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Feb 23,2007
The volume of home sales are edging upward, signaling an improving prognosis for the home selling market in 2007. This is good news for home sellers and buyers and, of course, for real estate brokers and sales personnel. It also bodes well with mortgage lenders and brokers, after experiencing tight times during the past year. In fact, our total economy will benefit from this positive trend. Pending home sales were up by 4.9 percent in ... [full story]
1304 times read - No comment posted

Feb 23,2007
Q: My ex-wife and I have been divorced for over two years. She refuses to sign a quit claim deed for her share of our marital home. Is there any way I can sell this house with her still listed as an owner on the title and the mortgage?A: If the judge awarded you the house in your divorce agreement, then you need to figure out how to refinance the property into your own name ... [full story]
1635 times read - No comment posted

Feb 23,2007
New homes in future years will remain about the same size, on average, but will vastly change and improve in comfort and sophisticated features. That's the finding of a study recently completed by the National Association of Home Builders. The pace of changes in new homes will be much faster over the next 10 years than in recent years, and buyers can expect that all homes will be significantly "greener" and more resource-efficient than today, ... [full story]
1194 times read - No comment posted

Feb 23,2007
A few weeks ago, I published a question from a reader concerning a mother who wanted to transfer ownership of her property to her son. Everyone signed off on the quit claim deed but the deed wasn't recorded to make it official until after the mother died.In response to that column, I received a letter from another reader who did a similar thing."When she was widowed, my mother immediately had a quit claim deed drawn ... [full story]
2881 times read - No comment posted

Feb 16,2007
Mortgage rates showed little movement this week, with the average 30-year fixed mortgage rate inching higher to 6.32 percent. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.33 discount and origination points.   30-year fixed rate mortgages held fairly steady this week, increasing from 6.31 to 6.32 percent. The average 15-year fixed rate mortgage popular for refinancing nosed up to 6.09 percent. On larger loans, the average ... [full story]
1595 times read - No comment posted

Feb 16,2007
Q: My mother passed away in December, 2005. She willed her commercial property to me and my three siblings. Her will contains a directive to sell the property. I'm the executrix and have power to decide when the property is sold. Do you have any advice on how I should handle this situation?  A: Why did your mother want you to sell the property? Did she believe it would be too much of a burden? Did ... [full story]
1091 times read - No comment posted

Feb 16,2007
Vacations produce a lifetime of memories. No matter where you go, you get to spend quality time with your friends, family and the people you care about. Many travelers realize this is priceless and have decided to investigate owning a vacation home or joining a destination club. According to the National Association of Realtors, vacation and investment-home sales both set records in 2005, with the combined total of second home sales accounting for four out ... [full story]
1583 times read - No comment posted

Feb 15,2007
Q: In a previous column, you advised that offering a deed in lieu of foreclosure is a last resort.Here's my situation: I'm current with mortgage payments, but I'm at the end financially and basically at my wit's end. I've tried to sell my property for over two years. I've consulted an auctioneer but he doesn't think I'll be able to sell the property. I can't rent the unit because it's in an owner-occupied building and ... [full story]
4200 times read - No comment posted

Feb 16,2007
If you’ve bought or sold a home recently, you know that being on either end of the transaction can be stressful. Buyers may be under pressure to find a home quickly, for example, if they are transferring to a new job from a different location. Sellers want to get the best price in the shortest amount of time. Working with a real estate agent can help make the process easier for everyone involved. And in ... [full story]
2041 times read - No comment posted

Feb 09,2007
Sperry Van Ness, one of the nation’s largest commercial real estate investment brokerage firms, has completed the sale of Clock Tower Plaza Village Square, a 10,245-square-foot shopping center, to Portland-based Denardis Group for $2.85 million -- a price that was $50,000 over the listed price.      Clock Tower Plaza Village Square recently sold for $2.85 millionThe property is located near Highway 126 at the Eagle Crest Resort at 7535 Falcon Crest Drive in Redmond, Oregon. Michael Baron of Sperry ... [full story]
3316 times read - No comment posted

Feb 09,2007
Mortgage rates dropped for the first time in two months, with the average 30-year fixed mortgage rate falling to 6.31 percent. This more than reverses the previous week's increase. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.31 discount and origination points.  The average 15-year fixed rate mortgage popular for refinancing sank to 6.08 percent. On larger loans, the average jumbo 30-year fixed rate plunged ... [full story]
1554 times read - No comment posted

Feb 09,2007
Q: My condominium association is often confused about voting rights. When does the board of directors vote on an issue? When do you need two-thirds or unanimous approval of the unit owners? I have a clear understanding of the bylaws, but is there an article on the subject so I don't have to play lawyer at every meeting?A: If you have a clear understanding of the bylaws you're far ahead of most people in condominium ... [full story]
1479 times read - No comment posted

Feb 09,2007
Proposal seeks 180,000 new rental vouchers and a record $1.6 billion in homeless assistance U.S. Housing and Urban Development Secretary Alphonso Jackson on Monday unveiled the Bush Administration's Fiscal Year 2008 Budget request, which seeks to expand record homeownership, promote affordable housing and assist homeless individuals and families. President Bush is seeking $35.2 billion for HUD, which represents a $1.6 billion or 4.5 percent increase over his proposed spending plan for FY 2007.   HUD Secretary ... [full story]
2196 times read - No comment posted



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