Real Estate | featured news

Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare doesn't end there: Once creditors kick her out, she'll still need to pay back the money she borrowed to buy her house....

An initiative from the Obama administration is meant to allow eligible homeowners to postpone all or part of their mortgage payments for a year or more.

Apartment landlords continue to have the best of all worlds as rents go higher and vacancies fall.

Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.

Home prices in major U.S. cities have risen for the first time in eight months, boosted by an annual flurry of spring buyers.

A backlog of foreclosures and falling sales indicate prices may decline further, discouraging builders from taking on new projects.

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of dollars in losses on soured mortgages and became mired in litigation over a wave of foreclosures.

An Austrian government agency abruptly pulled two sky-high pieces of real estate -- majestic peaks offering stupendous alpine views -- off the open market Tuesday after an outpouring of national outrage over the perceived sellout of the nation's heritage.

U.S. bank regulators said they will give 14 financial institutions an additional 30 days to submit plans to fix problems with their home-foreclosure practices, allowing more time to complete a broader settlement with state and federal agencies.

Refinancing can be a great way to save money, but it's not a sure thing. Before you take the plunge, ask yourself these six questions to avoid making a major money mistake.