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SAN JOSE, Calif.
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LOS ANGELES _ By day, Henry Graciani oversees a 54-bed treatment center for alcoholics and drug addicts who come to him broke and hopeless. Graciani is not a high-paid executive returning to a beach retreat.
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DALLAS _ Diane Cheatham still remembers the first time she walked onto a homebuilding project.
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QUESTION: I was a homeowners' association board member for 21 years in our little development of about 690 dwellings. Here is the problem: The present board is not running the village according the CC&Rs. Is there any organization I can complain to?
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SACRAMENTO, Calif. That's because lenders have been quietly selling second mortgages and home equity lines left unpaid after foreclosures and short sales.
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PHILADELPHIA _ Mortgage delinquencies and foreclosures maintain a high profile as the economy feels its way through a mostly jobless recovery. Yet some observers believe they are seeing the emerging signs of a housing shortage.
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Most of the Salvation Army's residential real estate in Southern California is in middle-class communities, records show, including the Arcadia, California, home of Maj.
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Salvation Army officer Henry Graciani, whose household income is $25,000, in the Santa Monica, California, house that the organization provides rent-free to him and his family.
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A house in Santa Monica, California, owned by the Salvation Army, which is providing it rent-free to officer Henry Graciani and his family.
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Shelley Reynolds of Frisco, Texas, is one of the area's few female home builders.
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Shelley Reynolds, owner and president of Reynolds Signature Homes, stands in front of one of the homes she is building in Frisco, Texas, on March 11, 2010.
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MINNEAPOLIS _ Facing criticism over the slow progress of its foreclosure-prevention efforts, the Obama administration has struck deals with two giant banks that would extend mortgage relief to homeowners with second mortgages.
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PHILADELPHIA _ As spring real estate season kicks in and the tax-credit deadline for sale agreements approaches, the government is ending a program that has kept interest rates low and housing-affordability levels high for months.
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LOS ANGELES _ Housing starts fell 5.9 percent in February from the month prior, the latest sign that builders are acting cautiously in the face of competition from discounted bank-owned properties.
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Chris and Candice Basso would like to move up to a larger home this spring, taking advantage of a federal tax credit worth up to $6,500 for repeat home buyers. But even a big tax credit won't be enough to lift them into a bigger, better home.
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