Posts with tag distressed homes

FICO Now Predicts Strategic Default: Don't Walk Away

Think you know your neighbors? FICO Labs, a unit of the Fair Isaac Corp., is implementing a new technology that will measure the likelihood of a homeowner walking away from their mortgage, even when they can afford the payments. The concept is known as strategic default, and it has been difficult to predict in the past.... Continue Reading »

Snakes on the Plain: Infested Home Still Seeks Buyer

We heard of the homes infested with bedbugs, ghostly apparitions, as well as those overrun with mold. But one home for sale in Idaho is said to have thousands of slithering snakes living sandwiched between the walls and the siding, making noises in the soffits, and resting in the crawl space. The infestation is so bad --... Continue Reading »

$1,000-Down Home Deals: Enough for Detroit Police?

Angela Beauford, a retired Detroit firefighter, says there is not much the mayor there can do to entice her to move back to the city, not even offer sweet home deals. But hoping otherwise is the mayor of Motor City, who on Monday rolled out a project for Detroit police officers and firefighters that will help them qualify... Continue Reading »

Home Seller Forecasts for 2011

The housing market faces high hopes -- and plenty of handwringing -- in 2011. Tara-Nicholle Nelson of our sister site, WalletPop.com, bravely sorts through the year's possible trends to pluck some likely outcomes for home sellers. Past is prologue, they say. And that's certainly true when looking forward to what the... Continue Reading »

Mortgage 'Vultures' Keep Defaulting Owners in Homes

You might think a vulture is the least likely creature to help you save your home. But there's a group of vultures who are doing just that -- in fact, they're being more of a friend, to many homeowners in trouble, than banks are. One of them, mortgage-bond trader Lewis Ranieri, has developed a method to keep troubled... Continue Reading »

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