Austin area foreclosure postings are on the rise- The February 1 auction registered at this moment a 14% increase compared to a year earlier, the Foreclosure Listing Service reported. A total of 1,376 properties were posted in Travis, Williamson, Hays and Bastrop counties. The vast majority are single-family homes. “This is the 25th month in [...]
The annual forecast for Central Texas presented by the Home Builders Association of Greater Austin and the Austin Board of Realtors said the housing for Austin and the surrounding area will have a slow start in 2011 and will show some improvements over last year. The result of recovery is expected to be seen in [...]
The University Park project is stalled, because former developers have been facing a foreclosure lawsuit, contending they defaulted on promissory notes for a $39 million construction loan and owe their lenders more than $11 million An entity formed by lenders, called SA East Avenue LLC, filed a lawsuit recently against Andy Sarwal, Fred Yeo and [...]
