How to handle your mortgage during and after a divorce (via http://www.eLawsuit.com)
Unfortunately, close to 40 percent of all current marriages end in divorce. The process can be emotionally draining. But there are also financial effects, such as the mortgage you used to buy your dream home. Set your emotions aside When going through a divorce, it can be very difficult to keep your…
Getting to Know Underwater Homeowners (via http://mortgagespectator.com)
According to the second quarter 2012 Zillow Negative Equity Report, 30.9% of homeowners are underwater, owing a combined $1.15 trillion more than their homes are worth. The extent and magnitude of negative equity, however, varies widely by the age of the borrower and when a home was purchased Looking…
Mortgage Registry Muddles Foreclosures (via http://mortgagespectator.com)
MORE good news from the housing front last week. Pending home sales rose 2.4 percent in July, to their highest level since April 2010. Mortgage delinquency rates are down: the Federal Reserve Bank of New York reported a decline of 6.3 percent at the end of June from the March quarter. Granted, new…
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