Apr 12th 2013 2:00PM
By Deanna Templeton Foreclosures can do a number on your credit report, even for years after they happened. With the Great Recession causing an upheaval in the housing market and many homeowners behind on payments, the aftermath of foreclosures is still a reality for many Americans today. One reader wrote to Credt.com... Continue Reading »
Apr 11th 2013 4:50PM
A shocking number of U.S. homeowners who had foreclosure proceedings brought against them by the biggest mortgage companies during the housing bust nearly lost their homes because of a potential banking error, The Huffington Post reported. Nearly a third of foreclosed borrowers, or 1.2 million, in 2009 and 2010... Continue Reading »
Apr 11th 2013 10:00AM
By Les Christie The number of homes lost to foreclosure is closing in on levels not seen since before the housing meltdown. Foreclosure filings -- including notices of default, scheduled auctions and bank repossessions -- during the first quarter fell 23 percent from a year earlier, the lowest level since the second... Continue Reading »
Apr 2nd 2013 3:00PM
By Les Christie Tom Roeser is on a one-man mission to save Carpentersville, Ill., from falling into the fate of so many post-industrial Midwestern towns, where neighborhoods have become littered with vacant, foreclosed homes. Over the past several years, the 60-year-old president and co-owner of the town's largest... Continue Reading »
Mar 22nd 2013 8:00AM
Short sales are a popular option for homebuyers right now because they're cheap. Well, cheaper than regular non-distressed properties. We recently brought you the 10 best cities to buy short sales, where they sold at an average of 23 percent below market rate. There were three times as many short sales as sales of... Continue Reading »
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