Dallas-Fort Worth Foreclosures
Forced-sale postings have risen considerably in the Metroplex over the last year- nearly 23 percent. In fact, the Dallas-Fort Worth area has been among the five worst areas in the country for foreclosures.
The reasons behind this can be argued indefinitely, but among the most consistent for North Texans are the rising cost of living, the adjustable-rate mortgages, and the new credit card “rule” requiring a payment to double if it is late.
not to mention the age-old stunt of credit card companies approving individuals for more than they can really afford. It is making it that much harder for North Texans to live within their means.
Nevertheless, with the number of foreclosures growing in the area, the number of homeowners seeking relief is also expanding.
A solution quickly overlooked since the new law passed last October (The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) is bankruptcy. As the law indicates, it was passed to protect consumers and prevent abuse of bankruptcy- not to keep distressed individuals in need of debt relief from getting it.
Of course, filing bankruptcy is a huge, difficult step to take, but you are not alone. You can call 1-888-3NO-DEBT for help, or if you would simply like to know more about bankruptcy, please take a few minutes to browse through BankruptcyHome.
Please fill out our free evaluation form to determine if bankruptcy is right for you.
