Real Estate

HGTV Dream Home Giveaway 2013 is located on Island in South Carolina

thumbnail of HGTV website

(Best Syndication News) - The house built for the 2013 HGTV Dream Home Giveaway is located on the East Coast in the vacation-getaway of Kiaway Island, South Carolina. The furnished new-construction home, a new GMC Acadia Denali, and $500,000 in cash are included in the 2013 grand prize sweepstakes.

The HGTV 2013 Dream Home is about color, texture, and patterns. The exterior of the home’s siding is a green shingle with dark wood doors. An elevated front porch offers a beautiful view of the sunset and a nice place to relax. Beautiful warm wood finishes are seen throughout the home.

Fannie Mae and Freddie Mac halt Foreclosed Property Evictions until after Holidays

House and calendar - BSN

(Best Syndication News) - Fannie Mae and Freddie Mac announced that they would halt evictions during the holidays.

The Federal National Mortgage Association (OTC:FNMA) will halt evictions from foreclosed single family and 2-4 unit properties between December 19, 2012 and January 2, 2013. Similarly, the Federal Home Loan Mortgage Corp (OTC:FMCC) announced a nationwide halt to evictions between December 17, 2012 and January 2, 2013 for single-family homes and 2-4 unit properties.

Fannie Mae and Freddie Mac said that during this temporary pause, the families living in these properties will not be evicted. However, the legal and administrative proceedings will continue and the eviction process may continue during this period, but the actual evictions will be postponed.

Survey finds Homebuyers not shopping for best mortgage rates and terms

Paying the Bills - BSN

(Best Syndication News) - A study conducted by the Federal National Mortgage Association (OTC:FNMA) found that many homebuyers in the United States do not shop around enough to save money on their mortgage. The November 2012 National Housing Survey Topic Analysis Report found that consumers could save money and get a more financially stable mortgage if they shopped more carefully.

Fannie Mae Chief Economist Doug Duncan said buyers often do not completely understand the details and the costs involved. Some homebuyers may even be surprised to find that their budgets were unrealistic when they couldn’t afford the payments later on.

800,000 California Residents getting billed $150 for Fire Protection Fee

Pile of Money - BSN

(Best Syndication News) - Around 800,000 residents in California will be receiving or have recently received a bill for $150, and some say that the money will do nothing for them except help the state government balance their budget. The tax was called the Fire Protection “Fee,” which has been questioned for fairness because the fee does not give the homeowner any new additional benefit.

The San Bernardino County Board of Supervisors and George Runner, State Senator (Ret.), and member of the California State Board of Equalization, have both said this “fee” is not fair and targets residents living in areas that might use the state run fire service.

Obama Administration’s September 2012 Housing Scorecard shows stronger Housing Market

Going up chart - BSN

(Best Syndication News) - The September 2012 edition of the Obama Administration's Housing Scorecard featured an improving housing market with rising home equity values. The August home sales volume was the highest in over two years, the US Department of Housing and Urban Development (HUD) and the US Department of Treasury said in their monthly report.

The government's report still voiced concern for the fragile recovery in the housing market. However, home equity values have increased $860 billion since the end of 2011. Since the third quarter of 2008, the higher home values pushed 1.3 million families above water when their home's worth became more than their mortgage. During the second quarter of 2012, homeowner equity increased $406 billion, or 5.9 percent.

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