Foreclosures and Options
Posted on 15. Feb, 2010 by toniarney in Blog
Home foreclosure filings jumped in the Dallas-Fort Worth area again after falling last month, according to Addison-based Foreclosure Listing Service Inc.
Foreclosure postings were up 34 percent in Collin and Denton counties and 23 percent in Dallas County. The foreclosure postings were up 22 percent from the same period a year ago, but down 4 percent from the fourth quarter of 2009. Not to mention, fewer than half of the homes scheduled for foreclosure auction each month are sold by lenders.
In many cases, mortgage companies are negotiating a debt restructuring with the homeowner which delays home foreclosure . So, if you’re struggling with your mortgage there’s options that may be available to you without foreclosure.
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