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Written by Administrator
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Thursday, 21 August 2008 |
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Mortgage owners increasingly stuck with foreclosed homes they can't move at auction By Becky Yerak | Chicago Tribune reporter | August 21, 2008
The number of vacant eyesore homes in your neighborhood could be on the rise.
The reason: At auctions, the last legal step in the home foreclosure process, a growing share are ending up back in the laps of lenders instead of sold to third-party investors. |
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Last Updated ( Thursday, 11 September 2008 )
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Written by Administrator
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Saturday, 09 August 2008 |
Jayson Brock | IDebtPages | 8-8-08
The US Economy is not in trouble, it is in deep trouble. Nothing that it will not bounce back from. It is truly just the natural course of a growing economy. When anything in life is growing at a massive rate it will eventually bust, pop, crash, fall off, weaken or even die. Well the US Economy is not dead, but it is serious injuried. |
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Written by Administrator
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Wednesday, 30 July 2008 |
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by Jennifer Maciejewski
Saturday, March 1, 2008provided by
There's a financial side and a human side to debt. The financial side is easy to quantify, and the numbers are huge. Americans are drowning in debt, carrying a record $972.5 billion in revolving charges at the end of 2007, according to data from the Federal Reserve. "The average household has $11,000 to $12,000 in credit card debt," says Christopher Viale, president and chief executive officer of Cambridge Credit Counseling Corp. Those figures are diluted by those who don't hold any debt, he adds. Households that carry debt from month to month carry close to $17,000 of unsecured debt on average, he says. |
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Written by Administrator
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Friday, 25 July 2008 |
By J.W. ELPHINSTONE, AP Business Writer
NEW YORK - The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday. Nationwide, 739,714 homes received at least one foreclosure-related notice during the quarter, or one in every 171 U.S. households, Irvine, Calif.-based RealtyTrac Inc. said.
California Foreclosures |
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Written by Administrator
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Thursday, 24 July 2008 |
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A modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the principal balance, interest rate or an extension of the length of the term of the loan. In some cases a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default or foreclosure. |
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Last Updated ( Tuesday, 27 January 2009 )
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