For the second month in a row, the number of foreclosed properties listed in Harris County has dropped. Unfortunately, recent developments in the offshore oil drilling industry may cause a reverse in this trend. A report from Foreclosure Information & Listing Service, a Woodlands-based company that tracks foreclosure listings, stated that the offshore drilling moratorium [...]
Federal agents recently carried out Operating Stolen Dreams across the country, resulting in more than 1,200 people being charged with various crimes related to mortgage fraud. A number of those arrests occurred in Houston. The nationwide toll in this case amounts to over 2.3 billion dollars in fraud. White-collar crime experts said the size and [...]
According to real estate experts, the increasing number of home foreclosures is fueling the burgeoning real estate auction market in Houston. Home liquidating giant, REDC reports that they have had a record amount of home auctions in the last two month, 125 in total. Their clients use these home auctions as a way to unload [...]
Homes in the Houston, Texas area have dropped in price more than any of the other large Texas markets in the first quarter of 2010. According to the National Association of Realtors, the median price for an existing single-family home dropped by 6.7 percent in Houston, compared with about 1 percent in both San Antonio [...]
