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Americans Want to Be Obama’s Neighbor

The neighbor most Americans would choose is the Obama family, according to the annual Zillow Celebrity Neighbor Survey, which asked more than 2,000 U.S. adults to choose who they’d most like to see across the fence. The most desirable neighbors for 2010 are: The Obamas Ellen DeGeneres and Portia DeRossi Sarah Palin Taylor Swift Oprah […]

U.S. to Offer Incentives to Modify Seconds

The Obama administration is announcing incentives today for mortgages servicers to modify home equity loans and other second mortgages. Servicers must agree to modify second mortgages when the first mortgage has been modified. They must extend the term of the second mortgage and match the rate of the first mortgage. Then the government will share […]

Federal Housing Rescue Plan Launches

The Obama Administration’s program to rescue distressed home owners got off the ground this week. The program was announced on Feb. 18, but it took several weeks to put the bureaucracy in place. Six of the nation’s largest banks signed up to participate, the Treasury Department announced Wednesday. They are JPMorgan Chase, Wells Fargo, Citigroup, […]

Barack Obama Takes Oath of Office

Barack Obama on Tuesday became the 44th president of the United States. Following a swearing-in ceremony witnessed by hundreds of thousands of onlookers in Washington, D.C., and millions more who watched on television, the new president acknowledged there there will be challenges ahead, but that he will seek to confront those issues without partisanship or […]

McCain, Obama Solidify Stands on Housing

Both presidential candidates have announced plans to help voters deal with the challenging housing economy. Here are their ideas as posted on their election websites: Sen. John McCain: Direct assistance to homeowners. No taxpayer money should go to real estate speculators who made bad decisions about investments. Reform financial and lending systems to prevent a […]

Candidates Disagree on Foreclosure Fix

Daily Real Estate News  |   February 20, 2008 As the presidential primary in Ohio approaches, Sens. Hillary Clinton (D-N.Y.) and Barack Obama (D-Ill.) are highlighting their different housing proposals. Voters in Ohio especially are concerned about the housing proposals because the state has one of the highest foreclosure rates in the nation. Clinton insists that government […]