Land law

At first glance, the release of tomorrow’s foreclosure numbers should add to that optimism, as analysts expect the number of new foreclosures to drop dramatically. But does that mean we’ve truly passed the worst moments of the housing crisis?

BUSINESS TAKEOUT: A year into the government’s loan modification program, the Treasury’s internal watchdog says the federal program might fail to prevent foreclosures. Meanwhile, private lender Bank of America announces major changes in how they will treat struggling homeowners. New York Times finance reporter Louise Story discusses whether the public or private sector is in […]

As home values fall, more and more homeowners are walking away from their mortgage payments and foreclosing on their properties. And some say this is the right decision.