AltWeeklies Wire
Underwater and Overwhelmednew
A trek through the bottom of Southern Nevada's housing market.
Las Vegas CityLife |
Amy Kingsley |
08-29-2011 |
Housing & Development
Homeowner Defense Groups to Target Wells Fargo Shareholdersnew
While deep-pocketed lobbyists have been making it hard to pass laws that would offer at-risk homeowners more protections, homeowner defender groups have decided to target, and now protest against, the group they believe stand directly in the way of equitable reforms: the banks.
San Francisco Bay Guardian |
Sarah Phelan |
05-04-2011 |
Housing & Development
Stop the Bleeding: A Plan to Bail Out Scared Homeowners
Governments are bailout banks in exchange for equity stakes in their ownership. Why not offer the same deal to troubled homeowners -- let them stay in their homes in exchange for a piece of their deeds?
A Foreclosure Shell Game in Baltimorenew
Seven neighbors, 11 foreclosures, and more than a million dollars' profit in one neighborhood.
Baltimore City Paper |
Edward Ericson Jr. |
10-07-2008 |
Economy
Obama's Mortgage Plan Has Already Been Tried and Defeated in Congressnew
Obama's proposed legislation would allow judges to adjust the mortgage terms of homeowners who are in bankruptcy, so they'd have a better chance of saving their homes from foreclosure. But such legislation was considered by the Senate in April, and defeated. Both Arkansas senators voted against it. Both say there's a good chance they'd do so again, even if the bill had Obama's backing, and even though they're both Democrats and supporting Obama for president.
Arkansas Times |
Doug Smith |
09-25-2008 |
Economy
Recessionomics: Why Did My Mortgage Payments Go Up So Much?new
If you are like many people, you have a fixed-rate mortgage, which means that your principal and interest totals don't change from year to year. Then why did your mortgage payments seem to jump $300-$500 more in 2008? Blame our friend Mr. Escrow, and his pesky pals Mr. Rising Homeowners Insurance and Mrs. Out-of-Control Property Taxes.
Creative Loafing (Tampa) |
Wayne Garcia |
08-14-2008 |
Economy
Home Sales Down, but Prices Are Up: Blame it on the Credit Crunchnew
After the bottom fell out of the subprime mortgage debacle, lenders started to look at potential borrowers with greater scrutiny. Gone are the days of borrowers with weak credit snagging mortgages with no money down. Yet higher-priced houses are still moving because better-off buyers have an easier time getting loans.
C-Ville Weekly |
Scott Weaver |
04-23-2008 |
Economy
Monterey County Foreclosures on the Risenew
If the pace continues, the number of foreclosures in the county this year will hit close to 4,000; last year the total was 1,568. "This is unprecedented," says Lou Solton, county treasurer and tax collector for 23 years. "There have been other downturns in the real estate market but never this pronounced and not this lengthy."
Monterey County Weekly |
Zachary Stahl |
04-17-2008 |
Economy
Washington Cracks Down on Foreclosure 'Rescue' Schemesnew
The state's new law establishes a five-day opt-out period if the homeowner smells a scam; it requires that the homeowner be able to afford all the terms and receive 82 percent of the fair market value if the house is sold.
Seattle Weekly |
Jesse Froehling |
04-07-2008 |
Economy
Why Has Philly Avoided the Worst of the Housing Crisis?new
After months of doom-and-gloom headlines about the U.S. housing crisis, some might assume Philadelphia's been hit just as hard as other American cities -- but Philly realtors disagree. (Of course, they can't afford not to.)
Philadelphia Weekly |
Morgan A. Zalot |
02-19-2008 |
Economy
Real Estate Was a Great Racket ... Until the Lawsuits Started Piling Upnew
While young real estate dealers were enjoying the high life, their investors were headed toward foreclosures.
City Pages (Twin Cities) |
Jeff Severns Guntzel |
02-14-2008 |
Economy
