If you are not checking your home equity line of credit (HELOC) often, now is the time. The number of thieves fraudulently acquiring these accounts and siphoning out thousands of dollars by stealing identities and fooling lenders has increased.
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Talks between Chrysler LLC’s lenders and the Treasury Department to reduce the automaker’s $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks.
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SCOTTS VALLEY — Catherine O’Kelly over the past 12 years has turned her one-bedroom rental in the redwoods into a charming refuge, but today the 68-year-old grandmother and her cat, Lily, may see their home sold out from under them.
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HUNTINGTON — For those who are thinking about moving, the signals are mixed in this sputtering economy.
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The new measures include incentives to lenders to modify second mortgages and write down balances on first mortgages that are underwater. The Obama administration, stepping up efforts to stem foreclosures, will offer lenders and homeowners incentives to cut payments on second mortgages, write down balances on first mortgages that are underwater, and repay loans in a timely fashion.
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Identity thieves are using home equity lines of credit to commit their crimes.
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First-time buyers may be finding it hard to get on to the property ladder, but a trip to the auction rooms reveals that, for some first- timers, this can be one route to getting a home of their own.
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WASHINGTON — The Obama administration said Tuesday it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to lower borrowers’ bills on second mortgages.
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Property prices may finally be stalling, but first-time buyers are still finding it tough. Not only are lenders continuing to demand hefty deposits but, even finding your way through the myriad of schemes aimed at helping you, is a complex process. As the Government steps in to help first timers, developers too are offering an unprecedented number of initiatives in the hope of enticing you to …
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The new measures include incentives to lenders to modify second mortgages and write down balances on first mortgages that are underwater. The Obama administration, stepping up efforts to stem foreclosures, will offer lenders and homeowners incentives to cut payments on second mortgages, write down balances on first mortgages that are underwater, and repay loans in a timely fashion.
More: continued here