TEXAS BANKRUPTCY LAWYER: DOWNWARD TREND IN FORECLOSURES ?
TEXAS BANKRUPTCY LAWYER: DOWNWARD TREND IN FORECLOSURES NOT NECESSARILY A SIGN OF ECONOMIC RECOVERY I recently read an article in the San Antonio Business Journal by Tricia Lynn Silva regarding the downward trend in foreclosures. Her article says in part: “As of Nov. 30 2011, a total of 10,124 foreclosure notices had been filed [...]
Cities Filing Bankruptcy
The CEO of JP Morgan has recently stated that municipality bankruptcies (cities filing bankrutpcy) are on a rise. This is yet another effect of the recession – with income on the decline and foreclosures on the rise, cities are losing precious tax revenue and having to cut necessary services. Analysts are looking to these cities [...]
Mortgage Loan Modification Scams – What Consumers Need to Know
The economic recession and its effects on the real estate market have generated a new type of scam artist for consumers to be aware of: mortgage loan modification companies. Mortgage loan modifications are a type of loss mitigation program, designed by mortgage lenders, to minimize their losses by working with consumers to make mortgage payments [...]
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