Americans are back to borrowing at a near-record pace. The government recently announced that consumer debt rose 1.1 percent to $11.28 trillion in the third quarter of 2013, the highest such increase since the first quarter of 2008 and close to the all-time record high, set just before the housing collapse in the third quarter...Read More
An increasing number of cities are turning to the power of eminent domain to reduce the number of residential home foreclosures. Cities in New Jersey, New York, Minnesota and California are exploring the possibility of “friendly condemnations” in which the city buys the mortgage of an underwater homeowner. If the investor refuses to sell, the...Read More
Home equity is exempt in Florida, although the amount of the exemption may be a matter of time. If you have a Home Equity Line of Credit, the actual debt may be wiped out but not the lien on your property What is a HELOC? Many people refer to a HELOC as a “home equity...Read More
