A “short sale” occurs when a homeowner whose mortgage exceeds the current value of their house sells the house for its current value, and the lender agrees to accept the price in full payment of …

It now seems as if there is agreement on what government should do to help the estimated ten million homeowners whose mortgages are in trouble and whose current house value is less than the outstanding …

According to Equifax, 4.46% of mortgages were more than 30 days overdue at the end of March. A year ago this figure was 2.92%. The highest rates were in Puerto Rico (8.03%), Florida …

Arbitration of consumer disputes sounds like a good idea. It’s a lot cheaper and quicker than court, and its popularity has been growing. But according to the San Francisco City attorney, as reported …

Many states have tried to do something to help their citizens whose houses are under foreclosure threat. Some (like Massachusetts) have declared temporary moratoriums on all foreclosure activity to prod lenders into trying to …

The New York Times (3-30-08) has an investigative report on the often unethical, incompetent, and sometimes illegal, practices of companies that foreclose on mortgages in arrears. Business is booming at the companies (including law …