Thousands of Texans facing foreclosure want to save their homes; but they simply don't know how. If you're facing foreclosure here's what you should to do to fight back and try to save your home: Don't ignore the envelopes with the "window." Many times when homeowners are facing foreclosure, they feel overwhelmed and decide to [...]
According to an article in the Star-Telegram, congressmen are getting up-close and personal with mortgage lenders on behalf of homeowners facing foreclosure. The article said: Several lawmakers whose districts are drowning in foreclosures are taking unprecedented steps to help people stay in their homes, including picking up the phone themselves to negotiate with banks on [...]
According to an article in the Dallas Morning News, more than 30 percent of Dallas-area home sellers have been forced to cut their prices at least once. That percentage is even higher for home sellers with houses priced at $1 million or more. The article said: "Everyone wants to think they are getting the best [...]
According to an article in the Keller Citizen, a Harris County district judge has frozen the assets of an alleged foreclosure scam company after a local couple accused them of taking $1500 in a foreclosure scam. The article said: One complaint was by a young couple who found themselves in financial straits after buying a [...]
According to an article in the Star-Telegram, the number of borrowers who were 60 days or more delinquent on their mortgage payments rose to 5.22 percent for the first three months of 2009. That's 62 percent higher than last year. This is a smaller percentage than reported by the Mortgage Bankers Association; but still alarmingly [...]
According to an article in the Star-Telegram, state legislation designed to protect renters from the fallout of foreclosures was shot down, along with similar bills; but new federal legislation has come to the aid of renters affected by foreclosure. The article said: The federal measure requires banks that gain control of homes to honor tenants' [...]
It has been three months since the new foreclosure prevention program went into affect. And of the four million homeowners facing foreclosure the program was suppose help only 100,000 homeowners have received mortgage modification offers. No word yet on how many of those offers were actually accepted. According to the Mortgage Bankers Association, nearly 5.4 [...]
According to an article in Reuters , we haven't seen the bottom of the foreclosure crisis yet. Foreclosures are expected to rise as housing prices plunge, job losses increase and a new wave of foreclosures are set to hit the market over the course of the next two years. The article said: "We're not at [...]
According to an article in the Dallas Morning News, almost 8 percent of Texans are behind on their mortgage payments and nearly 4 percent of all home loans nationwide were in foreclosure at the end of March. But the sub-prime market in Texas is still taking a brutal blow. The article said: In Texas, more [...]
According to an article in the Star-Telegram, many middle-class homeowners are facing rising property taxes while some higher-end property owners receive lower property tax assessments. One such resident, Richard Humphries, a 77-year-old retired railroad worker recently received a property appraisal that showed an increased value of $55,000 while his neighbor's property value remained the same. [...]