repossession

The recession and its hangover have turned our bill-paying habits upside down. Cash-strapped Americans are paying off their car loans before they pay credit card bills and make mortgage payments, a TransUnion study finds.

The number of default notices, scheduled home auctions and repossessions declined significantly in February as banks begin to take a more measured approach to foreclosures amid government probes. But the lower numbers are likely only temporary.

New data from RealtyTrac shows that the real estate market is still on shaky ground. Banks repossessed 95,364 homes in August -- more than in any month since the beginning of the U.S. mortgage crisis.

Here's news from the business world and other money matters to watch out for Thursday (last updated at 7:38 a.m. Eastern time): GM Earnings Top Expectations: General Motors reported net earnings of $1.3 billion in the second quarter on revenue of $33.2 billion. On a per-share basis, the Detroit...

If you're the kind of person who hates to clean for company, perhaps you might see a subplot in the actions of an Ohio man who bulldozed his $350,000 house rather than surrender it to a foreclosing bank. According to WLWT Channel 5 in Cincinnati, Terry Hoskins, who lived in the rolling hills east...

While the Obama administration tries to put on a good show of encouraging mortgage modifications, the grandstanding is not working. According to Realty Trac, only about 230,000 homes have received help, while 464,058 homeowners lost their homes this year through the end of July. For the fifth...

There's a little known problem that anyone buying a car should be aware of. That is, anyone buying a car who trades in their old model as part of the transaction.These days, car dealerships, as we all know, are as cash-strapped as anyone else, and so sometimes, people will trade in their autos,...

File this one under: News you can use.Living in your car. It's one way to save a whole lot of money. We feature here, courtesy of Jalopnik, Ten cars you could probably live in if your house is repossessed. With all the bad financial news spiraling down into worse financial news, you might be...