How to Avoid Mortgage Insurance (Not)

I heard a very compelling ad on the radio yesterday. A large, very well-known national lender came up with a new program where you can avoid mortgage insurance – because the lender pays it for you! An offer this generous will, of course, make the phones ring off the hook. The cynics among you, however,...

Risks of Buying Foreclosed Properties Includes Prison

This is a departure from my normal fare, but I found it interesting. A close friend and colleague was buying foreclosed properties at auction a few years ago and found it difficult to compete with a clique of buyers at the auction who seemed to be (gasp) colluding with each other. It turns out he...