Types Of Bankruptcy

Rising Mortgage Rates Affect Yuma Housing Market  Nationwide rates on 30-year mortgages have reached a two year high. In Yuma, the rates average around 6.4% Those rates are slowing the housing market, but not by much.read more...


Why Mortgage Life Insurance is Not a Good Idea (Hornell Evening Tribune)  (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds


Mortgages go unpaid in storm-hit areas  Past-due commercial mortgage loans in the hurricane-plagued Gulf have risen sharply, says Standard & Poor's, the Wall Street credit rater.read more...


Foreclosures  Mortgage foreclosures filed with the civil division of the Circuit Court for August 2007. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter


30-Year Mortgage Rates Dip Again  Rates on 30-year mortgages fell for a sixth straight week, dropping to the lowest level in three months, according to a weekly survey released Thursday."> 30-Year Mortgage Rates Dip Again


Michigan Assn. of Realtors and Chamber of Commerce Fight Proposal for $1.4 Billion Tax Increase  "The sheer number of layoffs, home foreclosures and families and businesses leaving Michigan says it all. "Michigan cannot afford a tax increase. We urge legislators to reject this idea"

August 3rd, 2007

House repossessions ’surge by 30%’

“The biggest problem today for consumer borrowers is no longer the ubiquitous credit card, rather it will come from secured borrowing and the rising cost of mortgage debt.”

House pepossessions have ‘surged by 30%’ The number of people whose homes were repossessed surged by 30% during the first half of the year as homeowners struggled with rising interest rates, figures showed … via 24dash



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