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How to calculate adjustable-rate-mortgage reset

By Jack Guttentag, Monday, September 10, 2007.

In recent weeks, my mailbox has overflowed with messages of distress from borrowers faced with an imminent rate adjustment on their adjustable-rate mortgages (ARMs). Most of them want to refinance, but many of those who had earlier taken 100 percent loans are stuck. With the current softness in the housing market, they now owe more than their homes are worth. Lenders are strongly resistant to refinancing loans with balances exceeding property values.  more...

Is now a good time to buy a home?

By Dian Hymer, Monday, September 10, 2007.

Last year, the home sale market began to slow, causing many buyers to postpone buying hoping that prices would drop. In fact, in some areas and in some segments of the market, prices have declined. However, in high-demand markets like San Francisco, Austin and Seattle, prices increased compared to a year ago, particularly for upper-end properties.  more...

Without permits, home should be sold at discount

By Robert Bruss, Monday, September 10, 2007.

DEAR BOB: Recently I saw a newspaper article about work done on a house without a building permit. I have had much work done to my home without permits. When I sell the house, is this a case of "buyer beware"? Or could there be a problem with the building inspectors if the buyer wants to make a stink? My house now has more square footage than shown on the official county records. Would I be taking a risk if I mention my home's square footage? --Steve M.  more...

 
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