Health, unemployment, stairs, taxes, finances, politics.......selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking advantage of penalty-free forbearance periods offered by...
From the wsj.com An excerpt: Lenders say there is an untapped market among borrowers with good credit scores like self-employed workers who don’t have proper income documentation, or for responsibly made loans to borrowers with credit problems that have had...
Housing foreclosure authorities LoanSafe.org and YouWalkAway.com have created a new website to help people re-enter the housing market after having been through a previous foreclosure. The website is called AfterForeclosure.com and helps those most affected by the...
In the San Diego-Carlsbad area, 11.4 percent, or 66,899, of all residential properties with a mortgage were in negative equity as of the third quarter 2013, according to CoreLogic. It was a slight improvement from 2Q13, when 13.6% of all mortgaged properties were...
An excerpt from an article in the MND: While great efforts must be taken to avoid a future crisis and bailout the SIGTARP says, we cannot lose sight of the current TARP bailout. Wall Street may have recovered but Main Street has not. TARP was always intended as a...
Why would people list their home as a short-sale? Because their lender is applying pressure to either make payments, short-sale, or be foreclosed. At least that is the old-fashioned way of banking. It's possible that, after months or years of delinquency, some might...
Scroll over areas to see Zillow's estimate of those underwater, and the percentage of those that are delinquent. Even in the worst-affected areas, the vast majority of underwater homeowners are making payments. For those who are wondering, 42 homes have been...
Andreea Stucker thought she made a good investment when she bought a Huntington Beach condo with her boyfriend in December 2005. But then she and her boyfriend split up. He moved out just as the housing market crashed, leaving Stucker broken-hearted, and broke. With...
Those who are underwater aren't "trapped" in their homes, they are free to move. The system has been very generous, and even if the Congress doesn't extend the debt-tax relief, the banks will be processing short sales to enable the underwaters to move - without having...
The fate of the mortgage-debt tax relief? It's going to be decided in a lame-duck session, and there doesn't seem to be enough politicians willing to create a big fight - an excerpt from the latimes.com: One key strategy question: Could the Family and Business Tax...
