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Adjustable-rate mortgages, down economy are ingredients for foreclosure
At 14, Joan Cyman hauled wood and clutched a hammer with her father to build a deck on the back of their house.
It was one of many projects to turn the already attractive four-bedroom, three bathroom suburban house into a home. She was 12 in 1976 when they [...]

No light at the end of the tunnel in latest forecast from the Mortgage Bankers Association.
By Jeanne Sahadi
For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.
That’s
the forecast from Doug Duncan, chief economist for the Mortgage Bankers
Association (MBA), who [...]

US President George W. Bush is set to announce for the first time a series of measures aimed at easing the US mortage crisis marked by rising defaults and foreclosures, US media said Friday.
The proposals target homeowners who have fallen behind on their mortgages and are the administration’s first official response to the troubled [...]

By SHARI FELD
Buy foreclosure, fix it, rake in the dough, right? It’s not always that easy. Arm yourself with research
It’s a complicated and risky investment. You’ll want to study up before you jump in, but here are some basic factors to consider.
To find a foreclosure, you’ll want to tap one of a few key [...]