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4000-square-foot ‘River House’ for sale for $ 199 (and an essay)Article from WMUR Manchester:Got $ 199? Know how to write a five-paragraph essay? A 4,000-square-foot home could be yours.

The Vevay, Indiana, home, known as the River House, sits along the Ohio River and features vaulted ceilings, a fireplace, jetted tubs and panoramic views of the river, according to a WPMT report.
All the owner wants is a 200-word essay and $ 199. The best essay will be selected by an anonymous panel of judges from Hanover College.
Each $ 199 payment will go toward an escrow account […] Continue Reading…

Mike Babcock’s Northville house might be for sale

August 17 , 2015 | | In: Home Buying

Mike Babcock’s Northville house might be for saleArticle from Detroit Free Press: Steve Schrader, Detroit Free Press 4:37 p.m. EDT August 17, 2015

Former Red Wings coach Mike Babcock listed and delisted his Northville Township home last week?(Photo: Tony Ding/AP)

Love it or list it?
Now that his kids have completed high school, former Detroit Red Wings coach Mike Babcock has decided it’s time to list it: His Northville Township house went on the market last week. Maybe.
The four-bedroom, 4,486-square-foot home on a private wooded lot was listed for $ 799,999 (U.S.) on Wednesday, according to realtor.com, but then delisted the […] Continue Reading…

Manatee a top Florida county for getting a home loan

August 14 , 2015 | | In: Home Financing

Manatee a top Florida county for getting a home loanArticle from Bradenton Herald:
Workers construct a home in Central Park, a community adjacent to Gullett Elementary School one of the county’s newest schools in Lakewood Ranch. The Manatee County school district is planning to work with the county to study the possibility of reinstating impact fees on new homes built in the district. GRANT JEFFERIES/Bradenton Herald

MANATEE — For more than a year, real estate agents and bankers have been preaching the power of the mortgage.
This is something old that is new again in an industry that saw money […] Continue Reading…

Celtics owner Wyc Grousbeck’s stunning house is for sale

August 13 , 2015 | | In: Home Buying

Celtics owner Wyc Grousbeck’s stunning house is for saleArticle from Boston.com:Boston Celtics owner Wyc Grousbecks’ estate at 79 Turkeyland Cove Road is for sale and features incredible ocean views.  [[SLIDE]]

August 12, 2015 2:16 PM
Boston Celtics owner Wyc Grousbeck has listed his Martha’s Vineyard estate for $ 22.5 million. The home, located on almost 30 acres of private land in Edgartown, offers plenty of privacy and beach access.
“It’s a remarkable home on an absolutely gorgeous setting,” said lis…………………continues on Boston.com
>>> Read the full article from the source

Sales of distressed properties fall in Rock River Valley; average home price […] Continue Reading…

Attractive mortgage terms draw first-time home buyers to credit unionsArticle from Washington Post: Teller Tranese Waugh helps a customer at Navy Federal Credit Union. (Jeffrey MacMillan/For The Washington Post )
By Kenneth R. Harney April 17
Want to buy your first home with little or nothing down and maybe get a refund on part of your realty agent’s commission?
Here’s one way: Consider joining a credit union that is aggressively growing its mortgage business. Credit unions have been expanding their presence in housing — more than quadrupling their share of total mortgage market volume in the past nine years, according to the […] Continue Reading…

Fannie Mae launches major first time homebuyer assistance programArticle from HousingWire:Having already begun buying mortgage loans that allow borrowers to put 3% down, Fannie Mae is launching a new program aimed at attracting more first-time homebuyers — by taking over that responsibilty as well.
Fannie Mae announced Tuesday the HomePath Ready Buyer program, under which qualifying first-time homebuyers can receive up to 3% of the purchase price of the subject property in closing cost assistance toward the purchase of a HomePath property.
On a $ 150,000 home, this could result in up to $ 4,500 in savings for the […] Continue Reading…

2 charged in $1.5M home-loan scheme

April 16 , 2015 | | In: Home Financing

2 charged in $ 1.5M home-loan schemeArticle from Toledo Blade:
Published: Wednesday, 4/15/2015 – Updated: 16 hours ago


A former Toledo real estate agent and a local mortgage broker have been indicted in U.S. District Court in a $ 1.5 million mortgage-fraud scheme.
Timothy R. Bradley, 40, now of Cary, N.C., and Martha Ednie, 53, of Toledo each were indicted on one count of conspiracy to commit bank fraud and multiple counts of bank fraud.
Four others, including Mr. Bradley’s parents and brother, previously were indicted on similar charges for their roles in a scheme in which fraudulent bank loans […] Continue Reading…

Why aren’t more houses for sale in Sonoma County? – Santa Rosa Press DemocratArticle from Why aren’t more houses for sale in Sonoma County? – Santa Rosa Press Democrat:Why aren’t there more houses for sale in Sonoma County?
It is a question homebuyers find themselves asking these days, with new listings at their lowest levels in six years.
The answer involves a combination of forces that are shaping the local housing market. Virtually no new homes are being built in the county. A glut of foreclosure properties left from the recession has been gobbled up by an influx of hungry buyers. […] Continue Reading…

SBI cuts home loan interest rate by up to 0.25%

April 12 , 2015 | | In: Home Financing

SBI cuts home loan interest rate by up to 0.25%Article from Economic Times:

Prices | Financials | Company Info | Reports
NEW DELHI: Matching its competitor HDFC Ltd, State Bank of India today announced a cut in Economic Times
>>> Read the full article from the source

How to tell if time is right to refinance home loanArticle from The Seattle Times:Getting a new loan makes financial sense if you are able to break even soon.
Interest rates on home loans are historically low. That means now is the time to dig out your mortgage paperwork and consider whether refinancing is right for […] Continue Reading…

Reaching the elusive millennial homebuyer

April 9 , 2015 | | In: Home Buying

Reaching the elusive millennial homebuyerArticle from Inman.com:
A wise man once told me “People don’t care how much you know until they know how much you care.” Taken a step further, people like to work with those they know, relate to and trust. Now that the next generation of homebuyers and sellers are coming to the forefront, how do you establish and build relationships with them?
More importantly, how do you bridge the gap between the mythical belief they have of who a “sales person” is and what you actually do? Simple: Show everyone the real you.
As a millennial in the […] Continue Reading…