Citigroup has created the Citi Homeowner Assistance program to help mortgage holders avoid foreclosure.
Citi is not the first and will not be the last bank to announce homeowner relief efforts. Bank of America and JP Morgan Chase have already taken recent measures to spare homeowners from foreclosures. Fannie Mae and Freddie Mac will release details of their […]
Hot on the heels of July’s alarming increase in foreclosure filings, Donald Trump has stepped in to save one homeowner from losing his residence.
Ed McMahon, known as Johnny Carson’s sidekick, will now have Donald Trump for a landlord. Trump has agreed to buy the home and lease it to Mr. McMahon, who defaulted on his $4.8 million mortgage with Countrywide.
In […]
According to the National Association of Realtors, the median price of an existing single family home dropped 7.6 percent in the second quarter of 2008. RealtyTrac, Inc. reported that there were 55 percent more foreclosures filed in July 2008 than the same month last year.
The low median price is partially driven by the fact that approximately […]
The National Association of Realtors reported that approximately one third of existing home sales for the second quarter of 2008 could be attributed to foreclosures or short sales. Here’s a very basic explanation of both:
Foreclosure - Can occur when a homeowner fails to make mortgage payments. The lender can sell or repossess your home as a result […]
Thursday night I watched Larry King and was saddened to see one of Hollywood’s friendliest faces lamenting over the pending loss of his home.
Ed McMahon, famed Johnny Carson sidekick, Star Search host and Publishers Clearing House bearer of good news, is over $640,000 in arrears on his Hollywood home.
Countrywide has initiated foreclosure proceedings against Mr. McMahon, whose […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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