Balloon amortization

Wednesday, November 12th, 2008

A balloon payment is a large onetime payment that is made to pay off a loan. A balloon amortization mortgage loan is offered by many lenders as a way to refinance your home loan if you can qualify certain credit worthiness. A mortgage amortization loan followed by a balloon payment is ...

Posted in Foreclosure News, Nation, Real Estate | 1171 Comments »

September 2008 Foreclosure activity decreases by 12 percent

Friday, October 24th, 2008

RealtyTrac’s U.S. Foreclosure Market Report released yesterday shows foreclosure filings like default notices, auction sale notices and bank repossessions were reported on 265,968 properties in September, a 12 percent decrease from August, but still a 21 percent increase from September 2007. One in every 475 U.S. housing units received a ...

Posted in Business News, Foreclosure News, Nation, Nation News, Real Estate | 140 Comments »

Families role in tackling debt

Thursday, October 23rd, 2008

Family plays an important role for the financial stability of a home. It's the responsibility of every member of the family to support each other in tackling debt for a comfortable future as well as present. "Families need to get together and be more open about it," Christopher Viale, president ...

Posted in Nation, Real Estate | 241 Comments »