According to an article in the Dallas Morning news, the foreclosure crisis is pushing home values down so far that they are comparable to the Dallas-Fort Worth home values in the 1990's. The article said: "Harvard researchers said that the U.S. housing business is in its worst slowdown since the 1940s... Dallas-Fort Worth is among [...]

According to an article in the Star-Telegram, experts are warning of an explosion of foreclosures that will rival the subprime foreclosure crisis. The article said: The mortgages in question are $230 billion of option adjustable-rate mortgages, creative lending products that flourished at the height of the housing boom. In an option ARM, a borrower can [...]

According to an article in the Dallas Morning News, there are more than 6,000 properties posted for foreclosure in the Dallas- Fort Worth area. That's a 62 percent jump from just a year ago. Dallas-Fort Worth has already experienced more than 35,000 foreclosure filings in 2009 alone and we're only at the mid-point in the [...]

Many homeowners facing foreclosure and considering bankruptcy are worried about how long their credit reports will show a foreclosure or bankruptcy filing. Well, first of all, it's important to know that many debtors are able to begin rebuilding their credit immediately following a bankruptcy and can even purchase a home or car within a couple [...]

According to an article in the Star-Telegram, a 55-year-old Rosario Divins was convicted of scamming desperate homeowners who were hoping to escape foreclosure . Divins promoted herself as a foreclosure specialist who could work miracles in helping homeowners secure new loans needed to avoid foreclosure. But Divins never made good on her promises, even after [...]

According to an article in the Star-Telegram, the government is handing out another $3.1 billion to a group of mortgage servicing companies as an incentive to modify loans to combat foreclosures. The article said: The department (Tresury Department) also added one company, Residential Credit Solutions of Fort Worth, Texas, to the program. It is scheduled [...]

According to an article in the Dallas Morning News, an LBJ Freeway property that was planned for high-rise development is now in foreclosure . The article said: The 15-acre tract next to the Galleria previously housed an automobile dealership. Last year, developers announced plans for a $1 billion complex on the land that was to [...]

There are approximately 59 million Americans living in association governed communities and according to an article in the Star-Telegram, many of them are facing foreclosure because of past due homeowners association dues. The article said: Thousands of Americans who have generally kept up with their mortgages are still in danger of losing their homes because [...]

According to an article in Reuters, foreclosures rose by 18 percent in May from 2008, marking the third highest month on record. The article said: "There were almost one million foreclosure filings in a three-month period, and that's simply unprecedented," Rick Sharga, senior vice president at RealtyTrac in Irvine, California, said in an interview. One [...]

If you're facing foreclosure , then you already know that getting the right people on the phone can be nearly impossible when calling your mortgage lender.  The important thing any homeowner facing foreclosure can do is be persistent and come armed with the right information.  Many homeowners don't know that mortgage servicing companies usually have [...]