Should you be a landlord in your retirement?
In 2005, everyone I knew was buying real estate. With no experience and no money, they bought properties they couldn't afford and were convinced they were going to make a fortune.
In 2005, everyone I knew was buying real estate. With no experience and no money, they bought properties they couldn't afford and were convinced they were going to make a fortune.
New York has signed into law an amendment redefining a reverse mortgage as a “home loan.” With this amendment, statutory pre-foreclosure ninety day notices and a “certificate of merit” will be required in all New York reverse mortgage foreclosures. Foreclosure News
He worked at the bank's debt-collections center near Portland, Ore., talking on the phone to customers who owed Wells Fargo money. It wasn't glamorous, but the job enabled him to afford a two-story suburban house with mustard-colored aluminum siding. Foreclosure News
The quarter-to-quarter increase in the mortgage delinquency rate is nothing to get excited about – yet, said a member of the Mortgage Bankers Association economics team. The seasonally adjusted delinquency rate for the fourth quarter was 4.8%, up 28 basis points compared with the third quarter and 3 basis points higher than the fourth quarter…
Yet in the last few years, these mortgages have reappeared as an option for some homebuyers. Should you consider getting an interest-only mortgage? , you make a set payment over a set period of time, and the payment is applied to both the principal and interest . Foreclosure News