Next year may well bring good news and things, but George Roddy Jr., a foreclosure analyst, bad things are also present. Roddy, the president of Addison-based Foreclosure Listing Service believes that although the number of properties scheduled for January auction in the area are down compared to this month’s figures, "this doesn’t mean the foreclosure [...]
When most of the country is underwater, Texas’ homeowners are still above water, the latest analysis by CoreLogic reveals. At the end of the July to September period, a total of the roughly 3.3 million mortgages were reported in Texas. Only 11.2% of those or more precisely 367,000 were reported as negative equity. This means [...]
The latest national report issued by RealtyTrac talks about 14% year-over-year decrease in foreclosure activity for November, which is the highest drop since the firm started publishing reports back in 2005. But we don’t have to forget the drop was registered while the foreclosure moratorium was on, so as lenders resume foreclosures there will be [...]
It looks like the New Year will start with fewer foreclosures, at least in Bexar County. This can be a good sign, but we don’t know if its going to make a trend. According to Foreclosure Listing service Bexar County foreclosure postings for the January auction dipped about 10% when compared with the same month [...]
Foreclosure related filings in most areas of the state including those associated with bank and HUD listings, posted another record year in 2010, but this doesn’t influence the economy of the state, which is strong enough to save its local housing industries from further depression. Bexar County recorded higher totals than the previous year, but [...]
Foreclosure and financial crisis aren’t delicate with ex-soldiers or simple people or even stars. When you ran into financial trouble, the foreclosure hell is knocking on your door. This is what Daniel, a 55 year-old former Marine sergeant who served in Vietnam is experiencing right now. He and his wife moved into their home fifteen [...]
Texas can be proud of having one of the lowest shadow inventory of unsold homes among major US cities, a new study reveals. But the addition of these houses to the market still significantly adds to the supply. There were more than 2 million homes in the shadow inventory in August, CoreLogis researchers say. This [...]
Texas is one of those states where the housing market is giving signs of recovery. However, the presence of foreclosures continuously threaten this fragile recovery. According to the latest reports the number of foreclosures are up and foreclosure sales are down. Maybe it’s because of the holidays, but still causes problems. RealtyTrac says the sales [...]
According to latest numbers revealed by RealtyTrac, the Irvine, California-based company, San Antonio foreclosures are a real bargain. So if you are a looking for a home in that area look at the prices and chose your home. As of the third quarter of 2010, the average price of a foreclosed home in Texas stood [...]
Foreclosures are narrowing the sky above many Texans. And it doesn’t matter if you did something for your country, if you fell behind your mortgage payments, you’re gone. Nobody will help you, especially you cannot expect any help from the government, although they promised to help distressed elders. The case of Danny Stone shows how [...]
