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- 12/07/07Use a 'short sale' to escape foreclosure. If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.
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- 12/01/07 On Thursday, Gov. Schwarzenegger visited the Fair Housing Council of Riverside County, where he met with public officials from Riverside and San Bernardino counties and explained how a temporary interest rate freeze might reduce foreclosures expected over the next two years when 500,000 higher risk, subprime mortgages in California are scheduled to jump to higher rates.
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- 12/01/07 WASHINGTON - The Bush administration is working with the mortgage industry on a plan to extend lower introductory interest rates on home loans before they reset at higher levels. read more
- 10/14/07 The interest rates on some two million adjustable-rate mortgages will be reset over the next two years, according to an estimate from the Department of Housing and Urban Development, and of them, about 500,000 are expected to go into default. read more
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