Mar 9th 2012 1:45PM
While there may be signs that the housing market is mounting a comeback, homeowners hit hardest by the real estate meltdown aren't growing any more patient, a new poll suggests. An online poll conducted by real estate website HousingPredictor found that nearly half of of those who responded said that they would walk away... Continue Reading »
Feb 23rd 2012 10:20AM
By Jessica Dickler, CNNMoney NEW YORK -- Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country -- and many of them are doing so voluntarily. Over 36,000 homes valued at $1 million or more were foreclosed on -- or at... Continue Reading »
Oct 10th 2011 8:00AM
By Ryan J. Downey I made my last mortgage payment on Nov. 1, 2009. Bank of America changed the locks on my house on Sept. 29, 2011. I realize that my results may not be typical and that every situation is unique. But I'd like to provide people in a similar spot with something that wasn't readily available to me when I... Continue Reading »
May 11th 2011 1:30PM
Peter Safronoff drives a Hyundai and lives in a rental bungalow in Encinitas, Calif., a beach community north of San Diego. At 63, it's not the golden-years lifestyle the financial consultant planned on, but it's the one he has. "I live in a beautiful place, in more modest circumstances," he says, "but at least I know I... Continue Reading »
Apr 21st 2011 4:52PM
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 »
