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 for many. As most foreclosures happen due to financial problems, potential home buyers...

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 on his $2.2 million San Fernando Valley property that he and his former spouse Rachel Snider...

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 before the third quarter. This year’s homeownership rate marks the lowest rate since 1965....

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 their stay in college by determining which major they will pursue early. Clear career paths can translate...

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 reports, the 46-year-old Laettner has to settle $14.05 million worth of debt to his creditors. At least five of his creditors,...

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 destinations nearby. Public places such as national parks and other recreation sites are worth considering for those who want...

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 Sutton Trust, tuition fees in the UK were the highest among English-speaking countries...

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 U.S. The report found that there were 10 cities in Alabama...

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