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Tag: foreclosure

Impact Lab > foreclosure
Analysis, Economy, Latest Trend, Money Talk

People Who Default Only on Their Mortgages May be Safe Credit Risks: Study

May 24, 2011

foreclosure

Mortgage-only defaulters are less likely to then default later on new car loans or credit cards.

People who have defaulted only on their mortgages and no other debts are not as risky as expected, according to a new study from credit monitor TransUnion.

 

Continue reading… “People Who Default Only on Their Mortgages May be Safe Credit Risks: Study”

Analysis, Big Problems, Economy, Latest Trend

1 in 7 Homes in Nevada Sit Empty

March 20, 2011

nevada foreclosure

Nevada has the highest foreclosure rate in the country.

The promise of palm tree groves and low-cost real estate lured Alan and Katherine Ackerly across the Rocky Mountains in 2004 from Denver to Nevada, where thousands of new houses beckoned as brightly as any neon sign.

 

Continue reading… “1 in 7 Homes in Nevada Sit Empty”

Economy, Latest Trend, Money Talk

Home Ownership’s Changing Financial Role

February 1, 2011

homeownership

American dream of homeownership is not right for everyone.

Homeownership used to be the bedrock of the American dream, but the economic storm and its lasting effects have radically changed how everyone — no matter what stage of life they’re in — looks at their home.

 

Continue reading… “Home Ownership’s Changing Financial Role”

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