5 Foreclosure Myths Debunked

Although foreclosure rates are no longer at historical peaks as they have been in recent years, millions of homeowners across the nation still face the personal and financial challenges of foreclosure proceedings. This is true in Texas, where foreclosure activity across the state and the Dallas-Fort Worth area has increased in past two years. That [...]

By | 2017-12-14T06:50:59+00:00 September 5th, 2017|Foreclosures|Comments Off on 5 Foreclosure Myths Debunked

If I Owe More Than My House is Worth Can Bankruptcy Help Me?

Debt and financial problems can make it difficult to keep up with obligations, including the ability to pay a mortgage. For some people, especially those who bought homes the height of the housing market boom, these problems can be exacerbated by high mortgage payments for a property that is no longer worth as much as [...]

By | 2017-12-14T19:02:04+00:00 March 13th, 2017|Bankruptcy, Foreclosures|Comments Off on If I Owe More Than My House is Worth Can Bankruptcy Help Me?

Foreclosure Rates Decline, But Homeowners in Dallas-Fort Worth Still Face Problems

America and the state of Texas experienced incredibly hard times when it came to foreclosures over the past several years. At the height of the mortgage crisis in 2008 to 2009, foreclosure rates surged a nearly unfathomable 80+ percent. Across the country, homeowners found themselves severely underwater and were forced to walk away from their [...]

By | 2017-12-13T00:44:26+00:00 January 20th, 2017|Foreclosures|Comments Off on Foreclosure Rates Decline, But Homeowners in Dallas-Fort Worth Still Face Problems

Falling Oil Prices Linked to Rises in Texas Foreclosure Rates

According to an article published by CNN money, plummeting oil prices may be related to problems with housing markets in Texas, Oklahoma, and North Dakota. While the national rate of foreclosure filings has dropped to a nine-year low, states heavily involved in the production of oil have not been as lucky. As oil prices have [...]

By | 2017-12-13T00:48:07+00:00 January 14th, 2016|Foreclosures, Loans / Mortgages, News|Comments Off on Falling Oil Prices Linked to Rises in Texas Foreclosure Rates

Houston Couple Awarded $5.4M after Fraud Found in Foreclosure Case

A Texas couple knew that foreclosure was imminent after they fell behind on their mortgage payments for several months. What they didn’t expect, however, was when their foreclosure notice came from a bank they had never done business with. After a lawyer looked over their mortgage records, they came to the conclusion that neither the [...]

By | 2017-12-20T07:27:11+00:00 December 28th, 2015|Foreclosures|Comments Off on Houston Couple Awarded $5.4M after Fraud Found in Foreclosure Case

Millions Misspent After Texas Receives Financial Windfall from National Mortgage Settlement

Three years ago, Texas homeowners facing foreclosure were given a glimmer of hope in the form of a $25 billion national settlement from five lenders who were accused of wrongfully forcing people out of their homes: Citi, Bank of America, JP Morgan Chase, Wells Fargo, and Ally. This money was earmarked to provide relief for [...]

By | 2017-12-13T00:48:30+00:00 December 3rd, 2015|Foreclosures, News|Comments Off on Millions Misspent After Texas Receives Financial Windfall from National Mortgage Settlement

Huge Spike in Home Repossessions During Lingering Foreclosure Crisis

While the rate of new foreclosures may be returning to normal, the damage caused by the past decade’s housing disaster is still lingering. According to RealtyTrac, a foreclosure analytics and sales company, bank repossessions have jumped 66 percent over the rate from this same time last year – the largest rise the company has ever [...]

By | 2017-12-13T02:03:21+00:00 November 9th, 2015|Bankruptcy, Foreclosures, Loans / Mortgages|Comments Off on Huge Spike in Home Repossessions During Lingering Foreclosure Crisis

Can Bankruptcy Help Me If I Am Dealing with an Eviction?

In many cases you can prevent eviction from moving forward if the landlord does not have a judgment for possession. In other words, if you receive an initial notice for eviction you may be able to file bankruptcy to stop the process from moving further. In some cases there may be exceptions to consider but [...]

By | 2017-12-13T00:45:14+00:00 March 14th, 2014|Foreclosures|Comments Off on Can Bankruptcy Help Me If I Am Dealing with an Eviction?

How Bankruptcy Can Stop Foreclosure Proceedings

A bankruptcy filing can immediately stop foreclosure in most cases when proceedings have yet to be finalized. Bankruptcy may help homeowners buy more time in determining their next move including whether or not they want to keep their home. This is also a good time for debtors to review with their bankruptcy attorney about their [...]

By | 2017-12-13T00:45:24+00:00 February 13th, 2014|Foreclosures|Comments Off on How Bankruptcy Can Stop Foreclosure Proceedings

Another Reason to Consider Bankruptcy to Avoid Foreclosure

Why You Should Consider Bankruptcy to Avoid Foreclosure Many homeowners are aware bankruptcy can help you prevent foreclosure thanks to various advertisements that regularly promote this benefit. But, research suggests that in fact bankruptcy may help you avoid foreclosure and even provides evidence that filing is effective in preventing pending sales. Researchers at the University [...]

By | 2017-12-13T00:45:36+00:00 November 27th, 2013|Foreclosures|Comments Off on Another Reason to Consider Bankruptcy to Avoid Foreclosure