The foreclosure crisis has special significance for homeowners with properties governed by homeowner associations which often charge large monthly fees for the general maintenance of the common areas. Many homeowners who have lost their condos and planned community homes to foreclosure are finding that they are indebted to homeowner associations for thousands of dollars long [...]

The truth is out, the housing industry is not recovering and the economy may be facing a double dip recession.  Sales of previously occupied homes plunged to their lowest level in 15 years and that's despite the presence of some of the lowest mortgage rates we've seen in decades.  But what is driving this perfect [...]

When the foreclosure crisis first began we heard a lot about the devastating effects of adjustable rate mortgages (ARMs) which were financially crippling millions of homeowners whose interest rates had reset. Unfortunately for many homeowners, ARMs are still pushing many into foreclosure causing a silent crisis on the thousands of communities across the nation.  At [...]

The newest foreclosure prevention scheme to come out of the White House is a $3 billion loan program that's intended to help unemployed homeowners avoid foreclosure.  But some homeowner and consumer advocate groups are crying foul saying that the only people guaranteed to benefit will be the banks.  Right now, the government is targeting states [...]

Bankruptcy Automatic Stay Post-Foreclosure Has your mortgage servicer already filed a foreclosure against your property?  Has the mortgage servicer already won a foreclosure judgment for possession and is just waiting to evict you from the property?  You may still be able to reap limited and temporary protections from the foreclosure eviction after filing bankruptcy. Here's [...]

The foreclosure crisis is threatening to enter a third year as the Tarrant County foreclosure rate for September showed an increase of 36 percent from August and Dallas County foreclosure postings jumped by 19 percent from a year ago. The root of the foreclosure crisis is not just unemployment and toxic mortgages but also the [...]

There's something fishy in the foreclosure industry, and yes it is an industry.  Millions of Americans are facing foreclosure but many of the rules designed to protect homeowners are being circumvented for the convenience of mortgage servicers and the lawyers who represent them in foreclosure court.  Housing advocates have unearthed a growing trend where mortgage [...]

Whether you lose your home to foreclosure, return it to the lender in bankruptcy or unload it in a short sale, your credit score could drop anywhere from 85 to 160 points.  The higher your credit score, the harder the hit you will take.  But there are some things you can do to position yourself [...]

A study released in May 2008 predicted that nearly two million children would be impacted by foreclosure by 2010.  Sun Belt states such as Arizona, California, Texas and Nevada are losing vast numbers of children due to foreclosure which is causing schools in some communities to shut down completely. But it's not just the communities [...]

In a new Public Television series by World Progress Report, Joan Lunden will help consumers identify scams and hopefully avoid them.  With the economy as it is, scams have become common especially scams that prey on vulnerable homeowners facing foreclosure , credit card debtors facing lawsuits and just about anyone facing any type of financial [...]