Taylor County foreclosures are down slightly through the first six months of the year compared with 2010. The numbers in Taylor County say: 149 foreclosures through June, down from 168 through June of 2010, according to data released by the Taylor County Central Appraisal District. “I think it is probably having to do with a [...]
Houston home sales are up for the second time this year, with the average price reaching an all-time high. The median price also reached its highest level in two year, affected by the home purchase slowdown. Now the number reflect a real status of the market as the government incentive – first-time homebuyer credit – [...]
Harris County foreclosure postings dropped during the first seven months of 2011 when compared to the same period a year prior. This makes the drop to be present for only the second time in the last 11 years in a year-to-date postings in July. The report released by Foreclosure Information & Listing Service Inc. of [...]
According to RealtyTrac’s Midyear 2011 Foreclosure Market Report, Texas is one of the 10 states with high foreclosure activity in 2011. Overall, 1,170,402 U.S. properties entered the foreclosure process, which includes default notices, auction sale notices and bank repossessions, during the year’s first six months. This total is down 25% from the second half of [...]
Texas laws give homeowners and future homeowners a perspective in home ownership and home purchasing. A little-known Texas law and a foreclosure can help a man possess a $330,000 home without any sales procedure and for only $16. However, the neighbors had some questions, when the stranger moved into the house. “What paperwork is it [...]
Citigroup Inc. faces a lawsuit Friday by a Texas Army National Guard sergeant who claims the lender foreclosed on his home while he was preparing to be deployed to Iraq. Jorge Rodriguez said “the May 2, 2006 foreclosure of his Del Valle, Texas, home by the bank’s CitiMortgage unit violated a 2003 federal law designed [...]
The Trammell family (dad, Claymon Trammell; mom, Jeanneteea Williams; and daughter Michelle Trammell) have pleased guilty to conspiracy to commit wire fraud for their roles in a multi-million dollar mortgage fraud scheme. Claymon Trammell conspired with his wife in the 2003 to 2006 period to defraud mortgage lenders. They recruited and paid individuals to act [...]
Houston-area foreclosure sales aren’t listed as distressed properties in many cases. Houston Chronicle shows a case of a two-story tan brick home from Katy, which wasn’t a typical sale, as the home was in foreclosure, but the listing didn’t highlight this fact. The only clue was a note in the selling broker’s remarks that “the [...]
Houston lower-end property occupancy dropped in 2009 and 2010, so many properties ended up in foreclosure. The stats show an average of 10 class C properties have posted for foreclosure each month since 2009, according to data analyzed by Greystar, Holiday Fenoglio Fowler and Foreclosure Listing and Information Service. “There’s not a lot of new [...]
