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Foreclosure free ride: 3 years, no payments - 12/28/11 02:08 PM
willing to put up a fight. Among the tactics: Challenging the bank's actions, waiting to file paperwork right up until the deadline, requesting the lender dig up original paperwork or, in some extreme cases, declaring bankruptcy. Nationwide, the average time it takes to process a foreclosure -- from the first missed payment to the final foreclosure auction -- has climbed to 674 days from 253 days just four years ago, according to LPS Applied Analytics. It takes much longer than that in Florida, where the process averages 1,027 days, nearly 3 years. In D.C., foreclosure averages 1,053 days and delinquent borrowers (0 comments)
Matt and Toni used their credit cards when times were good to buy furniture and otherwise set up their new household. They assumed they would keep earning enough money to pay off their debts. But Toni, a home health aide, had stretches of unemployment between clients, so they starting using the cards to pay their other bills. She took six months off when she had a baby, putting them further behind. Instead of rising, the couple's income is about half of what it was a few years ago, said Matt, who works for the state of Washington. Meanwhile, their (4 comments)
Scary ride for stocks! Keep youe eyes open - 12/19/11 03:18 PM
NEW YORK (CNNMoney) -- Investors have been paying a lot of attention to one continent lately and giving the other six (well, I guess there's little that could happen in Antarctica to roil the markets ... penguins tend to be fiscally responsible) short shrift. Surprise! The death of North Korean leader Kim Jong Il and all the glorious uncertainty that creates in Asia is a not-so-subtle reminder that there is a big world out there beyond Europe. The markets mostly took the latest developments from North Korea in stride though. U.S. stocks were down a bit Monday, and European markets (0 comments)
Stocks retreat as confidence in Europe wanes - 12/13/11 11:39 AM
U.S. stocks were giving up earlier gains Tuesday as optimism about Spain's better-than-expected bond sale wilted and new retail sales data disappointed investors.
The Dow Jones Industrial Average ($INDU +0.47%) was up 25 points, or 0.2%, to 12,047. The S&P 500 ($INX +0.45%) was rising by 3.1 points, or 0.3%, to 1,240, and the Nasdaq ($COMPX +0.10%) was losing 4.7 points, or 0.2%, at 2,608.
The Spanish government sold 4.94 billion euros in 12-month and 18-month notes, according to Bloomberg. The country had planned to sell 4.25 billion euros in bonds. The successful auction, along with a report that showed improving confidence in Germany's economy, lifted investor sentiment. <!--EndofExcerptMarker-->
If you know anything about real estate, you know that location matters most. A house in a nice neighborhood is worth more than the exact same house in a sketchy area. A good school district adds value, while struggling districts detract. A house on a quiet street is worth more than one on a busy thoroughfare. But there are other factors that can significantly affect the value of your home that aren't so obvious. Such as: Your house sticks out like a sore thumb. If your house is dramatically different in style or scale from its neighbors, its value (3 comments)
Hidden costs of homeownership - 12/12/11 03:32 PM
Ready for repairs? Leaky roofs, burst pipes and pest infestations -- all on your own dime. Though homeownership has many perks, there are some extra expenses to watch out for. Maintaining and repairing a home can be daunting, especially if you're learning these skills for the first time as a homeowner.... Repair costs can make any first-time homeowner long for the "good old" renting days. Each of the major systems in your home, like the plumbing, electrical and roofing, serves a vital purpose and must be kept in good working order to protect your investment and keep life running smoothly. (0 comments)
Stocks slump on European fears and Intel warning - 12/12/11 03:28 PM
Investors spent the weekend thinking about the European debt deal and liked it a lot less than they did on Friday. So, stocks have given back all of their gains from Friday and then some. The euro fell to its lowest level against the dollar in two months as safety dominated many investors' thinking. Gold (-GC) has tumbled below $1,700 an ounce for the first time since Nov. 25; crude oil (-CL) settled below $98. If you want some holiday cheer, the major averages have rebounded a little from their lows of the day.The European problem came into sharp focus when (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.