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Courts to help homes

Homeowners who fear they may lose their house to foreclosure have a new place to turn for help. The state courts system has set up a new mediation program designed to give troubled homeowners and lenders a place to work out a solution when borrowers fall Read More...
Posted Wednesday, January 13, 2010 2:20 PM by Helen Oliveri | 0 Comments

Foreclosure Listing Service Gears up for Shadow Inventory

For some business during the down cycle of the housing crisis, a wave of foreclosures lurking in the nation’s shadow inventory – the supply of homes either seriously delinquent or in the foreclosure process but not yet listed – can be Read More...
Posted Monday, January 11, 2010 1:45 PM by Helen Oliveri | 0 Comments

Personal Bankruptcy Filings Rising Fast

The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses. And more people are filing for Chapter 7 bankruptcy, which liquidates assets to pay off some debts and absolves Read More...
Posted Wednesday, January 06, 2010 1:48 PM by Helen Oliveri | 0 Comments

Foreclosures Weigh on Home Appraisals

It wasn't the first time that Katherine Scheri ruined a real estate agent's day with a low property appraisal. Scheri, a real estate appraiser, had sized up a three-bedroom, two-bath house in Santa Ana, Calif., for $30,000 less than what the buyers Read More...
Posted Monday, January 04, 2010 1:29 PM by Helen Oliveri | 0 Comments

Consumer confidence up, house prices stall

NEW YORK (Reuters) - U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains. The consumer confidence reading released on Tuesday reinforced Read More...
Posted Wednesday, December 30, 2009 12:28 PM by Helen Oliveri | 0 Comments

Where's The Plan On Foreclosures? Force Banks To Reduce Loans!

Some people may not like them, but we've got very detailed plans to help the banks, create jobs and improve health care. But where's the plan to help families facing foreclosures? What's the air date for the primetime address on how to prevent Read More...
Posted Tuesday, December 29, 2009 10:55 AM by Helen Oliveri | 0 Comments

Major Lenders Institute Holiday Foreclosure Moratoriums

As DSNews.com previously reported, Fannie Mae, Freddie Mac , and Citigroup said last week that they were all suspending foreclosure actions during the holidays. And as expected, other major lenders have followed suit, including Bank of America, JPMorgan Read More...
Posted Tuesday, December 22, 2009 1:04 PM by Helen Oliveri | 0 Comments

Can it be cheaper to not Pay your Mortgage and Walk Away?

PHOENIX -- Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag. In good times, it would have been unthinkable to stop paying the mortgage. But for Derek Figg, a 30-year-old software engineer, Read More...
Posted Thursday, December 17, 2009 11:38 AM by Helen Oliveri | 0 Comments

American Dream 2: Default, Then Rent

Housing Starts in U.S. Climb 8.9% to 574,000 Pace December 16, 2009, Bloomberg Builders in November broke ground on more U.S. homes, a sign the recovery in homebuilding may carry through into 2010. Housing starts rose 8.9 percent to an annual rate of Read More...
Posted Wednesday, December 16, 2009 11:34 AM by Helen Oliveri | 0 Comments

Time to Fold

GROWTH may have returned at long last to the American economy, but the housing crisis which set the recession in motion rolls on, impervious to government fixes. Nine months since Barack Obama announced his plan to keep Americans in their homes , foreclosures Read More...
Posted Tuesday, December 15, 2009 10:42 AM by Helen Oliveri | 0 Comments

U.S. Economic Recovery Not So ‘Great’ in 2010

The recovery following the so-called “Great Recession” that started in 2007 will not itself be as great. But it is a recovery nonetheless. One that began in the second quarter of 2009 and will continue throughout 2010, said forecasters from Read More...
Posted Monday, December 14, 2009 12:42 PM by Helen Oliveri | 0 Comments

Former OU Football Star Defaults on Malibu Home

A Notice of Default has been filed on a Malibu, Calif., mansion owned by former Oklahoma University football star Brian Bosworth, who also spent two years in the NFL playing for the Seattle Seahawks before moving on to a intermittent movie career. According Read More...
Posted Thursday, December 03, 2009 9:17 AM by Helen Oliveri | 0 Comments

City targets ex-NBA star for 'slum' housing

The Prairie Avenue apartment building -- described by the city as a slum nuisance -- sits a short drive from where Antoine Walker once dominated basketball games, a prodigy at Mount Carmel High School on his way to escaping South Side poverty to become Read More...
Posted Monday, November 30, 2009 10:32 AM by Helen Oliveri | 0 Comments

Glenview not optimistic about Navy land purchase

The Navy's plan to return 27 acres of property to the Glenview tax rolls could be delayed by the recession, officials say. The first challenge will be to decide whether to buy the land at Shermer Road and West Lake Avenue from the Navy when it comes Read More...
Posted Wednesday, November 25, 2009 12:26 PM by Helen Oliveri | 0 Comments

Chicago-area home sales jump 33%

CHICAGO - Like holiday shoppers in search of a good bargain, first-time home buyers were out in force last month, scooping up homes to grab a federal tax credit that was to have expired Nov. 30. As a result, sales of existing single-family homes and condos Read More...
Posted Tuesday, November 24, 2009 7:00 AM by Helen Oliveri | 0 Comments
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