According to an article in Reuters, the National Consumer Law Center (NCLC) just released a report finding that mortgage servicers have favored foreclosure over loan modification because it’s cheaper and even more profitable to the servicer.
The article said:
“Loan modifications inevitably cost the servicer something. A servicer deciding between a foreclosure and a loan modification faces [...]

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 [...]

It’s time to face the ugly reality of this foreclosure crisis, the administration’s Making Home Afford­able program had failed terribly.  Not only have we not stopped the foreclosure crisis, it has worsened.  The program was supposed to help 3 to 4 million Americans facing foreclosure; but so far only 360,000 homeowners have received mortgage modifications [...]

Bankruptcy is  important source of relief as job recovery still lags.
I still remember the recession when Jimmy Carter was president.  I would go to the houses of family friends and literally hear parents cursing Carter for their economic stress.  Families got through that recession doing the same things that many people are doing right [...]

According to an article in Dallas Morning News, as the foreclosure crisis presses on, home prices have continued to decline.  Nationwide, the foreclosure crisis has caused home prices to fall 13.3 percent below where they were last year.   Fortunately, Dallas-Fort Worth has faired better than the rest of the country.
The article said:
“Dallas-Fort Worth home [...]

There’s an interesting article in the Dallas Morning News which quotes Kent Swig, a millionaire real estate developer who is struggling with a $28 million judgment on his condo conversion project. His comments were very revealing about how he and others like him view bankruptcy. Referring to his personal bankruptcy options, Swig said:
“We are [...]

According to an article in the Star-Telegram, a widow is claiming that debt collectors hounded her husband to death with as many as nine harassing and illegal calls per day, causing stress that contributed to his fatal heart attack. She’s suing Green Tree Servicing for damages, claiming that their illegal collection practices that led to [...]

According to an article in the Dallas Morning News, the number foreclosures scheduled for next month in the Dallas-Fort Worth area  increased by 34 percent from a year ago.
The article said:
“Much of the increase is due to loan modification programs, which have delayed foreclosures from previous months. Almost 6,000 homes are scheduled to be [...]

There’s an interesting article in the Star-Telegram about the increase in the number of peer-to-peer loans for college students.  The author cites a contraction of student loan lending and restrictions on credit card lending to students as a major factor contributing to the uptick in the number of peer-to-peer loans amongst college students.
The article [...]

According to an article in the Dallas Morning News, lenders have filed foreclosure on the 42 acre redevelopment site located at the northwest corner of North Central Expressway and Walnut Hill Lane.  The hillside property was slated to become an urban village with housing, retail and office space.  But the development of the site [...]

Many debtors considering bankruptcy often want to keep their car while discharging their unsecured debts such as a credit card.  But depending on how their car loan document was written they may not be able to keep their car without paying off both the car loan balance and the credit card balance.  How can this [...]

Subprime brokers now in the loan modification business, consumers duped by promise of security for homes.
Most of us have seen at least one infomercial on TV that has tempted us to pick up the phone an order a product.  We are tempted by the hope that the product will make our lives easier or better.  [...]