Spring brings out scammers
Like the blooming of daffodils and dogwoods, the emergence of home-improvement scams heralds spring.
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Why isn't your home selling? (Reg Req'd) For the first time ever the average summertime sales price of area homes has gone above $200,000. That's according to the Houston Association of Realtors. read more...
Bill requiring notice on mortgage rate increases clears committee (Los Angeles Times) The measure by state Sen. Don Perata would make lenders inform borrowers starting 120 days in advance. California lawmakers today took an early step toward trying to
Mortgage Fraud Is Prime In Down Housing Market Federal and state prosecutors have stepped up efforts to crack down on real-estate scams as the number of foreclosures jumps. read more...
In Philadelphia, Clinton calls for legal protections for honest mortgage lenders (The Beaver County Times) PHILADELPHIA ? Democrat Hillary Rodham Clinton proposed several remedies to the nation?s home mortgage problems Monday, including one tool more often associated with Republicans than Democrats.read more...
Floyd Norris: Mortgage lender's business went sour, but not for its founder (International Herald Tribune) The financial viability of Rams Home Loans, a major mortgage lender in Australia that financed itself in U.S. securities markets, fell apart almost as soon as it went public, and
On Mortgage Relief, Who Gains the Most? (New York Times) Many homeowners who are having trouble paying their mortgage will find that they do not qualify for the assistance announced by President Bush.read more...