This article examines the process of modifying or refinancing a Texas home equity loan. The short answer is: if you're behind on your home equity loan, there are very specific ways to legally modify that loan. It's not "illegal" or "prohibited," as the big lenders are now telling their desperate borrowers. But it is very difficult for borrowers already in arrears. Borrowers who are substantially behind on a Texas home equity need to be prepared for foreclosure. Read More...

Tags: wells fargo,home equity,loan modifications,texas constitution,homestead protection, wells fargo,emc,jpmorgan,chase,citibank

The Texas Constitution forbids certain lending practices as regards home equity loans and modifications to those loans. If I'm right that many major lenders have been issuing illegal loan modifications of Texas home equity loans for years, and in some instances then trying to conceal that by misrepresenting to borrowers that foreclosure is imminent, the potential liability of these lenders is staggering. A penalty for such misdeeds under the Texas Constitution is FORFEITURE of the loan by the lender. Read More...

Tags: wells fargo,emc,jpmorgan,chase,citibank