A new report released today is the first state-level study into negative equity single-family homes. The study found that 23% of Americans– nearly one in four– have mortgages where they owe more than their home is worth. According to a CNN news report about the study, almost 10.7 million mortgages were deemed “underwater” by the [...]
I have to admit that I am just so excited to have found all of these websites in magazines that I regularly read. I’m always looking for more resources when it comes to saving money. Here is the second list of sites from Woman’s Day magazine. Lynda: If you need some extra training in programs [...]
I recently came across an interesting website that happened to be quite an eye opener. The Center for Economic and Entrepreneurial Literacy’s website Econ4U has some great stuff on it to help teach others about personal finance and economics. In August, the group, a non-profit dedicated to financial education, realized that most college students can’t [...]
It took something big before Heather Levin gave personal finance a second thought. It wasn’t until she bought her first home, ripped open the envelope containing her first mortgage payment, and saw just how much of her money was going to pay interest that Heather resolved to buy a home with cash. This full-time commercial [...]
This summer MSN Money shared an inspiring story about Angela Logan, a single mother of three sons who had fallen in financial trouble. She received a foreclosure notice back in January and at the end of July faced a deadline to pay more than $2500 to her mortgage lender. Angela got to work in the [...]
A friend of mine in California bought a beautiful home this year and got a great deal because it was a foreclosure. There are definitely real estate deals available for those willing to go this route, but it’s not the easiest way to buy property. According to RealtyTrac, US foreclosures hit another record high in [...]
Many celebrities seem to be having trouble unloading their homes in this troubled housing market, right along with many other Americans. Here’s a list of a few celebrities slashing their asking prices. Britney Spears: Britney Spears slashed the price of her Beverly Hills mansion from the original listing price of $7.9 million last September to [...]
It’s hard to find a person not impacted by the economy. And I am no exception. Although my husband and I are blessed to both have small businesses that have been doing very well, we have family members who have experienced the ups and downs of this economy. If you’re wondering how layoffs, the housing [...]
Welcome to the first post in a weekly series called Twitter Tuesday Profiles. Each Tuesday we will be highlighting a Twitter user that focuses on an aspect of money including budgeting, investing, or saving. Our first profile features Twitter user SavingForHome. Preferring to stay anonymous, she only wants to be known as Saving Diva. Saving [...]
The ongoing credit crisis combined with intense political pressure has made many major banks very amenable to easing the loan terms for most borrowers displaying repayment stress. While federal-backed programs for mortgages have been getting most of the press, banks will modify credit card, home equity and even auto loan terms, too. Many banks may [...]