The potential of income-producing rental property has lured many people into the business of being a landlord. However, buying rental property and becoming a landlord is not an automatic money generator. There are a variety of factors at play that will determine whether the endeavor will be successful.
For homeowners struggling with mortgage payments, one of the first options that comes to mind tends to be mortgage modification. Of course, in order to be truly beneficial, the mortgage modification must result in a reasonably lowered interest rate.
It's no secret that a lot of people have lost their homes over the last ten years or so. However, there is evidence that foreclosures are on the decline.
Home prices are on the rise in San Antonio and nationwide. However, this has not stopped people from diving into the local real estate market in search of new homes.
Veterans and active-duty soldiers are facing foreclosure at an alarming rate in some parts of Texas. Further north in Bell County, more than 65 percent of new foreclosures last year involved homes owned by either current or former members of the military.
When money gets tight, bills pile up and the threat of foreclosure looms, people often become desperate for a solution. Unfortunately, that can make them targets for scams.
Texas lawmakers are cracking down on wraparound mortgages, a practice that is perfectly legal, but has recently been used by predatory lenders in a manner that has resulted in foreclosure and financial ruin for homeowners.