Saturday, November 29th, 2008
Mortgages: Lenders Become Proactive
Lenders are asking that anyone with a debt-to-income ratio exceeding 38 percent contact the company that sends the borrower’s monthly mortgage bill.
Lenders are asking that anyone with a debt-to-income ratio exceeding 38 percent contact the company that sends the borrower’s monthly mortgage bill.
A consumer exposition called the New York Foreclosure Showcase attracted 130 bidders for foreclosed properties in Long Island.
Hired by banks and other lending institutions on the Island, home preservation companies are racing to keep increasing numbers of foreclosed properties from sharing the fate of the Bay Shore house.
A court-based mediation program is helping Connecticut homeowners find their way through the always frustrating, sometimes excruciating process of foreclosure.
The number of houses, apartments and mobile homes in the nation rose by almost four million from 2005 to 2007, according to a Census Bureau survey.
Every year, we demolish 250,000 homes and bury the debris. What if all those floors and joists and beams were reused?
A number of homeowners have been using raffles and competitions in a last-ditch effort to raise money and unload a house.
Shayne Becher of Fort Myers, Fla., is the sole member of the city code enforcement division’s rapid response team, which tries to maintain abandoned properties needing to be mowed and boarded up.
Buyers are finding themselves caught up in the competition and bidding at housing auctions and getting carried away.