When a homeowner loses a house to foreclosure, the property is publicly auctioned on the county courthouse steps in an atmosphere that's often chaotic and crowded with lawyers .
That has the perverse effect of raising, not lowering, a homeowner's monthly payment.
To a homeowner who has always made mortgage payments on time, perhaps by sacrificing spending elsewhere, the whole concept may seem grossly unfair.
Homeowner Accidentally Sets Own House On Fire A homeowner trying to get rid of bed bugs sets the whole house on fire in South Jersey. Several people were hurt-- including firefighters.
June 12, 2013 - FOX 29 Philadelphia
Homeowner scares away would-be robbers A homeowner scared away two men he believed tried to rob him after they entered his home through an unlocked door.
June 12, 2013 - The Salisbury Post
President Bush in Reuters I think we can get us a bill, but it's going to require less politics and more focus on keeping our minds on who we need to help -- and that's the homeowner,Bush said at a roundtable on housing counseling.
John McCain in Reuters.fr It offers every deserving American family or homeowner the opportunity to trade a burdensome mortgage for a manageable loan that reflects the market value of their home,McCain said in a speech on the economy in Brooklyn.
Ben Bernanke in FOXNews Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure,Bernanke said.