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."
After the sub-prime mortgage crisis, it was necessary to find a villain. For the left, it was greedy bankers foisting inappropriate loans on unsophisticated and inexperienced borrowers.
Pretty much every time the federal courts hear a case connected to civil rights, voices on the political right can be counted on to say, "Unelected judges shouldn't decide this! It should be left to the democratic process!" That's a fundamental misreading of the U.S. Constitution and it forces one to overlook some distinctly unpleasant history.
I won't live with my parents forever, and we won't always agree. For right now, this situation is appreciated by all of us: opportunity for adventure for them, opportunity to get ahead financially for me and a strong, familial support network for us all.
The CSH Summit: Supportive Housing Innovations is in its second day here in Chicago and the intensity surrounding the discussions has taken our learning and sharing to a whole new level.
The riots in Baltimore revealed how deep the rifts are between prosperous and poor neighborhoods in most American cities. Is the American Dream large enough so that every one of its children has the opportunity to live in a safe, affordable home?
At a time when bipartisan cooperation is much-needed and all too rare in the United States, a new initiative on Long Island offers hope. Leaders of Su...
The rules and procedures surrounding the lock process vary from lender to lender and are not subject to any mandatory disclosure requirements. To help borrowers avoid the potential missteps in the process, this article presents five questions you should pose to a lender before proceeding further.
The case for the widespread use of housing counseling in America's residential housing marketplace is both simple and straightforward.
While reverse mortgages can provide significant cash during retirement, they may not be the best choice for everyone. If you are thinking about a reverse mortgage, discuss your options with a neutral financial adviser. Always know all the details before making any financial decision.
Education is the highest correlating factor with income. Americans with a Master's Degree or higher earn twice as much (or more) than those with only a high school diploma.
At a very basic level, those of us who do investigative journalism want our work to make an impact. Many times this does not happen for all kinds of reasons.
We want L.A. to continue to be known as the land of opportunity and great weather. We also want L.A. to be known for its incredible diversity, and to stand out for the equitable way it grows and manages its growth.
Recent trends have shown that Americans, particularly millennials, are weary of using credit cards. The problem largely stems from the way credit cards are viewed today. They are typically perceived as a "last resort" for consumers who can't afford to pay for their purchases.
Some of the more interesting questions I receive from readers are about unusual situations that may affect their ability to qualify for a mortgage. The rules are not always crystal clear, which is why lenders continue to rely on underwriters whose stock in trade is good judgment. Here are a few illustrations.
Lenders started foreclosure against 53,514 homeowners in March, according to RealtyTrac, an increase of 11 percent from February. That brought to 152,147 the number of US homes that started down the bumpy road to foreclosure in the first quarter of 2015.