Highlights
A collection of news and information related to Federal Housing Administration published by this site and its partners.
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Deal bolsters prospects for stalled marina project
A stalled residential marina development in Blue Island has been purchased by a south suburban company that built its name rehabbing foreclosed homes. Tinley Park-based Mack Cos. acquired 27 acres at Fay's Point, on a peninsula between the Cal-Sag...
Tags: Condos and Houses, Realty, Broadway Theater, Finance, Foreclosures
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Sellers: How to get the most for your house
Receiving five offers in 48 hours for my parents' former home bowled me over, especially considering the real estate market we all just barely lived through. And these weren't just offers; they were great offers for the four-bedroom ranch house I grew...
Tags: Real Estate Sellers, Homes
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FHA financing attracts larger pool of buyers
Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...Tags: Real Estate Buyers, Mortgages, Services and Shopping, Condos, Real Estate
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Lifestyle is keeping budget goal out of reach
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...Tags: Fannie Mae, Mortgages, Politics, Personal Finance, Pension and Welfare
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Hispanic homebuyers a driving force in housing
First-time buyers make the housing wheel go 'round: As they segue from renting to owning, they set off the sequence of move-up purchases that, in theory, will help the overall market get well. These days, Hispanic consumers seem to be pushing that wheel...
Tags: Fannie Mae, Foreclosures, Social Issues, Rentals, Mortgages
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Buying foreclosures requires patience, and a little more money
It's still possible to buy a foreclosure and make it the home of your dreams. It's just harder these days. Investors, both individuals and national corporations, are rushing into the market with the intent of turning foreclosed properties into cash-...
Tags: Finance, Foreclosures, Property, Economy, Business and Finance, Fannie Mae
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Start early on shaping next year's budget
Quick question for community association volunteers: When does budget season begin and end? If you have prepared an annual budget, perhaps while on the board or finance committee, you know that preliminary meetings usually take place in late summer or...Tags: Fines, Finance, Economy, Business and Finance, Budgets and Budgeting, Punishment
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Kevin Hunt: Is This A Federal Reverse-Mortgage Offer Or A Scam?
The Hartford CourantThe successful scam letter looks authentic. But what happens when an authentic offer looks like a scam? Shirley Stewart of South Windsor recently received a multi-color form letter — the old style, U.S. Postal Service type — inviting her...Tags: U.S. Postal Service, U.S. Department of Housing and Urban Development, South Windsor, Mortgages, Homes
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Make sure estate plan for son is trust-worthy
Q: I put my estate in a trust. I would like to make sure that I understand everything correctly. I am leaving my house in the trust to my son. I was told that when I die the trust prevents probate. I want to make sure that when I go my son will just...Tags: Finance, Economy, Business and Finance, Rentals, Washington, DC
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Condo living: The untold story
Matthew Gordon Lasner is the official biographer of the condominium. (Well, as official as these things get, anyway.) Several years ago, the assistant professor of urban affairs and planning at Hunter College in New York became curious about how condo...Tags: Miami (Miami-Dade, Florida), Marketing, Rentals, Manhattan (New York City), Condos
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Condo owner wants to sell foreclosed unit
Q: How can I sell my condo unit that is under an order of possession by my association? The association is renting the unit to recoup what I owe them. The unit is also in foreclosure, although there is no foreclosure sale date set. Based upon sales...
Tags: Interior Policy, Chicago Mortgages, Mortgages, Housing and Urban Planning, Politics
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New FHA rules loosen association requirements
Greater numbers of condominiums now qualify for mortgage financing insured by the Federal Housing Administration. That's because this month the U.S. Department of Housing and Urban Development, which oversees the FHA, loosened its requirements for...
Tags: Credit Ratings, Chicago Mortgages, Mortgages, Services and Shopping, Financial and Business Services
May 17, 2013
|Column| Chicago Tribune
May 17, 2013
|Column| Orlando Sentinel
May 10, 2013
|Column| Chicago Tribune
Apr 26, 2013
|Column| Los Angeles Times
Apr 12, 2013
|Column| Chicago Tribune
Apr 5, 2013
|Column| Chicago Tribune
Mar 29, 2013
|Column| Chicago Tribune
Jan 14, 2013
|Column| Hartford Courant
Nov 29, 2012
|Column| Chicago Tribune
Dec 21, 2012
|Column| Chicago Tribune
Oct 4, 2012
|Column| Chicago Tribune
Sep 27, 2012
|Column| Chicago Tribune
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