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Distressed Properties
- Foreclosure activity declines across Texas
The housing market in Texas has outperformed national averages in recent years, and continued to do so in the third quarter.October 11th, 2012 10:43am - New foreclosure regulations to keep Houston homeowners informed
New mortgage standards for major lenders are due to take effect starting January 2012, Marketwatch reports.October 17th, 2011 10:15am - Harris County preparing to file suit against major lenders
The major settlement between major banks and many of the state attorneys general may not absolve banks of all liability over problems with the mortgage process.October 13th, 2011 9:40am - Residential vacancies, homeownership both down during second quarter
According to a recent report from the U.S. Census Bureau, the rates for both residential vacancies, including rentals and houses, and homeownership declined during the second quarter.August 1st, 2011 4:05am - Price-reduced homes remain widespread nationwide
A report from California-based ZipRealty finds homesellers in many parts of the country continue to cut their asking prices, providing affordable options for those looking to buy Houston homes.April 27th, 2011 11:00am - Research finds lower homebuyer activity, increased distress
Distressed properties make up nearly half of the housing availability in the U.S., according to research from Campbell's HousingPulse tracking survey.April 27th, 2011 2:52am - House bill would give short sale deadline
A bipartisan bill introduced in the U.S. House this week would work to speed up the short sale process and keep many of those properties from going into foreclosure.April 15th, 2011 7:11am - Foreclosures drop to lowest level since 2008
A report released by RealtyTrac Thursday found that foreclosure activity during the first quarter of the year dropped to its lowest level in three years.April 14th, 2011 12:39pm - Some foreclosure buyers could get closing cost assistance
Potential homebuyers looking to purchase Houston foreclosures may be able to get some help paying for their closing costs under a revamped program from Fannie Mae.April 12th, 2011 9:51am - Year-over-year home prices decline for seventh straight month
According to CoreLogic's Home Price Index, the year-over-year value in February for the market showed decline - the seventh straight month for this trend.April 8th, 2011 7:13am - Shadow inventory drops slightly
The national backlog of distressed properties that have not yet reached the market - dubbed the shadow inventory - dropped slightly in January, as the pace of foreclosure sales has continued to be strong.March 31st, 2011 9:21am - "Vultures" boosting housing market
With the widespread foreclosures found in many areas, Bloomberg reports a number of investors - dubbed vultures by some - have swooped in to purchase large numbers of foreclosed properties, rehab them and then put them back on the market for buyers or renMarch 29th, 2011 10:48am - Banks becoming more open to fixing up foreclosures
The Chicago Tribune says, in the past, most banks have been unwilling to spend money to spruce up their foreclosed properties. But with so many distressed properties available, some may be changing their tune.March 15th, 2011 9:52am - Foreclosures slide across U.S.
While the controversy over foreclosures continues across much of the country, data from RealtyTrac showed a significant decline in activity last month.March 11th, 2011 8:35am - Survey finds problems linger with short sales
With a large number of distressed Houston properties on the market, a number of potential buyers may be looking at local short sales. However, a recent survey says those looking at short sales should be prepared to be patient.March 9th, 2011 10:35am - Texas foreclosure sale rates below the 2010 national average
The Texas real estate climate continues to be better than the national market, as the sales of Houston foreclosures continue to be lower than average.February 24th, 2011 11:44am - Experts say drug ring bust could make almost a dozen Houston properties available
A large-scale bust of 15 suspected members of a nationwide drug smuggling operation may result in 11 Houston real estate parcels going on the market if their forfeiture is approved.February 18th, 2011 7:33am - New fund to target distressed properties in Houston, Austin, San Antonio and Dallas
Houston property that had been struggling to find a buyer may receive some interest from a new venture recently launched by a pair of longtime industry professionals.February 17th, 2011 3:19pm - Houston foreclosures increase sharply in 2010
Although the Houston real estate market largely avoided the waves of foreclosures across the country in recent years, a report from RealtyTrac shows that it hasn't been able to escape them completely.January 28th, 2011 11:59am - Foreclosure sales pick up
The sales of distressed properties picked up significantly in December, as more first-time homebuyers entered the market during the month.January 26th, 2011 10:59am - Foreclosure inventories rise again
The impact of foreclosures should continue to be felt in real estate markets across the country in the coming months, as the number of distressed properties has risen.December 29th, 2010 7:29am - Foreclosures plummet due to lender freezes
As many banks across the country halted their foreclosure processes this fall, the number of foreclosures dropped dramatically nationwide, according to a report from RealtyTrac.December 20th, 2010 12:23pm - Negative equity rises slightly in Houston
The latest data from CoreLogic shows a slight increase in the number of Houston homes that have "underwater" loans, which may lead to more foreclosures and make it harder for those homeowners to refinance.December 14th, 2010 9:39am - Houston foreclosures skyrocket in third quarter
Almost 12 percent of residential properties sold in Texas in the third quarter of this year were in some stage of foreclosure, according to a recent report from RealtyTrac.December 2nd, 2010 11:11am - Stream of Texas foreclosures to continue in coming months
A number of new Houston foreclosures may enter the market in the coming months, adding to the properties already on the market. But as time moves forward the number of new REO properties should fall, according to the mortgage firm Lender Processing ServicNovember 30th, 2010 7:36am
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