As we reported in our previous articles Texas hit the top ten in foreclosure postings. Among these Bexar County this year had record foreclosure postings with banks moving to take back nearly 17,000 properties. Thanks to the strong local economy, the foreclosure distress hasn’t spread into the market for new or resale homes. The San [...]
According to a new report issued by RealtyTrac the foreclosure crisis signs are slightly weakening in Texas. The latest news talk about the month of October saying that the number of foreclosures declined 9% from September and the number of bank repossessions decreased from record high of 102,134 registered in September to 93,236 registered in [...]
It looks like financial troubles don’t make exceptions for hospitals. A small hospital in Bastrop shut its doors these days abruptly after facing financial troubles for several years. Lakeside Hospital, licensed for 15 beds was recently acquired by Blackhawk Healthcare, owner of other community hospitals in an effort to keep it open. The four year [...]
Julian Mendelez and her wife were about to lose their home in foreclosure although they are current on their mortgage and property tax payments. The problem was they fell behind on dues owned to the homeowner association – a managing board composed of neighbors that collects a monthly $100 assessment fee to secure amenities. The [...]
Although reports show a slight increase on home sales, San Antonio’s housing market continues to hold the line when it comes to value. The latest Texas Quarterly Housing Report talks about a slight 8.48% increase of the average price of a home in the Alamo City. The average price of a home in the city [...]
The sales slump isn’t particular to San Antonio only. Home sales in Austin declined 24.05% between third quarter 2009 and 2010. In Dallas Sales were down 25.58% over the same period. Forth Worth and Houston registered sales drop by 22.02% and 20.54%, respectively. Taking a look at the Texas housing market we can see a [...]
There are some pretty interesting foreclosure cases out there. For instance there is the controversial story of Capt. Michael Claurer and his family, whose home was foreclosed by the Heritage Lakes Homeowners Association, because they fell behind with their HOA dues. This case began to be more complicated when the Heritage Homeowners Association had checked [...]
The latest RealtyTrac report shows a total of 34,187 foreclosure filings on Texas properties. This includes default notices, scheduled auctions and bank repossessions during the third quarter and represents a 4 percent increase from the previous quarter and 15 percent up from the third quarter of 2009. Texas reported 12,769 foreclosure filings just for September [...]
2010 brought in the commercial segment lots of foreclosure filings. During the first 10 months of the year foreclosure postings jumped 39% with miscellaneous commercial buildings, industrial buildings and lands. Foreclosure Listing Service Inc. released its latest report and the umber aren’t positive. Commercial foreclosures are up to their highest point in nearly two decades. [...]
Roque De Leon experienced a very strange path to the foreclosure process. He claims that his original mortgage secured in 2003 multiplied tenfold when JPMorgan Chase purchased the mortgage from Washington Mutual two years ago and somehow tacked a zero on the end of his account balance. "Chase started rejecting my $350/month payments and demanded [...]
