The homeownership rate has reached its lowest point since 1995. Capital Economics predicts further declines before a rebound occurs. The analytics firm predicts that the homeownership rate will fall to a low of 64 percent. If and when it does, the market will have about 9 million more renters than when the homeownership rate peaked. [...]
A deed-in-lieu means you give the deed to your house to your lender, and the lender does not foreclose. Thus, the concept "in lieu," meaning "instead of."
I offered full price — $168,000 — for a home in foreclosure. The bank came back with a refusal and a new sales price of $240,000. That is $72,000 over the asking price. Is this legal?
My husband and I are at the end of a “deed in lieu of foreclosure.” The bank said it signed a deed transfer and we are not responsible if any damage is done to the house. (It changed the locks and we have no access.)
My sisters and I "own" some Tennessee properties inherited from my late father, who died in 1984. In his will, he wanted to provide for his current wife, "B,” so she was given a "life estate" for her use of both properties during her lifetime.
My sisters and I are the owners on the deeds. One of the properties is a residence, and the other is an income-producing commercial property.
Bucking a trend sweeping the country, the number of homes entering foreclosure in the Charlotte metropolitan area shot up last month by a whopping 65 percent over November 2011, putting a dent in other data showing the region’s real estate market bouncing back from the 2008 crash. According to a report released Thursday by Irvine, [...]
Conventional wisdom suggests that if you buy a home that was foreclosed upon, you're going to pay less. According to a new report from online real estate site Zillow, that discount is shrinking in markets across the nation.
I lost my home to foreclosure in August 2011. I had a second mortgage on the home that was secured by a deed of trust for $99,000. This was a home equity line of credit that I used to pay off a pool loan, used for home improvements and later tapped each month to make the mortgage payment.
Senior homeowners are the most vulnerable segment of consumers to suffer from today's home mortgage crisis, according to a report from AARP.
The number of homes that received an initial notice of default – first step in the foreclosure process – was 6 percent higher in July than last year, foreclosure listing firm RealtyTrac said. Filings of initial default notices have increased on an annual basis three months in a row.