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
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]
For a glimpse of where the overall housing market may be heading, look west, according to report from Clear Capital. After all, the West boasts some of the largest metro markets in the nation. When its housing markets boomed a few years ago, other markets across the country soon followed. When the downturn struck, many Western cities felt the shake up first.Lately, the West has posted a sig...
Read Post [Posted on 10/15/2014 By John Askins]
Nearly half of the nation’s foreclosed homes are still occupied, according to a study by RealtyTrac. That percentage is even higher in some markets: 60 percent of foreclosed homes in Miami and Los Angeles are occupied. Because the owners or renters of these homes aren't being evicted until months or even years after the homes go into foreclosure, they continue to live in them without paying a mort...
Read Post [Posted on 10/15/2014 By John Askins]
Home buyer counseling leads to significantly lower mortgage default rates, according to a study by NeighborWorks America.  The study found that borrowers who went through a prepurchase counseling program were nearly a third less likely than non-counseled borrowers to fall behind on their mortgage payments by 90 days or more in the first two years following closing. NeighborWorks evalua...
Read Post [Posted on 10/13/2014 By John Askins]
Faced with expected weak economic growth overseas combined with a strengthening U.S. dollar, Federal Reserve officials are lowering their expectations for economic growth here at home.Minutes show Fed officials are tempering growth outlook Minutes from the September 16-17 meeting of the Federal Open Market Committee showed concern that disappointing growth in Europe, Japan, and China co...
Read Post [Posted on 10/12/2014 By John Askins]
An analysis of 1 million fixed-rate mortgages in the United States shows that millions of Americans failed to refinance when mortgage rates were at historical lows, which could have amounted to savings for the median home owner of more than $45,000 in payments over the life of their loan.In December 2010, 20 percent of American households with fixed-rate mortgages could have refinanced but failed ...
Read Post [Posted on 10/09/2014 By John Askins]
  If your name is on title, then the foreclosure will be counted against you.  This is regardless of whether or not your name is on the note.  Frequently a married couple will purchase property using only one spouse’s credit and only that spouse will sign the note.  While only the spouse who signs the note is obligated to pay back the loan, if you live in a community property s...
Read Post [Posted on 10/06/2014 By Nadine Cius]
Facing foreclosure?  Let us help you to consider the benefit of a Short Sale.
Read Post [Posted on 10/06/2014 By Tenzesta Smith]
BUYERS' ADVICE: HIRE YOUR OWN PROFESSIONALApproximately 85 percent of home sellers use a real estate professional to sell their homes. But did you know that buyers who are represented are also more likely to have a successful transaction?Getting a purchase closed in today's market is complex. Buyers face many more hurdles including stricter financing and a confusing marketplace of listed homes, fo...
Read Post [Posted on 10/06/2014 By Tiffany Markovsky]
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