Although many of the large banks claimed to have foreclosures on hold while they review their procedures it appears they didn’t “hold” back much in the Greater Houston Area.
While the number of foreclosed property is slightly lower than previous months it not what I would call a HOLD. More like a slow down.
Did I mention that some of the foreclosures were by Bank of America?!?
Harris County shows 786 foreclosed in November vs 1,246 foreclosed in October.
Fort Bend County shows 114 foreclosed in November vs 170 foreclosed in October.
Montgomery County shows 108 foreclosed in November vs 138 foreclosed in October.
Bottom Line: Don’t trust the bank unless you have it in writing and then still watch your back (and the small print).
- The Bank Slayer
