Foreclosure

The legal foreclosure process in Texas

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...

Dealing with an upcoming foreclosure

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...

Foreclosures still a problem in some areas

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...

Foreclosure rates rising across the nation

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...

Foreclosures versus short sales

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...

Texas foreclosures could rise due to HELOCs

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...

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