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Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Foreclosures & Investments

The most recently published posts in the Foreclosures & Investments category
A study by the Center for Responsible Lending found that blacks and Hispanics were offered risky loan terms three times more than whites. More specifically, researchers found that blacks and Hispanics with credit scores of 660 or higher were offered subprime and option adjustable-rate mortgages dramatically more than similar white borrowers between 2004 and 2008. Furthermore, about 25 percent of ...
Read Post [Posted on 11/19/2014 By John Askins]
here is a recent investment home I bought. we are doing the rehab work now and will complete in a few weeks. Gives you insight to some of the things we do at McKinney Real Estate & Investment Co. We will market the home to a buyer
Read Post [Posted on 11/17/2014 By Daniel McKinney]
Short sale and foreclosure transactions can be fraught with potential legal problems for real estate professionals. And as the number of these transactions continues to skyrocket, agents need to be careful, says Stella Ling, managing senior counsel of the California Association of REALTORS®. Short sales success rate is only about 50 percent, Ling said, so "the best thing to do is to prescree...
Read Post [Posted on 11/16/2014 By John Askins]
The Blackstone Group has been the largest investor in the U.S. of single-family rental homes, having purchased more than 6,500 foreclosed homes in eight metro areas. Investors have been taking advantage of lower home prices over the last few years by snapping up foreclosed properties at big discounts and turning them into rentals. That could equate to about 40,000 to 80,000 properties, according t...
Read Post [Posted on 11/16/2014 By John Askins]
Maryland counties are among those offering the highest returns on home flipping over the last year, according to a new analysis by RealtyTrac. The company analyzed 1,050 counties nationwide to find areas with some of the largest returns on investment, availability of inventory to flip, and low unemployment rates.  Flipping was down in the first quarter of 2014 compared to a year ag...
Read Post [Posted on 11/15/2014 By John Askins]
The American middle class is a shrinking group: About 51 percent of the population was classified as middle class at the start of this decade, a drop from 61 percent 40 years earlier. Income inequality is widening nationwide, with the gap between the wealthy and the poor varying across the nation, the USA Today has reported.  24/7 Wall St. used the Census Bureau’s American Communit...
Read Post [Posted on 11/14/2014 By John Askins]
Home owners who went through a foreclosure could get up to $125,000 if their mortgage servicer made mistakes. So why are so few asking for an independent foreclosure review?There’s a big payout waiting for some of the 4.3 million home owners (and former home owners) whose mortgage servicers made mistakes during the foreclosure process or during a mortgage loan workout.Thanks to a settlem...
Read Post [Posted on 11/12/2014 By Garrett McWhorter]
The question is all wrong.  You would really rather have both profits and professionalism because professionalism consists of three key parts; Methods, Character and Standards. You may make short term profits, but without consistent methods, upright character and long standing standards, they will not continue for long.  In Real Estate, aligning yourself with a professional Realtor is yo...
Read Post [Posted on 11/11/2014 By Natalie Grimley]
Zombie foreclosures — homes in the foreclosure process that are vacant — are lessening their trail of destruction on housing markets. They made up about 18 percent of all active foreclosures, or 117,298 nationwide, in the third quarter, according to RealtyTrac's Third Quarter 2014 Zombie Foreclosure Report. That's down from 23 percent, or 152,033, a year ago.With zombie foreclosures, the...
Read Post [Posted on 11/10/2014 By John Askins]
Distressed sales are making up a shrinking share of sales nationwide, but the average discount on them continues to be “substantial,” says Daren Blomquist, vice president of RealtyTrac.The median sales price of distressed residential properties, whether foreclosured or bank-owned, was $130,000 in September — 37 percent below the median nondistressed sales price of $205,000, according to RealtyTrac...
Read Post [Posted on 11/08/2014 By John Askins]
With a real estate market filled with complex deals, legal disputes from real estate transactions are on the rise. Legal snags from short sales, foreclosures, and disclosures are prompting more real estate deals to end up in court. Legal disputes stemming from short sales, in particular, have increased, from how banks handle defaults to disclosures and contract performance sections of the sal...
Read Post [Posted on 11/07/2014 By John Askins]
Credit scores from online mortgage shoppers have risen since 2011, averaging 734, according to a study by MortgageMarvel.com, which analyzed nearly half a million online mortgage applicants. Some states are averaging even higher credit scores, particularly among those states known for having high household earnings. The following are the states with the highest median credit scores among mortgag...
Read Post [Posted on 11/07/2014 By John Askins]
A recent court decision in Nevada has put mortgage lenders and housing associations at odds over the sale of foreclosures in a case that could have implications nationwide, The Wall Street Journal reports. The tension stems from homeowner associations who put liens on properties when home owners stop paying their HOA dues. Homeowner associations, similar to lenders, can foreclose on hom...
Read Post [Posted on 11/06/2014 By John Askins]
Just listed - Spacious property in Houston, 77040.  Copy the link below to view the video. http://youtu.be/wntsXuFicP0
Read Post [Posted on 11/05/2014 By Susan Roddy]
I know at times life throws you a curve ball and either we hit it or not. Like my mom states, "Roll with the punch or get knocked out". Your home is one of your biggest investments you will ever make. If you have experienced a transition in your life that has now resulted in a change in income and now has caused your mortgage to fall behind, take a deep breath. Let's explore your options, the...
Read Post [Posted on 11/05/2014 By LaWanda Lendsey]
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