Nov 1st 2011 11:10AM
Even those that continue to make payments on a house that no longer exists aren't immune to foreclosure. Brad Gana, of Seabrook, Texas, is being threatened with foreclosure over a home that hasn't existed since it was destroyed by Hurricane Ike in 2008, local Houston 2 News reports. Furthermore, after the hurricane, which... Continue Reading »
Sep 3rd 2010 12:48PM
Fannie Mae won't fade away so easily -- at least not before it strikes some fear into sluggish loan servicers. The company has announced that it will penalize loan servicers who take too long to process foreclosures that clearly don't qualify for a short sale or loan modification. The fines will be based on a formula that... Continue Reading »
Jun 30th 2010 3:17PM
We told you about U.S. Army National Guard Capt. Michael Clauer and his wife, May, who lost their Frisco, Texas home because they fell behind on home association dues. Now the HOA is getting blowback. In Texas, if you fail to pay your home association dues, an HOA has the legal power to foreclose on your home -- even if... Continue Reading »
