Zombie mortgages haunting homeowners now facing foreclosure
A shocking report claims thousands of homeowners are at risk of losing their homes to “zombie mortgages” purchased by companies, some of which are forcing them into foreclosure without their knowledge. Many of the shocked homeowners took out second mortgages they thought had been wiped out during the subprime housing bubble of 2004-2008, only to […]
Forecasters project active hurricane season as homeowners remain unprepared for damages
Recent studies have shown that securing openings in your home, especially your garage, can help protect your home from serious damage caused by hurricanes. (iStock) A recent survey shows that while homeowners can take steps to prepare for hurricane damage, many still need to do so. According to the Federal Alliance for Safe Housing (FLASH), […]
Police warn homeowners of ‘out of town’ scammers trying to sell, rent vacation properties they don’t own
Police in Southampton, New York, are warning real estate agents and homeowners to be on the lookout for “outsider” scammers looking to make a quick buck by reselling luxury properties they don’t actually own. The Long Island hotspot has seen a “skyrocketing” in scams, where most of the homes are second homes, and it could […]
US homeowners should exercise extra caution in these states, where adverse possession can be claimed in just ten years
In some cases, individuals who meet certain requirements may be able to occupy your property. This is legally known as “unlawful possession.” As squatting cases rise in certain areas across the country, Fox News Digital investigated what’s commonly known in the legal world as “squatting” – a mechanism by which individuals can occupy private property […]
Most homeowners would rather remodel their home than buy another home: study
Home renovations are becoming more popular. (iStock ) Home renovations are becoming more popular, especially as prices for existing homes soar. About 63% of homeowners Adobe research Many said they would rather renovate their home than go through the process of buying a home. The survey involved more than 1,000 homeowners across the country. The […]
Homeowners with adjustable mortgages could get slammed
Heritage Foundation economist Peter St. Onge provides analysis of the housing affordability crisis on “The Bottom Line.” It was cheap, but High risk mortgages People who are behind on payments on loans taken out several years ago could see their monthly payments soar. More than 1.7 million homes have been purchased with an adjustable rate […]
Armed thugs try to steal Chicago homeowner’s Ferrari and Range Rover, but he grabs his gun and foils their plan, police say
Illinois State Police say an armed homeowner thwarted a plot by a trio of car thieves to break into his house and steal his keys. The homeowner, who did not want to be made public, He told WGN-TV He described the incident that happened Monday morning at his home on Sheridan Road outside Winnetka. “There […]
Homeowners insurance costs rising amid mounting weather-related losses, inflation: report
Condominium Global host and FOX News real estate contributor Katrina Campins weighs in on February housing statistics and NAR’s proposed new commission rules. A new Moody’s report says homeowners are struggling with higher premiums as companies that offer homeowners insurance seek to mitigate rising losses from weather-related incidents and inflation that are hurting profits. They […]
Pennsylvania porch pirate snatches package from homeowner’s hands mere seconds after it’s delivered
A tough-looking porch pirate was caught on surveillance video snatching thousands of dollars worth of belongings from a homeowner’s hands in a matter of seconds. The daring theft reportedly occurred around 3pm on Tuesday in Montgomery County, Pennsylvania, where the victim, identified only as Henry, was retrieving a package containing six iPhones for his family. […]
Nearly half of all homeowners concerned weather-related events will raise their homeowners insurance rates
The increase in natural disasters is causing significant rate increases across the country. (iStock) The increase in natural disasters is not only wreaking havoc on homes, but is also impacting homeowners’ insurance premiums. Almost 50% of homeowners are concerned about extreme weather events and their impact on their homes. Fannie Mae research found. Heat and […]