• Don't Let Student Debt Keep You From Graduating Into a House


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    By Scott Sheldon

    Anyone who has tried to apply for a mortgage and had student loans knows what it’s like to be scrutinized and questioned by the mortgage company over the impact of those obligations. Like other forms of debt, such as car loans or credit cards, student loans are in the same classification: debt made against income or rather an ability to repay.

    Just like all consumer debts, student loans can reduce the ability to borrow because they erode income. So let’s take a closer look at how your student loans can hurt your mortgage application, and what you can do to protect yourself.

    Quick Life-Cycle — Student Loan To Home Loan: Student loans are reported on a credit report just as any other payment obligation. In many instances, the student loan payments are deferred, extended out into a future date when the payments kick-in — if they have not already. Lenders are required by law to account for all material debt known to …read more  

  • Abandoned New Orleans House Falls on Neighbor's Home


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    The collapse of an abandoned house next door onto her home has left a New Orleans mother concerned about the safety of her children and damage to her property. But after being notified of the situation two weeks ago, complained the woman, city officials still hadn’t acted to clean up the mess or reduce the threat.

    “Kids can’t play with this right here, because they’ll still get hurt with the nails and all that stuff hanging out,” Keyana Maxwell told New Orleans TV station WWL, which investigated her claims about the wreckage next door. Maxwell said that she’d contacted city officials, urging them to remove the collapsed home so that her kids can play in their backyard of their townhouse, and sleep in their bedrooms again without fear of debris crashing in.

    As WWL was interviewing Maxwell, however, a utility crew arrived to mark locations where electrical lines exist on the adjacent property — so that a demolition crew could avoid them when tearing down what remains of the home.

    While Maxwell told the station that she expected a more …read more  

  • Home Inspection Horrors

    home inspection found this tangled cable tv box

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    Home inspection is serious business. But home inspectors have a wicked sense of humor. If you need proof, just check out this batch of “Postcards From the Field,” the perennially popular feature of the American Society of Home Inspectors. From a wasp’s nest the size of a basketball to a DIY electrical job that’s truly shocking, home inspectors have seen it all — and lucky for us, they carry cameras.

    Photos courtesy of the ASHI Reporter.

    More on home inspections:
    Home Inspection Red Flags
    10 Common Home Inspection Issues
    The Scary Things Home Inspections Turn Up

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