DALLAS MORTGAGE DELINQUENCIES JUMP IN JANUARY
DALLAS (Dallas Morning News) - The number of Dallas homeowners 90 days or more late on their mortgage payments surpassed Texas' delinquency rate in January and the city's year-ago total, according to First American CoreLogic.
CoreLogic reported that 6.14 percent of Dallas homeowners were 90 or more days behind on their payments in January, up from 4.22 percent in January 2009.
Statewide, 5.65 percent of homeowners were behind, well below the 8.66 percent delinquency rate of homeowners nationwide.
That's never a good thing to hear. As a CDPE agent I am trained to help people realize what options they have other than foreclosure. I see far too many people walk away from their home and go into foreclosure instead of knowing what options they have. Short sales are one way to prevent a foreclosure but there are many other options available depending on the circumstances of the home owner. Short sale along with renting or a loan modification are just a few. If you get in trouble, please find a CDPE trained agent to help you.
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