… 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 declined by 4 percent since then.  Nationwide, homes prices are down 11.3 percent from a year ago, and some cities such as Las Vegas, Phoenix and Detroit …

Tags: dallas fort worth Home Prices

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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 prices fell by a scant 1.6 percent from a year ago in the latest housing market measure.”

The foreclosure …

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According to an article in the Dallas Morning News, Dallas- Fort Worth home prices have declined by 5 percent in April compared to the previous year. Nationwide, home prices have fell 18.1 percent.

The article said:

“The biggest annual declines in April were recorded in Phoenix, down 35.3 percent; Las Vegas, down 32.2 percent, and San Francisco, down 28 percent, Case-Shiller found. Denver, down 4.9 percent, and Dallas, down 5 percent, had the slightest price …

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According to an article in the Dallas Morning News, Dallas-area home prices are down 4.5 percent from a year ago; but that’s much less than the 18.6 percent housing price drop nationwide.

The article said:

“While the declines in residential real estate continued into February, we witnessed some deceleration in the rate of decline in some of the markets,” S&P’s David M. Blitzer said in the report. “We will certainly need a few more months …

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According to an article in the Dallas Morning News, pre-owned home prices in the Dallas- Fort Worth area have dropped 5 percent in 2009. Nationwide pre-owned home prices have dropped 19 percent. This is leaving many Dallas-Fort Worth homeowners owing more on their homes than they are worth and sometimes even facing foreclosure because of resetting ARMs and/or job losses.

Many homeowners are facing a 1, 2, punch-knock-out, facing resetting ARMs, job …

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According to an article in the Dallas Morning News, a government report noted that U.S. home prices fell 6.3 percent in January from the same month in 2008. Such a significant drop in home prices is negatively affecting homeowners here in Texas, especially those facing foreclosure. Homeowners facing foreclosure are finding it nearly impossible to sell their homes, not just because there are fewer buyers; but because they can’t sell their home at a price that will allow them …

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During the boom, many homeowners took out home equity lines of credit (HELOC) and are now struggling to repay those loans plus their mortgage.  Can a debtor discharge their HELOC in Chapter 7 bankruptcy and keep their home?  The short answer is no.  A debtor can discharge the home equity loan in Chapter 7 bankruptcy but they cannot discharge it AND keep their home.  However, if a debtor would like to keep their home, they may be …

Tags: Bankruptcy Chapter 7 Bankruptcy HELOC Home Equity Loan

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… advice.  One of the worse pieces of advice given to debtors considering bankruptcy is to get a home equity loan.  That could be a big mistake.  Here a few reasons why getting a home equity loan to avoid bankruptcy might not be the right move for you:

Typically, you can’t use debt to get out of debt. Anyone who has filed bankruptcy can attest to that truth.  For most debtors considering bankruptcy, their financial troubles are caused by two problems, 1) lack of income and …

Tags: Bankruptcy Debt Home Equity Loan loans

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Could your neighbor’s foreclosure affect your ability to resell you home even though you are not personally facing foreclosure?  Maybe. Many homeowners are finding that the large amounts of foreclosures in their neighborhood are having an indirect affect on their ability to resell their home at a profitable price or to break even.

When a mortgage lender has a home appraisal done, the value of that home is determined in part by what similar houses in the …

Tags: Appraisals Bankruptcy foreclosure Home Sales Mortgage

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If you’re in Chapter 13 bankruptcy and you want to sell your home, there are few things you need to know before you proceed:

The bankruptcy court must approve the terms of the sale before a debtor closes on the property.

The debtor’s bankruptcy attorney must notify all of the creditors in the bankruptcy before the property is sold.

You and your bankruptcy attorney must disclose the details of the proposed sale to both the …

Tags: Bankruptcy Chapter 13 Bankruptcy Law Selling a Home

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The Making Home Affordable foreclosure prevention plan was suppose to help millions of homeowners avoid foreclosure, however the foreclosure program has failed to attain it goals.  According to a Treasury Department report, 27 percent of homeowners taking part in mortgage modification trails are delinquent on their mortgage payments.  And while the foreclosure prevention plan was designed to help …

Tags: foreclosure Loan Making Home Affordable Mortgage modification

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According to an article in the Star-Telegram, the home buyer tax credits have been approved and are expected to be signed into law by President Obama. For first-time home buyers (or anyone who has not owned a home in the past 3 years), legislators extended a tax credit of up to $8,000 which was originally scheduled to expire at the end of the month and added another tax credit of up to $6500 for home buyers who have lived in their current home …

Tags: Home Buyer Tax Credits New Home Buyers Stimulus

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