Buying a Foreclosed Home: Good or Bad?
You’ve heard that the silver lining to all of the change and turmoil of the subprime mortgage crisis is that there are great deals to be had for would-be home buyers, specifically in the foreclosure...
View ArticleDon’t Get Caught in a Foreclosure Scam
Thanks to today’s economic turmoil, sparked by an ongoing mortgage crisis, a record number of Americans are facing fears of not being able to keep up with mortgage payments on their home. Home...
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What’s A Short Sale In The Long Run?
Kirk Charles Yesterday afternoon I was in an attorney’s office and a gentleman came in for a real estate consultation. Unfortunately he fell way behind on his mortgage and he had to face the fact that...
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Your House is a Home—Not an ATM
Millions of homes across the nation are worth less than their mortgages. The nation may be in recovery mode but millions are still stuck in a financial quagmire. Over the past few years, far too many...
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Foreclosing as a Financial Strategy
Foreclosing on purpose seems to be a trend mortgage lenders don't like More than ever, there are mixed messages out there for homeowners thinking about walking away from their mortgage obligations. The...
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What President Obama Could Learn from Jacksonville Mayor’s Race
President Barack Obama has seen better days. But it would be a mistake to conclude that he can’t win re-election, despite his dismal poll numbers. At the moment, the president is quickly discovering...
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Million-Dollar Home Foreclosures On the Rise
(Image: Thinkstock) Five years after the housing crisis erupted, America’s wealthiest families are now losing their homes at a higher rate than the rest of the country. Surprisingly, many are doing so...
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Wealth Decreases for Blacks During President Obama’s Term
From Bloomberg The hard economic times brought on by the recession has been a detriment for many African Americans. The loss of jobs and homes have wreaked havoc on the wealth of many. The rise of...
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Bank of America Misled Homeowners, Suit Says
According to a lawsuit in Massachusetts federal court filed by six former Bank of America employees, service representatives were told to lie to homeowners, telling them their paperwork and payments...
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