Liz Weston: When your emergency fund runs out
You've cut spending to the bone, sold excess stuff and hustled every side gig imaginable. But your emergency fund, if it ever existed, is on fumes.
You've cut spending to the bone, sold excess stuff and hustled every side gig imaginable. But your emergency fund, if it ever existed, is on fumes.
The Massachusetts Supreme Judicial Court provided further guidance – up to a point – on mortgagees' strict compliance with the notice of default provisions within paragraph 22 of the standard mortgage and when that standard takes effect. Mortgage holders have litigated this issue for years in Massachusetts, and the SJC first addressed compliance with paragraph…
Wells Fargo has admitted a “calculation error” may have led to as many as 400 struggling homeowners needlessly losing their homes to foreclosure. The mistake in a mortgage-modification tool, discovered nearly three years ago , wrongly factored lawyers' fees into the formula put forth by the government to determine if a homeowner would qualify for…
The Federal Housing Administration's 2018 audits revealed that losses from real estate reverse mortgages destroyed about a third of the taxpayer-guaranteed insurance reserves. The FHA Mutual Mortgage Insurance Fund on November 15 reported an $ 8 billion profit with a $ 1.26 trillion portfolio of loan guarantees for the fiscal year ending September 30. FHA's…
The cost of renting a Valley house or condo is up $ 150 a month from early 2016. The average apartment rent is up almost $ 50 a month from last year. Foreclosure News
It's not uncommon for a household at any income level to run into temporary money shortages. The initial problem may be a sudden large expense, a loss of income, or snowballing credit card debt. Foreclosure News
Nevada is rolling out a slate of legislation affecting consumer finance, including a measure to protect consumers' privacy online and programs aimed at mitigating their risk of foreclosure. Here is a list of measures recently signed into law by Governor Brian Sandoval. Foreclosure News