The foreclosure crisis seems like ending according to new the data, but with the continued weakness in the economy and the recent deterioration of the housing market, the result might be a temporary one. This is the first time since 2006 when the number of foreclosures fell, according to the Mortgage Bankers Association. Some other [...]
Higgenbotham Auctioneers International has recently announced that a Texas lender asked them to liquidate a portfolio of a banks owned assets in Texas. This portfolio includes a great variety of properties from single family homes, condos and ranches to waterfront properties and commercial buildings. "Unlike many recent lender ordered auctions, this one is truly different. [...]
Angel Bernal Bell and Maria Sonia Bernal appealed the court in order to deny their application for a temporary injunction. Their appeal was rejected. The Bernals bought the property with a down payment of $190,000 in cash and they executed a note to Kingston Mortgage in the amount of $64,185, secured by a deed of [...]
Home foreclosure postings are up 37% in Bexar County. Mortgage lenders intend to foreclose 1,546 properties next month. The properties that received foreclosure notice aren’t the ones in the last few transactions. The housing crisis made these people more cautious along with the lenders so they won’t face foreclosure. That wasn’t always the case. A [...]
Bexar County auction list had a very popular name on it: the historic St. Anthony Hotel. The hotel was built in 1909, and it’s located in the heart of the city on Travis Street and it has seen good times and bad times. But on Tuesday morning, its future was put up for bids. This [...]
The Microtel Inn & Suites in Texas Township is still incomplete after 24 months of construction, moreover, it is expected to enter into foreclosure in September. Ted Gruizenga, the never opened hotel’s assessor said First Citizens Branch bank Holdings LLC owns the inn at 5587 S. Ninth St. When the hotel goes into foreclosure and [...]
There are millions of dollars in assistance to buy foreclosed home in North Texas and they are about to expire with most of it unused, according to Enterprise Community Partners, Inc. About 120 families can purchase foreclosures in 13 towns, with the affordable housing non-profit’s secured $6 million, but only 24 have pre-qualified. The money [...]
With short sales becoming ever more popular as an alternative to foreclosures, an alarming trend dampens the irrefutable success the process offers all parties. Of course the short sale process requires the approval of the lender. Large portion of the short sales have been severely hampered by lenders failing to respond timely to the short [...]
With the Eureka Short Sale Program the homeowner’s details are withheld from the market while the conditions of the settlements are being negotiated. Subsequently the property will never be marketed as distressed sale; it will be presented to the market based on its features, not on the vulnerabilities of the parties involved. So the Eureka [...]
While Eureka is able to negotiate an agreement with the timely approval of the lender then simultaneously utilize its immense marketing capabilities to off load the property is a tremendous value to a homeowners flailing in financial uncertainty. Since the property is not marketed as short sale it gives an instant boost in marketability. Real [...]
