Tennessee Becomes 35th State To Restrict Home Resale Fees

Seeded on Tue Jul 5, 2011 3:41 PM EDT ()

Governor Bill Haslam has signed SB 1845 and HB 1644 to restrict Wall Street Home Resale Fees (also known as “private transfer fees”). SB 1845, sponsored by Senator Lowe Finney (D-Jackson) and HB 1644, sponsored by Rep.

business, transactions, taxes, real-estate, fees, home-resale-fees

Foreclosure Notice Bill Sees Little Change

Seeded on Tue May 31, 2011 5:31 PM EDT (The Memphis Daily News)

The law in Tennessee governing how many times lenders have to run a newspaper notice before they can foreclose on a property won’t be changing too much after all. Lawmakers this month appeared to have coalesced around a compromise proposal of reducing the frequency of t …

business, homes, real-estate, foreclosures, mortgage-defaults, tn-foreclosure-bill

Mortgage company urges plan for principal cuts

Seeded on Fri May 20, 2011 11:41 AM EDT (Reuters)

American Home Mortgage Servicing, one of the largest servicers of subprime mortgages, is urging the U.S. Treasury to organize a plan to boost principal reductions for up to one million homeowners by unlocking loans from securities.

business, mortgages, american-home, american-home-mortgage-servicing, mortgage-principal

Real-estate nightmare looms for retirees Robert Powel

Seeded on Tue May 17, 2011 6:16 PM EDT (MarketWatch.com)

Five short years ago, many learned men and women warned Americans against thinking that rising home prices would eliminate or lessen the need for them to save for retirement.

business, homes, real-estate, retirement, retiring, real-estate-market

After 50 years of decline, household size is growing

Seeded on Mon May 9, 2011 12:19 PM EDT (USA Today)

Average household size is inching up in Florida (2.48 persons per household vs. 2.46 in 2000) and has stopped declining in Tennessee (2.48), according to the first wave of detailed data on 12 states and the District of Columbia.

homes, kids, parents, houses, home-garden, boomer-rang-kids

US Housing & Real Estate: Homeowners Drowning in Negative Equity

Seeded on Mon May 9, 2011 12:08 PM EDT (CNBC Top News and Analysis)

If you have no desire or need to sell your home, then falling home prices are just on paper and likely temporary, right? Depends on how you look at it. Falling home prices put more borrowers in a negative equity position, that is owing more on their mortgage(s) than their hom …

business, homes, real-estate, real-estate-market, negative-equity

Freddie: 75% Of Mortgage Refinancers Maintained Or Cut Debt In 1Q

Seeded on Thu May 5, 2011 5:20 PM EDT (Wall Street Journal)

Three-fourths of homeowners who refinanced their mortgage in the first quarter either maintained their principal balance or reduced it by paying extra money at the closing table, Freddie Mac (FMCC) said Thursday.

business, homes, mortgages, finances, foreclosures

Deutsche Bank Sued by L.A. for Evicting Low-Income Tenants

Seeded on Wed May 4, 2011 1:16 PM EDT (Bloomberg.com)

The lawsuit comes a day after the U.S. Department of Justice sued the German bank for more than $1 billion, claiming it lied while arranging federal insurance on faulty mortgages.

business, deutsche-bank, federal-housing-administration, los-angeles-city-attorney, forecloaures

Banks want to reduce public notice for foreclosures

Seeded on Wed Apr 27, 2011 3:41 PM EDT (The Nashville Tennessean)

Bankers are trying to cut how much public notice is required before they can foreclose on homes, drawing fire from an assortment of activists, lawyers and open-government groups.

business, foreclosures, real-estate-market, distressed-properties, tennessee-foreclosures

What Home Inspectors Don't Notice - Yahoo! News

Seeded on Wed Apr 27, 2011 3:31 PM EDT (Yahoo! News)

Mice, mold, and leaking bathtubs are among the last discoveries home buyers want to make after moving into a new home. But that's exactly what a client of Oakland, Calif.-based financial planner Cathy Curtis found shortly after closing.

business, real-estate, home-buying, home-inspectors, home-inspections

BofA CEO Moynihan: Some People Shouldn't Think Of Their Home As An Asset

Seeded on Thu Apr 14, 2011 1:56 PM EDT (The Huffington Post)

U.S. homeowners may need to look elsewhere for long-term investment returns as housing prices in some areas may not rebound long-term, Bank of America Corp Chief Executive Officer Brian Moynihan said on Tuesday.

business, homes, bank-of-america, investments, real-estate-investing, real-estate-market