News about properties and real estate
Homeowners rent out rooms to stave off foreclosure Reeling from the recession’s one-two-three-punch of job woes, climbing mortgage payments and evaporating equity, desperate homeowners are dipping into a nearby income stream to avoid foreclosure: That bedroom just down the hall. While renting out a room has been around for years, especially in the California’s Latino …
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Foreclosure mystery: Why can’t conservative Utahns afford their mortgage? During the housing bubble, they led the nation in bankruptcies. Now that the bubble is bust, they’re among the top states in foreclosures. A RealtyTrac report released Thursday showed they had the fifth-highest foreclosure rate among the states, with 1 in 231 homes receiving a foreclosure …
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How to Compete Against Foreclosures Want to know the big secret to selling a home quickly? Make it look pretty. Patrick McAllister and his wife Lisa Cox had an edge in that regard. Their 1917 Craftsman house was beautifully renovated with hardwood floors and bright, airy rooms. Carefully chosen artwork hangs on the walls. In …
Mortgage meltdown: Orlando-area minorities likelier to take credit hit in distress sales of homes [Central Florida] Distress sales now define Orlando’s still-slumping home market: Two-thirds of all resale closings in the metro area’s core market these days are either bank-owned foreclosures or lender-approved short sales. But the proportion of foreclosures to short sales varies drastically …
Struggle with bank drags on past a year Joe and Dee Setzer, embroiled in a long battle with their lender to modify their mortgage, also narrowly avoided spending thousands with what state prosecutors say appear to be illegal foreclosure assistance firms. The Iredell County couple considered paying $1,290 last September to a Florida firm advertising …
Mortgage lenders pursue homeowners even after foreclosure As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind …
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