It’s shocking enough that 28.4 percent of single family homeowners in the U.S. owe more on their mortgages than their houses are worth. But 16 of the 25 largest metropolitan areas are in even worse shape
Entries from May 12th, 2011
Shocking Number of U.S. Homeowners Owe More Than Home’s Worth [REPORT]
May 12th, 2011 · No Comments · Mortgages
Tags: foreclosure·Foreclosures·home values·housing market·Mortgage·Mortgages·Real Estate Market Report·Zillow
Credit Card Interest Rates, Fees Holding Steady [Pew Study]
May 11th, 2011 · No Comments · Credit Cards
A new Pew Charitable Trusts study shows credit card issuers have not raised interest rates and fees – in the wake of the Credit Card Act – as experts had predicted.
Tags: Annual Fees·Credit Card Act·Credit Cards·Interest Rates·penalty fees·Pew Charitable Trusts·Pew study
You Can Use Bankruptcy To Void a Second Mortgage
May 10th, 2011 · No Comments · Bankruptcy
Are you so underwater in your total mortgage obligations you are considering walking away from your home? Can’t get a decent home loan restructuring from your bank due to a second mortgage? There may be a way out – if you are willing to undergo the drastic step of filing a Chapter 7 bankruptcy. During [...]
Tags: Bankruptcy·Chapter 13·Chapter 7·Chapter 7 bankruptcy·first mortgage·petition court·second mortgage
Americans Increase Credit Card Debt Just 2nd Time in 2 Years
May 9th, 2011 · No Comments · Credit Cards
In the same month more Americans paid our credit card bills on time, we increased our credit card debt.
Tags: consumer confidence·Credit card debt·credit card delinquency·Credit Cards·debt·economic recovery·Federal Reserve
