News desk | February 7, 2012

 

 

Top News Foreclosure deal: Closer, but not there yet CNN Money - States have until the close of the business day to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value. Why foreclosure investors are double-edged sword for economy USA Today - The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today's housing market is to get more investors in and sell them these properties at bulk discounts. That's what the Obama administration and Federal regulators... U.S. banks sued over foreclosures CNN - The New York attorney general sued some of the nation's biggest banks on Friday, accusing them of unlawful and deceptive practices for relying on a private electronic registry that tracks mortgages. Attorney General Eric...

Market News Real Estate Weekly: Home buyers give Florida markets another look MarketWatch - Although locals in Florida, inland California and the Southwest are suffering from high foreclosure rates and lost equity, huge price declines since the height of the housing bubble have drawn house hunters from across the country,” said Jed Kolko... More Housing Aid For Military Families REALTOR Magazine - A nonprofit organization is expanding its services to help military homeowners who are at risk of foreclosure due to relocation for their jobs or other circumstances. Hope Now is an alliance of mortgage servicers, investors, nonprofit counselors, and others aimed at helping home... Florida Bill Limits Banks' HOA Obligations DSNews.com - Among the provisions stipulated in Florida’s newly revised House Bill 319 are enhanced specifications regarding banks’ obligations to homeowner associations (HOAs). When a bank forecloses on a home, it...

Technology News How to scan documents with Android devices CNET.com - That's why HandyScanner is so useful; it corrects the common issues with taking photos of documents, and even allows you to use filters that make them easier to read. Here's how to get started: Step 1: Grab HandyScanner from the Android Market.

Other News Top Five Money Mistakes You Can't Afford To Make Forbes.com - Sibylla, who agreed to cosign a home loan for her friend. But when the housing market tanked and the friend couldn’t make her mortgage payments, the burden fell to Sibylla. The friendship disintegrated, Sibylla’s FICO score dropped from...