Daily Archives: April 26, 2012 - 3 results

The American Association of Retired Persons (AARP) is awaiting word on its challenges to federal rules and industry practices that are placing widows and widowers at risk of foreclosure. In March of 2011, the AARP Legal Foundation filed suit on behalf of the surviving spouses of three homeowners against the federal Department of Housing and Urban Development (HUD), alleging that policy changes enacted by that agency in late 2008 regarding reverse mortgages were pushing them into foreclosure. Reverse mortgages are …

In a lesson for online writers and bloggers, a federal judge in New York recently spiked the claims of unpaid bloggers for the TheHuffingtonPost.com who wanted a share of the $300 million bonanza when AOL bought HuffPo. The volunteer bloggers claimed that the company concealed information regarding the money the website earned from their posts. For bloggers, the moral of the story is: Don’t expect to get paid if you don’t have a written contract. Just because the publisher got …

The foreclosure crisis isn’t over, but a new trend in real estate sales could be the light at the end of the tunnel for many borrowers and lenders. Short sales, which occur when homeowners sell their homes for less than what they still owe, outpaced foreclosures for the first time ever in January, according to a new report from Lender Processing Services, Inc. Another report by RealtyTrac estimates that short sales rose 33 percent between January 2011 and January 2012. …