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 [...]

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 [...]

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 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 [...]

According to an article in the Star-Telegram, the Federal Housing Administration (FHA) has been terribly weakened by the foreclosure crisis and many analysts fear that the housing agency may need a taxpayer bailout.
The article said:
“On Friday, the FHA said its financial reserves had sunk below mandatory levels for the first time in its 75-year [...]

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 [...]

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.  [...]

According to an article in the Star-Telegram, the Making Home Affordable program continues to fail to hit the mark in preventing foreclosures on any significant scale.
The article said:
“As of last month, more than 360,000 borrowers were enrolled in three-month trial loan modifications, out of about 570,000 who received offers. Only about 85,000 homeowners have [...]

Cities in Tarrant County are being hit hard by the foreclosure crisis which has slowed down property value increases this year.  According to an article in the Star-Telegram, because of foreclosures and slow property sales, Tarrant County’s property values rose only 2.4 percent this year, the smallest increase in 15 years.
The article said:
“The overall [...]

According to an article in the Star-Telegram, mortgage giants Fannie Mae and Freddie Mac, would topple over into bankruptcy without the lifeline of government funding that has poured into these behemoths since September 2008.
The article said:
“The companies, created by the government to ensure the availability of home loans, have tapped about $96 billion in [...]

In the bankruptcy case of Littleton, William L.; In re, the bankruptcy court rejected the debtor’s homestead exemption.
The details of the bankruptcy case:
“The Chapter 7 debtor owned no real prop­erty when he filed for bankruptcy. He disclosed that he transferred 6.64 acres of land in Tennessee about two months prior to filing for bankruptcy. After [...]

Bankruptcy is designed to protect individuals or businesses that are unable to meet their financial obligations–and provide protection to involved creditors as well.  While bankruptcy is a serious procedure and should only be considered if absolutely necessary, sometimes it is the best solution for those suffering severe financial hardship.  And, for some, it may be [...]