Dallas and Fort Worth Foreclosures Exceeded 61,000 This Year

Dallas and Fort Worth foreclosures surpassed 61,000 residential units this year, according to a report from the Mortgage Bankers Association. The delinquency rate also increased to 9.6 percent of all mortgage loans in the metro area. " Dallas and Fort Worth foreclosures...

Foreclosed Homes Continue to Surge Despite Low Interest Rates

The increasing number of foreclosed homes continues to remain unabated despite low interest rates as banks hesitate to approve loan applications of credit-worthy homeowners. " Foreclosed homes rate in the United States increased by 3.3 percent for the fourth quarter of last...

Unemployment, Defaults, Cheap Houses for Sale Increase

The figures are in and the verdict does not bode well for the economy, particularly the real estate market. " Fourth quarter 2008 data showed that more and more Americans lost their jobs, fell behind their mortgages, bank foreclosure increased and cheap houses for sale...

More Lenders Working with Troubled Borrowers to Avoid Foreclosure

In the past year and a half, about 3 million Americans were able to receive assistance in the form of affordable loans via different mortgage relief programs initiated by both the government and the private sector. But aside from these programs, the Mortgage Bankers...