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Pay the Mortgage or Walk Away

In Down Real-Estate Market, Homeowners Are Deciding to Abandon Their Loan Obligations Even if They Can Afford the Payments PHOENIX — Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag. In good times, it would have been unthinkable to stop paying the […]

A neighboring property was going into foreclosure, but her condo was cleaned out. A new law might help.

A Las Vegas woman whose condo was mistakenly emptied in a bungled foreclosure action could be the first person to benefit from a new state law. Justin M. Bowen All her […] Continue Reading…

Housing Woes Compounded by U.S. Loan Efforts

The Obama administrations $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done […] Continue Reading…

How bad is the home foreclosure crisis in Brevard County? (FL)

So bad that 2009 was another record year with 8,853 filings on the books through November, more than 400 above the record set in 2008. This year could be worse […] Continue Reading…

CA Short Sales on rise – good deals

New developments in Talega have been hit hard by the economic downturn, but that’s good news for investors looking into San Clemente commercial space, said a local commercial real […] Continue Reading…

Memphis Suing Predatory Lenders

MEMPHIS, Tenn. – Over the last seven years, we’ve brought you some of their heart-wrenching stories of being on the wrong end of deceit. Victims of alleged predatory lenders voicing […] Continue Reading…

FL Supreme Court orders mediation in home foreclosures

TALLAHASSEE, Fla. (Legal Newsline)-The Florida Supreme Court on Monday issued an administrative order requiring a statewide mediation program to handle some home foreclosures. The order, written by Chief Justice Peggy […] Continue Reading…

Orange County short sale thoughts

Eyeball 2010 is our holiday gift to you: Two weeks of outlooks on local real estate conditions! A new vision every day of the week at lunchtime through Jan. […] Continue Reading…

Another short sale is .. long .. in Newport

Five months after writing a contract, Janet and Bryan Dunn finally closed on a house in March. The delay was because the house they were buying was on the market […] Continue Reading…

Realtors see more attempts by wealthy homeowners seeking to exit loans

High-end borrowers turning to short sales Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales […] Continue Reading…

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