Tag Archives: Foreclosure

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[STUDY] Wealth Gap for Black and White Homeowners Hurting Future Generations

A study finds an inability to pass on generational wealth

A study finds the racial wealth gap increased dramatically after the housing crisis, causing challenges…

By Stacey Tisdale

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What To Do if Your Mortgage is More Than Your House

Tips for managing underwater mortgages

The numbers are improving, but 8 million people have mortgages that are worth more than…

By Stacey Tisdale

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Washington Pays Millions to Get Counseling for Homeowners

‘HUD Wants You’ to understand your mortgage and get free advice

HUD is spending more than $40 million to help organizations that provide free counseling to…

By Stacey Tisdale

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CFPB Proposes Expanded Foreclosure Protections

New rules offer assistance to home owners

In an effort to address unsatisfactory mortgage servicing practices, the CFPB introduced rules that would…

By Sheiresa Ngo

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House Rich, Cash Poor

Njeri Barrett was off to a good head start, but when divorce and layoffs came knocking, her financial plans got derailed

“As a family we were making great income and we took the money and invested…

By Sakina P. Spruell

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R. Kelly’s Chicago Mansion Foreclosed and Sold at Auction

R. Kelly is one of the highest-earning recording artists of all time

The “Trapped in the Closet” singer defaulted on a 3.5 million dollar mortgage

By Makkada B. Selah

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Allen Iverson Loses Atlanta Mansion to Foreclosure

Home reportedly sold for $2.5 million

Allen Iverson is again in more financial trouble.

By Darren Sands

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Former NFL Star Jamal Anderson: From Dirty Bird to Dirt Broke

Bank repossesses former pro-bowler's home

Jamal Anderson has had a long and unprosperous fall from NFL stardom.

By Ashley R. Harris

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Jermaine Dupri Saves Home From Foreclosure

Jermaine Dupri stops home foreclosure for the second time in four months.

Jermaine Dupri gets judge to postpone foreclosure on Atlanta mansion.

By Amber McKynzie

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Freddie Mac and Fannie Mae Announce Eviction Moratorium for Holiday Season

Lending giants join in on holiday cheer

Two financial giants are giving consumers a break for the holidays.

By Ashley R. Harris

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New Hope for Mortgage Relief

Struggling homeowners are benefiting from efforts by the government and nonprofits to provide permanent loan modifications, refinancing, and other solutions

Because of the complexity of the mortgage market and the agreement, which will be executed…

By Carolyn M. Brown

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New Software Helps Homeowners Avoid Foreclosure

Stephfan Nurse created a software solution to help home loan modification applicants get approved

The Home Affordable Modification Program (HAMP) was created to help struggling homeowners keep their homes…

By Marcia Wade Talbert

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Mortgage Companies Forgiving Homeowners Big Time

First report of the foreclosure abuse settlement shows banks swiftly pardoned half of the $20 bil required

First report of the foreclosure abuse settlement shows banks swiftly pardoned half of the $20…

By Sakina P. Spruell

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Business Continuity Tips Discussed at Free Webinar Hosted by SBA and Agility Recovery

Wealth Decreases for Blacks During President Obama’s Term

Foreclosures and unemployment gave black wealth a big hit

Foreclosures and unemployment gave black wealth a big hit

By Sasha King

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Morris Brown College Files for Bankruptcy

College files for Chapter 11 bankruptcy to avoid foreclosure

College files for Chapter 11 bankruptcy to avoid foreclosure

By Gerren Keith Gaynor

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Morris Brown College Faces Foreclosure

Esteemed black college struggles to pay $13 million worth of bonds

Esteemed black college struggles to pay $13 million worth of bonds

By Gerren Keith Gaynor

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Michael Jordan Could Lose $1.5 Million In Gym Foreclosure

Along with the Charlotte Bobcats, Jordan hasn't been scoring points with his investments

Along with the Charlotte Bobcats, Jordan hasn’t been scoring points with his investments

By Black Enterprise

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Preview B.E. Business Report: How to Recover From Home Foreclosure

Also: Sea World President Terry Prather; Entrepreneurs of the Week Rodney Hughes and Tony McGee

Author Valerie Coleman Morris provides solutions for those recovering from home foreclosure

By BlackEnterprise.com

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Ask the Money Coach: Should You Walk Away from Mortgage Debt You Can’t Afford?

Carefully consider the potential pros and cons from walking away from your mortgage

How to carefully consider the potential pros and cons of walking away from your mortgage

By Lynnette Khalfani-Cox

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In the News: NASCAR Fans Boo Michelle Obama; Mariners Greg Halman Found Dead and More

A few noteworthy headlines around the Web

See what’s going on in the world with today’s compilation of news around the Web

By Sade K. Muhammad

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