Senior homeowners are the most vulnerable segment of consumers to suffer from today's home mortgage crisis, according to a report from AARP.
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Several city and county government leaders, most notably in San Bernardino, Calif., are considering using eminent domain to force lenders to sell troubled "underwater" homes to private investors at prices less than the balances of their mortgages.Read More »
Most economists and homeowners believe strategic defaults are a bad idea, revealed a new survey. A strategic default occurs when a homeowner permits his mortgage to default, possibly leading to foreclosure, even though he or she can afford to make the payments.Read More »
A successful mortgage modification doesn't necessarily mean the homeowner's problems are over. In fact, most of those borrowers will become delinquent again within 18 months, a recent study revealed.Read More »
Home prices rose 1.8 percent in May compared with the previous month, according to a report from CoreLogic. This is the third consecutive monthly increase this spring.Read More »
Limited supplies of housing inventory held back existing-home sales in May, but sales still maintained a strong lead over last year's levels and home prices are now on a sustained uptrend in all regions, according to the National Association of Realtors.Read More »
Home prices are again rising in most markets. That may stem, in part, from the large number of homeowners experiencing negative equities with their home mortgage. That was the conclusion drawn by CoreLogic researchers after recently completing a study.Read More »