Tuesday, September 7th is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure Posted foreclosures for the Greater Houston Area total 6,689 which is a 43% jump from last month’s 4,478. Galveston County continues to rocket forward with a 53.7% increase over August’s posted foreclosures. Fort Bend County was [...]
1 in 10 familes is in danger of foreclosure
August 27, 2010 By Leave a Comment
Look around you. Does your neighbor, friend, co-worker or family member have a mortgage? How about ten folks on your street? The Mortgage Bankers Association is reporting that 1 in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. The housing [...]
MERS – Are 62 Million Homes Legally Foreclosure Proof?
August 22, 2010 By 2 Comments
Yes, you heard it right. The movement against MERS, short for Mortgage Electronic Registration System, Inc., is picking up steam. In case after case, MERS is being more and more closely analyzed as to their role, or their “registration” system’s role in the ongoing foreclosure crisis. MERS related foreclosures may soon grind to a [...]
SWAT Team TASERs disabled stroke victim’s wife during foreclosure eviction
August 18, 2010 By Leave a Comment
The wife of the disabled stroke victim refused to answer the door when the sheriff was delivering the eviction notice. She said she was scared for her life. I watched the video on this from Georgia. Seriously, a Taser shot on the wife? I saw this lady. It wouldn’t take more than a single officer [...]
Government Offering Interest-Free Loans to Save Your Home…Sorry, Texas you’re not approved.
August 12, 2010 By Leave a Comment
The Obama Administration has announced their newest plan to slow the pace of foreclosures and help borrowers who can no longer afford their homes. The plan calls for $2 billion to be directed to the Administration’s list of the “hardest hit areas”; while HUD is going to chip in another $1 billion to “other areas”. [...]
Flagstar is shutdown by restraining order after breaking promises to homeowner
August 4, 2010 By 3 Comments
The decision makers at Flagstar Bank need a good flogging and they got the first lash on Tuesday, August 3, 2010 when Judge Carolyn E. Baker of the 295th U.S. District Court in Harris County signed a Temporary Restraining Order halting the foreclosure sale of a property in Houston. Like many homeowners, this family suffered [...]
Houston area foreclosure stats for August 2010
July 27, 2010 By Leave a Comment
Tuesday, August 3rd is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure 226 – Brazoria County (Pearland, Alvin, Lake Jackson, etc.) 586 – Fort Bend County (Missouri City, Sugar Land, Richmond, etc.) 244 – Galveston County (Galveston, Clearlake, Texas City, etc.) 3,361 – Harris County (Houston, Pasadena, Baytown, [...]
Houston area foreclosures up 34.6% since 2009
July 19, 2010 By Leave a Comment
Values are still on a roller coaster as the Houston Biz Journal is reporting…In Houston, about 19,137 homes were foreclosed on or in danger of it in the first six months of 2010, a 7.3 percent increase from the previous six months, and a 34.6 percent increase from the first six months of 2009. If [...]
Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud says FTC
June 7, 2010 By Leave a Comment
The latest foreclosure rescue scam to exploit homeowners is a forensic mortgage loan audit says the FTC. They should have said MAY BE a scam. What the FTC doesn’t tell you is that it is only a scam if there is no value to the audit. A good audit will analyze your loan not just [...]
