Foreclosures and Home Improvement

Personal Finance Tools are Becoming More Popular

Personal Finance

It can be hard for anyone to personally manage their personal finances. This could be because you often don’t know where your money is going or where what you should do with it. Personal finance tools can help you create a budget and keep track of your spending.

How to Spot a Good Deal When Buying a House

Foreclosure Market

When looking to buy a house, it is important that you know how to spot good deals when buying a house. Houses in bad locations may be a problem because of a lack of access to good facilities, school, etc. It’s also important to keep in mind that crime rates can be a major problem. It is best to look for a house that you can afford but that is in at least a somewhat decent location.

Pay Attention in Order to Negotiate REO Properties

Foreclosure Market

REO properties are properties that are owned by the bank and that were formally owned by a homeowner. They were unable to make their mortgage payments on time and than the bank takes them in. The bank will then sell them at a foreclosure auction for a reduced price.

United States Justice Department Sues Bank of America Over Faulty Mortgage Securities

Mortgage Information

The Justice Department is suing Bank of America over misrepresenting their mortgage loans to customers, not checking them thoroughly for flaws and selling bad quality loans to borrowers. The people who spoke up about it were five investors who collectively lost $100 million due to Bank of America’s bad lending practices.