AustinRealEstate's Blog

In an effort to help curb the foreclosure crisis across the country several mortgage companies have partnered with a new task force in Texas to give consumers the information that they need to prevent foreclosure.

The aim of this new partnership is to show consumers that foreclosure can be prevented when the proper steps are taken. This has prompted several mortgage companies from around the country to join the push for consumer information. Texas is one of the first stops on the nationwide tour.

The Texas Foreclosure Prevention Task Force is kick starting the event with national press coverage and is urging everyone who is currently in foreclosure or close to it to attend the event. This event is going to give the consumers the chance to meet with representatives from many mortgage companies and allow them to work out positive solutions to the foreclosure crisis.

The task force has stated that double digit increases in foreclosure filings have taken place since last year. They believe that Texas is in a state of crisis on the foreclosure front and they hope to streamline a campaign that will help them get past the barriers that are keeping consumers from foreclosure. The task force hopes that the information and contacts that they are providing will be the push that is needed to ease the burden on both consumers and mortgage companies.

This will go hand in hand with the HOPE hotline which is a free service to help consumers gain access to services relating to foreclosure and financial counseling.

Further Reading Sources: http://www.dallasnews.com/sharedcontent/dws/bus/storie
s/053008dnbusmortgagebrf.3790cf7.html
http://cbs11tv.com/local/foreclosure.Texas.Foreclosure
.2.679128.html

I hope you enjoyed a bit of news on the positive side!

Joe Cline
Austin Texas Remax Broker
Downtown Austin Lofts | Rough Hollow Homes for Sale