Sales of single family homes have skyrocketed here in Houston. The Houston association of realtors says sales are up 32 percent this October compared to the…
There was an increase in foreclosure activity in January. This may be a sign that more delinquent homes may be going on the market in the coming months.  There was a 3% increase in the number of homes hit with a notice of default, auction sale, bank repossession or some other foreclosure filing in January […]
According to CNNMoney, home prices are being devastated by a three-year inventory of homes in foreclosure for sale. In many cities homes are discounted an average of 35%. In Nevada, for example, 53% of all the homes sold are in some stage of foreclosure, according to a report from RealtyTrac, the online marketer of foreclosed […]
Home prices continued to plummet during the first three months of 2011.  They have fallen 4.6% from 2010 prices.   The National Association of Realtors (NAR) reports the U.S. median price dropped to $158,700 for a single-family house. Condo owners took an even bigger hit  — 10.4% to $152,900. Read More:
As foreclosures continue to climb amid a sluggish economic recovery, homeowners, desperate and facing the loss of their homes, are getting solicitations from businesses offering services that are free elsewhere – and also are vulnerable to outright scams promising loan modifications or rescues from foreclosure. Â Read More:
The foreclosure crisis has hit blacks harder than any other group in America and it will be tough for them to regain their footing in the housing market. Blacks’ homeownership rate has plummeted nearly 6 percent to 46.2 percent since its peak in 2004. That’s more than twice that of any other racial or ethnic […]
After Bank of America announced Friday that it was halting home foreclosures across the country, local companies were forced to take action. Litton Loan Servicing, a mortgage company based in Houston, stopped some foreclosures so it could review its documents. Another local company, Stewart Title, halted the sales of foreclosed homes. “The victim, of course, […]
Today was the first Tuesday of the month, and foreclosure auctions typically scheduled for that day in Texas went on as usual in Harris County and elsewhere, a day after the state attorney general asked that foreclosure procedures stop for review of documentation processes. Â Read More:
Bank of America, the nation’s largest bank, on Friday became the latest lender to put foreclosures on hold in 23 states because of concerns that court documents it submitted were improperly prepared. Texas is not one of the states. Read More:
