According to an article in the Dallas Morning News , the high-profile Opus West owned shopping center and apartment complex near the Galleria is facing foreclosure. The article said: The Broadstone Parkway development on Inwood Road just north of LBJ Freeway is one of several North Texas properties built by Opus West Corp. The Phoenix [...]

According to an article in the Star-Telegram , prosecutors nationwide have filed 189 cease and desist orders against foreclosure scammers who market themselves as "loan-modification consultants." Prosecutors accuse these foreclosure scammers of bilking homeowners out of thousands of dollars while falsely claiming that they could negotiate with mortgage lenders to make mortgage payments more affordable. [...]

According to an article in the Star-Telegram , more than 49,000 homeowners in Texas faced foreclosure since January of this year, up 6.25 percent from the previous six months . That's 1 out of every 192 Texas homeowners facing foreclosure. The numbers worsen on a national scale as 1 out of every 84 homeowners nationwide [...]

According to an article in the Dallas Morning News, three months after the new rules regulating the appraisal of homes were implemented the changes are now being fought by the mortgage industry, realtors, homebuilders and the appraisal industry itself. The article said: "The new guidelines essentially put a firewall between lenders and home appraisers. They [...]

The foreclosure crisis has reached a feverish pitch. With nearly 10,000 foreclosures per day, more and more Americans are losing their homes to foreclosure despite billions of dollars invested in foreclosure prevention schemes. Job losses, restricted credit, exploding APRs and a mortgage industry that has adopted a "delay the inevitable" attitude towards loan modifications and [...]

Homeowners facing foreclosure often work hard to save their homes, contacting the mortgage lender, sending in requested paperwork and waiting patiently for a response. But because of the current backlog faced by many mortgage lenders, homeowners facing foreclosure are also faced with a nerve-racking wait that could jeopardize their home. In judicial states like California, [...]

According to an article in the Star-Telegram, Texas has experienced a steady decline of home sales mostly due to a large number of foreclosures , job losses and lack of available credit. In June, Texas only sold 6,782 single-family homes, a 14 percent decline from June 2008. The article said: "Buyers are still finding it [...]

According to an article in the Star-Telegram, many mortgage companies are putting in very little effort to prevent foreclosures. Many homeowners facing foreclosure approach their mortgage lender for assistance but their pleas for help are often met with silence or "help" that's offered has very little tangible benefit. The article said: "Celina Gallegos of Arlington [...]

According to an article in the Star-Telegram, commercial property foreclosure postings rose by 12 percent in North Texas from a year ago. The article said: "There have been 384 postings in Tarrant County through July, down 27 percent from a year ago, according to Addison-based Foreclosure Listing Service. In Dallas County, postings are up 27 [...]

According to article in the Star-Telegram, a new poll revealed that 41 percent of Americans said that the government's foreclosure prevention plan which gave $50 billion to banks as in incentive to lower borrowers' monthly payments, has failed to reduce the number of foreclosures. Only 28 percent of those surveyed said that the foreclosure prevention [...]