t looks like Houston foreclosures are getting on the right direction. Lenders have posted 2,942 properties for May 3 auction, which is a significant drop of 28% less foreclosures than this month, Foreclosure Information & Listing Service reported. The properties hit by foreclosure are in Harris County. However, analysts aren’t so optimistic about these numbers. [...]
Houston home sales were down in March for the second month in a row, but the average home price is up again, reaching the highest price ever for this period of the year. The low sale transactions are due to the lack of the government’s first-time homebuyer tax credit incentive, Houston Association of Realtors stated. [...]
Five partnerships which conducted by Midway Cos. have filed for Chapter 11 bankruptcy protection. This happened on April 4, just 24 hours before the lender, a Houston-Area lender was scheduled to foreclose on their properties. The Midway partnership is the owner of 206 acres land located at the southeast corner of South Rice Avenue and [...]
The wave of foreclosures that pushed down home prices and forces thousands of people out of their homes may come to an end soon. Recents statistics might give some hope to those in distress and home sellers. Foreclosures fell 28% to 2,462 during the first quarter of 2011 compared with the same period last year, [...]
Foreclosures and repo auctions dipped in Houston and the rest of Harris County last month compared 2010. While the number of auctioned and repossessed properties decline, the number of troubled homeowners are still high. Analysts asserted that the decline in the number of foreclosed and repossessed houses and the rest of the county was mainly [...]
The number of foreclosures – residential and commercial foreclosures – repossessed by their lenders were down in Harris County, though more properties posted for foreclosure than earlier in the year. The Feb. 1 auction a total of 747 properties were foreclosed on, which is down from the 837 properties that were foreclosed on a month [...]
