With all of the gifts to buy and cookies to bake, home sales typically slow during the holidays. According to new data released by RE/MAX in their Monthly Housing Report, October home sales were 9% above October of 2010. The data encompasses 53 metropolitan areas. Experts expect to see further declines … [Read more...]
Free Seminars Help Homeowners Avoid Foreclosure
October 28, 2011 By Leave a Comment
Many feel the foreclosure epidemic is showing no signs of slowing down. As millions of Americans find themselves under water with their mortgages, some organizations and leaders are trying to help. Facing foreclosure is stressful, but there are ways to avoid it. There are several free seminars planned … [Read more...]
Father Abandons Son After Foreclosure
August 27, 2011 By Leave a Comment
A depressed, out of work architect facing foreclosure left his Minnesota home, leaving his 11-year-old son behind. According to the Pioneer Press, Sebastian Cross woke up last month to an empty home and two notes his father had written. The newspaper printed this portion of one of the letters: "To … [Read more...]
Orlando Bankruptcy Rate Falls for First Time in Five Years
July 28, 2011 By Leave a Comment
Orlando's bankruptcy rate fell for the first time in five years. But that good news, doesn't mean the bad news will stop coming. According to the Orlando Sentinel, experts say the household bankruptcy crisis is far from over. The reduction in the number of bankruptcy filings may come down to one simple … [Read more...]
Tables Turned as Bank Gets Foreclosed
June 6, 2011 By Leave a Comment
Score one for homeowners. The tables turned on Bank of America after a Florida couple says the lender filed foreclosure papers against them. The problem? The couple had paid cash for their home. The case went to court and a judge in Collier County ordered Bank of America to pay the couple’s legal fees. … [Read more...]
Protestors Blast Bank of America Foreclosures
May 13, 2011 By Leave a Comment
Some protestors came out to Bank of America's annual meeting in Charlotte this week. Outside their headquarters several people held signs and shared their foreclosure stories, according to the Associated Press. Shareholders had the chance to confront Bank of America's CEO Brian Moynihan about mortgages … [Read more...]
House Bargains Getting Harder to Find
July 14, 2010 By Leave a Comment
Consumers hoping to find affordable housing due to falling home prices had better hurry or plan on being patient. House bargains are getting harder to find for several reasons. … [Read more...]
Not All Foreclosures Are Due to Economy
April 21, 2010 By Leave a Comment
It is easy in the current economy to assume that most consumer foreclosures on personal residences are due to the economy. Unemployment is high and even household where lay-offs have not hit are operating with less income due to reduced schedules and forced days off without pay. The reality is that … [Read more...]
Mortgage Companies Helping Families Walk From Mortgage Debt
March 22, 2010 By Leave a Comment
The foreclosure process can easily turn into an emotional drawn out procedure. Consumers who become delinquent on their home loans are faced with months of late notices, warnings, demands for payments, and eventually eviction. In the meantime the bank is paying staff to work the accounts while not receiving … [Read more...]
Predatory Lending Leads to Foreclosures
March 10, 2010 By Leave a Comment
As more and more consumers face foreclosure there are disturbing stories coming to light. It seems that some people are losing their homes after agreeing to a series of refinancing arrangements that were almost sure to lead to eventual eviction. … [Read more...]