Many times, borrowers want to find foreclosure alternatives that are the least damaging to their credit. They may not stop to think about the tax liability they may be making. It is true, both a short sale and a deed… Read more
Tag: foreclosures
Changes in HOA rules may help lower Texas foreclosures
Before 2013 when changes were made to how homeowner association assessments could be processed, some former property owners found their homes lost in Texas foreclosures and sold at ridiculous rates. Eighty-one-year-old Wenonah Blevins fell behind on her HOA fees for two… Read more
Foreclosure prevention services may save homeowners from making gut-wrenching moves
Joel and Estela Costas owned their house in 1998. They did not have to make house payments. In 2007, the couple had some financial difficulty; they got a property tax loan. They did not think it would be hard to… Read more
Time to call the foreclosure hotline
How does a young Texas couple lose more than $1,500? A company bilked them. It promised to help them re-negotiate their loan. The company, Excel, claimed it could help the couple get a modified mortgage loan. The company’s experts did… Read more
Seven foreclosure prevention programs that are the best Resources
Are foreclosure prevention programs helping Texans who need it? Many Texans do not apply for these programs created to prevent foreclosure. Some people do not know what kind of help exists. Others do not know what options are available. According… Read more
How does a foreclosure Work?
Left. Right. In Texas, this one-two punch is how the foreclosure process begins and sometimes, sadly, ends. How does a foreclosure work? It is a quick process. A Houston mortgage borrower receives a notice that they have defaulted on their… Read more