Home Insurance

Insurers Blacklist Vicious Chihuahuas

Dogs in experiment
AP
During a pre-screening interview for homeowners insurance, Michael Richbourg of Atlanta was asked if he owned any dogs. He said he had two mixed breeds. He wasn't sure what kind, but one appeared to be mostly schipperke (pronounced, skipper-kee). Hearing the breed, the agent quietly replied that he was unable to process Richbourg's application further.
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WalletPop Blog

Mortgage Fees Jump to Record Highs

bad borrowing
Interest rates are at record lows, which makes this a pretty fantastic time to refinance. But there's just one problem...find out what it's going to cost you to re-do your loan.
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Survey: Homes Depreciated

NEW YORK (Reuters) - A record number of U.S. homeowners thought their homes had depreciated in value in February, according to a Reuters/University of Michigan survey published on Friday.
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Repair Business Thrives in Downturn

TUCSON, Arizona (Reuters) - On a gritty corner in Tucson, Arizona, used tire store owner Andy Alexander says business is fine despite the economic downturn -- and partly because of it.
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WalletPop Blog

Family May Lose Cave to Foreclosure

A Missouri family bought a cave a few years ago, built a house within it, and now is facing foreclosure. The property is up for bidding on eBay. What would your bid be?
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How I Almost Lost My House

The banks are halting foreclosures, and some people across the country are sighing with relief. I know how they feel. Back in 2007, I was one of them.

Foreclosure Stories

    Desperate Measures: In late October, June Reyno chained herself to her Mira Mesa, Calif., house to try to stop a bank from taking it. "I'm not going to walk away from this home quietly," she said. Her family was unable to keep up with mortgage payments after refinancing the home and facing money problems.

    CNN

    "We are very proud of this home, and we are not going to allow the bank to just take it away from us," Reyno told KFMB in San Diego. "This was going to be our home until we died," she said. Watch the video from CNN.

    CNN

    Foreclosure Angel: Tracy Orr, left, and Marilyn Mock embrace after Mock bought back Orr's home at a foreclosure auction in Dallas on Oct. 25. Mock had never met Orr before but decided to come to her aid after seeing her in tears at the auction.

    WFAA-TV in Dallas, TX

    Orr, here at the auction, told WFAA-TV in Dallas-Fort Worth that she went to the sale to say goodbye to her home. "It means so much to all of us," Orr said. "It's not just a house."

    WFAA-TV in Dallas, TX

    Mock started bidding on the home, above, even though she had never even seen a picture of it. She ended up getting the property for less than $30,000. "I just kept asking [Orr], 'Is it worth it?' She said yes," Mock recalled.

    WFAA-TV in Dallas, TX

    Mock said she will meet with Orr soon to work out the details of the purchase. Why would she go to such lengths for a total stranger? "People need to help each other and that's all there is to it," Mock said.

    WFAA-TV in Dallas, TX

    Prospective buyers listen to bidding at the auction. Nationwide, more than 2,700 people lost their homes to foreclosure each day from July through September. Watch the video from CNN.

    WFAA-TV in Dallas, TX

    Halting Evictions: Cook County Sheriff Tom Dart of Illinois told reporters Oct. 8 that his deputies would stop evicting people from foreclosed properties. Why? He said tenants who had paid their rent are suffering because of property owners who are delinquent on their mortgages.

    CNN

    Authorities said the owner of this building in Albany Park, Ill., took the rent money from tenants and fled the country without paying the mortgage.

    CNN

    These families had faced eviction before authorities stepped in. "I don't think this is fair because we don't know what happened," said one woman. "We were paying rent every month." Watch the video from CNN.

    CNN

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Most Expensive Home Insurance

If you live in one of these five states, unfortunately you're probably paying the highest insurance premiums in the country. See if your state is on the list and find out which disasters menace these areas.
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The Safest Cities to Call Home

Coral Springs, FL
AP
If you're looking for a relatively crime-free place to live, cities in the northeast dominate the top of the list of America's safest. This year's new number one, however, can be found in southern California. See this year's full list of the 24 U.S. places where security is abundant.
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Denied Claims

Is your insurance company playing hardball? Has your legitimate claim been denied? Insurance companies are paying out less in claims in relation to premiums collected than any time in the last 20 years. Find out what you can do if your justified claim is rejected.
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overwhelmed by insuranceJonathan Berr

Do you have a question about insurance? Ask our insurance expert Jonathan Berr.

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