Texas is non judicial foreclosure state, which permits Foreclosure Trustee Sale. This is quicker process quicker process for mortgage lenders, which do not require the involvement the ruling of a court. It means the lender can bring the home for distress sale through a Third Party Trustee, in less than 6 to 9 months, by [...]
Although, we are in 2010 and the Austin real estate market show homes sales of 170 in the first quarter of the year, it is not really great news. In 2009, the real estate market in Austin stabilized to a certain level especially more so in the last quarter. The buyer and seller market in [...]
Dripping Springs and Round Rock are subdivisions of Austin, which have shown some remarkable changes in terms of real estate sales, short sales, and foreclosures in 2009. Two of the best communities that can be used for creating a real estate sales comparison are Teravista in Round Rock and Belterra in Dripping Springs. Both Teravista [...]
In an attempt to avoid losing their homes to foreclosure, the number of homeowners filing for bankruptcy protection has increased. Unfortunately, this attempt doesn’t bring the desired results in most cases. Based on post-bankruptcy data available for 60 Texas counties, the Addison-based Foreclosure Listing Service came out with a report that states that real estate [...]
The Austin metropolitan region saw a steep increase in the rate of commercial real estate foreclosure in 2009, beating the figures of many other important cities in the state of Texas. According to a report based on the foreclosure listings by Foreclosure Listing Service Inc., it was found that there was a 108% jump in [...]
One of the more prestigious Austin condos projects – Sabine is set for auction on February 28, 2010. Sabine on Fifth Austin, a residential condominium project has hit the roadblocks because of a tenant lawsuit as well as foreclosure posting. The Sabine has 80 condos converted of a former 10-storey office building is located on [...]
