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
Home buyers once saw short sales as big bargains, but their appeal has fizzled around the country — so much so that some real estate professionals are advertising listings as "not a short sale" to attract more buyers. "'Short sale' does have a stigma now," says Summer Greene, regional manager of Better Homes and Gardens Florida First Real Estate in Fort Lauderdale, Fla. Greene says getting bank a...
Read Post [Posted on 08/28/2014 By John Askins]
Thieves are continuing to prey on foreclosed and bank-owned properties, removing copper, appliances, and other fixtures, and leaving behind a mess for those who have to sell it. Foreclosures often become prime targets since they are vacant. The Memphis Area Association of REALTORS® recently warned its members of scams involving thieves who remove “For Sale” signs from yards and then bring a tru...
Read Post [Posted on 08/28/2014 By John Askins]
The pace of existing-home sales rose for the fourth straight month in July, adding more evidence that the national housing market is improving.The national housing market continued to improve in July when existing-home sales reached their highest annual sales pace so far this year, NATIONAL ASSOCIATION OF REALTORS® data show.The median existing-home price rose to $222,900 in July, up 4.9% from Jul...
Read Post [Posted on 08/26/2014 By Garrett McWhorter]
Bank of America has reached a record $17 billion settlement stemming from its sale of mortgage-backed securities before the 2008 financial crisis. This marks the largest settlement from a bank related to the crisis, during which millions of Americans lost their homes to foreclosure. Other banks have also reached settlements: Last year, JPMorgan Chase & Co. agreed to pay $13 billion, ...
Read Post [Posted on 08/24/2014 By John Askins]
The MID — representing hundreds and even thousands of dollars a year in tax saving to individual home owners — facilitates home ownership by reducing the carrying costs of owning a home. It makes a real difference to hard-working American families.A family who bought a home this year with a $200,000, 30-year, fixed-rate mortgage, assuming an interest rate of 4.5%, could save nearly $3,500 in feder...
Read Post [Posted on 08/22/2014 By Garrett McWhorter]
The nation’s largest mortgage lender is raising commissions of its loan officers in the hopes that the added perk will spur its officers to issue more loans for home purchases. Wells Fargo & Co. is looking to ramp up the number of its mortgages for home purchases, to make up for a big drop in refinancing applications the past year due to rising rates. Refinancings helped Wells...
Read Post [Posted on 08/22/2014 By John Askins]
Government-sponsored enterprises Fannie Mae and Freddie Mac have been working through the REO inventory load they hold on their books, a move that helped them report a profit yet again in the latest quarter.In the second quarter of this year, Fannie Mae’s REO inventory stood at 96,796 compared to 166,787 properties it held in the third quarter of 2010. Freddie Mac is also reporting a large...
Read Post [Posted on 08/21/2014 By John Askins]
If the bank or government can’t save a person from foreclosure, can a crowd? “Crowdfunding” sites are on the rise as desperate home owners turn to trying to raise money from friends, family, and strangers to try to stay current with their mortgage payments.  “Listings asking donors to ‘Help save my children's home’ and ‘Help avoid foreclosure’ are popping up across dozens of fundrais...
Read Post [Posted on 08/21/2014 By John Askins]
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Read Post [Posted on 08/19/2014 By Katrina Barnes]
Home ownership is strongly tied to jobs in this country. For every two homes sold, one job is created in this country. In addition, each home purchase generates as much as $60,000 in economic activity over time. “Jobs and Home Ownership. You Can’t Have One Without the Other” Ad Jobs and Housing Top Concern for VotersA HouseLogic survey finds that jobs and the housing market will be the t...
Read Post [Posted on 08/18/2014 By Garrett McWhorter]
Housing is a significant driver of the national economy — it accounts for more than 15% of the gross domestic product. In addition, six of the last eight recessions have ended as a result of robust housing markets; war spending ended the other two recessions. It Pays to Support Responsible Home OwnershipUnderstand the role that home ownership plays in our economy and the programs that help ma...
Read Post [Posted on 08/18/2014 By Garrett McWhorter]
Housing markets gained traction in 2013 – home equity is up, as are home prices, but lingering uncertainties about mortgage finance markets and tax reform will prevent a full housing market recovery, according to 2014 NATIONAL ASSOCIATION OF REALTORS® President Steve Brown. He spoke at a news conference today during his trade group’s conference in San Francisco.Brown called on policymake...
Read Post [Posted on 08/18/2014 By Garrett McWhorter]
Mortgage foul-ups are accounting for a growing number of complaints recently filed with the Consumer Financial Protection Bureau. During the year the most complaints were about mortgages, loan modifications, and foreclosure activities by servicers. CFPB also has been sending investigators into mortgage-servicing firms to check their accounts and uncover any “unfair and deceptive practices...
Read Post [Posted on 08/17/2014 By John Askins]
There were over millions of foreclosures per year at the peak of the Recession. Many consider now a good time to buy because mortgage interest rates and home prices are still relatively low. But how can you keep from ending up in a distressed-sale situation, or ending up underwater in the future with a loan amount that might end up higher than the market value of your home? Accor...
Read Post [Posted on 08/15/2014 By John Askins]
Regardless of your ethnicity, chances are you think homeownership is a good idea, according to a Better Homes and Gardens Real Estate survey comparing attitudes of African-Americans, Caucasians, and Hispanic Americans.The survey found quite a few issues we agree upon:We want to live in the suburbs: 59% of African-Americans; 55% of Caucasians; and 50% of Hispanics.Loving the neighborhood is more im...
Read Post [Posted on 08/13/2014 By Garrett McWhorter]
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