National Perspectives: Get Your Red-Hot Foreclosures Here
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An auction of foreclosed homes, many of them in fast-growing exurban and desert communities east of Los Angeles, brought out a crowd of potential buyers.
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As mortgage defaults rise, more houses are being put up for auction  -  and more people are seeing a chance to make big bucks. But there are risks
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In the wake of the subprime mortgage meltdown, traditional financial institutions have tightened up on who gets to borrow money. But some people are still finding ways to borrow what they need, thanks to another area of lending that is booming.
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By George Chamberlin , Daily Transcript Financial Correspondent. Rising residential real estate values have been a blessing for many households.
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A Web venture gives borrowers a way to compare what they will probably pay for a mortgage in commissions, points, interest rates and fees.
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Imagine buying the most expensive house on a good-looking block that appears to be on the upswing. Within three years, the neighborhood craters, your oldest kid starts backtalking and your spouse pesters you to sell the house and get out. Meanwhile, you're stuck with a fat mortgage.
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Home foreclosures soaring? Oil nearing $74 a barrel? Gasoline prices topping $3 a gallon? So what.
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News flash: Realtors may be biased toward real estate.
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The number of homes on the market is big, and likely to get much bigger.
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Considering the projections for the number of home foreclosures in the next couple of years -- estimates now start at 1 million annually and go up from there -- you'd have thought there might be more ideas floating around for dealing with this economic, social and political calamity.
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THOUSANDS OF homeowners with poor credit are facing foreclosure because they can no longer afford to pay their high-interest loans. In the crack-up of the so-called subprime mortgage industry, these borrowers are the most visible participants. But they aren't the only ones who seemed not to understand what they were getting themselves into.
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The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump.
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TRENTON, New Jersey  - Mayor Douglas Palmer, meeting with visitors at City Hall, points to a large map peppered with dark dots. Each one represents a home or group of homes on the verge of foreclosure, and there are dozens all over the city.
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Home foreclosure filings surged in the  largest metropolitan areas in the United States during 2007,  with cities in California, Ohio, Florida and Michigan reporting  among the highest rates in the country, real estate data firm  RealtyTrac said on Wednesday.
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They are jumping ship or receiving the  pink slip. America's real estate agents and mortgage lenders,  that is.
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Homeowner coverage is no catchall. Check yours before disaster strikes
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LOS ANGELES -- The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing...