The debt drama's potential to cause the first large rate hikes in several years should scare some borrowers off from increasingly popular adjustable rate mortgages – but will it?
foreclosures
Poll: What Should We Do to Revive the Housing Sector?
With the newest data on home sales out Wednesday, one thing is clear: The volume of current real estate activity is not what many players hoped it would be.
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 …
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.
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.
Is the Home Foreclosure Crisis Ending?
Foreclosures have been holding back the housing market for some time. It’s one of the reasons housing prices have continued to sag, long after many predicted a rebound. But recently there has been some news that seems to suggest a light at the end of the housing bust tunnel. The number of completed foreclosures has been dropping …
Foreclosures: Are Bank Regulators Messing Up the Housing Recovery?
Foreclosures are down. Time to celebrate? Not really. Realtytrac, which monitors foreclosures, says the number of people losing their homes is dropping not because people are having fewer financial problems but because banks are taking longer to process foreclosures. And that’s not because they are modifying loans and helping people stay …