The real estate industry finally seems to be in a positive state of recovery. This could be attributed in part by the actions our government took to help bolster the economy, as well as from the slow but steady increase in the spending power of most Americans. This is a big improvement compared to the [...]
There has been an increase in the amount of home buyers this year in San Antonio, but they aren’t paying higher prices. In May of this year, existing home sales rose by over 19 percent compared to last year, totaling 1,928 sales. However, the average selling price of an existing home in San Antonio dropped [...]
Mortgage-fraud schemes are becoming more and more prevalent across the country, and some homeowners may already be victims and may not find out until it’s too late. Recently there has been a plethora of mortgage-fraud scams running all across San Antonio, and many homeowners are falling victim to them. The Federal Bureau of Investigation has [...]
The number of foreclosed properties listed for auction in Bexar County has started to climb. This happens after a couple months of steady declines, although a slightly longer filing period this month might have contributed to the 1,520 sales that are listed for the July 6 auction. This marks an increase of almost 34 percent [...]
The recession that began nearly three years ago in 2007 is still having an effect on certain areas of the country. Though the number of foreclosures nationwide does not appear to be increasing, the numbers are still very high. People receiving notices that they are about to be in foreclosure has decreased as well. Some [...]
In a press release, the United States Acting Attorney for the Western District of Texas, John E. Murphy stated that Rosario Divins had been sentenced to twenty-nine years and one month in federal prison for defrauding numerous people. She had claimed to be a foreclosure prevention specialist, when that was not the case at all. [...]
The San Antonio real estate market has been thriving so far in 2010. The federal tax credit rebate for first time home buyers is contributing a lot to the current conditions. Texas did not experience the huge increases in values that were seen around some parts of the country, so they were saved from experiencing [...]
The number of residential properties in San Antonio, Texas that went into foreclosure during 2009 reached 16000. This was a giant increase of over 42 percent, as compared to the total amount of foreclosure listings the previous year. According to court record books in Bexar County, the amount of foreclosures also reached the highest level [...]
Texas currently ranks 24th in the country for the number of home foreclosures. Despite these foreclosure issues, the housing downturn has not been as severe as in other parts of the country. In fact, the housing market remains relatively healthy. Their housing market remains more resilient because of stable real estate prices and the their [...]
