It's a troubling sign for the housing recovery. For the first time in two years foreclosures are up. Listing service RealtyTrac says foreclosure proceedings rose 16 percent in the past year with nearly 110,000 homes receiving notice last month.
If you're having a hard time paying your mortgage there is help for you at a downtown event that runs through Monday, and best of all it's free.
When it comes to the economy, Houston is usually seen as getting it right, but you wouldn't have known it inside the George R. Brown Convention Center on Thursday.
"I thought I need help, or I have to go back to work at age 67, and I don't think I can get anything," said Jana Cosper.
Cosper retired earlier than planned without having paid off the medical and funeral bills of late family members.
She and others lined up early outside the GRB, each with a frustrating story to tell about the mortgage crisis.
"I went through a divorce, and then from there bills came. It was kind of like playing catch up," said Paul Rogers, another homeowner.
Rogers is at his third "Save The Dream" event, a last ditch effort to keep his home after other modification plans failed.
"Every time I get to the end it's, 'Start over because we lost this or we lost that piece of paperwork,'" said Rogers.
The event is sponsored by the Neighborhood Assistance Corporation of America or NACA. It puts at risk homeowners in touch with lenders who've agreed to modify mortgages on the spot.
"Today we had people saving $500 to $1,000 a month off mortgage payments. That's very powerful when you're able to help someone like that," said Darren Duarte, NACA Director of Communications & Public Affairs.
Duarte says more than half the people who seek help are able to walk away with same day solutions.
As Rogers meets with a Bank of America associate, he crosses his fingers that he'll be one of them.
"We've discussed it, talked about it, so now it's like waiting to see it on paper because until it's on paper it's just an idea," said Rogers.
Within minutes cheers can be heard across the room. Roger's monthly payment will be several hundred dollars less. His interest rate falls to just two percent.
"It took three trips for me, but it got done so hold the faith, and it'll be alright," he tells the crowd by late afternoon.
It's comfort for those still waiting to hear their fate, unsure if they'll qualify for relief, too.
"I certainly hope so because I'd like to get out of debt and hold onto my home," said Cosper.
The event runs through Monday from 8AM-8PM at the GRB's Exhibit Hall E.
Visit www.NACA.com to find out what to bring with you.