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The number of “underwater” mortgages declined in the second quarter of the year, but that’s mainly because some of those borrowers lost their homes to foreclosure, according to a new report out this week. 

The real estate data company Corelogic reported this week that 11 million homeowners, representing 23 percent of outstanding U.S. mortgages, were in negative equity in the second quarter of the year; that is, the amount owed on their mortgage exceeded the value of their home. That was down from 11.2 million previously and marked the second straight quarterly decline in underwater loans. 

Loan-to-value ratio a major factor

  Unfortunately, that decline was primarily due to foreclosures, the report said, and not rising or stabilizing prices. Practica Full Post…

Talking to the patients everyday, listening patiently to their innermost thoughts and feelings, had become a routine for her. Her manner of speaking and behaving with the patients was persuasive, warm and assuring. She advised them on how to deal with the psychological problems they could be having, helping them calm down, relax and look at things in a better light had become a routine thing for Susan. That is what she loved to do and that is what gave her immense satisfaction – to help people conquer their wayward psyche, which is, to say the least unfathomable.

Gosh, was that a bit too heavy? Full Post…

Arizona, like all other states of the United States, has state laws related to automobile ownership and auto insurance laws. This is to help in lowering down the increasing number of accidents in the state. The purchase of Arizona auto insurance can be expensive for some, but in the event that an accident does occur, it becomes more than the worth of its costs.

In 2007, about 55 percent of car crashes in Arizona which lead to death were due to drivers that have swayed from the roadway. Also, accidents in the intersection make up 22 percent of deadly car accidents in the state.

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I recently became one of the many in the world carrying a smartphone in my pocket. I made the jump to an iPhone4 this month and it has opened my eyes to a whole new world. The one thing I was amazed at was the number of barcode scanner apps that you can download. Some of them are free (which I obviously prefer) and some are the usual .99 cents. I downloaded a couple of the free barcode shopping apps and was suprised how easy it was to get prices on the items you use everyday. You just scan your items with your iPhone camera and from there you can compare internet and local prices and in some cases you can even read product reviews.

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Americans’ aspirations about homeownership are becoming more modest, envisioning smaller homes for themselves when they think about buying a home at all. 

Over two-thirds of renters (68 percent) said they don’t anticipating buying a home for at least two years, according to the newest American Dream survey by real estate information company Trulia.com, with 27 percent saying they don’t ever plan on buying a home of their own.  

Ideal home shrinks

  The ideal home size has also declined, to an average of 2,100 square feet, compared to 2,400 a decade ago. Only 9 percent of respondents said their ideal home would be in excess of 3,200 square feet, the so-called “McMansions” that were popular in the boom years.   The bigges Full Post…