LOANS NEWS AND GUIDES

Kia is recalling certain 2011 Sorento and 2010 Soul models due to an electrical problem that could cause a fire. Apparently, some of the wiring harnesses used in the lighted door speakers and interior accent lights may have been improperly soldered. When those lights are on, an electric short could cause a fire. There are about 35,185 vehicles affected, according to the National Highway Traffic Safety Administration. Kia dealers will replace the wiring harnesses for free. Owners will be ...Read More...

Harder to Find Loan Modification Help Banking industry rejects bill that would help homeowners save their homes. Source: ABC

See original here: Banks stop loan modification bill

Your erstwhile Editor-at-large was roaming the streets of New York, when she happened upon this lovely couple from CA. They are among the 11 million households with negative equity in their homes

Read the rest here: Video: Is Strategic Foreclosure For You?

Social network gets flak from Greenpeace over its planned giant data center in Oregon, but Facebook says its efficiency will be industry-leading.

Originally posted here: Facebook reacts to Greenpeace anticoal campaign

A Mint Hill man has pleaded guilty in connection with a mortgage fraud scheme that involved kickbacks to a homebuilder, according to documents filed Wednesday in federal court in Charlotte. Mike Foley, a former real estate agent, pleaded guilty to one count of mortgage fraud conspiracy and one count of making false statements. He will

Read more here: Former Real Estate Agent Pleads Guilty to Mortgage Fraud Scheme Involving Builder Kickbacks

Erin Kennedy-Florez was 10 months into a one-year lease on a Richmond, Calif., home when she found a notice on the door saying that her landlord’s lender was foreclosing on the property. She called the landlord, who told her he was trying to refinance the house – and that she should keep sending him rent.

More here: Renters pay price when landlords stiff banks