Although at national level foreclosures account around 26% of all sales, in Texas they still represent just half of it. Over the year of 2010, nearly 13% of all home sales were for foreclosure homes, according to RealtyTrac’s recent year-end report. A total of 37,316 foreclosure homes were sold in the state of Texas, down [...]
The recently formed State of Texas Real Estate Fund LP announced plans these days to raise $150 million for the purpose of acquiring distressed office and industrial properties as well as land in Texas. As said in a statement issued last week the fund is already gauging the interests on investors from around the globe- [...]
RealtyTrac published its latest report which includes the Texas housing market. Statewide there were a total of 14,987 foreclosure filings in January, up 22% from the same month in 2010. According to RealtyTrac, the average Texas foreclosure – which includes default notices, scheduled auctions and bank repos – was valued at $190,000. The total increased [...]
One person’s dire situation is another person’s opportunity, George Roddy Sr., president of Addison-based Foreclosure Listing Service commented the latest report published by the FLS. The numbers speak for themselves: a total of 1,431 foreclosure notices were filed in the Bexar County Courthouse for the March auction. This number is up from the 1,378 postings [...]
Skywater received a Notice of Sale in from attorney Jon D. Lowe, from the law firm Martin and Drought, PC, San Antonio. The law firm represents the International Bank of Commerce San Antonio, who is trying to auction off the real estate known as Skywater Over Horseshoe Bay. Skywater is currently owned by SW Ownership [...]
A Colleyville, Texas mall developer filed for bankruptcy protection after it lost control of millions of dollars worth property. When filing for bankruptcy Rland Properties cited assets between $10 million and $93 million, along with liabilities between $5 million and $27 million. This comes after BBVA Compass Bank foreclosed on Rland’s shopping center in Forth [...]
Sales of existing homes including repossessed homes dropped in most areas of Texas in 2010. The Texas Association of Realtors stated the decline in sales suggest that the region is not insulated from the national economic downturn that affected the country’s housing market during 2010. The number of houses, including Corpus Christi bank owned properties [...]
Gonzales County’s Lynn Theatre has now a new owner, which purchased the real estate during a foreclosure sale that took place on Tuesday. Gonzales Economic Development Corporation purchased the property, but the Board President Connie Kacir said the next step is for the property to be put on the market for sale- If the property [...]
Residential foreclosures scheduled for auction in February 2011 have increased in Texas, when compared with the same month of a year prior. According to housing market data, foreclosure postings are up 14% in February compared with year-ago levels. This is the result of job losses. George Roddy Sr., president of Addison, Texas-based Foreclosure Listing Service [...]
