Home prices drop as foreclosure rates soar

Home price index reports home prices down nationally by the largest margin since 28008, partially due to increased number of foreclosures.
House in foreclosure

Strategic defaulters more likely to be financially educated

Strategic default has been discussed more during the housing recession, and the people who do it are generally more financially savvy.
Walking Away

14 banks ordered to pay homeowners back for bad foreclosures

Terms of the robosigning settlement include 14 financial institutions having to repay homeowners whose homes were wrongfully foreclosed.
Foreclosure sign

How Can Your Credit Score Be Saved With Something As Simple As A Payday Loan?

Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.

Maryland charging a foreclosure maintenance fee

In effort to slow down plummeting home values, a Maryland county is asking state lawmakers for the right to charge a fee on foreclosed homes.
Foreclosure

Chase Bank in trouble for treatment of servicemember loans

Active duty servicemembers with mortgages or student loans through JPMorgan Chase are facing additional fines or changes to repayment.
Paperwork

Administration: Principal reduction keeps foreclosures in check

The regulator for Fannie and Freddie won't let the agencies participate in principal reduction to stem a rising tide of underwater mortgages.
another foreclosure, more to come

Facts About Installment Loans Everyone Should Know Before Applying Online

Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.
Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.

Arizona sues Bank of America over loan modifications

Arizona is suing Bank of America for fraud over mortgage loan modification practices. Nevada reportedly will follow suit in the near future.
The Bank of America logo as seen outside a bank in San Jose, Calif.

U.S. home ownership rates falling as foreclosure crisis deepens

U.S. home ownership rates have fallen to the lowest level in a decade, and millions of Americans are expected to lose their homes in 2011...
us homeownership rate hits the dirt

Renting with bad credit requires a strategy for success

Renting with bad credit is a challenge more people are facing. It's possible if renters use these basic elements of a strategy to succeed.
renting with bad credit

How To Get A Cash Advance Without Providing Collateral or Submitting To A Credit Check

Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.
Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.

Repossessions by mortgage loan lenders climb

Foreclosures by banks are declining, but repossessions, which do the same thing without the paperwork, are skyrocketing as well as auctions.
Gavel

Existing home sales dip 2.6 percent in June

Existing home sales lagged by 2.6 percent in June, after a 30 percent drop in May. The tax credit expiration has severely hurt the market…
A sparkling new home.

Walking away | The basics of strategic default

Simply walking away from a mortgage, even when you can pay it, can be a very smart -- or very bad -- decision. Learn more here. READ MORE...
Chess

How Personal Loans Online Can Prevent Your FICO Credit Score From Going Down

Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.
Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.

What can you do with an underwater home mortgage?

Having an underwater home mortgage doesn't offer many good options, but new federal programs can offer some flexibility. CONTINUE READING...
brick rancher on a sunny day

Mortgage Foreclosed? You Might Still Owe Money

Did you know that even if you have to turn over the keys and walk away from your home, you may still be liable for the unpaid balance on your mortgage?

How To Use Short Term Loans To Get Through a Budget Crisis Wisely

Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.
Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.

Foreclosures, Bad Money Lenders and Unemployment

Despite over a year of foreclosures, bad money lenders and unemployment, Americans are hopeful that 2010 will bring positive changes.
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Subprime Mortgage Study Exposes Yield Spread Premium Money Trap

Consumer groups are calling for the abolishment of yield spread premiums on subprime mortgages. The gross profits lead to foreclosure, they claim.
Do mortgage brokers profit excessively from yield spread premium charges? Will borrowers ever discover credit repair?