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75% of modified home loans will redefaultby Les Christie Most borrowers who have had their mortgages modified through a government-sponsored program will redefault within 12 months, according to a report released Wednesday.Between 65% and 75% of loans that are modified through the Home Affordable...

Banks seizing more foreclosed homesBy Tami LuhbyBanks are seizing more foreclosed homes even as the number of people falling behind on their mortgages is declining.Bank repossessions hit a record monthly high in May, according to RealtyTrac, the online marketer of foreclosed properties. Lenders t...

Stop Pre-foreclosure Fears with Short Salesby Real Estate ZooAre you behind on your mortgage payments? Can't catch up with the bills no matter what you do? Is the bank sending you letters that say your home loan is in pre-foreclosure? Don't panic. Many people across the country are going through ...

Is a housing shortage coming?by Les Christie As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way.The nation is simply not building enough homes to keep up with potential demand. Just 672,000 new ...

"Flopping" Short Sale Properties - Criminals are always trying to find ways of profitingMichael Richardson"It's just that criminals are always trying to find ways of profiting." said Morgan McCartyThe goal of a short sale is to help a homeowner avoid foreclosure if they are no longer able to make...

Homebuyers could get more time for tax creditBy Tami LuhbyFirst-time homebuyers looking to land an $8,000 federal income tax credit may have a little more time to close on theirpurchases if a Senate amendment unveiled Thursday makes it into law.As it stands now, homebuyers must have signed contra...

Should you rent or buy? Is it better to buy or rent in Omaha, Neb.?If you guessed buy, you'd be wrong. According to the new Trulia Rent vs. Buy index, it makes more fiscal sense to rent in this farm city due to the huge gap between rental and purchase prices.Until recently, the perennial real est...