21

Apr

Super liens a super risk to homeowners

Category: Articles

Super liens a super risk to homeowners

Using a loophole in Georgia’s foreclosure laws, savvy investors are snatching houses away from taxpayers who get behind on bills, short-circuiting legal safeguards designed to help them keep their homes. It’s done by putting claims against properties that are so swift and powerful they’re called “super liens.” In the worst circumstances, investors can obtain a [...]

8

Apr

Sharp drop in US homes lost to foreclosure in Feb

Category: Articles

Sign_of_the_Times-Foreclosure

While the nation’s foreclosure woes persist, new data show they’re easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes. The number of U.S. homes repossessed by lenders last month fell 11 percent from January and declined 29 percent from February [...]

8

Apr

Debt-settlement bill shelved for now in Georgia

Category: Articles

Georgia_State_Capitol,_Atlanta,_Georgia

Debt settlement companies — for-profit firms that offer to help consumers get out of debts for less than they owe — are trying to get a foothold in Georgia. But members of the state House banking committee on Monday shot down a version of a bill that would permit the companies to operate. Some consumer [...]

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