According to an article in the Star-Telegram, Fannie Mae is offering homeowners facing foreclosure the option of leasing their home instead of going through the foreclosure process.
The article said:
“The government-controlled company, through its new “Deed for Lease” program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions [...]

Have you noticed the commercial centers near you growing a little quieter lately?  If so, you’re not alone.  Commercial real estate nationwide has taken a beating that has many experts fearing the worse.  Vacancy rates have soared while rents have hit rock bottom. And many property owners are struggling to avoid foreclosure. Some have even [...]

The Star-Telegram has announced a free foreclosure prevention workshop.
Date: Saturday, November 7, 2009.
Time: 9am – 2pm
Location: Dallas Convention Center, 650 S. Griffin St.
The workshop is designed to help homeowners facing foreclosure discover their options for preventing foreclosure.  Homeowners will also have an opportunity to meet with their mortgage servicing company and/or a housing counselor to [...]

According to an article in the Dallas Morning News, the Commerce Department reported that new home sales have dropped in September by 3.6 percent.  Some analysts expect that the drop off in sales is a result of potential homebuyers delaying their decision to buy a home due to the expiring tax credit which will end [...]

According to an article at ABC News, the foreclosure crisis has just taken an ugly and violent turn as two mortgage loan agents claim that they were attacked, tortured and robbed by disgruntled homeowners facing foreclosure.
The article said:
“A California couple and three accomplices were charged in the case. They are accused of beating and torturing [...]

According to an article in the Dallas Morning News, the foreclosure crisis is still depressing Dallas-Fort Worth home prices, which have decreased 1.2 percent in August from a year ago.  Many analysts are considering that an improvement. However, before the foreclosure crisis, Dallas-Fort Worth home prices had reached their peak in June 2007 and have [...]

As the foreclosure crisis worsens, many homeowners facing foreclosure are finding themselves the target of sensationalists, whiners and finger-pointers. The foreclosure crisis, some say, is the result of irresponsible, greedy homeowners who have taken on more than they could handle and now they’re experiencing the consequences of their extravagance.  But is that really true?
The foreclosure [...]

There’s an interesting article in the Huffington Post, which suggests a unique (well not so unique) solution to the foreclosure crisis.
The author said:
“Let’s have a federal bill that states that any bank that took a bailout loan and hasn’t paid it back yet isn’t permitted to foreclose on anybody’s primary residence. In addition, bonuses for [...]

There is currently a huge push to extend the expiration date on the $8,000 federal “tax credit” for first-time homebuyers and even expand its scope. But should we really spend an additional $16.7 billion lining the pockets of the mortgage industry while millions of Americans face the prospect of foreclosure? Some “experts” say yes.
An article [...]

According to an article in the Star-Telegram, the number of foreclosures in Tarrant County have increased by 35 percent since November 2008.
The article said:
“At this pace, and with only December’s postings remaining to be filed, I fully expect D-FW residential postings for 2009 to top 60,000, which will be an all-time record high,” Roddy said [...]

According to an article in the Star-Telegram, the foreclosure crisis is having an impact on the 2010 Census as more families become homeless due to foreclosure.
The article said:
“Director Robert Groves said he expects some of the census questionnaires mailed out in 2010 will land at empty homes in areas hard hit by the housing crisis…Job [...]

According to an article in the Star-Telegram, Dallas-Fort Worth has one of the worst oversupply of condos in the country.  Dallas alone has a five-year supply of million-dollar condo units sitting empty.  The high priced condos account for 1 out of every 4 condos in foreclosure The glut of condos have been hurting prices and [...]