Dec 16th 2010 11:50AM
NBA legend Julius Erving, universally known as Dr. J, is facing foreclosure now that he has defaulted on the mortgage for his 6,572-square-foot St. George, Utah home (pictured below) that he had custom-built in 2006, reported TMZ. "When I moved to Utah, I thought about it as moving into semi-retirement, the back nine of... Continue Reading »
Oct 15th 2010 1:12PM
There's a new federal program to help delinquent homeowners keep their homes as they grapple with loss of income: Up to $50,000 in an interest-free "bridge" loan for lower-to-middle-income mortgagers to cover past-due and future mortgage payments. With so many homeowners disheartened by the lack of acceptance into... Continue Reading »
Sep 16th 2010 3:19PM
There's nothing like a housing crisis to inspire moral ambivalence. In a recent survey conducted by the Pew Research Center, more than a third of respondents said walking away from a mortgage is acceptable in certain situations. While a solid majority (59 percent) believes that so-called "strategic defaults" are wrong, an... 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 »
Aug 30th 2010 4:35PM
Could this month's dreadful home sales numbers prompt the feds to offer another homebuyer tax credit? Mum's the word on Capitol Hill, but HUD Secretary Shaun Donovan would not rule out the option during an interview Sunday on CNN. Existing-home sales sank 27.2 percent in July, and sales of new homes dropped to their lowest... Continue Reading »
