An East Main Street home heavily damaged by fire in 2015 but still standing is on schedule to be torn down in May through the county's land bank program. County Economic Development Director Tad Herold told the Chamber of Commerce at its recent meeting that delinquent tax assessment and collection funding will cover the cost of having the home torn down.
While a 20% down payment and a great credit history are commonly recommended for buying a home, there are still ways you can be approved for a mortgage without them. The secret is finding your personal strengths as a potential homebuyer and overcoming your weaknesses. Foreclosure News
Shannon Otto, whose nursing license was briefly suspended after falling behind on her student loan payments, at her home in Nashville, Tenn., Oct. 23. Tennessee, along with Texas, is one of the 20 states that can suspend peoples professional or drivers licenses if they fall behind on loan payments, according to records obtained by The…
The foreclosure rate in Minnesota is now at the lowest level in more than a decade, and far below the national average. At the end of September, just 0.2 percent of all Minnesota homeowners with a mortgage lost their homes to foreclosure, according to CoreLogic, which tracks mortgage delinquencies at several intervals. Foreclosure News
Housing costs Americans more than at any time in history, and it's only getting worse as foreclosures open the door to market-cornering by inconceivably vast hedge funds who buy all those “distressed properties” and turn then into bond-coupon factories where the rent ratchets higher and higher, well ahead of inflation, wages, or affordability. Nuclear War…
Can the government take your home and all your equity in it if you fall behind on your property taxes or – like many people in Flint, Mich. – refuse to pay your water bill? The state of Michigan and a handful of other states think so. Foreclosure News
The U.S. Supreme Court agreed to decide whether thousands of borrowers can invoke a federal debt-collection law when they are facing foreclosure. The justices said they will hear an appeal from a Colorado man who defaulted on a $ 330,000 home loan in 2009 and is now battling a law firm that sought foreclosure on…
