Rick Saniga, senior vice president at RealtyTrac believes foreclosure postings will peak nationally in 2011 and remain at elevated levels at least until 2013. "If the lenders flooded the market with everything that’s in their books, it would have a decimating effect on some markets and the valued of the surrounding properties.It could cause a [...]
A new record might knock on the doors of Bexar County: a record year for foreclosure postings. With more than 14,400 properties posted for foreclosure during the first 8 months, Bexar County appears likely to surpass last year’s record. The 16,126 foreclosure postings last year were the highest number in at least two decades, according [...]
September means a high number of commercial foreclosure postings according to Foreclosure Listing Service Inc. From the 99 properties posted at the beginning of the month about 30% will be auctioned. If the property doesn’t get auctioned owners usually catch up on payments or work out a loan modification with the lender, sell the building [...]
San Antonio and its area sees an increased number of bank foreclosures. A tony five-bedroom house in the Dominion goes up for auction these days, as part of a sale of foreclosed properties that bank are looking to get rid of. But this is just one. Another available listing: 40 units in a Northwest Side [...]
Real estate experts say commercial foreclosures will continuously rise through 2011, as they have jumped 21% from the first three quarters of 2009. They say the lagging economy has put serious dent on occupancy, especially for small office buildings. September began with 99 properties posted for foreclosure. This is a serious rise from the 65 [...]
The American Home Mortgage Servicing, a Texas-based company has been accused of violating the Texas Debt Collection and Deceptive Trade Practices Acts. Attorney General, Greg Abbott says that AMHS used unlawful tactics to force homeowners to pay. There are strict laws regarding the fair mortgage practices and they were violated by the American Home Mortgage [...]
It looks like the banks had enough of waiting and being a nice guy, they decided to take he final step and foreclose the delinquent homeowners’ properties. We can say that based on the number of bank auctions planned for September. An as the bank more to foreclose these properties they’re using auction firms around [...]
As the economy gives recovery sign in Texas, San Antonio and Houston seem to have the priority for elite-status mortgages. Dwayne and Sarah recently closed on a loan for a four bedroom home. Their down payment: zero. "We qualified for a million dollar loan with no money down," though that’s not what they paid, said [...]
St. Anthony hotel avoided foreclosure auction. The historic hotel, a downtown landmark was that close to be foreclosed, but finally was not taken back by the lender at the monthly foreclosure auction, RexReport reveals. The elegant hotel, which has a total of 352 rooms went into receivership into February, but it continuously operated as normal, [...]
