Posted in home repair

Can a divorced woman claim ownership of a home she once owned with her deceased ex-husband?

They divorced in 2007, and we have only recently found out that he passed away earlier this year. A web title search showed the property is still in his and my mom’s names. Although my mom doesn’t have any loans or mortgages on her name, the bank told us that there are mortgages and/or loans on my stepfather’s name. However, they will not share that information with us and required probate documents.

My questions are: Is the house solely my mom’s now? Is she responsible for mortgages on my stepfather’s name? How do we proceed to sell the house since we live in another country and cannot afford to maintain it? How would we sell it if it has an open lien, for example?

A: It’s quite important to determine how your stepfather and mom purchased the home. While you may not see percentages in a document, that does

Read More
Continue Reading Can a divorced woman claim ownership of a home she once owned with her deceased ex-husband?
Posted in home improvement loans

New Britain lottery will bring opportunity for first-time home ownership to two families

Two families on relatively low incomes will win a lottery in New Britain next month that will let them buy their first homes.

Loading...

Load Error

The city is selling two houses on the East Side that it bought and extensively renovated, with each set to sell for tens of thousands of dollars below market rate.

New Britain isn’t looking to make money on the deal, though, city officials emphasized. Using federal funds, it periodically buys and rehabilitates homes and then sells them to first-time homebuyers who otherwise could not afford to own property.

“It’s a great boost for them. The people we sell to have never owned a home, so just doing this is a great self-esteem boost that they take pride in,” said Margaret Malinowski of the city’s economic development department.

Many communities around the country use lotteries to award low- or moderate-income apartment leases when demand is high,

Read More
Continue Reading New Britain lottery will bring opportunity for first-time home ownership to two families
Posted in home improvement loans

The Paradox Of The U.S. Black Home Ownership Rate

In a recent article here on the Biden housing plan, I mentioned the Paradox of the Black Home Ownership Rate – in the 30 years from 1940 to 1970 when housing discrimination against Blacks was legal and horrific, the U.S. Black home ownership rate nearly doubled going from 23% to 42%, but 50 years after the 1968 Fair Housing Act became law, the U.S. Black home ownership rate was essentially the same as in 1968. It was 41% in 2018. That paradox seems impossible but it’s true. 

Another hidden truth is that from 1940 to 1970, the Black home ownership rate increased more in the South than in the North. For example, from 1940 to 1970 the Black home ownership rate in Mississippi increased 31 percentage

Read More
Continue Reading The Paradox Of The U.S. Black Home Ownership Rate