in your pocket? Then a [...]