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Foreclosures in Waco, Texas Area on the Rise

The Waco Tribune-Herald had an article this week about foreclosure trends in McLennan County. It noted that the number of homes in the foreclosure process in Waco and the surrounding areas in May 2012 is up from May last year. The article noted that foreclosures, which had slowed at the end of last year, have started back up again. The article speculates that foreclosures are up from the end of last year in Waco, Texas and nationwide "because the government intervention and prevention efforts have slowed, and lenders are catching up and pushing through foreclosures that were on hold," said Daren Blomquist, a spokesman for California based RealtyTrac. That is what I heard all the time in my bankruptcy office. People who are trying to modify their home loans and work with mortgage companies who are now set for foreclosure and don't know what to do. They spend months sending documents and falling further behind until finally they have a letter with a foreclosure date. More and more each month coming in to save their homes. I have previously blogged about what your options are if you are behind on your mortgage payments. (see http://thekehllawfirm.com/if-behind-on-your-mortgage-payments-your-best-options/) If you are one of the many families at risk of losing your home to foreclosure, don't delay! Talk to experienced staff today who can work with you to determine the best option for you. Call 254-633-2876 or email me at [email protected] for a FREE, no-obligation consultation before you lose your home!   Photo Credit: The-Lane-Team

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