Dec 11th 2012 11:20AM
By Les Christie A soon-to-expire tax break for troubled homeowners is helping drive a spurt in short sales. During the three months ended Sept. 30, short sales in which homeowners had fallen behind on mortgage payments soared 22 percent over past year, according to a report released Thursday by online marketing company... Continue Reading »
Sep 6th 2012 3:30PM
You couldn't pay Mark Williams to own a home again. "Give me the money for it," he said. "I'm still not buying a house." It's not that he always felt this way. Williams (pictured at left) did profit handsomely from the housing market's boom years, selling a Sacramento home in 2005 for more than twice as much as he... Continue Reading »
Jul 30th 2012 11:15AM
Due to a confluence of several factors, experts predict that there will likely be a significant uptick in the number of short sales for distressed properties throughout the rest of the year, with a spike coming over the next few months. The market for short sales -- that is, underwater homeowners selling their houses... Continue Reading »
Jul 20th 2012 1:35PM
Underwater mortgages have plagued the housing market since the housing bubble burst in 2006. Rapidly declining prices meant that homeowners started to owe more on their mortgages than their homes were worth. This can lead to short sales, foreclosures, and a serious blow to a households' net worth. CoreLogic released... Continue Reading »
Jul 19th 2012 1:30PM
After splitting from her husband, Tami Wingfield couldn't afford to keep up with the mortgage on the home that they had shared. The monthly $1,600 bill was too much for her to bear alone, and in 2008, she lost the house to foreclosure. Like many people who lost their homes in the housing collapse, Wingfield decided the... Continue Reading »
