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More than three years into the housing crisis, the foreclosure process isn't speeding up. It's slowing down. Get the full story >> |
Chicago-area foreclosure filings, unemployment increase
The Chicago area recorded a dramatic increase in the number of homes that went into foreclosure in August, another worrisome sign that the...
Does foreclosure wipe out all liens?
Q: In a recent column you said that "a foreclosure by a first-trust (lender) will wipe out any subordinate liens." But that is not...
Even the wealthy are turning to auctions to sell their homes
This is what the housing downturn has come to: A custom-built mansion along an exclusive section of Carbon Beach in Malibu known as...
Mortgage default notices in Illinois surge 25% in August
Notices of mortgage default, the first step in the home foreclosure process, jumped 25 percent in Illinois last month, putting the threat of...
Many underwater homeowners hampered by high interest rates
The vast majority of Americans with mortgages worth more than their homes are also stuck with high-interest-rate loans, putting them in...
Struggling homeowners could get up to $25K from 'hardest hit' loan fund
Unemployed and underemployed homeowners in the Chicago area could soon receive up to $25,000 in mortgage help under a $345 million federally...
U.S. sues large banks over bad mortgages
A U.S. regulator sued a number of major banks Friday over losses on more than $41 billion in subprime mortgage bonds, which may hamper a...
New landlord forces move, then rents to new tenants
Q: The home we've been renting was foreclosed when the owner, our landlord, stopped making his mortgage payments. The bank held a sale,...
6 sites to help you find foreclosures
Bankrate.com recently released a list of the top 10 states for foreclosure based on June numbers. Many on the list aren't a surprise, but...
Distressed sales in spring down from 2010 level
Sales of foreclosed homes in the Chicago area and nationally were down from a year ago in the three months that ended in June, but they...
Mortgage delinquencies rise for second quarter in a row
In an ominous sign for the housing market, the percentage of homeowners who have missed at least one mortgage payment has risen for the...
Foreclosure reforms may be coming to a head
We are now in the fifth year of a housing crisis in which more than 3 million Americans have lost their homes to foreclosure, with...
Mortgage servicers fall short
It would appear that we are not happy at all with the people we send our hard-earned mortgage payments to. In fact, we're even unhappier...
U.S. looks outside the box to stem housing glut
With the real estate market continuing to drag down the economy, federal officials are seeking ideas from investors and others about ways to...
Foreclosure activity falls, but for how long?
In its latest report, RealtyTrac announced that foreclosure activity fell on a year-over-year basis in 84 percent of metro areas with at...
Move-out rights apply when foreclosure strikes
Q: I rented a condo last summer, planning to stay for a year. No formal lease was signed. The landlord told me in the winter that he...
An insider's view of surviving a short sale
Chris Willette became a short-sale expert the hard way: He did his own. Almost three years ago, the Edina (Minn.) Realty sales agent found...
Foreclosure rights under oral lease
Q: I am a tenant in a house I rented last summer, planning on staying a year, but soon after I moved in, the owner told me that he was...
Taking the fear out of foreclosure
People fear foreclosure almost as much as they fear death. But unlike death, foreclosure can be prevented.
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