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Some experts predict that down the road lenders will exercise greater leniency when it comes to borrows who defaulted on their mortgage. The most important factor for lenders will be in determining whether or not the borrower can meet his or her financial...

Billionaire investor Warren Buffett predicted that the real estate market downturn will end by 2011 as the housing inventory declines. "Within a year or so, residential housing problems should largely be behind us," Buffett wrote in his annual...

The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining. The drop means the number of people losing their homes will start to fall. But some pain...

I'm sure by now everyone has heard the term 'short sale" and that it means the owner owes more on the house than the house is worth. However, there is a lot more to this "short sale" phenomenon? Did you know that a home listed for...

Let's begin with the bad news. Mortgage rates increased slightly to just over 5% this past week. The average rate on a 30yr fixed was 5.01%. The Federal Reserve would like to keep rates around the 5% mark to continue to make home buying affordable....