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Home Prices Up

September 3, 2010 By Leave a Comment

Home Prices Up – for now According to the S&P/Case-Shiller Home Price Index, national home prices jumped 3.6% in the past year. Prices also climbed 4.4% in the second quarter compared with a 2.8% plunge in the first quarter. “While the numbers are upbeat, other more recent data on home sales and mortgages point to… Read More

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Mortgage Rescue Can Kill Your Credit Rating

December 28, 2009 By 1 Comment

Mortgage rescue can kill your credit rating Most troubled homeowners don’t realize that President Obama’s entering a trial mortgage modification can actually hurt their credit. It’s true that many people who apply for the president’s plan are already delinquent in their mortgage payments, but being in a months-long trial period may only add to the… Read More

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Luxury homes owners default at twice US rate (Worcester Telegram & Gazette)

December 27, 2009 By Leave a Comment

Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate, and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.

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Luxury Homeowners Turn to ‘Short Sales’ as Loan Defaults Rise (Bloomberg)

December 16, 2009 By Leave a Comment

Dec. 17 (Bloomberg) — Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.

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DELAWARE: Number of underwater mortgages recedes (The Daily Times)

December 8, 2009 By Leave a Comment

With local residential real estate values on the rise again, Delaware is seeing a decline in the number of homeowners who owe more than their property is worth, which in turn could help stem foreclosures, market observers say.

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