Today, there's less identity fraud and misrepresentation of income or employment to obtain a mortgage, mainly because of stricter validation criteria, says David Johnson, vice president of fraud and consortium solutions for CoreLogic, a provider of financial, property and consumer information. But other types of fraud are replacing those scams. Here are three:
Empty houses — those either awaiting foreclosure or where the owners have moved out for other reasons — might as well have a "kick me" sign on them. Actually, make that "vandalize me" sign.
An analysis over a 31-year period across 23 metropolitan areas compared the ownership benefits in terms of appreciation and interest deductibility and the costs homeowners incur with downpayment, taxes, insurance and maintenance. When it was assumed that renters reinvested any savings in rent (versus a higher monthly mortgage payment), maintenance and downpayment, renters had a greater portfolio than buyers in 91 percent of the areas examined. However, when the model allowed renters to spend any savings rather than reinvest those savings, 84 percent of buyers came out ahead.
For lots of people, running a bed-and-breakfast is a bunch of different daydreams rolled into one. Living in a beautiful old house off the beaten path. Meeting new and interesting people. Being the social hub of a small community. And, of course, getting paid for all of it.
Open House with major price reduction. Seller getting serious. Come check it out 11-1 today. 9465 Hidden Valley Place, Beverly Hills, 90210
Getting the week started off right, countering a multi million dollar deal. Keep your fingers crossed…
If you think you can't redo your loo because of money constraints, think again. Check out these beauties that are colorful, creative, contemporary and clean.