Category Archives: Mortgages
Home Equity Loss Not the Real Cause of Homeowner Debt in Atlanta
Despite a rise in existing home sales earlier this year, the media reports that home values are still dropping – and that the decline may only get worse as banks began releasing a new round of foreclosures onto the market. As usual, the negative news has sent homeowners into a panic over the thought of… Read More »
Too Much Borrowing, Not Loss of Home Equity, Is Root Cause of Debt in Chicago
The real estate market is seeing some promising signs of recovery – for instance, sales of existing homes are up slightly – yet prices are still falling. As banks release formerly-held foreclosures onto the market, home values are only expected to drop further. But while many homeowners are panicking at the prospect of being underwater… Read More »
Debt, Not Declining Home Values, Leads to Mortgage Struggles and Foreclosures in Tennessee
As banks prepare to release a new flood of foreclosures onto the market this summer, already-falling home values will likely get even lower. But while many homeowners are dismayed by the notion of losing more equity – especially if they’re part of the estimated 11 million borrowers already underwater – Tennessee bankruptcy lawyers warn against… Read More »
Children of Homeowners May Suffer Most in Tennessee Foreclosures
As many as 8 million children in the U.S. may be directly affected by foreclosure, according to startling new data reported in USA Today. Since the foreclosure fiasco began in 2007, an estimated 2.3 million kids have lost their homes to a bank. An additional 3 million children face the same fate because their parents… Read More »
As Housing Market Prepares for Post-Settlement Foreclosure Surge, Homeowners Turn to Atlanta Bankruptcy
It looks like the situation will get a bit worse for underwater borrowers before it gets better. Following the recent approval of the $26 billion mortgage settlement, the real estate community is predicting a flood of foreclosures to hit the market this summer. As a result, already-low home values are expected to fall by 3.7… Read More »