‘Home equity theft’: A recent study says 12 states allow local governments to seize far more than what’s owed from homeowners who are behind on taxes — 3 ways to protect yourself The...
Tag: Homeowners
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite potential...
What is ‘Zombie Debt?’ Why homeowners are facing foreclosure on old mortgages.
Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete,...
Homeowners have lost over $1 trillion in equity since May
A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record am...
Homeowners are locked in by their low mortgage rate
Homebuyers who were able to buy over the past years or owners who locked in dramatically low mortgage rates by refinancing are not selling as those same rates climb. “That’s going to continue li...
In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...
Homeowners lose wealth as rising interest rates weigh on home values
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates wei...
Poland homeowners are lining up for days, sleeping in their cars to buy fuel — and coal stocks are still white-hot due to the demand
‘This is beyond imagination’: Poland homeowners are lining up for days, sleeping in their cars to buy fuel — and coal stocks are still white-hot due to the demand It’s still summer in Pola...
Ahead of summer storms, check homeowners policy for weather coverage
Win McNamee | Getty Images As spring warmth takes hold, homeowners may want to make sure they’re prepared for the severe weather that will likely soon follow. That preparation should include che...
New Jersey governor floats property tax relief for homeowners, renters
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey. Eduardo Munoz Alvarez | Getty Images Property tax relief may soon be coming to New Jersey. Gov. Phil ...
Homeowners hold record equity. What to know if you want to borrow
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...