By simply following the plan, one day at a time, then one month at a time, your positive financial changes will take you further from your mistakes. And that's how your credit score will improve, as will your peace of mind. So where do you start?
In the next two months, over 25,000 properties across Detroit will be put up for sale in the nation's largest-ever municipal property auction. In any other city, this would be groundbreaking news but, in Detroit, it hardly budges from the status quo.
Remember your childhood summers when you held your breath underwater so long that your head felt ready to explode? For millions of homeowners in America today, being underwater too long has a different impact: they implode.
Let's say you're in California and you met a seller who is willing to sign over the deed. Would you take it? If you do, the seller can come back and void the transaction within two years from that date because you violated the "California Civil Code."
Even the most casually informed reader has likely heard at least some of the troubling news and numbers tied to homeownership in America today.
As of today, May 26, thousands of Detroit properties will slip soundlessly from private to government ownership through a little-known aspect of the tax foreclosure process known as "reversion."
On Mother's Day, I said goodbye to my dog. She didn't die. No, she's still alive and perky at almost eleven years old, but I gave her to my ex-husband.
The case for the widespread use of housing counseling in America's residential housing marketplace is both simple and straightforward.
It breaks my heart to lose the house and not walk away from it as we had originally planned, but no matter what I must forge ahead and show my daughter what it means to make lemonade out of lemons and make that lemonade a bit sweeter.
As part of the spring cleaning of your money house, let your mantra be, "I'm going to stop making everybody else rich, and start living a rich and sustainable life here and now!" Below are 10 ways to put more dough in your wallet.
How ridiculous would it be if you made all your mortgage payments in full and on time for years and your mortgage lender foreclosed on you anyway?...
Many who look to understand the incredible wealth gap are quickly lost in the exclusive language of finance. When it comes to the inner workings of financial institutions, the rise and fall of markets, the tangled web of international debt, or even just our own personal finances, most of us are lost. In short, we are financially illiterate.
People consider filing bankruptcy when the alternative has become worse. Figuring out if you are at that point though can be difficult. One misconception that makes people hesitate to file bankruptcy is the impact on their credit.
Even with the recent years' increases in home values, employment and economic stability, a large number of homeowners still face the loss of their homes in the near future.
We need to focus on keeping families in their homes, providing children stability, and restoring trust and respect between families and banks, law enforcement, and our government. "Hands Up. Don't Foreclose."
I was walking down a street in one of Seattle's toniest neighborhoods with my 25-year-old daughter and another young woman. We were part of Seattle/King County's One Night Count of the homeless, a massive effort to document the number of "unsheltered" persons on a random winter night.