PresidentBarack
Obama’sefforts
to bolster the U.S. housing market, the
trigger of the worst recession since the
1930s, may be undone by record unemployment
and repossessions by lenders,...
The amount of damage to a credit score
caused by foreclosure, deed in lieu or a
short sale during 2008 and 2009 may be
mitigated by the slower economic times, say
some credit and legal experts,...
Administration officials estimate that the
plan will help as many as four million
people avoid
foreclosure,
at a cost to taxpayers of about $75 billion....
Economy Falling Years Behind Full Speed
The New York Times
As the recession grinds
on, more and more of the nation’s means
of production — its workers, its
factories, its retail outlets, its
freight lines, its bank lending, even
its new inventions — are being
mothballed, ...
The Truth Behind 'Short' Refinancing
FOX Business- If homeowners
facing foreclosure could get the bank to
refinance their
homes at their current values, they
could keep their houses...
Don't let 'zombie debt' come back to
haunt you
Examiner.com -
Even if you've had debt
forgiven through a foreclosure or a
"short sale," debt collectors can still
try to get you to pay up - even though
you have no legal ...
Homeowners Come Up Empty in Bailout
The
Washington Independent, DC -
As foreclosures mount, the
bill’s provision calling for more loan
modifications will have only a modest
effect, considering that subprime mortgages
have ...
"Short sales" not easy transactions
Seattle Times, United States -
Short sales are a financial
tactic that appears only in real-estate
downturns. Such sales are supposed to be a
win-win that gets the seller. ...