Beware of bad flips when buying a house in metro Phoenix
A record number of Valley homes have been renovated and flipped. But the rush to fix and flip has led to big headaches and costs for some buyers.
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Owners of Maine inns will file for bankruptcy to avoid foreclosure auctions
ByadminInns in Portland and Camden are scheduled for foreclosure auctions at the end of next month, but a co-owner of both inns said owners will file for bankruptcy to prevent the auctions from taking place. The Camden Harbour Inn, and its restaurant Natalie's, and the Portland-based Danforth Inn, and its restaurant Tempo Dulu, are up…
QE finally coming to an end, 9 years later, long overdue
ByadminAlmost a decade after quantitative easing began in 2008 – where the U.S. Federal Reserve expanded its U.S. Treasuries holdings by over $ 1.9 trillion and acquired another $ 1.8 trillion of mortgage-backed securities, and then kept purchasing more as the bonds matured starting in 2014 – is finally coming to an end. Foreclosure News
Why filing bankruptcy may not necessarily stop a home foreclosure
ByadminI went through Chapter 7 discharge but the bank will not release the lien on my home. What can I do? There is at least one thing that you must know about bankruptcy and how it affects home mortgages: A person goes through the bankruptcy process, not the property. Foreclosure News
As ‘one of the remaining grand mansions of Elgin’ sits…
ByadminGifford Park Association President Dan Miller stands next to what was the David C. Cook Mansion. The association commissioned a study which provided recommendations for what to do with the long-vacant property. Foreclosure News
Good move by Trump administration slams brakes on reverse mortgages
ByadminThere are many good reasons for the federal government to intervene in the economy, but diverting resources from less affluent first-time home buyers to seniors who already own homes would not be at the top of our list. Nevertheless, that is what the Federal Housing Administration's Home Equity Conversion Mortgage program – commonly known as…
Las Vegas home prices approach all-time peak
ByadminPrices for existing homes sold in Southern Nevada kept rising through May and are now approaching their all-time peak, according to a report by the Greater Las Vegas Association of Realtors. GLVAR reported the median price for existing single-family homes sold in Southern Nevada during May through its Multiple Listing Service was $ 295,000. Foreclosure…