Mar 11th 2013 10:00AM
By Les Christie Borrowers who lost homes to foreclosure during the housing bust are starting to buy again. Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 million gave them up in short sales, according to RealtyTrac. While many are still struggling to recover... Continue Reading »
Aug 8th 2012 4:30PM
By Alex Viega LOS ANGELES -- U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report. Still, the rate of decline remains slow, credit reporting agency TransUnion said Wednesday. The... Continue Reading »
Jan 18th 2011 4:33PM
An elderly woman is suing two banks and a law firm that tried to foreclose on her Deptford, N.J., home after she missed making her final mortgage payment of $432 when she was in the hospital, reported the Associated Press. The tragedy possibly could have been avoided had she taken some precautions, say experts who spoke to... Continue Reading »
Jan 18th 2011 11:40AM
Why are Canada's homeowners less likely to face foreclosure? Fewer than 1 percent of Canadian mortgages are in arrears, compared to the 2.9 million homeowners that received foreclosure notices in the U.S. in 2010. You might think it's because there are a lot fewer Canadians, and you'd be right on that score. Canada's... Continue Reading »
Jan 13th 2011 10:28AM
Foreclosure filings are increasing, and the housing crisis is worsening because of them. Year-end data from RealtyTrac shows that 2010 was the worst year yet -- specifically 23 percent worse than 2008, the first year of the recession. Douglas Mcintyre of our sister site, DailyFinance.com, sifts through the data to draw... Continue Reading »
