Now that elections are over and many new seats are filled in the Senate, people are waiting with baited breath, wondering what is going to happen now. The situation the nation is facing concerning foreclosures is making it one of the most important questions in the Senate and the White House. There were clearly some constructive steps towards helping Americans keep their homes by putting forth the “Affordability and Stability Plan.” However , this program does not help the unemployed or the under employed.
There are foreclosures happening in the thousands every month all across the united states and it looks like Texas is on the list of hardest hit states thus far. Since new people are seated in the Senate many foreclosure questions are being sent their way and the public is expecting proper answers. The Attorney General of Texas go off an alarm that reached across the nation. Now that all the Attorney Generals in all of the states took up the “call to arms” and enlisted a team to investigate banking practices concerning foreclosure many consumers are waiting with hopeful hearts. This has got to be giant step towards getting the foreclosure laws changed.
In Texas a person first buy a home there is a clause in the agreement that provides each lending institution the authority to foreclose on your residence with just a twenty-one day notice if you default in a mortgage payment. The foreclosure question here is the reason why such a few minutes? Why not give a family time to recuperate and Charles Stoudt save residence? This is one of the things that the Attorney General’s investigating team is going to look into along with fraudulent banking practices. The fact that many homes were foreclosed upon without verifying the facts is another foreclosure question that they will be searching for very seriously.
Finally, foreclosure attorneys are trying get rid of many foreclosure cases for clients under the new Obama Plan but are getting stalled by the legal court system. This is very frustrating to those homeowners who want to save their homes from foreclosure. Thats why homeowners are asking the foreclosure question, why put forth a bailout if it’s not easy to turn to? The foreclosure lawyers are working hard to help save the house from foreclosure. The greatest thing a homeowner can help is use a foreclosure lawyer to help save their home at least until some of the major foreclosure questions have been cleared.