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Nearly $95M Finances Six-Property Deal  ANAHEIM, CA-Affiliates of Kort & Scott Financial Group have closed on a combination of refinancings and an acquisition involving six manufactured home properties via $94.7 million in funding from GMAC


Ameriquest to shut; parent ACC sells mortgage assets (Denver Post)  Ameriquest Mortgage Co., once the nation's largest subprime lender, has stopped taking applications, and its parent company has sold its remaining mortgage assets and service business to Citigroup Inc., the


Tax-Mex  Issues on people's minds: What are the tax consequences to owning property in Mexico and more on the economics of flipping homes.read more...


Lawsuit alleges illegal increase in private mortgage insurance  Is insurer entitled to arbitrate dispute? When Kenisha and Greg Brantly bought their home, they obtained a 100 percent no-down-payment home loan from SouthStar Funding LLC.read more...


Young Artist Fulfills Dream At Parade Of Homes  This year's Parade of Homes will introduce Denver to one of the city's youngest artists.read more...


Residential resales decline statewide, rise 6.2% in Orlando  January was a relatively warm month in terms of weather but a chilly one for the real-estate market.read more...

January 24th, 2007

Nightmare mortgage situation has a silver lining for beleaguered family (The Salt Lake Tribune)

Finances have been a bit tight for the Wagner family of West Jordan over the last two years. Jeremy and Lisa Wagner’s first baby was born in 2004, and then last year, after baby No. 2, Lisa quit her job. Then came mortgage trouble. But the couple insist those woes are not because they can’t pay their home loan. The Wagners say mistakes made by their lender put them behind on their loan …

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