WASHINGTON, DC – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Consumer Product Safety Commission (CPSC) today issued interim remediation guidance to help homeowners struggling to rid their properties of problem drywall linked to corrosion of metal in their homes such as electrical components.
Have you heard of Wolfram Alpha? It bills itself as a computational knowledge engine. Wolfram Alpha collects data from around the web and allows you to do sophisticated math on this data. It is a really useful tool to help find real estate statistics. Do you want a graph of house prices in New York City?
A Deed in Lieu of foreclosure (DIL) is a disposition option in which a mortgagor voluntarily deeds collateral property in exchange for a release from all obligations under the mortgage. A DIL of foreclosure may not be accepted from mortgagors who can financially make their mortgage payments.
WASHINGTON, DC – The U.S. Department of Housing and Urban Development and the U.S. Consumer Product Safety Commission (CPSC) today issued guidance on how to identify the presence of metal corrosion, as well as other indicators of problem drywall in homes.
Louisiana Attorney General's Office Files Suit Against Chinese Drywall Manufacturers and Distributors
On January 13, 2010, Louisiana Attorney General Buddy Caldwell filed suit today in Orleans Parish against multiple Knauf entities, other international and domestic manufacturers, distributors, importers of toxic Chinese drywall as well as several builders alleging the State of Louisiana has and will continue to suffer economic loss because of the defendants’ manufacture, distribution, sale and/or installation of defective and toxic Chinese drywall. The suit names nine foreign drywall manufacturers, eleven drywall supply and distribution companies, and three home builders.
Homeowners with tainted drywall can get assistance, especially if they have an FHA-insured mortgage and are behind on their payments.
Chinese sheetrock, it smells bad, because it emits sulfurous gases carbon disulfide, carbonyl sulfide, and hydrogen sulfide. These emissions, which have the odor of rotten eggs, worsen as temperature and humidity rise.
PMI Mortgage Insurance has a new tool for homeowners facing potential foreclosure on their home. The Mortgage Options Assessment Tool (http://www.homesafepmi.com/) enables homeowners to organize, calculate, and produce reports on their current financial situations prior to meeting their lenders or counselors to discuss solutions to foreclosure. This is a free online tool available to anyone.
15% Decline in Home Remodeling Activity in 2008 - Biggest Decline in Areas Where Homeowners Have Less Home Equity
According to the Remodelormove.com fall 2008 Remodeling Sentiment Report, an online publication of ABCD Publishing LLC, the amount of equity homeowners have is influencing their remodeling plans.
How many potentially life-threatening hazards do you have around your house?