Sunday, August 14, 2005

Words Aren't Cheap When Buying Home

The Herald Democrat: "Home-buying is a complicated business. Not only does it require a lot of time, money and form-signing, but also learning a new vocabulary, said an expert from Texas Cooperative Extension.

Knowing these terms could be worth thousands of dollars, said Nancy Granovsky, Extension family economics specialist. Granovsky quoted an article in the Wall Street Journal, which stated some of this vocabulary is connected to new styles of mortgages designed to 'snare borrowers seeking lower monthly "
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La Raza - Debts Impossible to Pay Off

La Raza - Debts Impossible to Pay Off: "In total, of the 62,432 foreclosures nationwide, 3,667 were in Illinois. According to the RealtyTrac company, there are at least 550,000 properties in the country at present that were foreclosed for failure to make mortgage payments. This means one out of every 1,853 homes. In Cook County alone, RealtyTrac has a list of 25,952 foreclosed properties. "
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Rocky Mountain News: Foreclosures Rising

Rocky Mountain News: Real Estate: "Only four states in the country had more foreclosed homes for sale last month than Colorado.
There were 6,159 foreclosed homes for sale in Colorado in July, ranking the state No. 5 in the nation, according to the study by Foreclosure.com, based in Boca Raton, Fla. "
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LongmontFYI - Colorado No. 5 in foreclosures

LongmontFYI - Colorado No. 5 in foreclosures: "DENVER � There were 6,159 foreclosed homes for sale in Colorado last month, ranking the state No. 5 in the nation, behind only Texas, Ohio, Michigan and Georgia, according to a new survey.
Texas led the nation with more than 12,000 homes on the market, according to Foreclosure.com of Boca Raton, Fla."
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