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

When looking to buy a home it is important that you take precaution to prepare. Besides knowing your budget and buying within reason to avoid the risk of foreclosure down the road, there are some basic steps to prepare for the application process. Organization Is Key Many real estate experts recommend having your mortgage loan  … Read more

After the devastating storm this week, the last thing that displaced families need is to worry about mortgage debt or foreclosure. President Obama issued a disaster relief declaration for several of the counties in the northeast, part of which includes an effort for HUD to offer foreclosure relief for victims. Relief For Rebuilding Victims in  … Read more

While not everyone is jumping at the chance to get back into the real estate market, industry analysts suggest we have been seeing signs of improvement in the last several months. A short look at what is going on today reveals some promising signs for homeowners and those struggling with underwater homes. Positive Trends The  … Read more

While it is true that dealing with credit card debt can be stressful, owing the IRS can be worse. Besides the fact that they are notorious for making persistent collection efforts, they also are quick to implement more serious consequences for nonpayment. Therefore, the best line of defense is quick contact to negotiate a plan  … Read more

The Home Affordable Modification Program was designed to help homeowners with financial hardship avoid foreclosure through loan modifications. However, many people have not been able to take advantage of the program due to strict lending standards. In order to reach more consumers dealing with mortgage debt, the government is extending the program and relaxing some  … Read more

After a rough few years with the foreclosure crisis and overwhelming debt troubles experienced by so many Americans, a new report suggests that consumer confidence is rising. In fact, the outlook for the U.S. economy is improving, especially in the areas of retail and real estate. Thoughts Lead To Action Although not too much has  … Read more

Debt relief is something many of us have needed, or will need in the future. While we can’t always avoid problems with financial hardship, we can control how we bounce back after debt problems. Whether you end up “settling” your debts or repaying them through a negotiated agreement, chances are you are going to need  … Read more

The original Home Affordable Refinancing Program (HARP) was intended to help homeowners struggling with mortgage debt refinance their home, before the risk of foreclosure sets in. While it was able to reach some, the early numbers were disappointing at best. However, the revised HARP 2.0 program is, so far, looking to be doing a much  … 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