McClatchy Newspapers - WASHINGTON Two years after fissures in the residential housing market gave way to a national collapse of home prices and sales, experts warn the next shoe to drop is the commercial real-estate market, bringing more woes to the battered economy.
Filed under: Moving Service |
AP - A dozen financial groups, including the U.S. Chamber of Commerce and American Bankers Association, on Wednesday urged every member of the U.S. Senate to reject a key piece of President Barack Obama’s plan to keep tens of thousands of Americans from losing their homes.
Filed under: Moving Service |
Time.com - Under a new federal program, homeowners can get relief on home-equity loans as well as mortgages
Filed under: Moving Service |
BusinessWeek Online - Vacation towns are supposed to be stress-free zones where the most important item on a to-do list might be a store-run for suntan lotion or bug spray. But homeowners trying to find buyers for their oceanfront mansion or cottage in the woods have good reason to be anxious.
Filed under: Moving Service |
AP - More than 1,000 people were defrauded out of about $70 million by a group advertising the dream of homeownership in what turned out to be a nightmare Ponzi scheme, federal and Maryland officials said Monday.
Filed under: Moving Service |
U.S. News & World Report - On top of job losses, foreclosures, and mounting debt, many Americans are feeling dismayed by the one tool that they thought would allow them to keep spending: their credit cards.
Filed under: Moving Service |
Bloomberg - April 27 (Bloomberg) — Four people were indicted in an
alleged $70 million Ponzi scheme that promised more than 1,000
homeowners their mortgages would be paid off within seven years,
authorities said.
Filed under: Moving Service |
AP - Five people face charges in what prosecutors say was a mortgage scheme that defrauded more than 1,000 people of more than $70 million.
Filed under: Moving Service |
BusinessWeek Online - Entrepreneur Michael Bissell worries about losing his business, his house, or both. His 10-year-old Web design firm in Portland, Ore., is struggling as customers fall behind on their bills. To cover salary and other expenses, Bissell tapped into his home last year for extra cash, relying on his exotic mortgage, which gives him the option to pay less than the monthly interest and principal for a while. But that source of money is running dry: The payment on his home loan will soon jump significantly. “I have no padding,” says Bissell.
Filed under: Moving Service |
Reuters - The supply of unsold new U.S. homes plummeted in March in the biggest drop in more than 45 years, government data showed on Friday, offering hope the distressed housing market is stabilizing.
Filed under: Moving Service |
