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?

Local

New home care services for seniors coming to Lancaster County

The Lancaster County Chamber of Commerce will assist Home Helpers Homecare & Direct Link with their official Grand Opening and ribbon-cutting on Monday, August 1, 2016 at 3 pm. Lancaster County government officials and City officials will be present and will assist with the celebration. Home Helpers Homecare offers companion care, personal care, medical Care, Alzheimer and dementia care among other services.

Videos

Video: Rock Hill versus Gaffney highlights

Highlights as the Bearcats fell to the visiting Indians in a 30-20 contest District Three Stadium.
Video: Rock Hill versus Gaffney highlights 4:24

Video: Rock Hill versus Gaffney highlights

Video: South Pointe versus Ridge View highlights 4:19

Video: South Pointe versus Ridge View highlights

Kirk Herbstreit on Sloppy Body and Clemson 0:35

Kirk Herbstreit on Sloppy Body and Clemson

Lake Wylie resident protesting 0:57

Lake Wylie resident protesting