Foreclosures
Thousands of homeowners underwater on their Bank of America mortgages could receive one of the 200,000 letters the bank is sending out offering partial loan forgiveness. According to Bankrate.com, BofA borrowers have to clear a pretty significant series of hurdles in order to qualify for the “principal reduction program”
Read MoreHe’s got himself in a real pickle. The President has been ineffectual in resurrecting the housing market from the crash he (to be fair) inherited in 2008 over four years in office! As Stacy Kaper reports in The National Journal, he won’t mention housing much because he has so little to brag about. He and his team…
Read MoreBoarded up brownstones in Cicero I never thought I’d see the city of my birth blow out Miami and Phoenix when it comes to having the most foreclosures in the nation right now, but Chicago takes the cake. Almost 119,000 homes in foreclosure. The problem: those stubborn banks are not letting go. This, of course,…
Read MoreFree house, anyone? Or how to save on real estate big time. You’ve got to read this story by my colleague Sheree Curry and chime in — hope I get it straight: a couple in Iowa made one payment on their $278,000 home and then went to see a bankruptcy attorney about letting the house…
Read MoreYou won’t believe this. I have been in some pretty raunchy foreclosures, but this truly takes the cake. And ew, what is that spotted black stuff all over?
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