Sep 19th 2011 12:45PM
Victims of the foreclosure mess and housing crisis are taking to the streets -- literally. Street demonstrations are being planned in 10 cities, and in the crowd at the first one you are going to see Dixie Mitchell, a 74-year-old cancer survivor who refinanced her paid-off home to help one of the foster kids in her care --... Continue Reading »
Dec 20th 2010 2:02PM
In New York State, foreclosures have dwindled dramatically, but it's not due to some huge upswing in the housing market. Rather, it's the result of a state judge's ruling in October that banks must reaffirm that they know their foreclosure documents are accurate based on their own examination of the paperwork. Abigail... Continue Reading »
Jul 14th 2010 9:58AM
Frustrated by the efforts of the federal government, New York City comptroller John C. Liu, pictured left, and six unions will initiate a campaign today to encourage big lenders to increase measures to prevent foreclosures in the New York metropolitan area, according to The New York Times. In a letter drafted by the group,... Continue Reading »
Mar 5th 2010 9:45AM
Late on your mortgage? Did you know you might be able to negotiate a 20 percent reduction in what you owe? Josh Rosner, a financial analyst specializing in mortgage-backed securities, says that lenders know that if a home goes into foreclosure, the lender will lose 60 percent or more. So what's stopping them? The banks... Continue Reading »
