Foreclosure

When homeowners are unable to make their mortgage payments, it is possible that the lender may move to foreclose on the property. In Texas, a mortgage servicer can start a foreclosure on behalf of a mortgagee if both parties have an agreement that says the mortgage...

After the housing crash and Great Recession that started in 2008, many people in Texas lost their homes due to a foreclosure. However, a significant number of other individuals were able to hold onto their homes as a result of loan modifications and other breaks from...

As Texas residents may know, while the rate of foreclosures may have dropped to earlier levels, the number of bank repossessions has gone up dramatically. According to RealtyTrac, a 66 percent increase in repossessions this year during the third quarter included over...

Homeowners in Texas who are having financial problems are often worried about what will happen to their residence. In some cases, mortgage payments become overwhelming and there is concern that the bank may foreclose on the loan.Foreclosure is a real risk in...

Texas residents may have noticed that there are not as many foreclosures on the housing market as there were during the recession. However, a significant percentage of real estate sales still involve foreclosures across the U.S. In July, foreclosed properties...

Many people in Texas don't know that once they get a foreclosure notice in the mail, it could be several years before the bank repossesses their home. In some cases, banks change their minds about pursuing a foreclosure but fail to inform the homeowner. When a...

Texas homeowners may be interested to know that although their home state isn't among the top 10 for foreclosures, the national averages are rising. According to statistics published in June 2015, one out of every 1,041 homes or housing units had undergone filings in...

Many Texas homeowners who get behind on their mortgages and who have little hope of catching up initially attempt to sell their homes in the hope a sale will solve the problem. If the home does not immediately sell, however, they may be left trying to decide between...

Those who study home loans say that homeowners who took out a home equity line of credit during the housing boom could trigger a new wave of foreclosures. This is because the payments on those loans are about to increase significantly, and in some cases, homeowners...

Many U.S. citizens hope to own a home now or in the future. Yet, the rising cost of living often prevents people in Texas from being able to afford their house. Bills begin to mount, and calls from lenders become more frequent. In some situations, foreclosure is...