Foreclosure crisis hits older americans hard. More than 1.5 million older Americans already have lost their homes, with millions more at risk as the national housing crisis takes its toll on those who are among the worst positioned to weather the storm, a new AARP report says. Read full post here.
U.S. foreclosure starts rose year-over-year in June for the second consecutive month, as banks continued to clear their backlog of inventory after a nationwide mortgage abuse settlement. Read full post here.
Chicago rap veteran Common could possibly lose his Windy City crib to foreclosure with reports claiming he allegedly owes mortgage payments to Bank of America.Although Common has yet to address the gossip, reports claim he stopped making payments last spring. Read full post here.
Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties to the housing market by early next year, potentially weighing further on home values.Read full post here.