Avoid Foreclosure

Day: February 24, 2010

1/4 of All Mortgages are Upside Down

1/4 of All Mortgages are Upside Down

Feb. 23, 2010, 6:21 p.m. EST 11.3 million homeowners underwater on mortgage WASHINGTON (MarketWatch) — More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic. More than 10% of people…  Continue Reading

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U.S.New-Home Sales “Unexpectedly” Fell to Record Low

U.S.New-Home Sales “Unexpectedly” Fell to Record Low

Editor’s Note: Why is everything “unexpected”??? By Bob Willis Feb. 24 (Bloomberg) — Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record, a sign that an extension of a government tax credit may not be enough to rekindle demand. Purchases declined 11 percent to an annual pace…  Continue Reading

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