Texas loan modification
Texas loan modifications are pretty common for a couple of reasons.
The first reason is self explanatory, Texas is a huge state! The only state bigger in area than Texas is Alaska, and Alaska is not really buzzing with activity if you know what I mean.
The other reason why loan modifications in Texas are becoming so common is that the real estate market in Texas is really lacking as of late. The downturn in the economy has hit the big cities like Houston and Dallas especially hard.
So far in 2009 there has been a whopping 35,000 foreclosures reported so far! That is crazy when you think about it. 8 months, one state, 35,000+ foreclosures? That’s 35,000 familes that do not have their home anymore.
Avoid foreclosure, talk to someone that you know and trust in Texas about a loan modification and save your house! Be smart!