The heavy burden of negative equity, owing more to the bank than your home is worth, is easing off of many homeowners and helping to end the foreclosure crisis. This will give homeowners the freedom to sell their property in search of better jobs and areas, and have a little more protection against hard times. …
The amount of U.S. homeowners facing foreclosure in April fell 2 percent from a year ago. Big deal, you think. Well, think again: It’s the first annual decline in five years. RealtyTrac Inc., which tracks this kind of stuff, reports that 333,837 U.S. properties got default notices or were repossessed in April. That’s still one …
President Barack Obama has unveiled a $75 billion relief plan that would seek to keep as many as 7 to 9 million homeowners from losing their homes to foreclosure. “The American Dream is being tested by a home mortgage crisis that not only threatens the stability of our economy but also the stability of families …
