Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
Post by Category
 

Foreclosures & Investments

The most recently published posts in the Foreclosures & Investments category
A new sign that the foreclosure crisis may largely be in the rearview mirror, new filings in the third quarter of this year were down 16 percent from a year ago — bringing overall foreclosure activity down to its level before the housing crisis, according to RealtyTrac's Foreclosure Market Report. What's more, default notices, scheduled auctions, and bank repossessions in September dropp...
Read Post [Posted on 10/30/2014 By John Askins]
Detroit is aiming to further eliminate neighborhood blight and recover lost revenue from home owners who are delinquent on their mortgages. Wayne County is taking on an unprecedented effort to take possession of every property that is three or more years behind in taxes. The county has notified 80,000 property owners that they are on the verge of losing their homes to foreclosure due to ...
Read Post [Posted on 10/29/2014 By John Askins]
Real Estate Investment OptionsThere are all kinds of avenues available to those that are considering real estate as a likely method of investing in the future. And why on earth shouldn't you? This is one way that millionaires around the world will agree to build a massive fortune quickly. At the same time, real estate can be a very risky venture for business so you need to have a few more stable m...
Read Post [Posted on 10/28/2014 By Michael Spacek]
Did you know that you can buy a home for $1? That's right.  $1  In Buffalo, NY, there is a movement called the Urban Homestead Program.  Due to jobs lost from the shut down of several factories over the last decade or so in Buffalo, more than 4500 homes and 16,000 lots have been left vacant.  Many of these homes have been vandalized or burned by local teens, gangs and squatters...
Read Post [Posted on 10/28/2014 By Teresa Sartin]
How long does a bankruptcy stay on my credit? A chapter 7 filing remains on your credit report for 10 years. Chapter 13 remains for 7 years.
Read Post [Posted on 10/27/2014 By Angela Angell]
Borrowers with minor imperfections on their credit applications — like a brief loss of employment or a temporary dip in their credit score — are starting to have better luck at snagging a loan with smaller lenders, Bloomberg reports. At least 15 smaller firms this year are offering slightly riskier mortgages, which in some cases come with higher interest rates and larger down payment req...
Read Post [Posted on 10/25/2014 By John Askins]
A study released by Bankrate, Inc. shows that the majority of Americans think wealth is beyond their reach and that it won’t be easier to get rich any time soon.Among the findings:-70% of Americans believe that it is more difficult to get rich today than it was in the past;-More than half of those surveyed believe it will be even more difficult to get rich in America in the next ten years, while 2...
Read Post [Posted on 10/25/2014 By John Askins]
As interest rates have stayed low, home owners are rushing to take advantage of some of the lowest rates of the year.  "Growing concerns about weak economic growth in Europe caused a flight to quality into U.S. assets, leading to sharp drops in interest rates,” says Mike Fratantoni, the Mortgage Bankers Association's chief economist. “Mortgage rates for most loan products fell to the...
Read Post [Posted on 10/24/2014 By John Askins]
College towns have long been known as havens for investors looking to cash in on rentals or turn a profit on a home flip. RealtyTrac recently ranked the best college towns for flippers in 2014.RealtyTrac analyzed public four-year universities that had enrollment of 20,000 or more as of 2012 and also were located in counties that had unemployment rates below the national average of 6.2 percent. The...
Read Post [Posted on 10/21/2014 By John Askins]
Thousands of Americans who lost their homes to foreclosure years ago may have finally moved on, rebuilt their finances, and even considered home ownership again. But first, they may have to face a rising number of debt collectors who are chasing them down for money they still owe from the foreclosure they thought they had left in the past.More banks are getting aggressive in pursuing deficiency ju...
Read Post [Posted on 10/20/2014 By John Askins]
How much should you charge for a rental property? The Wall Street Journal’s real estate columnist June Fletcher suggests 1.1 percent of the home’s value up to about $100,000 or about $1,100 a month. After that demand and what the market will bear will affect values.She points to rental sites as a good clue for someone setting prices, particularly VRBO.com, Flipkey.com and Craigslist. She also...
Read Post [Posted on 10/19/2014 By John Askins]
Although U.S. foreclosure activity may be declining, the problem is far from over. There have been over 5 million foreclosures since 2007, reports the Center for Responsible Lending, which estimates that between 3 million and 5 million more will occur over the next couple of years.In 2003, one in 38 U.S. home owners were seriously delinquent on their mortgage payments or in foreclosure, but today ...
Read Post [Posted on 10/18/2014 By John Askins]
New rules let you get back into homeownership sooner after foreclosure — in theory. Will lenders play alongFHA and Fannie Mae are making it easier for homeowners who lose a home to foreclosure or short sale to buy again, but it might not make much difference if lenders don’t go along with the changes — since they don’t have to.First, here’s what’s new at FHA and Fannie:FHA rules&nbs...
Read Post [Posted on 10/16/2014 By Garrett McWhorter]
Home equity lines of credit surged nearly 20 percent compared to a year ago and are now at the highest level since the 12 months ending in June 2009, according to RealtyTrac’s Home Equity Line of Credit (HELOC) Trends Report. HELOC originations comprised 15.4 percent of all loan originations nationwide during the first eight months of the year, the highest percentage since 2008.“This rec...
Read Post [Posted on 10/16/2014 By John Askins]
Eighty-two percent of independent landlords say they would rent to someone who had lost a home in foreclosure, if the applicant had otherwise good credit, according to a survey by The National Association of Independent Landlords."Landlords typically won't rent to applicants with poor credit--and a foreclosure will absolutely slam someone's scores,” says Tracey Benson, president of The National As...
Read Post [Posted on 10/16/2014 By John Askins]
Next
Find a Blog
Agent name
Blog name