While we all know what a foreclosure means, many of us don’t know what really happens to a property once it enters the process. Who owns the property? Who is responsible for maintaining the property? How does a foreclosure affect the neighborhood? Are there any laws that deter criminals from a foreclosed property? All of  … Read more

As part of several bills, Texas passed several new laws that began January 1st of this New Year. Covering everything from voting to veterans, the new laws are hoped to provide many Texas residents some relief in the coming year. Foreclosure Help Although Texas hasn’t been on the hardest hit by the foreclosure crisis, it  … Read more

There has been a dramatic shift from homeownership to renting over the last decade. Back in the 1950s owning a home was the cornerstone of the American Dream, but has since become part of a nightmare. Between dropping home values and an increase in foreclosures, many families simply find renting less risky and more affordable  … Read more

As the Occupy movement has shifted its focus from Wall Street to local neighborhoods, protestors are now taking on big banks to help stave off foreclosures for local residents. The Occupy foreclosure movement has gained a lot of ground in recent weeks, spurring one  of the biggest controversial actions since the movement began. Local authorities  … Read more

When reviewing options to avoid foreclosure, there are many things to consider. Each option comes with different benefits and risks that could impact your financial future and likelihood of ever obtaining a mortgage loan again. Further, there are very different qualification standards for loan modifications, short sales and deed in lieu transactions. While a deed  … Read more

Some good news appears to be on the horizon as foreclosure filings fell last month. As the U.S. housing market faces a tough road ahead, many are optimistic that the worst is behind us. However, a detailed look into the past foreclosure patterns reveals some shocking statistics. In The Numbers Recent efforts to help homeowners  … Read more

The government hasn’t taken the foreclosure crisis lightly and has even developed several foreclosure aid programs in efforts to help struggling homeowners find mortgage debt relief. Unfortunately, many homeowners continue to struggle and have yet to find the relief they are looking for. Maybe there are too many options, or maybe homeowners simply don’t know  … Read more

For many homeowners, the experience of foreclosure has become all too real in this tough economy.  The housing market and mortgage debt crisis has hit new highs over the last few years, leaving many scrambling to find a solution. Unfortunately, as the number of struggling homeowners increases, so has the number of foreclosure alternatives scams.  … Read more

Nevada is among the hardest hit by the foreclosure crisis, with nearly 60  percent of homeowners underwater on their mortgage. A huge drop in home values and local economic turbulence sent too many Nevadans into mortgage debt. Homeowners and local government alike began combating the issues in attempt to save their housing market from hitting  … Read more

While some of us have been busy making our lists and shopping for gifts, many families around the country have been planning how to manage their home in foreclosure this Christmas. The unfortunate reality is that many people will face losing their homes this holiday season. However, Fannie Mae and Freddie Mac and several other  … Read more