Most people get flooded with debt have credit card bills and mortgage payments as their biggest obligations. While there are simple ways to deal with credit card bills, mortgages can be a bit trickier. It is also more significant to focus more on your mortgage obligations because taking it for granted can lead to the foreclosure of your home.

The best time to renegotiate a mortgage in order to keep away from foreclosure is before the lender can file for a Notice of Default. Lenders often do this to protect their interests in a property even when they do not really want to foreclose. So, if you have reason to believe…

The home prices edged up in December, the seventh straight monthly increase and another sign the U.S. housing market continues its rough recovery.

The trend is significant to the nation’s economic recovery. For most Americans, their home is their largest asset, so as values climb homeowners feel richer and more comfortable spending. For homeowners who currently owe more on their mortgages than their properties are worth, rising prices will rebuild equity.

The Standard & Poor’s/Case-Shiller 20-city home price index released on Tuesday increased 0.3 percent from November to December, to a seasonally adjusted reading of 145.87. The index was off about 3 percent from December last year, nearly matching analysts’ estimates.

The index…

Nowadays, if you live in downtown you need to be versed in the ABCs of foreclosure – at least eight residential properties and a hotel are in bankruptcy – so you can sound as if you know what you are talking about at the Nickel Diner.

Even in the concise and sensible prose of the Downtown News that tries to explain the scheming of foreclosure and what happens once the banks take over, it is still easy to get confused with the terms like “liens that are junior to you” and “mezzanine lenders”. What is made clearer is the present state of the Brockman building, the stately structure at 7th and…