Hawaii condominiums to be auctioned-off
Forty new Hawaii condominiums are being auctioned to the peak bidder featuring comfortable lanais constructed to capture the cool cross wind breezes of Hawaii. The Kona Island condos are being auctioned with bids from as low as $99,000, which would be a main rob for a holiday home in the Aloha State.
Are Sharon Stone’s basic instincts on the money?
Movie actress Sharon Stone has re-listed her home in Beverly Hills for $8.995 million that is the unchanged price she listed her house at in May 2008, more than three years ago. Dear Stone: average prices in Beverly Hills have dropped 40.5 percent since May 2008, as DataQuick suggests.
Jumbo mortgage limits will expire on October 1
The superior conforming mortgage limit for loans insured or provided by the government will expire on October 1, as three congressional staffers announce, but another opportunity to extend them will take place later this year.
Mortgage defaults filed against the largest number of homeowners in August
Mortgage defaults were filed against the largest amount of homeowners in over four years in August for the first time since foreclosures increased for the month, RealtyTrac reports.
Mortgage interest rates fell to new record lows
Mortgage interest rates fell to new record lows ever over again this week reaching a median 4.09 percent on the 30-year fixed rate mortgage, Freddie Mac reveals. Nevertheless numerous homeowners apply for refinances, and home purchasers get mortgages for acquisitions hit even lower mortgage rates.
The most expensive mobile home sold at $2 million
A mobile home from Paradise Cove mobile home park in Malibu have been recently sold for $2 million – cash. Being listed in the spring this year for $2,550,000, the 2,330-square-foot mobile home was the most expensive double-wide in The U.S.
Mortgage interest rates driven to new record lows
Mortgage interest rates driven by the record low Treasury bond yields to new record low levels set by banks and other mortgage lenders early Tuesday. Treasury prices dropped in early morning trading in New York as investors focused on yesterday’s ten-year note sale.
Loan limits on jumbo mortgages will not affect rates
Credit constraints on jumbo mortgages are planned to be slashed being a result of modifications required in the Housing and Economic Act of 2008. Nonetheless, the impact is likely to be restricted by numerous lenders.
Consumers group asks for home buyer federal tax credit
A consumer advocate’s group is insisting on the Congress of the U.S. to adopt a huge home buyer federal tax credit in an attempt to re-strengthen sales of the housing properties and stabilize residential estate markets.
Woman stares down a foreclosure on $1 house
Everybody knows the sequence of events of the housing crisis: back in the go-go days of the housing boom, someone acquired a home he or she could not really afford, financed it with an “original” mortgage and proceeded to utilize the place like a piggy bank, on the scheme that home values would stay forever high somewhere in the stratosphere. After that the housing booming market crashed, the payments came due and at the present many of those property holders are facing foreclosure.
