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Dow gains 32 points despite poor employment, foreclosure reports - Los Angeles Times
Wall Street breathed a sigh of relief Friday as most stocks rose in the face of a lousy August employment report and dismal mortgage foreclosure data. After falling 150 points in the first two hours of the session, the Dow Jones industrial average ...

Welcome to your dream home (some assembly required) - Chicago Tribune
Unlike a lot of buyers of newly-constructed houses, Kaye and Peter Hathaway didn't want everything to be spotless and shiny when they took possession of their Island Lake home. In fact, they didn't want it to be finished. And it wasn't. When they ...

Home Front: Analyst sees a leveling in Sacramento County mortgage ... - Sacramento Bee
Foreclosures are still rising in the region, meaning the supply of bank-repossessed homes will grow for at least another year. But are the number of defaults finally beginning to level off? Yes, says Alexis McGee, president of Foreclosures.com, a ...

TRICKY CHARLIE'S CARIB 'HIDEAWAY' - New York Post
For 20 years, Harlem Rep. Charles Rangel has owned a beachfront villa in a sun-drenched Dominican Republic resort, yet has only sporadically declared income on the property in federal filings. While the villa was rented to paying guests for the past ...

Oops: Rangel's $75,000 of Unreported Income - Gothamist.com
What a week for Representative Charles Rangel! On Sunday, the House's Ways and Means Committee was on the cover of the NY Post , which said rental income from his Dominican Republic villa was not reported to the IRS in 2006 and 2007. Today, he's back ...

The buck stops - Guardian Unlimited
It is becoming difficult not to feel sorry for Alastair Darling , the Norman Lamont of our day. He inherits and gets blamed for a grim set of economic problems, not of his own making; he indulges in a bit of honesty with a Guardian journalist in his ...

Homebuyers turn screws on sellers - CNN Money
NEW YORK (CNNMoney.com) -- A rock-bottom price just isn't enough for buyers these days - it's a starting point. If the furnace is out of date, they'll demand a new one. Cracked driveways have to be repaved, and dirty carpeting torn out and replaced ...

How to unload a home after there has been a flood - Daily Territorial
Q: We relocated from Iowa in October 2007 because the buyer of our house was all set to close. But after we had moved, the deal fell through. We’ve had no luck selling the house and cannot rent it to cover the house payment. Now we are dealing with ...

Housing market still struggling, but Palm Beach County July home sales ... - Fort Lauderdale Sun-Sentinel
Sales of existing homes increased in Palm Beach County last month, but don't call the moving company just yet. Responding to deep price cuts, buyers scooped up 652 houses in July, up 8 percent from 605 a year ago, the Florida Association of Realtors ...

Price cuts generate more Broward County home sales in July - Fort Lauderdale Sun-Sentinel
Responding to deep price cuts, buyers scooped up 581 houses in July, up 4 percent from 559 a year ago, the Florida Association of Realtors said Monday. The median price of $303,600 decreased 19 percent from $373,700 a year ago. The sales surge was ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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