Like an ever-growing number of homeowners these days, Robert Harrell found himself falling behind on his California mortgage payments.
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The number of Arizona home mortgage payment problems fell during the first fiscal quarter, a sign the housing market may be on the rebound.
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If you want to buy a home at a bargain price, today’s housing market is tailor made for you. America’s cooling market is not only driving builders and sellers to slash asking prices, but it is also resulting a rise in the number of forecloseures.
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Teresa Weathers may have bitten off more of the American Dream than she can afford. Like an increasing number of homeowners, she’s facing foreclosure.
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Foreclosures in Madison County have increased 154 percent over the past year, records show, one indicator of the glut in the Mississippi housing market, in part because of overbuilding, analysts say.
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The South Carolina housing market continued to buck national trends around Anderson, so it was no surprise to some lenders that they aren’t seeing the huge increases in foreclosures making headlines in national media.
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Mortgages in foreclosure rose 62 percent in April.
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When some mortgage lenders opened the door to everyone wanting to get a slice of the American dream - that home with a neatly manicured lawn of their own - people stepped through.
Being on top isn’t always a good thing.
That’s what the Lone Star State is realizing amidst a rising wave of Texas mortgage problems. Texas posted 39,869 foreclosure filings over the first three months of 2007, and with that figure, took the number three spot in terms of the aggregate foreclosure filings year-to-date.
Have inflated home appraisals helped fuel the current mortgage foreclosure crisis - and effectively helped con artists scam lenders? Property appraisers say yes - and want regulators to crack down on the lenders who’ve pressured them to raise estimates of homes’ values so overpriced sales go through.