Did you know that senior borrowers can use a FHA reverse mortgage to purchase a home, and as a result, have no monthly mortgage payments? For example, a 71-year old person could buy a home for $500,000, and be eligible for a $326,073 FHA HECM reverse mortgage....
Hat tip to both SM and RE for sending along the Wells Fargo announcement of neg-am bailouts. If principal reductions gain momentum (which is doubtful), the moral hazard would be hard to imagine - and it could start a revolution in the streets. From Eric...
More from our series on flooring - cork!
Hat tip to AL for sending along this link to this fascinating website of old-time aerial photos. You can plug in addresses, and see the same location over time: http://www.historicaerials.com/ Here's an example - Sea World, circa 1964, and 2005:
Wouldn't you think that local home sales should be sputtering right about now? Mortgage rates have sky-rocketed, relatively (now around 5%), and come on, it's the holidays - there can't be anyone buying homes, can there? Plus, with the homebuyer tax credit having...
This is brilliant - rather than regulate or bailout MERS, these three are pushing to cut them off. If lenders want to sell loans to Fannie/Freddie/FHA, they'll have to find another way to track them other than MERS, and pay recording fees every time they sell or...
Here are the costs, including installation parts and labor, in the order as seen in video: 1. Raw Bamboo = $15/sf 2. Natural Color (lighter) = $8-$10/sf 3. Carbonized (medium brown) = $8-$10/sf 4. Strand = $12-$13/sf
A modern house on view property with 3,800 SF of living space and a 925 SF detached garage. Primary materials include concrete, steel, and glass. A concrete wall up to twenty-four feet high organizes the site and the house: the garage, entry and service spaces are...
