Is your home at risk of foreclosure ?  Many homeowners facing foreclosure fail to understand their rights and the tools available to them to prevent foreclosure. One of those tools is bankruptcy. Bankruptcy is designed to protect the primary residence of the debtor by using what's called the homestead exemption. The Texas homestead exemption is available [...]

There's an interesting article in the Dallas Morning news about how some subdivisions in the Dallas-Fort Worth area are being hit hard by the foreclosure and credit crisis. The article said: Hacienda del Sol never turned into the community homeowners say they were promised. Homeowners expected the southeast Dallas subdivision, tucked between a busy street and [...]

According to an article in the Star-Telegram, Congress sent the president legislation designed to prevent foreclosure.  Legislators hope that "Helping Families Save Their Homes Act" will encourage lenders to modify the mortgages of homeowners facing foreclosure. The article said: The bill would expand an existing $300 billion program that encourages lenders to write down an [...]

According to an article in the Dallas Morning News, Richardson Heights Shopping Center which has been in business for over 50 years is facing foreclosure . The article said: The owner of the 220,000-square-foot retail center is in default on more than $32 million in debt, according to information from Addison-based Foreclosure Listing Service. The [...]

According to an article in the Star-Telegram, the number of foreclosures coupled with rising job losses and cautious consumers has lowered the number of new home and apartment construction by 12.8 percent last month to an annual rate of 458,000, units. That's the lowest number of new construction on record going back 50 years. And [...]

According to an article in the Dallas Morning News, Dallas-Fort Worth has experienced nearly 30,000 foreclosure filings since the beginning of 2009 and that's not expected to decrease anytime soon. For foreclosures scheduled for next moth Dallas County has the largest total with 2,150 foreclosure filings scheduled to take place in June. The article said: [...]

According to an article in the Dallas Morning News, the growing numbers of foreclosure sales have dragged down Dallas-Fort Worth home prices since the first quarter of 2009. Because of foreclosures, Dallas-Fort Worth suffered a 4.7 percent decline in home prices since the first quarter of 2008. But even with the foreclosures decreasing home values, [...]

According to an article in the Dallas Morning News, one in five Dallas-Fort Worth area homeowners with mortgages now owe more than their house is worth. The article said: At the end of the first quarter, about 17 percent of D-FW-area mortgage holders were "upside down" in their debt...That's a slightly higher share than at [...]

According to an article in the Star-Telegram, the commercial real estate industry may be next on the foreclosure hit list. The article said: Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. By some estimates, two out of every three will no longer meet the original loan conditions [...]

According to an article in the Star-Telegram , the foreclosure crisis is emptying many neighborhoods, leaving behind literal ghost towns. Federal legislators are so worried about the amount of empty homes being left by foreclosures that they have set aside nearly $6 billion for local governments to fight blight by rehabilitating or demolishing vacant property. [...]