Now that elections are over it will require new seats are filled in the Senate, Democrat people are waiting with baited breath, wondering what will happen now. The problem the nation is facing concerning foreclosures is making it one of house questions in the Senate and the White House. There have been some constructive steps towards helping Americans keep their homes by putting forth the “Affordability and Stability Plan.” The problem is that this program does not help the unemployed or the under employed.
There are foreclosures happening in the thousands every month all across the world and it appears that Texas is one of the many hardest hit states thus far. Seeing that new people are seated in the Senate many foreclosure questions are being sent their way and the public is expecting arguments. The Attorney General of Texas tripped an alarm that reached across the media. Now that all the Attorney Generals in all of the states took on the “call to arms” and enlisted a team to investigate the banking practices concerning foreclosure many people are waiting with hopeful hearts. This will be a 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 ability to foreclose on your residence with just a twenty-one day notice if you default in a loan payment. The foreclosure question here is the reason such a shorter time? Why not give a family time to recuperate and save their apartment? This is one of stuff the Attorney General’s investigating team will be look into along with fraudulent banking routines. The fact that many homes were foreclosed upon without verifying the facts is another foreclosure question that the team will be analysing very seriously.
Finally, foreclosure attorneys are trying to respond to many foreclosure cases for clients the actual new Obama Plan but are getting stalled by legal court system. This is very frustrating to those homeowners who need to save their homes from foreclosure. That is why homeowners are asking the foreclosure question, why put forth a bailout if it’s not easy to invest in? The foreclosure lawyers are working very hard to help save house from foreclosure. The greattest thing a homeowner can do is use a foreclosure lawyer to save you their home at the very least until some in the major foreclosure questions have been cleared.