Word: mortgagee
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Even a road trip can feel like a luxury when it costs $75 to fill the fuel tank. That's why Ronelle Scardina, 39, scrapped plans to drive 400 miles to Disneyland in Anaheim, Calif., this July and decided instead to rent a cabin on a lake just two hours...
The cult of Buffett has always been strong, but this year there seemed to be a special longing for the reassurance of his folksy charm. Amid turbulent economic times, Buffett's style of unemotionally buying solid businesses for the long term--forever, ideally--provided a beacon of stability for the...
The black bus rivals a greyhound in size but has an interior like a limo--and it gets a few curious looks as we wander into the dense neighborhoods of Elk Grove, Calif., a quiet suburb 15 minutes south of Sacramento. Five of us--a mortgage counselor, three investors and...
These "magical misery tours" are real estate agents' attempts to move their ever increasing inventory fast, as the mortgage crisis forces more and more homeowners into foreclosure. The idea originated in nearby Stockton last year and has migrated to other cities in California, Michigan, Florida and Massachusetts. Elk Grove alone...
Amid the tide of red ink flowing from many of the world's largest banks these days, big profits seem out of fashion. On Tuesday alone, Deutsche Bank announced its first quarterly loss in five years, while HBOS, the U.K.'s biggest mortgage lender, said it would replenish its depleted...