May 24th 2012 12:46PM
By Les Christie @CNNMoney NEW YORK -- Despite rising home prices, more than 30 percent of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow. The percentage of borrowers who owed more on their home than it was worth increased to 31.4 percent... Continue Reading »
Mar 5th 2012 10:20AM
Only about 1 in 20 underwater homeowners may qualify for principal reduction under states' recent settlement with five big banks, a new study says. A calculation by a Brookings Institution economist narrowed down the pool of underwater homeowners to 500,000 who could qualify for principal reduction from the $25 billion... Continue Reading »
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 »
