Aug 25th 2011 12:30PM
The loan modification programs have been a joke. You have a house that has tanked in value and the best the banks can come up with is a plan where they sort of delay what you owe long enough for you to get back on your financial feet -- if that -- based on the flawed logic that the housing market is certain to improve in... Continue Reading »
Apr 28th 2011 3:15PM
The do-it-yourself video phenomenon that swept the Internet with its hilarious, obscenity- laden iPhone parody is at it again. But this time, those curmudgeonly puppies are taking aim at the real estate market. Xtranormal, a popular online video-making platform that turns user-generated text into animated films, has... Continue Reading »
Oct 20th 2010 5:54PM
There's a new sheriff in town -- or at least, a new role for the sheriff in Cook County, Ill. Sheriff Thomas Dart announced Friday that he would not evict residents from their homes in cases filed by a four major banks about to resume foreclosure proceedings, as of Oct. 25. Illinois is one of the 23 states where a judge... Continue Reading »
Sep 2nd 2010 3:17PM
The federal government's Home Affordable Modification Program has a lot of work left to do if it hopes to catch up to the private sector. HAMP, with its promise of helping up to 4 million homeowners avoid foreclosure, completed 36,695 modifications in July. In the same period, private mortgage programs completed 120,351... Continue Reading »
Jul 9th 2010 1:57PM
It's not just the laid-off industrial worker or the owner of the rundown shanty that's tumbling toward foreclosure or struggling to stay current on their home mortgage. Contrary to common stereotypes, the current housing crisis is plaguing the so-called rich harder than the common man. One in seven homes with loans of $1... Continue Reading »
