People are losing their homes to foreclosure at an alarming rate. Now they are lashing out — destroying those homes before the bank takes over. But as this report concludes, don’t think you can get away with vandalising a home just because you own it before the bank forecloses on it… Do you know of […]
Foreclosures: Moving From Pity to Emphathy
As the foreclosure crisis continues to claim victims, it has finally hit home for one Oklahoma real estate professional whose business initially heated up during the mortgage meltdown. Have a comment about this story? We’d love to hear from you. Just use the comment link below to contact us.
The Mother of all Foreclosure Mistakes
You’ve seen the news regarding mistakes made in foreclosures… now meet a victim of the mother of all mistakes. Know anyone affected by the foreclosure mess like this? We’d love to hear about it (without any names, of course!). Just click the link below and sound off.
Home Mortgage Loans: Getting One Continues to Be a Challenge
Bankrate.com has pooled the opinion of several mortgage industry professionals with regards to the future of the home mortgage loan market. According to most of them, mortgage loan rates will maintain their low levels, but acquiring a home loan will be difficult for most consumers. They also predicted that homeowners seeking refinancing will be lured […]
While Homeowners Suffer, Foreclosure Mills Make Millions
Lawyers exploiting the boom in foreclosures allegedly forged documents while booting people from their homes. Here the problem… Know anyone affected by these foreclosure mills? We’d love to hear about it. Use the comment link below and tell us what you know. No email addresses will EVER be published on this site or shared with […]
9 Million Homes Could Be Affected by the Foreclosure Mess
According to a recent Bloomberg article, the ongoing mortgage fiasco, dubbed foreclosuregate by some, could possibly entangle 9 million foreclosed properties with questions about the legitimacy of their title, the legitimacy of their foreclosure, or both. In response to this debacle, JP Morgan Chase and GMAC/Ally have suspended foreclosures in 23 judicial foreclosure states. Bank […]
Home Ownership Decline Lowest in 11 Years
According to a government survey, home ownership for Americans declined steeply in the 2nd quarter of the year. This was the lowest level of ownership registered in 11 years. The data releasde after second quarter numbers were in shows the drop in ownership of homes was at 66.9%. Compared to 2009, it was down by […]
Competing With Foreclosures
The foreclosure rate is one of the most daunting things you can face when trying to sell a home. Nationwide, the sale of distressed properties accounts for half of all home sales, so those sold for below market value or out of foreclosure can be make the market tough – but not impossible. There are […]
Skipping Out On Your Mortgage Can Be Risky
Some homeowners underwater on their home loan — meaning they owe more on the mortgage than the home’s current value — are turning to “strategic defaults” in which they simply walk away from mortgage debt. But financial experts warn — the cost of skipping out on mortgage debt can be high. The American Bankers Association […]
More Tax Relief for Home Owners and Home Buyers?
The Obama administration’s top housing official says several new programs are in the works to help try to revive the housing market. Housing and Urban Development Secretary Shaun Donovan said in an interview recently that his department in the coming weeks will roll out an FHA refinancing program to help borrowers whose mortgages exceed the […]