According to an article in the Star-Telegram, Consumer protection agencies nationwide have experienced a rapid increase in the number of foreclosure "rescue" scams targeting senior citizens. The article said: "The report says that home foreclosure scams, which often target the elderly, were the most serious complaints last year. They were so bad, said Pastor Herrera [...]
According to an article in the Star-Telegram , Congressman Barney Frank threatened to revive legislation that would allow bankruptcy judges to write down a person's monthly mortgage payment if the number of loan modifications remain low. The article said: "People in the servicing industry and in the broader financial industry must understand that if this [...]
According to an article in the Dallas Morning News, Dallas-area home prices have declined 4.1 percent in May from a year ago; but the decline has slowed compared to other cities. The article said: "Nationwide, the rate of home price decline is less dramatic than in recent months. "The pace of descent in home values appears [...]
According to an article in the Star-Telegram , homeowners facing foreclosure who have loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration's "Making Home Affordable" foreclosure prevention program. The article said: "Effective Aug. 15, financially troubled homeowners who have an FHA-insured loan can apply for a [...]
According to an article in the Star-Telegram, the rise in foreclosures has slowed Tarrant County's net taxable property values putting many cities on a tight budget. The article said: "Tarrant County's net taxable property values increased the smallest amount in 15 years, creating fear among many local government officials as they prepare their budgets for [...]
Facing foreclosure can be one of the most nerve-wracking experiences for even the most financially seasoned amongst us. But if you're facing foreclosure, there a few simple rules that can help you navigate the process. Rule #1 - Don't delay in seeking help. Don't wait until you receive the foreclosure notice to seek help, as [...]
Well, it's official...it looks like the commercial real estate industry is plunging into a foreclosure crisis due to reduced lending, stagnant consumer spending and a whole lot of bad loans. According to an article in the Star-Telegram , the commercial real estate foreclosure crisis is getting so bad that even Morgan Stanley reported a loss [...]
According to an article in the Dallas Morning News , some advocates for Dallas-Fort Worth's low-wage workers accused the Texas Workforce Commission of stalling a payout of 13 additional weeks of unemployment benefits to workers who have been unemployed for more than a year. The Texas Workforce Commission claims that they must indefinitely delay unemployment [...]
According to an article in the Star-Telegram , two shopping, residential and office developments in the growing Alliance Corridor in far north Fort Worth are facing foreclosure, another casualty of the credit crisis. The article said: "Plans for the open-air development included 1.6 million square feet of retail, and medical and office space. Trophy completed [...]
According to an article in the Dallas Morning News, the number of Dallas-Fort Worth foreclosures have dropped below 5,000 for the first time in five months; but analysts say that number is still too high. The article said: "But filings in the four-county area are still 5 percent higher than a year ago. August's foreclosure [...]