Open Houses Mean Free Fun And Food For Many

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Money’s tight for many. Movies are expensive. And more are cutting back on fancy restaurants. Americans are looking for free fun and it turns out open houses are becoming a popular pass-time. According to MSNBC, almost half of the people who attend open houses in New York City aren’t serious shoppers. They’re more interested in [...]

Serious Mortgage Debt

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Across the country, the number of homeowners whose mortgages exceed the current value of their homes reached record heights.  At the end of June, more than a third of all the mortgaged houses in the U.S. held this status – called “underwater” by those in the mortgaging business.  This figure is also perhaps the highest [...]

Quarter Of Americans Are Unaware Of Their Mortgage Status

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America has seen some bitter weather recently in terms of financial matters. The turbulent storm of a recession has been brewing on the horizon, and people are afraid that it may touch land and bring down a furious torrent of hardship and fiscal misery.
Although the issue is tied to matters beyond individual behaviour, there is [...]

The Advantages Of Using A Second Mortgage To Consolidate Debt

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Most of us seem to be struggling with debt of one sort or another these days. The debt is usually divided up among a number of different sources. Each one of these sources has a different interest rate and other fees associated with them to add to our overall debt load. If [...]

Record High Foreclosures

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Another piece of devastating news hit the media recently concerning foreclosure rates. In a report released last month the amount of home foreclosures rose to an all time high during the last portion of 2007 between October and December.
This news has fueled the ever growing fears that many consumers have regarding the possibility of a [...]

Mortgages Affected By Global Finance Crisis

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The IMF, or International Monetary Fund, recently announced that the worldwide financial situation relating to the global credit crisis is worsening. The results of the dangerously high default rates on subprime mortgage in the United States are having more and more far-reaching consequences, far beyond America.

Tags: mortgages, debts, credit crisis