Real Estate News

Real Estate News

The Mortgage Professor: If you need a mortgage, you need an appraisal

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?

Real Estate News

Real estate Q&A: How to deal with an 'underwater' mortgage

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?

Real Estate News

LA Times building sold to Canadian developer

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.

Real Estate News

Real estate Q&A: Insurance discounts tied to quality of shutters

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?

Videos

Tir Na nOg says goodbye

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.
Travis Long tlong@newsobserver.com
Tir Na nOg says goodbye 1:41

Tir Na nOg says goodbye

Wendell Falls project back on track 0:42

Wendell Falls project back on track

Hot hotel lobby jams with Michael Cleveland 3:26

Hot hotel lobby jams with Michael Cleveland

Durham triathlete in Kona Hawaii Ironman 1:06

Durham triathlete in Kona Hawaii Ironman

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