Tag Archive: Foreclosure

10% Home Mortgages Under Water

Posted on February 24, 2008 by Jill Michaux, Topeka Consumer Bankruptcy Attorney

Here is a scary statistic for 2007 being reported by ABC News: 10% of American homeowners owe more money on their house than the house is worth. That figure has doubled from 5% in 2006.
For homes purchased in the past two years, the figure shoots up to an alarming 30%, according to Reuters. [...]

Read the full article »

in Mortgages.

Attorney General Six Gives Foreclosure Advice – Get Attorney, Learn Options

Posted on February 21, 2008 by Editor

Kansas Attorney General Stephen N. Six issued the following statement on home mortgage foreclosure this week, urging people facing foreclosure to seek help from an attorney.
Home foreclosure is a growing problem in Kansas and across the nation. Mortgage fraud and subprime lending have left many homeowners stuck with home loans they can no longer afford.

My [...]

Read the full article »

in Foreclosure, Kansas Bankruptcy News, Mortgages.