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US Real Estate
Higher prices in April, but can it last?
By
Allison Halliday
| June 29, 2011
Real Estate
,
US Real Estate
,
World Real Estate
UK facing sharp rise in house repossessions
By
Allison Halliday
| June 29, 2011
According to Richard Banks, CEO of UK Asset Resolution, the country is facing a sharp rise in repossessions once interest rates begin to rise. UK Asset Resolution is the state company which was set up to manage the £80 billion of mortgages formerly owned by banks, which were bailed out by taxpayers during the […]
Mortgage
,
Real Estate
,
US Real Estate
Refinancing Homeowners Choosing to Build Equity
By
Allison Halliday
| June 17, 2011
While millions of US homeowners are refinancing in an effort to cut costs, there are a growing number who are building equity by raising their repayments. It makes perfect sense if you can afford it, as some people are shaving several percent off their newly negotiated equity release interest rates, making it possible to pay […]
Real Estate
,
Residential
,
US Real Estate
Less Borrowers Underwater, But It’s Not A Good Sign
By
Mike Wheatley
| June 8, 2011
The percentage of underwater homeowners, those who owe more than their home is worth, has dropped off slightly in the first quarter of this year, but only because so many homes have gone into foreclosure or been sold off as short sales. Despite the drop off, just over a quarter of US homeowners with mortgages […]
Real Estate
,
US Real Estate
Scandal of Forced Placed Insurance Emerges
By
Allison Halliday
| June 7, 2011
It’s estimated that thousands of homeowners have been ripped off with forced placed insurance, and they will be interested to know that the National Mortgage Complaint Center is beginning a national initiative to try to put right this scandal. The watchdog is asking homeowners to contact them on their website, NationalMortgageComplaintCenter.com as they want […]
US Real Estate
Prove You Own My Mortgage!
By
Mike Wheatley
| June 3, 2011
Struggling owners of delinquent homes have found a new wild-card to play in the fight to save their homes from a foreclosure order – forcing mortgage companies to prove they own their loans. More and more homeowners are successfully arguing in court that their money lenders have no proof they own the loan they […]
Residential
,
US Real Estate
Reality Hits Home as Peggy Tanous Faces Foreclosure
By
Allison Halliday
| May 16, 2011
Reality star Peggy Tanous seems to have it all, but the truth is she’s already following in the footsteps of other Real Housewives in facing foreclosure, and is currently in dispute with three banks in an effort to try and keep her home in Irvine, California. PNC Mortgage, US Bank National and the BAC Home Loans Servicing are trying to get a foreclosure, but Tanous is fighting back with her own lawsuit as she believes the banks haven't honored a loan modification agreement.
Real Estate
,
US Real Estate
Protests at Bank of America Shareholder Meeting
By
Allison Halliday
| May 13, 2011
Angry protesters set the scene for the Bank of America’s annual meeting at their headquarters in Charlotte, N.C. Shareholders were eager to tell CEO, Brian Moynihan, about the disastrous effect foreclosure has had on their communities.
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