Can You Get Away With Not Paying a Second Mortgage?

Many of the people who are in serious financial difficulty with their home loans have both a first and second mortgage. Faced with foreclosure and perhaps even bankruptcy, some may wonder “what if I just stop paying the second mortgage? What’s the worst they can do?”

Scouting Out Neighborhoods Before a Home Purchase

So you're found the perfect house. Right price, right size, no looming maintenance problems. But before you take out a mortgage and sign on the dotted line, there's one more thing you need to be sure of: is it in the perfect neighborhood?

Inside the New Mortgage Anti-Predatory Law

Congress moved closer to approval of the Mortgage Reform and Anti-Predatory Lending Act, a new law to regulate the mortgage industry. The proposed mortgage reform legislation is intended to help better protect consumers from mortgage fraud and predatory lending practices.

Builders, Consumers Eye Slow 2009 Housing Market

Mortgage rates are low, but credit is scarce. The housing market is a wreck, and foreclosures are growing. Unemployment rates are approaching double digits, and the job market is in crisis. All of this portends a depressing 2009 for builders and homesellers alike.