By D.S. Hilderbrand New research from the University of North Carolina (UNC) Center for Community Capital and the UNC School of Law suggests that homeowners in foreclosures who file for bankruptcy have a better chance to retain their home. Specifically, the report, "Bankruptcy During Foreclosure: Home Preservation Through Chapters 7 and 13," says that filing…
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Saving Your Home from Foreclosure and Predators
By Erin Telesford The greatest financial crisis in the United States was the last recession which spanned from December 2007 to June 2009. During this time, unemployment rates were raised by about 6.1% resulting in a loss of consumer spending and business investments. Before the recession, many Americans bought houses using mortgages they couldn’t afford,…
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Most Americans Now Believe It’s a Good Time To Buy a Home, Despite Soaring House Prices—Here’s Why
By Jacob Passy, MarketWatch Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup. Some 53% of Americans believe it is a good time to buy, Gallup reported Tuesday, citing the results of a survey of nearly 1,000 U.S. adults…
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Complaints About Mortgage Servicers Are Soaring as Millions of Americans Still Can’t Make Their Monthly Payments
By Jacob Passy, MarketWatch Although the economy has shown significant signs of improvement in 2021 thus far, many homeowners continue to face financial challenges. A new report from the Consumer Financial Protection Bureau finds significant disparities among which Americans have encountered those hurdles. As of March, around 4.7% of all active mortgage loans remained in forbearance,…
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Black Millennial Homeownership Rates Surge
By Realtor Black millennials between the ages of 26 and 39 are increasingly becoming homeowners during the pandemic. They’re buying homes at higher rates than other Black Americans and previous generations. Their higher rates in real estate have led to an overall increase in the homeownership rate for African Americans, according to an article at…
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