OPED: Don’t fall victim to reverse-mortgage con
A reverse mortgage will cause you to lose your equity. The cash flow you accept, perhaps 20 percent to 50 percent of your home's value, will be all you ever get by the time the bank owns your home.
A reverse mortgage will cause you to lose your equity. The cash flow you accept, perhaps 20 percent to 50 percent of your home's value, will be all you ever get by the time the bank owns your home.
Ten years ago this month was the start of a vicious recession, and some scars remain even if the economy has healed. The Great Recession, the most painful downturn since the Great Depression, destroyed more than 248,000 jobs in metro Atlanta — about one of every 10 — and led to a quarter-million foreclosures. Foreclosure…
In its first year of home sponsorship, Dominium is providing $ 50,000 and 100 volunteers this month to support the building of a Habitat home in the Jordan neighborhood of north Minneapolis for a working-poor family that will invest sweat equity and qualify for a no-interest mortgage. In the fiscal year that ended in June,…
Christa Battaglia, right, and Brendan Keating in the duplex they share with their children, Gideon and Fiona, and Battaglia's father, Joseph Battaglia, on Chicago's north side, July 12, 2018. A record 64 million Americans now live in a multigenerational home, according to a Pew Research Center report, up from 32.2 million in 1950. Foreclosure News
Many homes that go into tax foreclosure in Detroit are owned by landlords. The renters are often booted out once the homes are sold at auction. Foreclosure News
Mortgage foreclosure filings decreased 16.5% in Luzerne County, Pa., last year, and year-to-date figures indicate the decline may continue in 2018, according to new statistics from the county sheriff's office. A total 659 mortgage default actions were filed in the county last year, compared to 789 in 2016, said Ryan Foy, who oversees foreclosure sales…
Life after 60 can revolve around retirement – but that's not the only financial challenge that's likely to come up. Many older consumers also have problems coping with debt payments, understanding their loans and recovering from financial scams, among other issues, according to a new report from the Consumer Financial Protection Bureau. Foreclosure News