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 »
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 29th 2011 5:00PM
Walking away from your underwater home, even temporarily, can have serious consequences. Just ask Willard and Holly Brown, who lost $116,000 by walking away from their house in Clarkston, Wash. The Browns, who owned a home with a filed homestead exemption -- which protects a home from creditors in certain circumstances --... Continue Reading »
Jan 21st 2011 10:26AM
Walking away from your mortgage has become a trend as more homeowners find themselves underwater -- that is, their home is worth less than their mortgage. But as Ann Brenoff explains, at our sister site, WalletPop.com, you need to know the consequences of strategically defaulting before making the leap. As home values... Continue Reading »
