The uncertainty over the economy kept buyers away in September. Single family homes fell 18.6% compared with September 2009, making that month the third straight one with double-digit decline, according to the latest data released by the Houston Association of Realtors. The Houston area housing was in slow gear since the federal homebuyer tax credit [...]
Wether through sloppiness, misunderstandings or alleged acts of incompetence, some mortgage lenders have left struggling homeowners in the Houston area feeling they were tricked into foreclosure. This is what happened to Ray Coleman Jr.. "I felt like they were really being extremely shady," he said. His house, valued at around $100,000 "is a wonderful place [...]
The "Prompt Decision for Qualification on Short Sales Act of 2010" ore HR 6133 is a legislation aimed at shortening the short sale process. Short sales are often homeowner’s last-ditch effort to avoid foreclosure, a process showing very vivid signs: short sales are on the rise. Unfortunately, till now they’ve been taking too much time.This [...]
Lisa Miller and Linda Costanzo are two Houston homeowners who fell behind on their mortgage payments. They had serious troubles in keeping their homes. Lisa Miller lost her job 18 months ago, while Linda Costanzo had trouble in keeping up her mortgage payments after her divorce. Today they are caught in the confusion of home [...]
As the foreclosure moratorium takes more and more time title companies are making it harder to write policies for those properties. Houston-based Stewart Title is setting new rules for sales of some foreclosed homes. The company is issuing guidelines to its agents making it difficult to write policies on property foreclosed upon by the nation’s [...]
According to a statement made on Friday, Bank of America, the nation’s largest sender will suspend foreclosure sales across the country. This could confound some Texans at risk of losing their homes and put further pressure on the already struggling housing market. Bank of America ranks second in the state, behind Wells Fargo with a [...]
Northeast Houston was just like a sunshine in the Houston housing market in August, according to MLS (Multiple Listing Service) Market Update released by the HAR (Houston Association of Realtors). Single family home sales were up in both Kingwood (HAR Area 32) and Montgomery County Southeast (HAR Area 40). The Kingwood area recorded 106 single [...]
