More People Are Looking for Month-to-Month Rentals. Should You Offer Them on Your Property?

Aly Yale – Millionacres – Thursday, September 24, 2020 For those in the market (or at least hoping to be soon), signing a long-term lease just doesn’t make sense. People need the flexibility to move quickly should a suitable house hit the market, and your traditional 12-month agreement doesn’t allow for that. There’s no doubtContinue reading “More People Are Looking for Month-to-Month Rentals. Should You Offer Them on Your Property?”

Avoiding Foreclosure

AVOIDING FORECLOSURE There are a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their monthly mortgage payments. The majority of these programs are administered through the U.S. Treasury Department and HUD. This page provides a summary of these various programs. Please continue reading in order to determineContinue reading “Avoiding Foreclosure”

HUD NEWS U.S. Department of Housing and Urban Development – Ben Carson, Secretary Office of Public Affairs, Washington, DC 20410                        HUD No. 20-136                                                                                                                     FOR RELEASE Public Affairs                                                                                                                          Monday 202-708-0685                                                                                                                           August 31, 2020 HUD.gov/press HUD SECRETARY BEN CARSON HOSTS AFFORDABLE HOUSING ROUNDTABLE AND VISITS HABITAT FOR HUMANITY IN NORTH CAROLINA CONCORD, N.C. — U.S. HousingContinue reading

‘We Could be Living in the 1890s’: How Housing Discrimination is Still Perpetuated Today

Brenda Richardson – Money.com – Monday, August 24, 2020 More than a half century after its passage, a landmark law promoting residential integration is being undermined by political attacks. Intended as a follow-up to the Civil Rights Act of 1964, the Fair Housing Act was signed by President Lyndon Johnson on April 11, 1968, daysContinue reading “‘We Could be Living in the 1890s’: How Housing Discrimination is Still Perpetuated Today”

How does owner financing work? What homebuyers and sellers need to know

Erik J. Martin – Bankrate – Thursday, August 20, 2020 Buying or selling a home can be a complicated process. Sometimes, homebuyers have trouble qualifying for a mortgage. Other times, sellers yearn to cut through the red tape and net potentially more profit.The solution for both may be owner financing. Although not very common today,Continue reading “How does owner financing work? What homebuyers and sellers need to know”

Reverse mortgage pros and cons

Peter G. Miller – Bankrate – Wednesday, August 19, 2020 Reverse mortgages have become more attractive as a result of low mortgage rates, which have given homeowners the ability to access more of their home’s equity, even if its value hasn’t considerably gone up. In a reverse mortgage, this ultimately makes more money available toContinue reading “Reverse mortgage pros and cons”

Month-To-Month Lease??

A month-to-month lease is a contract between the landlord and tenant that establishes tenancy with no scheduled end date. Instead, either the landlord or tenant may terminate the contract at will, as long as proper notice is given. Most state or local laws require either 30, 60 or 90 days’ notice, but the lease agreement will specify.Continue reading “Month-To-Month Lease??”

What Do You Think?

OPINION: We’ll Protect America’s Suburbs We reject the ultra liberal view that the federal bureaucracy should dictate where and how people live. By President Donald Trump and HUD Secretary Ben Carson August 16, 2020 https://on.wsj.com/2Eb6mKR The crime and chaos in Democrat-run cities have gotten so bad that liberals are even getting out of Manhattan’s UpperContinue reading “What Do You Think?”

CoreLogic Reports Doubling in Delinquent Mortgages

The surge of mortgage delinquencies expected in the wake of the pandemic has apparently begun, and the numbers are stark. According to a report released today (Aug. 11) by CoreLogic (NYSE: CLGX), 7.3% of U.S. residential mortgages were in some state of delinquency — ranging from 30 days past due to already in foreclosure —Continue reading “CoreLogic Reports Doubling in Delinquent Mortgages”

Initial Forbearance Periods are Ending; Here’s What to Do Next

Jul 21, 2020 by Aly J. Yale The CARES Act threw property owners a bone back in March, allowing for up to 180-day forbearances on government- and GSE-backed mortgages. But it’s now been months, and for many, those initial grace periods are starting to expire. If you’re in this boat, that means two things: First, mortgage payments will begin toContinue reading “Initial Forbearance Periods are Ending; Here’s What to Do Next”