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

Bailout official labels mortgage modification program a failure

Neil Barofsky, the man in charge of overseeing the bailout programs, recently labeled the mortgage modification program complete failure.
Congressional Hearing

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.

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

Third Quarter 2009 Foreclosures at an All Time High

Foreclosures rates for the third quarter of 2009 are at an all-time high but they are contradicted by slight improvement in the month of September...
A restaurant in New Orleans suggests Foreclose on the Banks. Image from Flickr.