Foreclosure Prevention Programs Not Working For Those With Underwater Mortgages
What good is it to modify a mortgage, only to owe three times what the house is actually worth? Well for many homeowners facing foreclosure, it's just not worth the paper the modification is...
Largest Foreclosure Posting in North Texas in More Than 20 Years
The 400-room Four Seasons Resort in Irving, which hosts the annual Byron Nelson golf tournament, is facing foreclosure. In 2009, more than 2,400 commercial properties were posted for foreclosure in the Dallas-Fort Worth...
FHA Rules To Change As Foreclosure Crisis Worsens
The Federal Housing Administration (FHA) has been hit pretty hard by the foreclosure crisis. The agency, which insures 30 percent of new loans in the U.S. against default, has suffered heavy losses due to...
What You Need To Know About Pre-Packaged Bankruptcy and 363 Sales
In 2009 we saw many corporate bankruptcies move swiftly, with the company filing bankruptcy and emerging form the bankruptcy process in only a few months. But what exactly are the bankruptcy tools being used...
Foreclosure, Home Appraisal And Bankruptcy
Could your neighbor's foreclosure affect your ability to resell you home even though you are not personally facing foreclosure? Maybe. Many homeowners are finding that the large amounts of foreclosures in their neighborhood are...
“SWAT” Teams To Swoop Down On Mortgage Servicers?
Is this real or just more "hot air"? The Treasury Department claims that is ready to send in the police if mortgage servicers don't shape up and help stop more foreclosures. Well not exactly...
Divorce and Bankruptcy: Three Questions You Need To Ask
Couples filing bankruptcy and going through a divorce need to carefully weigh their bankruptcy decisions. Here are a few questions you should ask yourself and your potential bankruptcy attorney before you proceed: Should We...