foreclosure

Will Obama Refinance Your Mortgage?

Several press reports claim that the Obama administration is considering a program that will let struggling homeowners refinance at current mortgage rates. With rates at all-time lows, refinanced mortgages could save people hundreds, if not thousands of dollars a year.

Short Sales: Are They Worth the Trouble?

For anyone who has braved the housing market in the past four years, short sales have become synonymous with high risk and high reward. But with so many discounted properties on the market today, are they really worth a buyer's trouble? Maybe -- if you have a lot of time and a strong stomach.

America's Sickest Housing Markets

For three years, the real estate market has been going in one direction - primarily down. Some areas, however, have begun to recover. Recent...

Can't Get Credit? You May Be Living in the Wrong State

Credit is ever so personal, and ultimately it's your responsibility -- but it's not solely about you. Your state's creditworthiness can impact you too. For that reason, CardRatings.com's recently released rankings of the 10 Best and Worst States for Consumer Credit is worth a look-see.

New Business for Big Banks: Slumlording

The nation's biggest bailed-out banks have unintentionally entered a new line of work: slumlording. In some cases, major banks have created whole neighborhoods of abandoned and deteriorating foreclosure properties -- and a blight on local municipalities.

Why Many Americans Are Running Out of Hope

So much for "hope." A new poll indicates that a record number of Americans think the country is headed toward a depression -- with a capital D. DailyFinance's Regina Lewis weighs in on why we're so bummed out about the economy.

Is Your Financial Situation Grave? Try Zombie Economics

If you've ever felt like your debts were going to eat you alive, the authors of "Zombie Economics" have some advice for you: Battle for your financial survival with the same methods you'd use to fight off an approaching horde of the shuffling, brain-chomping undead.

Big Banks Ordered to Reimburse Homeowners

The federal government on Wednesday ordered 16 mortgage lenders and servicers, including four of the nation's largest banks, to reimburse homeowners who were incorrectly foreclosed upon.

Big Banks to New Jersey: Stop Bugging Us About Foreclosures

When New Jersey tightened its foreclosure rules in response to the false document crisis, it ordered the six largest servicers to explain why they should be allowed to continue foreclosing on homes. Their response: 'Trust us, everything's fine now.' If you think there's irony in that assertion, read on ...

Bank of America Sued Over Home Loan Modifications

Bank of America's persistent failure to modify home loans has resulted in the inevitable: a consumer class action lawsuit. Last week, Susan Fraser of Missouri filed suit on behalf of herself and other qualified homeowners whom the bank failed to give permanent loan modifications to.

The Human Toll of America's New Ghost Towns

Housing prices have seen a remarkable drop over the last few years, but the numbers don't tell the whole story. In a new series, DailyFinance takes a look at neighborhoods in troubled cities across the country, where the lingering foreclosure crisis means empty houses, fearful residents and broken dreams.

A Quaint Town in Georgia Struggles With the Real Estate Crisis

What happens when an award-winning new development goes bust before it's fully built? As part of a series looking at the real estate market in the U.S., DailyFinance takes a look at a town near Atlanta that is still struggling with the effects of the great real estate bust.

How the Housing Mess Hit My Neighborhood

Millions of houses are in foreclosure in the U.S. Even if your house is safe, your neighbors may be in trouble, and your neighborhood could suffer as a result. Here's the story of one house in a neighborhood in New Jersey.

U.S. Home Values to Fall by $1.7 Trillion in 2010

U.S. homes will lose a total of $1.7 trillion in value in 2010, according to real estate site Zillow. The value lost this year will be 63% more than in 2009, and will take the total value lost since June 2006 to more than $9 trillion, Zillow said on its blog.

A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO]

Las Vegas has always been a place of dreams, promising that pennies could turn into fortunes, cities could rise from the desert, and property values could rise eternally. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than anyplace else in the country.