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Fending off home foreclosure: a playbook

By Paul Hagey, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-671158p1.html">Playbook image</a> via Shutterstock.

There are many actions borrowers can take before facing foreclosure. Many find solutions to their difficult situations by short-selling their homes or simply walking away, an option the Obama administration's Making Home Affordable program makes slightly easier by paying $3,000 to borrowers for relocation costs.

Those looking to avoid foreclosure have ample and growing resources, including:  more...

Taking a stand against foreclosure

By Paul Hagey, Friday, April 6, 2012.
Tanya Dennis rallies support for a homeowner in front of a San Francisco Bay Area bank branch. <i>Photo courtesy of Brooke Anderson. Copyright 2012</i>

On a clear, unseasonably warm day in early February, Tanya Dennis led about 30 people in a demonstration outside of a bank branch in Oakland, Calif. Dennis and the group were there in support of 77-year-old Katie Mitchell and her family, who had entered the bank minutes before to request a modification of her home loan.

Dennis hadn't planned to be an advocate or an inspiration for San Francisco Bay Area homeowners facing foreclosure, nor did she want to be one a year ago.  more...

Atlanta suffers triple economic whammy

By Steve Bergsman, Friday, April 6, 2012.
Atlanta, Ga., skyline. <a href="http://www.shutterstock.com/gallery-578401p1.html?cr=00&pl=edit-00" target=blank>SeanPavonePhoto</a> / <a href="http://www.shutterstock.com/?cr=00&pl=edit-00" target=blank>Shutterstock.com</a>

Earlier in the year, I had to be in Atlanta for a conference, and the venue was one of the grand hotels in the downtown area. Taking a break from all the talk, I took a walk toward the midtown area eventually stopping in front of Bank of America Plaza, which, at 55 stories, is the tallest building in Georgia.

"Nice building," I thought to myself and then moved on. The next day, I'm scanning the news on the Internet and read that the tower had entered into default.  more...

Decoding Fed-speak: Economy may require 'QE3' jolt

By Lou Barnes, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-127759p1.html" target=blank>Economic jump-start image</a> via Shutterstock.

Since mid-March, markets have assumed a better U.S. economy, moving to self-sustaining ground, with the 10-year Treasury note spiking from 2 percent to 2.35 percent, and mortgages up almost the same amount.

The primary basis for the improved attitude: the Fed's announcement in March that a third round of quantitative easing ("QE3") was on hold.  more...

Home search iPhone app helps agents connect with buyers

By Inman News, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-709726p1.html">Real estate app image</a> via Shutterstock.

In February, Cre8tive Apps launched House Hunter: My Agent, a version of its previously released House Hunter app. The new version allows real estate agents to connect with prospective homebuyers. The My Agent version of the app costs an agent $15 a month. In exchange, agents can offer the app, which is branded to their business, for free to an unlimited number of clients.

Currently the app is available only for iPhone but the company is working on an Android version, which is expected to be available by the end of June, Taylor said. Users of the agent version of the app can see that agent's contact info upon opening the app; agents can share contact details for email, Facebook, text messaging and their website that the user can access while browsing real estate listings.  more...

Postwar 'crackerbox' look was no accident

By Arrol Gellner, Friday, April 6, 2012.
Flickr image courtesy of <a href="http://www.flickr.com/photos/pinkmoose/505038633/" target=blank>PinkMoose</a>.

"Crackerbox." That's only one of the unflattering names we've given postwar tract houses thanks to their thin, flimsy look. Funny thing is: Most of these houses are actually better built than their predecessors. Why do they look so insubstantial?

The single biggest reason comes down to a tiny little difference -- in fact, it's just a matter of a few inches. Prior to World War II, wooden windows were installed slightly recessed from the wall surface, leaving a visible recess or "reveal" showing all around. This simple feature provided a subtle visual cue that the surrounding wall had mass and thickness.  more...

Northeast real estate brokerage rolls out online marketing system

By Inman News, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-195277p1.html">Real estate data image</a> via Shutterstock.

Devon, Pa.-based Prudential Fox & Roach, Realtors has launched a digital marketing system it hopes will increase online visibility for its real estate listings.

The system includes the following features, according to the company:  more...

Fed OKs banks as landlords

By Inman News, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-638650p1.html">For rent and REO sign image</a> via Shutterstock.

The Federal Reserve won't stand in the way if banks it supervises want to rent out homes they've repossessed, as long as it's part of "an orderly disposition strategy" to get foreclosed properties off their books "at the earliest practicable date."

Given "the extraordinary market conditions that currently prevail," the Fed said it will not require that lenders demonstrate "continuous active marketing" of real estate owned (REO) properties if they decide that it makes more sense to rent them out than sell them at a loss.  more...

10 home maintenance tips for spring

By Paul Bianchina, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-786385p1.html" target=blank>Man cleaning gutter image</a> via Shutterstock.

The sun is peeking out and the plants are starting to blossom, so it must be about time for spring chores again. Here's my annual spring checklist of important issues to tend to around the house.

Roofing repairs: If you suspect winter storms may have damaged your roof, it needs to be inspected. (If you're not comfortable with the height or steepness of your roof, hire a licensed roofing contractor for the inspection.) Look for missing or loose shingles, including ridge-cap shingles.  more...

Landlord shames tenants by posting offenses online

By Janet Portman, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-78491p1.html" target=blank>Man shamed image</a> via Shutterstock.

Q: Our landlord has begun posting the names of tenants who violate the "house rules" on the property's website. For example, people who park illegally or get talked to by management for excessive noise get listed (so do those who pay rent late). He claims it's a way to encourage compliance and it will make the property a safer and cleaner place to live. I think it's an invasion of privacy. Is it legal? --Betsy B.

A: Perhaps your landlord has recently revisited a classic from his childhood, "The Scarlet Letter," and wants to see if websites are as effective as letters sewn onto a dress. Or maybe he's heard about California's new law, which took effect in January 2012, that makes employers who willfully misclassify workers as independent contractors (when they should be classified as employees) put a statement on their company website or in the workplace, for a year, saying that they violated the law (see California Labor Code Sections 226.8 and 2753).  more...

Need more time for taxes? File an extension

By Stephen Fishman, Friday, April 6, 2012.
<a href="http://www.shutterstock.com/gallery-87200p1.html" target=blank>Tax forms image</a> via Shutterstock.

Your income tax return is due April 17 (you get two extra days this year). If you can't finish it by then, don't panic. You can get an automatic extension to file your return by Oct. 15, 2012.

However, obtaining an extension of time to file your return does not extend the time you have to pay any taxes due the Internal Revenue Service. Your tax payments (if any) are still due on April 17. So, if you do owe the IRS money, you'll need to estimate out how much and pay the amount before April 17. If you pay late, you'll be charged interest and possibly penalties as well.  more...

 
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