foreclosure

The Florida house that former Washington Redskins safety Sean Taylor bought for his family, and where he was shot and killed by an intruder, is headed for foreclosure. And his mother is struggling to hold on to her own home as well, The Washington Post reports.
When Taylor died without a will on Nov. 27, 2007, [...]

The PBS star attracted crowds to what appeared on the surface as a way to help black borrowers build wealth, but a lawsuit alleges it was actually just the opposite.

The percentage of homeowners either in foreclosure or late on a mortgage payment topped 13 percent nationwide in the second quarter of 2009, the Mortgage Bankers Association reported today. The figure is the highest since the MBA began keeping records 37 years ago.
And the trouble is expected only to get worse.

Since the White House effectively killed the foreclosure crisis measure in the Senate, some in the upper-chamber are not ready to give up.

Some House members seek to resurrect a measure to allow bankruptcy judges to cramdown loan principals and terms that failed in the Senate this spring.

The Minnesota Independent’s Andy Birkey has the details:
Days after Rep. Michele Bachmann [R-Minn.] launched a petition against the Association of Community Organizations for Reform Now, ACORN is shooting back with a petition of its own.
“When you pick on ACORN, you pick on ME!” the petition says. “Congresswoman Michele Bachmann would rather pick on ACORN than [...]

Are we really going to go through this again? Immediately after the U.S. Department of Housing and Urban Development finished putting the final touches on a controversial plan to allow first-time homebuyers to use an $8,000 tax credit as a downpayment on a new home, some in the  Senate are proposing nearly doubling the credit [...]

Anybody who’d been following the ace reporting of TWI’s Mary Kane on the foreclosure crisis knows she’s one of the best in the business. Still, it’s nice for her to receive some official recognition of that fact.
At the Society of Professional Journalists DC Pro Chapter’s Dateline Awards Dinner on Tuesday, Mary — who was up [...]

What has — or hasn’t — Congress learned in the aftermath of the burst of the housing bubble?

When New York Times economic reporter Edmund Andrews penned his memoir of buying an overpriced house that led to his family facing foreclosure, he attempted to depict himself as an everyman caught up the financial crisis. If it happened to someone like him, it could happen to you.
This hasn’t worked out on many levels for [...]