From the category archives:

Avoid Foreclosure

The Number Of Underwater Mortgages Could Reach 20 Million By 2012

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_3547()’,5000); }); function loadFBShareMe_3547(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-3547′).remove();$(‘.DD_FBSHAREME_AJAX_3547′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_3547′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_3547′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/dallas-real-estate/the-number-of-underwater-mortgages-could-reach-20-million-by-2012&size=large’); }); }The number of homes in default is growing everyday. Some people have legitimate financial hardship, divorce, death, illness, job loss but many homeowners are just mad that their home is no longer worth what they paid for it. Some borrowers just walk away from their [...]

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Homeowners in Financial Trouble

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New Government Initiative To Provide Aid To Jobless Homeowners

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_3370()’,5000); }); function loadFBShareMe_3370(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-3370′).remove();$(‘.DD_FBSHAREME_AJAX_3370′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_3370′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_3370′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/foreclosures/new-government-initiative-to-provide-aid-to-jobless-homeowners&size=large’); }); }A new government initiative targeting unemployed homeowners facing default debuted in July, just as the unemployment rate took a slight dip. Under the Home Affordable Unemployment Program, eligible homeowners who aren't being served by HAMP will get some temporary mortgage relief, with an opportunity to [...]

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Properties In Distress Are Selling For An Average 27 Percent Discount

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_3368()’,5000); }); function loadFBShareMe_3368(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-3368′).remove();$(‘.DD_FBSHAREME_AJAX_3368′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_3368′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_3368′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/foreclosures/properties-in-distress-are-selling-for-an-average-27-percent-discount&size=large’); }); }Distressed sales are increasing as foreclosures and repossessions mount, accounting for 50% or more of all sales in Nevada, California and Arizona. The selling price for distressed properties averages 27 percent below other real estate, with the deepest discounts in Ohio, Kentucky and Illinois. Distressed [...]

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Fannie Mae Getting Tough on Home ‘Walkaways’

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Struggling Homeowners Find Help Outside Obama Program

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_3248()’,5000); }); function loadFBShareMe_3248(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-3248′).remove();$(‘.DD_FBSHAREME_AJAX_3248′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_3248′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_3248′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/dallas-real-estate/struggling-homeowners-find-help-outside-obama-program&size=large’); }); }More borrowers dropped out of the Obama administration’s foreclosure prevention program last month than were added, but many of those homeowners found private help from their mortgage companies, according to recently released data. The number of mortgages with permanently reduced payments under the Home Affordable [...]

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More Dallas-area homeowners were late on mortgages in April

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_3070()’,5000); }); function loadFBShareMe_3070(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-3070′).remove();$(‘.DD_FBSHAREME_AJAX_3070′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_3070′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_3070′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/dallas-real-estate/more-dallas-area-homeowners-were-late-on-mortgages-in-april&size=large’); }); }The number of Dallas-area homeowners with late mortgage payments hit a record again in April. The 6.3 percent of home mortgage holders who were three months or more behind in their payments in April was up two percentage points from a year earlier, according to [...]

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‘Upside-down’ home foreclosures growing in Dallas-Fort Worth

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_2998()’,5000); }); function loadFBShareMe_2998(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-2998′).remove();$(‘.DD_FBSHAREME_AJAX_2998′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_2998′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_2998′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/dallas-real-estate/upside-down-home-foreclosures-growing-in-dallas-fort-worth&size=large’); }); }A growing number of Dallas-Fort Worth homeowners who are losing their homes to foreclosure owe more than the property is worth. More than 20 percent of foreclosure postings in D-FW in the first half of the year were for homes with more debt than the [...]

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New Loan Modification for the Unemployed

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_2859()’,5000); }); function loadFBShareMe_2859(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-2859′).remove();$(‘.DD_FBSHAREME_AJAX_2859′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_2859′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_2859′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/foreclosures/new-loan-modification-for-the-unemployed&size=large’); }); }I have good news for some you who have experienced a job loss and are behind on your mortgage payments or soon will be. As part of the new Home Affordable Modification Program (HAMP), that the government released April 5, 2010, they are now [...]

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Dallas-area HOAs post homes for foreclosure

jQuery(document).ready(function($) { window.setTimeout(‘loadFBShareMe_2788()’,5000); }); function loadFBShareMe_2788(){ jQuery(document).ready(function($) { $(‘.dd-fbshareme-2788′).remove();$(‘.DD_FBSHAREME_AJAX_2788′).attr(‘width’,’53′);$(‘.DD_FBSHAREME_AJAX_2788′).attr(‘height’,’69′);$(‘.DD_FBSHAREME_AJAX_2788′).attr(‘src’,'http://widgets.fbshare.me/files/fbshare.php?url=http://dallastexasrealestateblog.com/foreclosures/dallas-area-hoas-post-homes-for-foreclosure&size=large’); }); }By STEVE BROWN / The Dallas Morning News A growing number of North Texas home foreclosure filings have nothing to do with the usual late mortgage payments. About 350 Dallas-Fort Worth area homes are facing a forced sale because the owners owe money to homeowners [...]

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