As part of its efforts to reduce the number of foreclosures on its books, the Bank of America is offering relocation payments of up to $30,000 to struggling homeowners to induce them to agree to a short sale. [...more]
A property in East Sussex, England, has just come onto the market, and it can make two very different claims to fame. The first is that the £2 million property, Crotchford Farm, used to be the home of A A Milne. He is of course the creator of one of the most famous bears in the world, Winnie the Pooh... [...more]
The majority of consumers fail to realize exactly what lenders will ask them about when it comes to applying for a mortgage loan, and as a result, many borrowers are shocked about some of the things that banks will ask of them. [...more]
A report in the Globe and Mail shows the average Canadian home now costs slightly more than a year ago, at $375,810. According to figures from the Canadian Real Estate Association, prices are 0.9% higher than a year ago. [...more]
Imagine a real estate investing niche fueled by society’s demand for higher education, then factor in a government unable to meet the housing demand, created by an endless drumbeat of “you’ve got to go to college or you’ll be a miserable failure in life” messages... [...more]
A London apartment at One Hyde Park has been put up for sale with a hefty price tag of £65 million, and so far it’s is one of only a few flats at the Candy & Candy development to come onto the open market. [...more]
Mortgages have become notoriously difficult to obtain, even among some of the most creditworthy borrowers, and lending standards are unlikely to be eased any time soon, according to Federal Reserve Chairman Ben Bernanke. [...more]
According to a recent study, when house hunting most Indians prefer to choose a previously owned property over a brand-new home. The survey by Track2Realty found three quarters of property buyers are currently in negotiations to purchase previously owned homes. [...more]
With all the sales of distressed homes at huge discounts, it’s no secret that builders are struggling to compete with them. But rather than sit their complaining and moaning, at least one national builder has decided to take advantage of the situation. [...more]
It's not the HARP 3.0 rumored to be in the pipeline, but the Responsible Homeowners Refinancing Act of 2012 would boost HARP 2.0 and provide additional refinance relief for households struggling to make the mortgage payment. [...more]
