For retirees who own their home and want to stay living there, but could use some extra cash, a reverse mortgage is a viable financial tool. But there's a lot to know and consider to be sure it's a good option for you.
On August, 16, 2018, FHA announced it is updating its foreclosure prevention option for borrowers in Puerto Rico and the U.S. Virgin Islands impacted by hurricanes Irma and Maria. This will give borrowers with delinquent FHA-insured mortgages easier access to bring their mortgages current without an increase in their interest rates or monthly payments. Foreclosure…
The recovery from the Great Recession has hit a milestone: Total household debt climbed to $ 12.73 trillion in the first quarter to top the peak reached in 2008 before the housing market crash and severe economic downturn led to a historic reduction, according to government data released Wednesday. But this time, Americans are doing…
California now has the highest poverty rate in the country thanks to the cost of housing. Since 2005, more than 2.5 million Californians have been forced to leave the state in search of a home they can afford. Foreclosure News
Karen Stratton doesn't cry often. But the city councilwoman teared up last week as she looked out on the High Drive Conservation Area from her late aunt's home on South Maple Boulevard. Foreclosure News
ABA Journal Daily News
The tax foreclosure crisis in Wayne County contines, with another massive batch of properties at risk of being seized. The 2016-2017 foreclosure cycle wraps up June 28, the date by which home owners with three years' worth of back taxes have to make payment arrangements with the Wayne County Treasurer's Office. Foreclosure News
