As the housing market continues to inch towards improvement, a backlog of foreclosures continues to slow it down. Industry analysts are now suggesting that one of the foreclosure laws intended to protect consumers is partially to blame for this clog in the system. Judicial vs. Non-judicial Foreclosure States have variations in their foreclosure laws, one  … Read more

One of the foreclosure options available to anyone facing financial hardship is a deed in lieu of foreclosure. This allows the borrower to relinquish the property to the lender in exchange from being released from the loan debt. Although the borrower does not get to keep the home, they do get spared from a stressful  … Read more

If you are suffering a financial hardship and are wondering about the risk of foreclosure, there are a few important aspects to know. From knowing how it works, to finding help, getting to know the basics can help you better manage your mortgage debt problems. At A Glance Before your home is ever entered into  … Read more

The foreclosure crisis his the entire nation hard, but some cities and states were affected more so than others. A new report suggests that Dallas-Fort Worth was one of the luckier cities, dodging the brunt of the trouble and maintaining a low foreclosure rate. Locally Low Like much of the country, the rate of Dallas  … Read more

Many people dealing with mortgage debt are desperately trying to avoid foreclosure. Knowing that losing a home in foreclosure can result in credit problems down the road, the consequences can be worse than some expect. Credit Truths The reason that a foreclosure can damage your credit is simple; you borrowed a large sum of money  … Read more

These days it isn’t just the middle class or those working two jobs trying to stay afloat that suffer with mortgage debt and the risk of foreclosures; but even the rich are falling victim to a struggling market.  In fact, foreclosure activity rose by nearly 500% for $1+ million homes between 2007 and 2011, compared  … Read more

If you are facing foreclosure you are probably already dealing with additional stress and anxiety over the thought of losing your home. While there is some cause for concern and a call for action, it is important to know a few things about how to deal with the foreclosure process. Knowledge Is Power First, understand  … Read more

Foreclosures are saturating the real estate market. While many people avoid them, there are some great deals to be gained for buyers. However, buying a foreclosure should be considered with caution and efforts taken to avoid some of the more common pitfalls. Proceed With Caution The most important aspect for buyers of a foreclosed property  … Read more

It seems like every week something new is revealed about the current housing market. Some experts suggest that we are headed towards a recovery, while others aren’t as optimistic. So what can we expect for the remaining half of this year? The Ups and Downs Unfortunately, we don’t have a crystal ball so no one  … Read more

If you’ve been receiving some letters about foreclosure from your mortgagee, you might be feeling overwhelmed as if you have no other options.  You should know that you have foreclosure alternatives.  While mortgage debt can feel quite oppressive, you should know that foreclosure isn’t the only way to get rid of your mortgage debt.  In  … Read more