Investors can find plenty of bargains out there in Texas. Just like the one, who paid $3.1 million in cash when the 58-room Comfort Suites hotel was for sale at a foreclosure auction. The hotel was built in 2005 and the borrower had purchased the hotel four years ago, but defaulted on its loan in [...]
The Austin Board of Realtor issued a report Austin-are home resales and the numbers aren’t positive: 10% drop from a year earlier. The median price of existing single-family homes was $185,260, up 2% for the total of 1,597 sale transactions. Last year the federal tax credit pushed home sales up 27% compared to this year [...]
Killeen-Temple-Ford Hood foreclosure and mortgage delinquency rates dropped on a year-over-year basis below the national level, the recently released CoreLogic data reports. The area’s mortgage delinquency rate – the number of mortgages delinquent for 90 days or more – declined from 4.47% to 4.13% from January 2010 to January 2011, while outstanding foreclosure rate was [...]
The May 3 foreclosure auction in Austin only sees a total of 974 properties. This number represents a serious 29% decline from April. Foreclosure listing service said the amount is 7 month low for Austin and about 14% less than the 1,139 properties that went to foreclosure auction last May. “I believe this is an [...]
The Austin Board of Realtors published the report coming from Multiple Listing Service that. According to this report 1,112 single-family homes were sold in the Austin are during February 2011, a figure that is statistically unchanged from February 2010. The report goes on and reveals that in February the median price for single-family homes in [...]
A Round Rock woman fights – like many others Texans – the foreclosure machinery in order to keep living in the home she has lived in for the past several years. The only problem is that she won’t win the fight as the property has been foreclosed on, and she only rents it. Federal law [...]
Robert Wunsch, a Williamson County developer seeks protection from foreclosure by filing for bankruptcy protection for the Golf Club at Avery Ranch and the family partnership owning the offices of his Waterstone Development firm. In the past several months Wunsch has filed a total of 9 bankruptcy petitions for partnerships he controls. While Wunsch solves [...]
