Last week meant a series of Texan auctions held by REDC in Dallas, Houston and San Antonio. According to the REDC announce there were auctioned a total of 321 foreclosed properties. "We’re please with the results from the auctions. First-time homeowners and investors walked away with some incredible bargains. The auction was a big boost [...]
A recent story about the manner in which the Bank of America treated one of its borrowers grabbed headlines. The borrower in question, Alin Negrila, a San Antonio citizen was put on a forbearance plan after he became unable to maintain the mortgage payments for this house he bought just before the economic crisis. This [...]
It looks like the housing crisis is continuing; the number of houses going to foreclosure is increasing. But that’s not all. Many of these foreclosures have a so-called upside-down or underwater mortgage. This is not a good situation. It means the homeowner owes more than the property or house is now worth. The first months [...]
Jeff Frieden, the CEO of REDC stated that 2010 is the “year of the foreclosure”. He is referring to the three to seven million foreclosures that have taken place this year. This number, which is double from where it was in 2009, is increasing at an unprecedented rate. “There will be great deals at these [...]
According to the San Antonio Board of Realtors the sales of house are up for the first half of the present year. The board also reports that there was smaller number of sales preceding month in comparison with the month of June previous year. The amount of possessions planned for sale at the foreclosure public [...]
The auction of homes is a quite common happening now. Such a recognizable scene was carried out on a Tuesday on the steps of the Bexar County Courthouse. On that occasion hundreds of houses were sold to the highest bidder. On the list of the auctioneers, nearly 1,353 possessions, foreclosed due to the non-payment of [...]
Bexar County does not seem to have the good influence from the Texas metropolis’s ranking amongst the top ten expected fast recovering states this year. Unlike San Antonio, Bexar County faced major thrash from recession. The loss of jobs in the county lead the borrowers stretch their hands away from lending credit, as they know [...]
San Antonio has been able to make a place amongst those five states in the US where probability of anticipated recovery from the impact of property foreclosure are quite healthier. In the list revealed by RelocateAmerica.com, the Texas metropolis is one of the top ten cities in the US having high chances of recovery within [...]
In San Antonio, a federal grand jury brought charges against 22 people for conspiring to defraud mortgage lenders out of 50 million dollars. Those indicted include a lawyer from Texas, a former Bexar County sheriff’s deputy, a real estate agent from San Antonio, and various mortgage processors and escrow and title officers. The case was [...]
This week seen the arrival of four top executives from Cushman and Wakefield, one of the world’s biggest real estate firms. They came to San Antonio so they could meet with the top staff at Cross and Company, a real estate firm local to the San Antonio area. Many see this as a sign that [...]
