The impact of foreclosure problem in the US housing markets needs no elaboration. After a severe and distressing foreclosure activity prevailing in all Counties of the US, there appears to be a slowing down in the aggressiveness of new foreclosure filings – a 9 percent decline is reported overall in the country in April this [...]
Residents of rented homes are kept in the dark, while the landlord forfeits the property to foreclosure fiasco. But in Dallas-Fort Worth, several communities are taken over by lending banks as a whole and the residents come to know of it while digging deep for some unfinished tasks by the developer. Here is one news [...]
The very first sign of distress starts with inability to meet the mortgage repayments for home owners, in all parts of the country. The reasons adduced are so many – starting from the down-turn economy to loss of employment to cash-crunch. The ballooning effect of adjustable rate mortgages, signed blindly on the dotted lines of [...]
Home owners who borrowed loans under mortgage of property for purchase of homes and when the home value falls below the loan dues, they are identified conversely as home owners “underwater”. Arising out of the foreclosure crisis plaguing the country for quite some years, there are hundreds of thousands of such “underwater” home owners. It [...]
No question – the foreclosure devastation plaguing the country for quite a few years now has rendered millions of proud home owners forfeit their homes; many more are just waiting on the threshold of eviction from their homes; defaults and re-default of mortgages are increasing every month in various parts of the country; housing markets [...]
According to latest report on foreclosure activity, Texas holds the ranking outside the Top 10 States consecutively for nearly 6 months period, unlike earlier. While new foreclosure filings show a decline overall in the State, Dallas County follows the same pattern. Texas State new foreclosure filings recorded for the month of March, according to trusted [...]
It is not necessarily defaults in mortgage payments alone, to cause foreclosure sale of homes. Even Home Owners’ Associations can post foreclosure sales to recover their dues. This is what the peculiar situation obtaining, as evident by the number of homes – 350 to be precise – in Dallas-Fort Worth scheduled for foreclosure auctions for [...]
According to one Addison-based research firm, the List of Bank Foreclosures for Sale in 19 Counties of Texas, including Dallas, have been muddled by mortgage lenders making repeat postings. Repeat posting means a property originally posted in the listings for sale under foreclosure gets taken away from the list, when the troubled property owner tries [...]
Following the footsteps of the total foreclosure activity in the country, which has shown a 7 percent increase for the quarter ended March 2010, Dallas in Texas has broken the record for the second time. The number of foreclosure sale public auctions slated for April 2010 is 6,168 properties, which is the highest for the [...]
