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Reverse mortgages are a popular way for seniors to access needed funds. In a reverse mortgage, you are, in essence, incrementally selling your home back to a lender with the proceeds set up as a line of credit.
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Mortgage Rates Tuesday: Falling Rates, Rising Homeownership
ByadminThe 30-year fixed-rate mortgage and the 15-year fixed-rate mortgage both fell three basis points, and the 5/1 ARM dropped one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday. It was the second day in a row that mortgage rates fell across the board. Foreclosure News
The Boulevard Mall Has Been Sold
ByadminThe oldest operational mall in the area has been sold. The Boulevard Mall on Niagara Falls Boulevard in Amherst had been up for sale since July of 2016. Foreclosure News
City of Minot hires lawyer in intermodal station foreclosure dispute
ByadminThe Minot City Council has taken on legal counsel to handle the city's end of an ongoing foreclosure dispute with an intermodal station in the city. Court records indicate that First Western Bank and Trust has declared two separate loans in default from North Dakota Port Services, which leases the station's land. Foreclosure News
Richard Dahnken v. Wells Fargo Bank Na 2005 PR4 Jpmorgan Chase Bank…
ByadminRICHARD DAHNKEN, Plaintiff-Appellant, v. WELLS FARGO BANK, NA, Trustee of Wamu Mortgage Pass-Through Certificates, Series 2005-PR4; JPMORGAN CHASE BANK, N.A.; MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., Defendants-Appellees. Foreclosure News
Growth in New Orleans home prices may force out longtime residents, study says
ByadminThe New Orleans housing market is strengthening, with home prices climbing in most neighborhoods and the number of vacant or blighted properties shrinking, according to a new analysis. New Orleans residents need on average to earn at least $ 19.15 per hour to rent a two-bedroom apartment in the city and live comfortably, a rep…
Thousands of New York homes hurt by – nightmare neighbors’
ByadminTen years after the foreclosure crisis began, the pain grinds on locally in low-income areas and communities of color, while big financial institutions are riding high with billions of dollars in profits amid record stock-market peaks. So why are banks letting local homes they foreclosed on and now own rack up hundreds of city violations…