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Q. My wife bought the home we currently live in back in 2003. We find we can no longer pay for the house. Is it possible, instead of a nasty... Get the full story >> |
U.S. foreclosures edged higher in 3Q
More U.S. homes are entering the foreclosure process, but they're taking ever longer to get sold or repossessed by lenders.
Regulators to unveil complaint procedure for foreclosure cases
Delinquent borrowers who think they've been treated unfairly by their mortgage lenders and the companies that service their loans will...
Home ownership sees biggest drop since Great Depression
The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census...
Number of permanent mortgage modifications rises
The number of borrowers who received permanent aid through the Obama administration's signature foreclosure relief program increased...
Getting a mortgage workout shouldn't be this exhausting
Jackie Durra and her husband, Pedro Balladares, have been riding out the economic downturn as best they can.
Housing counselors feeling pain of HUD funding cuts
Nonprofit housing groups that counsel consumers who are either trying to purchase a house or keep the one they have are trying to figure out...
Foreclosure investments no place for novices
They're baaack! Zealous investors looking to become landlords or to flip real estate for profit helped fuel the housing boom. When the...
Mortgage fraud complaints rise 88%, with California in the lead
Mortgage fraud reports to the Treasury Department jumped 88% in the second quarter — mainly because banks are reexamining loans from...
Troubled homeowners, beware of 'mass joinder' lawsuit invitations
What financially strapped homeowner wouldn't want to join other troubled owners in a last-ditch effort to save their homes from foreclosure?...
Foreclosure process caught in state bottleneck
More than three years into the housing crisis, the foreclosure process isn't speeding up. It's slowing down.
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...
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...
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,...
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...
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...
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...