foreclosure: Are You Paying Your Neighbor's Bills? - 10/16/09 01:27 PM
Many people are finding themselves in a situation of, pay the neighbor's bills or else lose their home.
Know anyone in this situation of having to pitch in more than their fair share on the utility bills? We'd love to hear about it. Just click the comment link below and … (1 comments)
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foreclosure: Foreclosure Affecting People Who Never Thought It Would - 06/16/09 03:33 PM
With the U.S. economy and financial markets showing some signs of life, optimistic analysts are looking for a recovery in the all-important housing sector. They got some ammunition recently from the National Association of Realtors (NAR), which said that its Pending Home Sales Index jumped in April by the most in … (5 comments)
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foreclosure: Mortgage Scams - Don't Get Taken - 03/09/09 03:34 PM
The economic recession has caused a lot of homeowners to find themselves in danger of losing their homes. There are many situations that have cropped up because of it — on one side are the homeowners who are doing everything they can to stop foreclosure. On the other side are the … (2 comments)
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foreclosure: Real Estate Pricing - 12/03/08 03:55 PM
Real estate prices cycle through different highs and lows. Keeping track of the following market indicators will help you decide if now is a good time to invest in real estate or not.
Job Growth
People go where the jobs are, and home prices follow jobs. A strong local job market … (1 comments)
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foreclosure: Obama on Fighting Foreclosure - 11/20/08 04:22 PM
During his campaign for the presidency, Barack Obama explained where he stands on many of the economic issues that matter most to Americans.
On foreclosures, Obama wants the government to step in to help homeowners facing foreclosure.
- Allow troubled homeowners to refinance to a loan insured by the Federal Housing … (6 comments)
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foreclosure: Home Sales Up, Prices Down - 11/07/08 09:51 AM
Sales of existing homes rose in September, but prices continued to drop, according to the latest reading on the battered housing market by the National Association of Realtors. The report shows sales by homeowners jumped in September to an annual pace of 5.18 million, up 1.4% from a year ago. It … (0 comments)
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foreclosure: Rescue for U.S. Homeowners? - 11/05/08 01:30 PM
Housing is at the root of the financial crisis, and preventing foreclosures could bring a double-barreled benefit. It would allow families to remain in their homes and could also help keep the housing market from spiraling out of control. The more foreclosed homes that get dumped on the market, the more … (3 comments)
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foreclosure: Lenders Don't Want Your House - 10/29/08 10:56 AM
With the huge number of homeowners facing foreclosure, it is true that your lender does not want your home. In fact, mortgage lenders are also victims in this crisis (believe it or not) as well. Your problem has become their problem!
With 8 homes in every 1000 currently in foreclosure (and … (6 comments)
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foreclosure: Bankruptcy: Won't Help Foreclosure - 10/23/08 01:48 PM
Can filing for bankruptcy help homeowners facing foreclosure? Apparently, not much.
For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a much better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren't allowed to alter the … (3 comments)
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foreclosure: 2 Million Borrowers Avoid Foreclosure - 09/11/08 01:49 PM
Hope Now has helped more than 2 million at-risk borrowers stay in their homes during the past 13 months. Despite this progress, foreclosures continue to climb; 91,752 families lost their homes in July. That represents an increase of 14% from June and more than double the number of July 2007, when … (1 comments)
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foreclosure: Filing Bankruptcy to Stop Foreclosure? - 09/03/08 08:50 AM
Some homeowners facing foreclosure are considering filing bankruptcy. Even though this might be an option for some people, there are a lot of other things you should try before filing bankruptcy to stop foreclosure.
The first thing you need to do is contact your mortgage lender. The sooner you do this … (2 comments)
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foreclosure: Foreclosures: We Have to Warn You! - 09/02/08 11:59 AM
Seems everyone these days thinks they can score a house on the cheap by buying a foreclosed property. There are good deals to be had, but we have to warn you, the process is complicated and risky. Foreclosure properties are much like fire, and you know the old saying, "play with … (3 comments)
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foreclosure: Short Sales: What Are They? - 06/16/08 01:31 PM
We've had people asking us lately, "What is all this talk about Short Sales?… what are they exactly?"
Very briefly, a short sale home is a home where the seller is having to sell because of a looming foreclosure. They have a higher loan on the home than it's worth, so … (3 comments)
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foreclosure: Homeowner Mortgage Bailout Poll - 05/25/08 03:53 PM
Americans remain split on whether homeowners about to default on their mortgages should receive special treatment to help them keep their houses, according to a new research poll.
The poll finds 49% of Americans believe such homeowners should receive special treatment, while 48% feel homeowners should not get assistance. Three percent … (3 comments)
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foreclosure: Housing: Where do the Candidates Stand? - 04/11/08 04:01 PM
Recent data show that nearly a million American households are at risk of foreclosure, 71% more than a year ago. Nearly 6% of all borrowers are past due on their mortgages.
And the presidential candidates are trying hard to convince voters that they have the best plan for fixing the problems. … (0 comments)
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foreclosure: Lenders Put a Freeze on Foreclosures - 03/10/08 12:39 PM
Six of the nation's largest mortgage lenders, in a joint effort to cool the raging foreclosure crisis, have agreed to temporarily stop foreclosure proceedings on homeowners who have fallen seriously behind in their house payments.
Under a program unveiled recently, legal efforts to oust seriously delinquent borrowers from their homes … (2 comments)
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foreclosure: Beware of Bad Advice About Foreclosure - 02/28/08 10:45 AM
A very disturbing and potentially damaging trend seems to be emerging in several real estate markets across the country. Especially those markets with flat or even declining values.
The trend? Well, it seems that some very less than scrupulous folks have resorted to promoting foreclosure to people wishing to move … (2 comments)
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foreclosure: Can't Make the Mortgage Payment? Just Walk Away? - 02/19/08 03:05 PM
More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? It appears that some are opting to skip out on the mortgage all together.
Homeowners are abandoning their homes and, more importantly, their mortgages, rather than trying to keep up … (3 comments)
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foreclosure: Foreclosures Up 75% in 2007 - 02/06/08 10:08 AM
The number of foreclosures soared in 2007, with 405,000 households losing their home, according to a report released recently. That's up 51 percent from the 268,532 homes that were repossessed in 2006.
Total foreclosure filings soared 97% in December alone compared with December of 2006, according to RealtyTrac, an online seller … (3 comments)
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foreclosure: Lenders Beginning to Make Deals - 01/31/08 02:13 PM
With so many houses in the United States facing foreclosure, mortgage lenders are starting to offer favorable deals for distressed borrowers they would not have agreed to just six months ago. This is not altruism, but a case of lenders trying to avoid being stuck owning hundreds of thousands, or even … (0 comments)
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