Nationwide foreclosure level normalized
Levels of foreclosure activity in the U.S. have decreased to a pre-recession level, a mydaytondailynews.com article stated on October 13.Overall foreclosure data provided by RealtyTrac noted in September that foreclosure filings nationwide have reduced by 24...
Tori Spelling sued for failing to settle debt
A lawsuit was recently filed against American actress Tori Spelling due to allegations that she failed to settle her overwhelming credit card debt, an October 4 article of Toronto Sun reported.Reports revealed that American Express filed a lawsuit against...
Tips people could do to mitigate excessive credit card debts
Financial experts have observed that though many people are earning more money, nationwide credit card debt is also on the rise, noting the $912 billion debt from January to June of this year.Experts noted that mitigating credit card debts could be considered “one of...
Former Clippers player Darius Miles files for bankruptcy protection
Former NBA player Darius Miles recently sought bankruptcy protection after playing for several seasons and earning millions of dollars, an article of Belleville News-Democrat reported on September 16.The 34-year-old former player of the Los Angeles...
What people should bear in mind when filing Chapter 7 Bankruptcy?
People who have been struggling with their finances should know that there are legal ways for them to possibly recover from their overwhelming debts. One of the ways individuals may do to possibly have a new start is to file for Chapter 7 Bankruptcy. While this kind...
US foreclosure inventory has significantly decreased since 2007
A September 13 article released by CoreLogic revealed the foreclosure inventory rate in the U.S. significantly fell in July compared to the same month in previous years, an article of the National Mortgage News stated. According to reports, the foreclosure...
Why consider filing for Chapter 13 Bankruptcy?
Those who can no longer manage their debts may want to consider filing for Chapter 13 Bankruptcy. Also referred to as a “wage earner’s plan”, chapter 13 bankruptcy is a solution that gives an individual the capacity to create a plan to pay back all or a portion...
What should foreclosure victims do to buy another home?
Individuals should know that there are steps they can take to buy a home after completing a foreclosure procedure. Buying a home should be an option families consider because continually renting a home can become expensive and mortgage rates are becoming affordable...
Foreclosure looms for NFL legend Terrell Owens
Former professional football player Terrell Owens is at risk of losing one of his properties to foreclosure after he failed to settle mortgages of over $900,000, an August 6 article of Realty Today reported. According to reports, Owens defaulted $905,417.06...
Distressed borrowers given foreclosure protection under new mortgage rules
Under the new mortgage rules approved on August 4 by the Consumer Financial Protection Bureau (CFPB), certain distressed homeowners who are being threatened with foreclosure may get relief, an article of Reuters reported.The CFPB will now require mortgage payment...
Homeownership rate in the US declines
A July 28 report of Bloomberg revealed that this year’s homeownership rate is the lowest in decades. In the recent data released by the U.S. Census Bureau, the nationwide homeownership rate was 63.5 percent in the first quarter, and it fell to 62.9 percent...
Tips for students to lower loan debt in college
Most individuals entering college have already accepted that they will be saddled by student loan debt. Because student loan debts are so ruthless, students should act immediately to save some money through their own actions.Freshmen may want to shorten...
Ex-Timberwolves player forced to seek bankruptcy
Former player for the Minnesota Timberwolves, Christian Laettner, is likely to find himself in bankruptcy court after his creditors took legal actions to recover the funds owed to them by Laettner, The Sydney Morning Herald reported.According to...
Foreclosure rate in Russell County among highest in state
Real estate experts recently observed that the Russell County foreclosure rate is one of the highest in the state of Alabama, making its way to the 9th spot, an article of wtvm.com reported on June 30. According to reports, of every 1,200 homes in Russell County, at...
Take a summer vacation while avoiding debt
For many families, credit card debt is an expected consequence of a nice vacation: American Express reports that a family of four is likely to spend approximately $4,580 on a vacation.Families who are on a tight budget may want to explore...
U.S. grads find it harder to pay off student loans than UK grads
A recent study revealed that although student loans are substantially higher in the UK than the U.S., college graduates in the U.S. often find it harder to settle their debts, an article of University Herald reported on June 17.In the report released by the...
Birmingham student loan debt among highest in the country
A recent study by the analysts at WalletHub shows Birmingham is within the top two percent of the most debt-stricken cities in the country.The consumer finance website conducted their study by weighing median incomes against average loan amounts in 2,513 cities in the...
February’s nationwide foreclosure rate declines by 10 percent
10 percent decrease in the nationwide foreclosure rate was observed in February when compared to the same month last year, a report of Orlando Business Journal stated on April 12.According to reports, the recorded foreclosure inventory across the U.S. in February was...
Disadvantages of using software in filing bankruptcy
People today often take advantage of using computer software and internet technology to make completing tasks more convenient, including bankruptcy filing. Though the internet is a great source for relevant information on how to address financial issues, people...
Americans are unable to wean from excessive credit card use
A recent report by Bloomberg observed that many credit card users are struggling to pay off the interest rates on their previous credit card balances.According to College Professor Scott Fulford, Americans at an early age start to heavily depend on credit...
Cancer survivors likely to experience financial hardships
According to a January 6 article from Fox News, working age cancer survivors are highly likely to face debt and foreclosure or file for bankruptcy. According to the researchers at the Kaiser Permanente Center for Health Research, at least one-third of cancer...