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A Mixed Report on Home Prices in January

A Mixed Report on Home Prices in January

While the Case-Shiller index showed prices were slightly higher than in December, the rebound seems to be fading. The Standard & Poor’s Case-Shiller Index rose 0.3 percent in January from December, seasonally adjusted, its eighth consecutive monthly increase.

 

Foreign Investors Targeting Los Angeles Pre Foreclosures

A sharply rising number of foreign investors are looking for Los Angeles pre foreclosures and other bargain-priced properties. A number of them are Chinese parents looking for houses for their children who are entering U.S. universities.

 

Answers to Questions About New Mortgage Modification Program

Answers to Questions About New Mortgage Modification Program

Answers to questions about the Obama administration's new mortgage modification program.

 

US new home sales hit record low

US new home sales hit record low

Sales of new homes in the US fell to their lowest level on record in February, figures show.

 

BofA to start reducing mortgage principal

BofA to start reducing mortgage principal

Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding "negative amortization" loans.

 

Average Homeowner In Obama Foreclosure Program Underwater, Yet Principal Cuts Rare

Average Homeowner In Obama Foreclosure Program Underwater, Yet Principal Cuts Rare

The average homeowner in the Obama administration's signature foreclosure-prevention program owes more on their mortgage than the home is worth, yet the program does virtually nothing to address this problem, according to a scathing new report by a government watchdog.

 

Existing home sales fall

Sales fall for a third straight month, dropping to the lowest level since last July.

 

Finding in Foreclosure a Beginning, Not an End

Finding in Foreclosure a Beginning, Not an End

In a counterintuitive solution, nonprofits in Boston are selling houses back to owners after foreclosure.

 

Home Prices Climb 11% in California

California's median home price rose 11% in February from a year earlier, while home sales in the state dipped for the second consecutive month.

 

More homeowners are opting for 'strategic defaults'

More homeowners are opting for 'strategic defaults'

Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments. Wynn Bloch has always dutifully paid her bills and socked away money for retirement.

 

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