By Jim Woodard
Published: May 24,2013
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. [...]
By Benny Kass
Published: March 7,2013
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."
By Benny Kass
Published: February 8,2013
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?
By Benny Kass
Published: January 22,2013
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.)
By Benny Kass
Published: December 17,2012
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.
By Tony Brown, Staff Writer
Published: December 13,2012
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, [...]
By Scott Baughman
Published: November 27,2012
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.
By Benny Kass
Published: November 20,2012
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.
By Jim Woodard
Published: August 29,2012
Senior homeowners are the most vulnerable segment of consumers to suffer from today's home mortgage crisis, according to a report from AARP.
By The Associated Press
Published: August 13,2012
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.
Sign up today to receive The Mecklenburg Times’ free E-Alerts and be the first to read breaking news.
Sign up or manage your alert.
