Making Headlines Since The ’70s: Is College Worth It? The value of a college degree has been hitting a nerve lately. It isn’t a new trend: There’s a spike in this type of story during economic downturns. But even in our current economic recession, experts say graduates are still less likely to be unemployed and [...]
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Fewer Dallas-Fort Worth homeowners are behind on mortgages
Fewer Dallas-Fort Worth homeowners are behind on mortgages Fewer North Texas homeowners are behind on their mortgage payments, but the number of Dallas-Fort Worth residents losing their homes to foreclosure rose in August. Read more on Dallas Morning News
What happens in a repossession when the car is worth more than the loan?
I would like to know what happens if a car is repossessed and sold at auction, if the sale nets more money than the loan’s value. So if for example $4000 were owed on a car, and it auctioned for $6500, who gets the extra $2500?