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      Homeowners warned about foreclosure 'rescue' scams

      Posted by Jeff from Seattle Post-Intelligencer

      oreclosure-rescue scams are on the rise as "a collision of events" force more people into foreclosure, said Chuck Cross, division director of the state Department of Financial Institutions, which investigates such fraud. Homeowners who took out mortgages they could barely afford or borrowed too much against their equity are prime targets.

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    • Negative refinancing loans becoming popular

      Posted by Jeff from New York Times

      More signs that America is becoming a debtor nation: They are refinancing with new adjustable-rate mortgages that keep monthly payments low — for now, that is, though their payments will likely rise even higher in the future.

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    Newshogg

    Member since Jul 2008

    Auckland, New Zealand


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