"The rent is too damn high," and more of us are being forced to pay it.
Fantasia had to give up her house to the bank. Find out what all happened, Click Here.
42 states have now signed on to the deal that would provide up to $25 billion to “qualified” homeowners who are “underwater” or whose homes have been foreclosed on, since the beginning of the mortgage meltdown. CNN.com has the story. Read More:
CNN.com is reporting that federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders. Most of the relief will go to those who owe far more than their homes are worth, which is known as being underwater on the loans. That relief will come over the course […]
CNNMoney.com is reporting that Housing Secretary Shaun Donovan is one of the participants in the foreclosure settlement talks. The talks are expected to produce a mortgage settlement soon. However, some banks want immunity from criminal prosecution as part of the deal. Read More:
*Former NBA star Allen Iverson, an 11-time All- Star, has stopped paying the mortgage on his 6,848-square-foot house in Cherry Hills, Colorado, the Denver Post reported. http://www.eurweb.com/?p=89825
The holder of mortgage debt on Grammy-winning singer Toni Braxton’s home won bankruptcy court approval to launch foreclosure proceedings against the Georgia property. As of Nov. 23, US Bank said Braxton owed the full $1.5 million on her mortgage, while the property itself been appraised at $1.2 million. Read More:
As the foreclosure crisis continues unabated and the midterm elections approach, at least 12 states have issued guidelines that address the complicated issue of voting while in foreclosure. Read More:
In addition to bank-owned properties, there are two types of foreclosures you can buy: 1. pre-foreclosure; 2. sheriff’s auction. All three are affected by concerns over the way foreclosures have been handled. Read More:
(CNN) The mortgage meltdown is hitting the African-American and Latino communities harder than whites, a new study has found. Of borrowers who took out mortgages between 2005 and 2008, some 8% of both African-American and Latino borrowers have lost their homes to foreclosure, compared to 4.5% of non-Hispanic whites, according to a study by the […]
Via AOLBlackvoices: Vicki Valentine has had to live through the foreclosure nightmare that is affecting all of America. She recently watched a crew of men break the lock on her door and take possession of the home she owned for 30 years. Her father paid off the mortgage in 1984, only to see his daughter […]
