Web
Analytics
Living Flipside Online Resources and News
  Break Down. Rebuild. Live Well.
The Online Resource for Rebuilding and Living Well with a Shattered Background.
Get the latest news, resources, education, and housing information.


Foreclosure activity continues to drop in Harris County


Houston Business Journal - Monday

Bank and mortgage foreclosure activity in Harris County continued to slide downward in March.

Trustees posted only 1,033 properties for the March 7 foreclosure auction, compared to last month's 1,171, a reduction of 11 percent, according to the Foreclosure Information & Listing Service Inc.

The decline was even more dramatic when compared to March 2005, when 1,760 properties were posted for foreclosure.

Looking for foreclosure purchasing opportunities? click here.

Trustees expect this "artificial" decline to continue for several months because the department of Housing and Urban Development and mortgage lender Freddie Mac have introduced an extended moratorium on property sales, similar to the just-expired Federal Emergency Management Agency sale ban. The sale ban is in effect if a property has not been inspected, presumably for hurricane damage.

For the short term, many homeowners in default on government-insured mortgages will continue to have their day of reckoning postponed, with some trustees predicting late summer before the restrictions are lifted, according to the Foreclosure Ledger, a newsletter released by the Foreclosure Information & Listing Service.







Get FREE custom quotes, information, and advice.


COMMENT ON THIS ARTICLE



















Recent News and Articles
Principles to Change Your Life [Summarized] Principles to Change Your Life [Summarized]

Doing Things you Regret when you Drink [Tools You Need] Doing Things you Regret when you Drink [Tools You Need]

Four Steps to Refinance After Bankruptcy Four Steps to Refinance After Bankruptcy

Bend the knee… and experience GAME OF THRONES: The Touring Exhibition Bend the knee… and experience GAME OF THRONES: The Touring Exhibition

Disaster Food Relief from Hurricane Harvey to residents in Harris County starting Friday, Sept. 22. Disaster Food Relief from Hurricane Harvey to residents in Harris County starting Friday, Sept. 22.

FEMA Disaster Assistance: What You Need To Know. If you are a disaster survivor, you may qualify for federal assistance. FEMA Disaster Assistance: What You Need To Know. If you are a disaster survivor, you may qualify for federal assistance.

The Morris Brothers Case The Morris Brothers Case

Money advice from a Shark Tank judge is money advice everyone needs to listen to. Money advice from a Shark Tank judge is money advice everyone needs to listen to.



Web Statistics