BofA has officially acquired Countrywide Financial - but not without taking on a surprisingly large amount of risk in times like these.

It’s official: Bank of America has acquired Countrywide Financial, marking the completion of an audacious rescue of one of the most troubled lenders in the United States. The deal will expand Bank of America’s […]

Not like it’s really a suprising fact, but definitely a sobering one. I previously wrote about the game my children and I play where we guess the number of “For Sale” signs we’ll count on a street as we’re driving. It’s times like that when you realize the housing bubble and credit crisis […]

Just like many of us have to pay increased HOA dues for upkeep on homes that have been abandoned, condos have it even worse because upkeep fees tend to be much more closely tied to condo ownership than single family home owners.

Barbara Sanz has never missed a mortgage payment, but the plunge in real estate […]

You have to be very careful how you read titles like this because many have a knee-jerk reaction to thinking, “stopping foreclosure - that’s great!”. But there are many foreclosures that are simply going to have to happen if we want the economy to get itself back on track.
You can’t put a fire out […]

We’re seeing this more and more - the benefits of owning a house are no longer outweighing the benefits of renting instead. With high profile folks like Jose Canseco electing to be foreclosed on rather than make uncomfortable payments or the folks who are losing their homes in The Hamptons due to the North […]