According to an article in the Star-Telegram, the surge in April foreclosures may be the result of foreclosure moratoriums ending. Both Fannie Mae and Freddie Mac have ended their foreclosure moratoriums helping to push up the number of foreclosures posted for an April auction. Foreclosures have increased 32 percent since last year and 27 percent [...]

According to an article in the Star-Telegram, there are at least three bills being presented to the Texas Legislature that would give renters more rights when their landlords are foreclosed on. The article said: The bills would require earlier notification about foreclosures and give tenants more time before they have to move out. Other bills would [...]

According to an article in Star-Telegram, foreclosure scammers falsely claiming that they can save homeowners from foreclosure for a fee rarely face jail time, leaving civil lawsuits as homeowners' only recourse. The article said: While some states have recently toughened penalties for perpetrating the booming business of foreclosure scams, and some prosecutors have used existing [...]

According to an article in the Dallas Morning News a handful of banks are responsible for as much as 40 percent of all the home foreclosures in the Dallas-Fort Worth area in 2008. The article said: Two financial firms - Wells Fargo and Deutsche Bank - were responsible for about a quarter of the residential [...]

There's an interesting article at USA Today about the affects of the foreclosures crisis on school district funding nationwide. The article said: Census data show the districts' education budgets also are especially reliant on local property tax revenue, which is likely to slide at a time when thousands of residents in the districts are losing [...]

According to an article in the Star-Telegram, 351 Texas homeowners have been paid restitution by a Florida firm accused of fraudulently promising to help them avoid foreclosure . Foreclosure Assistance Solutions (FAS) paid 351 Texas homeowners more than $390,000 (total, not per person) and is banned from doing business in Texas in the future The [...]

The Office of the Comptroller of the Currency and the Office of Thrift Supervision want to uncover the truth about voluntary loan modifications during 2008. The offices will collect mortgage performance data from the largest national banks and thrifts and will review loan modifications which: increased borrowers' monthly principal and interest payments brought no change [...]

According to an article in the Dallas Morning News the sales and value of North Texas pre-owned homes continues to fall as much as 28 percent for single family homes and 31 percent for condos and townhouses. The massive amounts of foreclosures on the market is said to be contributing to the decline of sales [...]

According to an article in the Star-Telegram, many Americans are falling victim to Ponzi and pyramid schemes after experiencing a job loss, foreclosure or some other financial hardship. An estimated $6 trillion in wealth has already been lost since the crisis began and many Americans facing foreclosure and/or job losses are looking for quick and [...]

According to an article in the Star-Telegram, the foreclosure crisis is contributing to the increasing number of homeless children in Texas. In a report released by National Center on Family Homelessness, Texas' children are becoming homeless more often. Five percent of Texas' children are homeless. The article quoted Ken Martin, executive director of the Texas [...]