Latest News in Mortgages and Home Loans- July 26, 2010

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For sale: Jim Morrison’s L.A. bungalow

Yes, Jim Morrison is still dead. But the rock star’s L.A. house is up for sale – and it can be can be yours for a cool $1.2 million.

Existing home sales fall 5.1%

Sales of existing homes fell 5.1% in June, an industry group said Thursday.

Bankruptcy can save your house from foreclosure

Slick TV commercials and online ads tell delinquent borrowers that they can save their homes by filing for personal bankruptcy. But is it true — or just too good to be true?

Best Places: 25 youngest

In Provo, Utah, the median age is under 23. What cities have a median age even younger?

America’s most overvalued cities

Don’t say we didn’t warn you.

Foreclosures: How bad is your state?

Best Places: Where homes are priciest

A home in Greenwich, Conn., will set you back $1 million. Where are prices even higher?

New home construction drops, but outlook brightens

New home construction fell to the lowest level of the year in June, but there were indications of increased activity in coming months, the government said Tuesday.

400,000 receive mortgage mods

Some 51,205 troubled homeowners received long-term mortgage modifications under President Obama’s foreclosure prevention program in June, bringing the total to 389,198 since the program began in the spring of 2009.

Best Places to Live in your state

California is home to 4 cities in the top 100 this year. See the best places to live in your favorite state.

Foreclosures swamp Nantucket

In the past decade, Nantucket Island has served as a barometer for the fortunes of Wall Street. The glass cracked after years of unsustainable pressures. But almost by magic, the barometer is rising once more even as something new and unexpected has come to the summer paradise: foreclosures, short sales, failed auctions, and a skinnier municipal budget. And while financiers can cut and run, it’s the locals who are being hardest hit.

Best home deals in 10 Best Places

Itching to move to one of our top 10 cities? You might score a real-estate bargain, too.

Price cuts galore on mega-mansions

For deep-pocketed plutocrats purchasing trophy homes, times are good. There is a glut of mega-mansions on the market — at deep discounts.

Credit score below 500? No FHA home loan

The once wide-open doorway to homeownership closed a teensy bit more this week when a key government agency announced a proposal to no longer allow mortgages for borrowers with very low credit scores.

25 Best Places for job growth

No. 8 Broomfield County, Colo., saw jobs soar 50% in the past nine years. Where has there been even more growth?

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