Blog post from How To Be Poor In America, by Susan Kemp, who has “gone from being a teenage welfare mother to being appointed Assistant Welfare Commissioner for my State.” Now, due to her health and ‘bad business decisions,” she has fallen on hard times. Foreclosure – Finding the Federal Mortgage Money …The day the [...]

From the blog of You Walk Away, a company that helps homeowners “strategically default” and walk away from their property (and mortgages) when they have negative equity.

Making news around the world: An Ohio man has bulldozed his home rather than let a bank foreclose on it. From WLWT Cincinatti: Terry Hoskins said he’s been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began [...]

The prolonged recession has made the potential loss of a home a painful reality for millions of formerly comfortable owners. Today, the Mortgage Bankers Association released more unwelcome news on that front: A record-high 13% of mortgage holders are either behind on their payments or in foreclosure. That’s a scary number of people facing an [...]