According to Zillow.com,an Internet provider of home valuations…
Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth
Second-quarter home prices fell 9.9 percent from a year earlier, giving 29 percent of owners negative equity, said Zillow, the Seattle-based service that offers values for […]

One of the nations cornerstone financial institutions, IndyMac Bancorp Inc. has been reported to be the subject of an FBI probe linked to mortgage fraud in connection with home loans the company made to risky borrowers over the last few years. Indymac was bailed out last week by the FDIC with their assets seized and […]

It’s no secret that the days of houses selling like Beanie Babies are over. After real estate appreciated at jaw-dropping rates during the first half of the decade, home prices and sales tallies have dropped precipitously in recent months–tilting market dynamics to favor buyers over sellers. That doesn’t mean your house won’t sell, just that […]