Real estate foreclosures — what a mess. Want a visual? Go spill half a can of cola on your kitchen floor. Did it clean itself up? I thought not. The same thing is happening with foreclosures.
Foreclosures
Why Real Estate May Be The Buying Opportunity of the Decade
There’s a convincing argument that real estate is today’s best long-term buy.
Social Networking Gone Wild: Foreclosure via Facebook
The most distressing content most of us have ever seen on Facebook falls within the realm of the overshare: your boss’s Vegas stag party pics, or your new boyfriend’s status change from single to “it’s complicated.” But …
Homeownership: Still Popular But Not Seen as a Smart Investment
Americans have long overindexed on the value they place on owning a home when compared with people in other western countries. That white picket fence in the age-old imagery of the American Dream? That stands for real estate.
Bank of America Mortgage Settlement: Big Banks Could Be Forced to Repay $45 Billion
Eight months ago, when approached by investors to repay a portion of their losses in mortgage bonds, Bank of America CEO Brian Moynihan said no way. He said that his firm had followed the rules and that he was going to fight this …
Mortgage Giants Wells Fargo and Bank of America Opt Out of Reverse Mortgage Business
At the height of the real estate market, I recall driving past a Bay Area billboard for an apparently conservative financial advisory firm that read something like: “Your home is not a retirement plan.” At the time, the …
Is It OK to Walk Away From Your Mortgage?
In spite of the mild economic recovery we’re experiencing, the percentage of homeowners who are underwater on their mortgages — that is, they owe more than their homes are worth — has barely budged.
Man Gets Foreclosure Notice, Demanding He Pay $0.00 or Else
Earlier this year, a Massachusetts man received a worrisome letter, stating that his house might be foreclosed on. But he could avoid his fate — by paying $0.
Homeowner Forecloses on Bank of America
In a modern-day evocation of David’s slingshot triumph over Goliath, a couple of foreclosed homeowners in Naples, Fla., reportedly foreclosed on a Bank of America branch last week, their attorney actually having moving trucks …
Foreclosure Watch: It’s Not as Bad as You Think
As the U.S.’s foreclosure crisis plays out, homeowners are slowly catching up on paying their mortgages.
Poking Holes in The Depressing Housing Data
When the March Case-Shiller housing price data came out on Tuesday showing that prices in 19 of the 20 cities in the index had fallen, the news was unwelcome, to say the least.