forclosure

As common as foreclosure news is these days, both buyers and sellers tend to have major misconceptions regarding their rights, responsibilities and the overall process. No matter which side you're on, here are a dozen myths demystified. For homeowners The bank really wants your home back....

Foreclosed properties may appear to be hot deals, but beware if you're bargain shopping. Foreclosed homes often come with a variety of repair and financial issues that can add up to major expenses. Before starting your property search, make sure you know exactly how much home you can afford and...

Last week I reported that the Cook County Sheriff's Office had announced they would no longer enforce evictions of renters living in foreclosed rental properties. I chastised them for literally taking the law into their own hands and picking and choosing which laws to enforce - - which is not the...

If we all took the law into our own hands based upon our personal beliefs, what would happen? I'd venture to guess that we'd either have chaos, or a bunch of us would end up in jail, or a little bit of both.That's why I get upset when law enforcement refuses to enforce legitimate laws and court...

I always find it interesting to see which occupations and markets survive and prosper when the economy gets tough. My interest is likely linked to my fascination with the way certain creatures adapt to weather changes in climates and environments. Along those lines, I was fascinated when MSNBC ran...

Not long ago, on a brisk day in New Hampshire, Thomas Popik was taking a tour of foreclosed homes in a middle class neighborhood. While the temperature outside was far from warm, the inside of the home he entered was freezing. Unsure of why the temperature inside the home was so cold, Popik...

With people obsessing over the economy and crying about how terrible things are, it seems it has become the norm to consider ditching out on your creditors. Credit card bills have you sad? Declare bankruptcy! Paid too much for your house and now you're fretting? Walk away and let the bank worry...

Foreclosures seem to be on the rise, but mortgage companies don't always get a slam dunk when it comes to taking your home from you. In order to foreclose, they've got to have their paperwork in order, something that's not always a given. With mortgages being sold over and over, sometimes companies...