* You are viewing the archive for February 12th, 2008
Selling in a buyer’s market is an unpleasant but sometimes necessary component of the complex real estate market. By setting a reasonable price, making sure the home is in tip-top shape, and staying flexible, most sellers can weather the stormy market and get their ideal price.
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Metro Atlanta mortgage fraud ring convicted
Bizjournals.com, NC -
A federal court jury has found several Atlantans guilty for their roles in a mortgage fraud ring that racked up $6 million in just 10 weeks from SunTrust …
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Mortgage defaulter keeps home
Guardian Unlimited, UK -
A man who made no mortgage payments for 15 years has had the debt cancelled and been allowed to keep his home in an appeal court ruling that could encourage …
House prices set to fall by 7% in next two years as credit squeeze …
Squatters rights for mortgagee who didn't pay
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Product Reviews
US announces mortgage aid plan
Aljazeera.net, Qatar -
The Bush administration has announced a new initiative backed by six major mortgage lenders aimed at helping homeowners who have been hit by the US …
US homeowners win a 30-day reprive on mortgage payments
US homeowners will get extra time to renegotiate mortgage payments
Project Lifeline offers help for some homeowners
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Where to buy for growth
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Property News
Mortgage lending 'falls by 10%'
Guardian Unlimited, UK -
The number of mortgages taken out for house purchases fell by 10% last year, figures from the Council of Mortgage Lenders (CML) showed today, …
UK mortgage lending falls further
UK mortgage affordability worsened in Dec, but rate cuts will help …
Mortgage& Property Advice Centre for First Time Home Buyers
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When you need secured funds to meet a financial emergency after retirement, opt for a California reverse mortgage.
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RTT News
IndyMac Swings to 4Q Loss on Mortgages
The Associated Press -
(AP) — IndyMac Bancorp has swung to a significant loss in its most recent quarter because of provisions for bad debt in the mortgage market. …
2ND UPDATE: IndyMac Suffers First Annual Loss, Eliminates Dividend
IndyMac Bancorp Reports Fourth Quarter Loss of $509.1 Million …
IndyMac Profit Crashes, Stock Soars
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More New Yorkers getting help on their mortgages
Reuters -
By Julie Haviv NEW YORK (Reuters) - An increasing number of New York home owners have been responding to a government-backed effort by the mortgage industry …
Refinancing requires preparation
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Death and taxes - two things you know are for certain in life. However, there is a third that is almost nearly as certain as those two - fluctuating interest rates. With a home mortgage being one of the largest purchases you will ever make, even the slightest decrease in the rate that you pay on the loan can save you thousands. For many of you, now may be the perfect time to refinance your mortgage and put thousands of dollars back into your pocket.
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