June 2010

Florida’s struggling homeowners could get an 18-month reprieve on mortgage payments under a state plan to spend $418 million in federal foreclosure prevention aid. Palm Beach County would receive $28.9 million from the proposal, which was discussed last week during [...]

I hate my Florida mortgage, monster that it is, and the four different companies that passed it off one to the other like some hot potato baton in a real estate relay rat race. With interest rates and the value [...]

Mortgage servicers earn fees by collecting monthly payments from home owners, writes Suzanne Kapner in New York . They also supervise the payment of real estate taxes and property insurance and provide workout services when a loan defaults. A borrower [...]

After the bank foreclosed on Fernando Palacios’s Gainesville home in March, he thought he was done with what he described as the most stressful financial situation of his life. The bank sold the home for far less than Palacios owed [...]

ANAHEIM, Calif. — Police are investigating whether money and marriage troubles prompted a California man to kill his wife, wound his 3-year-old son and take his own life in a backyard rampage. The boy was found hiding behind a trash [...]

Fitch Ratings Ltd. forecasts that most borrowers who get lower mortgage payments under a federal government program will default within 12 months.

Lori Rodriguez lost her insurance billing job two years ago and was in danger of losing her house — until a judge forced her lender to try to work out new loan terms in court-ordered mediation.

NEW YORK (CNNMoney.com) — The fastest growing large county in the United States is not in a trendy Sun Belt state. It’s in Illinois, a member in good standing of the Rust Belt. Kendall County, Ill., a far-flung suburb of [...]

An increasing number of cases involving short sales and disclosure issues are prompting real estate attorneys to issue strong reminders to real estate agents to educate their clients and themselves.

The collapse of the housing market has pushed more than 11 million homeowners into the uncomfortable position of owing more to their lender than their house is worth. A third of the mortgages held in California fall into this category, [...]

During a “traumatic and emotionally draining interview,” he told investigators his father tried to shoot him and he ran inside the house to hide, Schmidt said. “He said he could hear his brother screaming and hollering,” Schmidt said.

IF you can’t divide 300 by 2, should you qualify for a loan? That is one of the questions raised by a new study led by a Columbia University assistant business professor, Stephan Meier, who found that borrowers with poor [...]

SANFORD, Fla.—In Central Florida, one of the nation’s most-hobbled housing markets, home builders are welcoming what they see as a returning market by snatching up cheap land and beginning construction on smaller, less expensive subdivisions.

A state group has unveiled plans for divvying up $317 million in federal foreclosure relief to mortgage-challenged Floridians struggling with unemployment, underemployment or medical hardships.

A woman is suing Wells Fargo for predatory lending practices after she claims they made her false promises on loan modifications. In 2003, Ann L. Koontz decided to purchase a home and responded to an online solicitation from the defendant, [...]

Some homeowners trying to avoid foreclosure say that one of the best options for homeowners in trouble is marked with delays and confusion. According to New Hampshire Housing, 361 foreclosure notices were reported for the month of April, the second [...]

Pair threatened with fines, jail for house they no longer owned Mark Bullock and Laura Hamilton thought the fight to keep their West Price Hill house ended the day the bank sent someone over to change the locks in 2007.

Allison Rinehart’s best hope for saving her home isn’t the massive federal effort to stem foreclosures. She’s been denied, possibly in error, for that plan so she’s banking on an alternative mortgage modification to keep her Charlotte townhouse.

“We turned a fixer-upper into a pretty special house, but it was not easy to find someone who would lend us as much as we needed to borrow,” Glotfelty recalled recently. Cheryl Daerr, 52, wanted to pay off her credit [...]

Millions of Americans burdened with negative home equity are losing faith in the talk they hear coming from Washington, D.C., about loan modification. They just don’t see it happening.

While the real estate slump never hit greater Williamsburg as hard as it did elsewhere, it has nonetheless led to an unusual number of foreclosures and a related phenomenon. A “short sale” occurs when a bank lets a homeowner sell [...]

The Federal Reserve is warning homeowners to beware of foreclosure scams.

Last year Hinds found herself dealing with a multitude of family crises at once and fell behind in her mortgage payments. “What happened? I fell for the scam, big time,” she said. “I was duped [by an] infomercial I saw [...]

I never thought I would write something like this.  I used to believe that it was wrong to just walk away from a home.  I am not talking about taking the dog for a walk — I am talking about [...]