underwater mortgage

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California city tries using eminent domain to help underwater homeowners

Aug 8, 2013
Richmond, California is attempting to keep homeowners in their homes by using eminent domain to buy underwater mortgages, and the banks don't like it.
Posted In: foreclosure, underwater mortgage, eminent domain

Underwater no more and wanting to stay put

Jun 28, 2013
Not everyone wants to ditch their underwater mortgage once it resurfaces.
Posted In: Housing, underwater mortgage

Surprise! Your home may no longer be underwater

Mar 19, 2013
More homeowners are going from underwater to above water on their mortgages, and that could mean some really good news for the economy.
Posted In: Housing, underwater mortgage, mortgage

America Underwater: The mortgage crisis in data

Feb 8, 2013
This week, Marketplace Money and The New York Times team up to tell the story of home ownership in America three years after the housing bubble. View our interactive map and listen to our special podcast.
Posted In: Housing, Marketplace Maps, mortgage, underwater mortgage

Phoenix homeowner explains why he didn't just walk away

Jan 28, 2013
A few years ago, 60 percent of Phoenix-area mortgages were underwater. Reporter Peter O'Dowd was one of those homeowners.
Posted In: Housing, Phoenix, mortgage, underwater, underwater mortgage

Groups buy up underwater mortgages, keep families in house

Nov 23, 2012
The national foreclosure rate increased by more than 3 percent in October compared to the previous month. Some groups across the country are trying to change that by buying underwater mortgages and keeping families in their homes.
Posted In: mortgage, underwater mortgage

Bank of America throws homeowners new lifeline

Mar 23, 2012
Bank of America starts a foreclosure-prevention program that lets borrowers give up ownership of their home but stay on rent-paying tenants.
Posted In: Housing, Bank of America, foreclosure, underwater mortgage

Bank settlement to bail out some underwater homeowners

Feb 10, 2012
Yesterday's $25 billion agreement between five big U.S. banks and state attorneys general could help some three million homeowners who owe more than their homes are currently worth.
Posted In: Housing, underwater mortgage, foreclosure, mortgage settlement

Some banks offer extra incentive to short sell homes

Feb 8, 2012
Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Posted In: short sell, foreclosure, JPMorgan, underwater mortgage

11 million homeowners underwater

Feb 1, 2012
Over a quarter of Americans owe more than their homes are worth, but does the U.S. government have the political will to help?
Posted In: President Obama, underwater mortgage, refinance, election, Housing

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