(Reuters) – Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data.
The surge in church foreclosures represents a new wave of distressed property seizures triggered by the 2008 financial crash, analysts say, with many banks no longer willing to grant struggling…
While home additions such as an outdoor deck or a garage can instantly add resale value to your home, other types of home additions are made simply to satisfy the current homeowner.
Home additions that require construction may also require a permit. Permits are the way a state regulates construction practices within its jurisdiction.
The home upgrades and additions that may not require a…
The U.S. Department of Housing and Urban Development (HUD) announced on February 27 that mortgage insurance premiums on FHA loans are set to rise starting April 1, increasing the cost of these mortgages to all new purchase and refinance borrowers.
Lenders say that borrowers who can qualify for conventional financing may actually find the monthly payments are lower (even if they must…