Mortgage and Financial News From 2008-8-15 Page 11
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Short Sales (BellaOnline)
I thought it would be a good time to touch on the topic of real estate short sales in the real estate market. With the large amount of people facing foreclosure today, the opportunity has arisen to do what is called a short sale. Just what is a short sale, how is it done and can I do it?
2008-08-15 06:57:56 -
Reliable Finance Partner is Key (American International Automobile Dealers Association)
If we all had a nickel for every time we’ve heard the words “mortgage,” “housing,” and “gas” lately, no one would have to worry about the current business outlook.
2008-08-15 07:04:49 -
Miami Gardens council candidates work on swaying votes (Miami Herald)
Crime and home foreclosures are on the minds of Miami Gardens residents. The four candidates for two council seats that are up for grabs are trying to ensure voters that they are best suited to tackle those concerns.
2008-08-15 07:29:48 -
Foreclosure's hidden victims (San Francisco Chronicle)
In early June, a handwritten note appeared on the front door of Bing Ling Zeng's San Francisco apartment, written in a language she couldn't understand. "You will be needing to vacate this property soon," it said. The following month, Pacific Gas and Electric...
2008-08-15 07:36:26 -
Repossession orders up by a quarter in England (Islamic Republic News Agency)
UK - Housing The number of homeowners in England and Wales threatened with repossession rose by a quarter in the year to the end of June, new official figures showed Friday.
2008-08-15 07:52:23 -
Middle Britain falls victim to credit crunch as repossession orders rocket by 24% in just one year (Daily Mail)
Middle Britain is suffering a repossession crisis with the number of people facing losing their homes running at the highest level since the 1990s bust.
2008-08-15 07:55:27 -
Repossession crisis: Tories and Lib Dems speak out (Guardian Unlimited)
Lib Dems call for government intervention to protect those at risking repossession, while Tories demand responsible lending
2008-08-15 07:57:18 -
Housing affordability stuck at record lows - News.com.au
Lower rates won't significantly improve housing affordability First time buyers spend 28.5pc of income on mortgage First timers : Sacrificing for the great Australian dream HOUSING affordability remains at a 24-year low and is unlikely to ...
2008-08-15 12:46:00 -
30-year mortgage rates steady for third week in a row - Chicago Sun-Times
• • 30-year fixed, 6.52 percent. • • 15-year fixed-rate, down 0.03 percent to 6.07 percent. • • Five-year adjustable-rate, down 0.03 percent to 6.05 percent. • • One-year adjustable-rate, down 0.04 percent to 5.18 percent. Tool on CUB ...
2008-08-15 01:57:00 -
Mortgage repossession orders climb - Financial Times
More borrowers risk losing their home after falling into arrears on mortgage payments, and a growing proportion are unable to reach an agreement with their lender to avoid repossession, according to the latest data on county court actions. Seasonally ...
2008-08-15 05:11:00 -
Home repossessions hit 15-year high - Daily Telegraph
A total of 28,658 mortgage repossession orders were made in England and Wales during the three months to June, according to figures from the Ministry of Justice.
2008-08-15 05:54:00 -
Crude's Slide Greases A New Bull - Forbes
Barring major geopolitical upsets, we've seen the lows for this market cycle. I stand beside what I've said before: The next bull market needs to sniff out the bottom for home prices and mortgage delinquencies. I'm out a year. Your guess is as good ...
2008-08-15 04:28:00 -
Buyers jump through hoops for a mortgage - Chicago Tribune
Falling home prices should be a green light to jump into the market, but rising interest rates and stricter underwriting for mortgages and other real estate-backed loans have thrown obstacles in the path of many would-be buyers and borrowers. "I ...
2008-08-15 05:46:00 -
Renters insurance was mandatory for fire victims (The Mercury)
In the wake of the eight-alarm fire that spread from a building under construction to the Riverwalk at Millennium apartment complex in Conshohocken, hundreds of residents face the insurance claims process.
2008-08-15 06:17:00 -
My Favourite Foolish Financial Sayings (The Motley Fool)
One Fool writer reveals his favourite Foolish, witty and amusing quotations. They make great lessons for life!
2008-08-15 06:17:21