The quiet neighborhood, where residents say homeownership is as much a dead end as the cul-de-sacs at each end of the street, is at the heart of the subprime-mortgage crisis.More than half of the 56 homes on Ronay Drive have been posted for foreclosure at least once since August 2005, and eight are scheduled for foreclosure in July. Nine others are now for sale.
From the Fort Worth Star Telegram, 6/15/2008
In this Forest Hill neighborhood, CasAlegria Finance out of Houston has enticed neighbors with the promise of homeownership, only to become part of the foreclosure crisis. This company is now under state investigation for their business practices. However, that doesn’t help the residents of this neighborhood keep their homes.
There are options for many people. Bankruptcy stops foreclosure. Talk with a bankruptcy attorney today about your financial situation. You don’t have to lose your home.
