Sunday, September 18, 2005

Mortgage brokers, appraisers fueling foreclosure increases

ONN. Ohio News Now: Report: Mortgage brokers, appraisers fueling foreclosure increases: "Aggressive mortgage brokers and appraisers are contributing to the rising foreclosure rate in Ohio, where mortgages fail more than any other state, The Columbus Dispatch reported Sunday in the first part of a four-part series.
More than 59,000 foreclosure notices were filed in Ohio last year. In the first half of 2005, 3.3 percent of state home loans were in foreclosure, more than triple the national average, according to the Mortgage Bankers Association."
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A mortgage may be best on parental home loan

A mortgage may be best on parental home loan - baltimoresun.com: "A few years ago I lent my child a sizable down payment when she wanted to purchase a house. For her to benefit from the 'first-buyers' discount, we decided to put the house only in her name; however, my name also was on her mortgage. As the mortgage rates continued to drop, I paid off the house for her (to avoid the refinancing charge), and she has been paying me back monthly without fault. She has recently married, and we recognize that my name should be added to the deed. What steps and information do I need to achieve this? Thanks for your help. "
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Mortgage brokers climb the home lending ladder

Mortgage brokers climb the home lending ladder - Business - Business: "According to the Mortgage Industry Association of Australia, about 35 per cent of home loans are sourced through brokers, and that number is rising as potential home buyers are pressured by time and stress."
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Buying a Home with your 'Blended' Family in Mind

: "Money wasn't the issue. Nor was the love between the widow in her 40S who married the divorced man of the same age.
But their seven children -- whom they moved into a tony new $1.3 million house right after their wedding cake was cut -- simply couldn't get along. 'The kids virtually killed each other. It was such a disaster that the couple wound up getting divorced because of it,' says John Rygiol, the broker-owner of six independent real estate offices."
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When Your Crystal Ball Seems Foggy: How to Buy a Home

: "A vacation to a distant state was all it took to suddenly change one electrical engineer's carefully wired long-term housing plans. He and his wife, an administrative assistant for a big company, always intended to stay in their tan stucco house until their two kids took their diplomas at the venerable local high school.
But the family found themselves improvising when the father fell in love with the lush greenery of a golf course he played during a summertime trip. After the family realized they could easily afford a home just a few hundred feet from the curvaceous "
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