Q: I used your website to connect with one of your certified loan providers. While I provided in a timely manner all the documentation they asked for, the lender did not close within the lock period and is now asking me for $1,000 extra to cover a rate lock extension. The lender says that the holdup was due to the property appraisal not getting done on time because of a shortage of appraisers in Oregon, where I live, and that this was outside of their control. What is your advice in this situation?
Q: Back during the real estate bust, we fell behind on our mortgage and worked with our lender to get a loan modification. The lender added the delinquent amount to the end of the mortgage. Now, almost 10 years later, we have retired and are looking to relocate to a smaller house. Although our home's value has increased, we still are "underwater" on the mortgage due to the modification. We contacted our bank, but we were told that there was no help for our fairly unique situation. There's nothing we can do?
The request would have decreased retail space requirements from 60,000 square feet to 10,000 square feet; increased proposed office space minimums from 20,000 to 70,000 square feet; and allowed the developer to build five stories of condos on top of first-floor commercial units.
LOS ANGELES - The Los Angeles Times building in downtown Los Angeles has sold to a Canadian developer, paving the way for the redevelopment of a historic property the paper has called home since 1935, according to a person familiar with the deal who was not authorized to discuss it publicly.
Q: I had hurricane shutters installed in 2000 and received a large discount on my homeowner's insurance. Recently, the insurance company decided to leave Florida. I had a wind-mitigation inspection before getting a new policy, but I did not get the credit because I could not find the certificate stating the wind resistance of the shutters. The company that installed them is long gone, and a call to the county was fruitless. This is costing me a lot of money. Is there anything I can do?
The food market closest to my home recently went out of business and was replaced by a supermarket chain. In most respects, the new store is an improvement over the one it replaced, except for one thing: Its pricing system is permeated by buy-one-get-one-free offers.
Trulia, the real estate search engine, does some interesting studies off the news. One of the latest focused on homeownership, and the fact that the percentage of American adults owning houses has fallen to a 51-year low.
The town is nearing the end of the years-long process of revising its land development ordinance. The proposed changes would bring the land Duke Energy has purchased in line with the zoning designation required to build a substation there.
After 18 years in business, Tir Na nOg Irish Pub will close its doors in downtown Raleigh on Sunday, November 22, 2015. The 8000-square-foot restaurant will be leased to its neighbor Bida Manda. Plans are underway to open a brewery, dim sum restaurant, florist shop and bookstore in the space next year.