Little-Known Option Available to Avoid a Home Foreclosure
Story date: 2007-10-15 02:51:00
Added on: 2007-10-15 08:32:10
The Ledger - Other exotic loans came with adjustable interest rates with little to no down payment needed to close on the home. As the interest rate of the mortgage adjusted upward, homeowners fell behind in payments. Now, neck-deep in building debt, foreclosure is ...
Read more...
Related Stories:
-
Foreclosure: What Can I Do to Prevent It? - Transworld News
Many homeowners found themselves losing their homes because of rising interest rates on adjustable mortgage rates. Losing your home to foreclosure is...
2008-07-08 05:30:00 -
Rural Iowa poised for hit from foreclosure problems
Des Moines Register - The number of adjustable-rate mortgages that will reset to higher interest rates ... Subprime, adjustable-rate loans drive the...
2008-02-24 01:59:00 -
Foreclosure figures add to US housing gloom
Financial Times - Most of the rise in foreclosures came from growing numbers of seriously delinquent adjustable rate subprime, and prime, mortgages....
2007-09-06 11:01:00 -
Foreclosure gauge swells
Charlotte.com - Loan types seeing higher delinquencies and defaults are home equity loans or second mortgages used to cover a down payment,...
2007-08-22 06:16:00 -
Activists want rates on adjustable-rate mortgages frozen
Cleveland Plain Dealer - Activists from five states, gathering in Cleveland Wednesday, called on the lending industry to freeze interest rates on...
2007-09-27 01:40:00 -
Washington Digest: Iraq withdrawal bill falters
Arkansas News Bureau - ... have subprime loans will lose their properties to foreclosure. Consumers have defaulted on their home loans...
2007-11-19 12:41:00 -
The Credit Crunch: Searching for solutions to ease economic pressures (Pittsburgh Post-Gazette)
It has the makings of a recession: Americans are falling behind on their credit card payments, their auto loans and their mortgages....
2007-12-27 09:26:10 -
For Homeowners Looking to Avoid Foreclosure, Here Are Four Common ...
Forbes - ATLANTA, Dec. 18 /PRNewswire/ -- The recent agreement by federal regulators and mortgage lenders to freeze interest rates for five...
2007-12-18 04:32:00
