Now is the time to sell, real estate consultant says

Mary Umberger, Chicago- People who have been delaying putting their homes on the market should do it soon because prices may go down 5% to 8% as banks unload a ...

Top 3 Reasons Why Housing Won’t Recover

When it comes to the housing market, two things get talked about regularly: the bottom and a recovery. However, these two terms mean very different things and don’t occur at ...

Homeowners Say Loan Mods Led Them to Foreclosure

LOS ANGELES (AP) – Some struggling homeowners say they’re being unfairly foreclosed on despite making all their payments under trial mortgage modification programs. They equate that to mistreatment by banks ...

Home Prices Double Dip in “Sudden Dramatic Drop”; 20% More to Come

TRUCKEE, Calif. – Clear Capital , is issuing this special alert on a dramatic change observed in U.S. home prices. “Clear Capital’s latest data shows even more pronounced price declines ...

Mortgage Damage Spreads

The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners, the housing market and ...

Evicted Family Breaks Into Foreclosed Home

Just as new owners were about to move in, the previous owners of a foreclosed house in Simi Valley, Calif. reoccupied it with locksmith, attorney and camera crew in tow. ...

BofA, JP Morgan and GMAC to Delay Foreclosures

WASHINGTON – Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. Bank of ...

House Bill Would Force Lenders to Decide on Short Sales in 45 Days

Distressed homeowners looking for a way out of their mortgage that doesn’t involve foreclosure may find relief is on the way from a new bill introduced in the U.S. House. ...

Nearly 50 percent leave Obama mortgage-aid program

WASHINGTON (AP) – Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. The program is intended to help those at ...

Home Prices to Plunge Another 10 Percent

By: Ellen Chang The price of houses in the United States will drop even more, says Barry Ritholtz, founder of Fusion IQ, the investment research firm. Current prices are still ...