Long before the banks started evicting delinquent homeowners, Wall Street, it appears, used robo-signers to ink mortgage deals that would eventually cost investors tens of billions of dollars and in part led to the financial crisis.
Foreclosures
Foreclosures Are Bad for Your Health
Losing your home is a nightmare—enough to make you sick to your stomach, and then some. Just how stressful is it to go through a foreclosure? A new study indicates that a rise in foreclosures correlates to an increase in …
Hot Market for Homes Selling Under $10,000
A market for ultra-cheap homes has emerged in cities around the U.S., and the result is that in many cases it’s much less expensive to buy a house than it would be to purchase a new car.
Has America Become a Nation of Squatters?
Before the recession, “squatting” brought to mind Appalachian-style family feuds, wherein the Hatfields camped out for years on end, shotguns cocked, on a remote corner of the McCoy’s acreage., or maybe starving artist
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U.S. Senator Proposes Renting Out Foreclosures
There’s an old Lily Tomlin joke where she says, “Wouldn’t it be great if all the people in New York who talk to themselves were paired off, so it looks like they’re talking to each other?”
In a similar spirit, apparently, …
The Catch for a Half-Priced Luxury Rental? You Have to Fix the Place Up
Banks in Florida are having a hard time selling the many abandoned luxury properties now in their possession due to foreclosure. To get the homes in better shape in order to attract buyers, the properties are being rented out for …
From Deadbeats to a Target Market: Why Advertisers Are Going After Strategic Defaulters
AdAge says new "own-to-rent" class wields massive disposable income marketers must tap.
Man Gets $330,000 Home for $16
Thanks to a little-known Texas law, a man found an abandoned $300,000 home, moved his stuff in and filled out some paperwork. It cost him $16. Now, apparently he’s a homeowner.
Why Some Home Sellers Are More Delusional Than Others
Everybody knows that homes on the market are not all priced the same way. Some buyers want to sell in a hurry, so they set their price aggressively low. Others focus on maximizing the return on their housing investment, so they …
Foreclosures Plunged This Year — Why Isn’t That Good News?
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.
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 …
