Foreclosure filings of properties in Dallas-Fort Worth area, to be taken up next month for processing has shown a decline of 8 percent, from those dealt with for foreclosure this month. Compared to same period last year, you will be surprised the decline is 16 percent overall. It is welcome news that foreclosure filings are [...]
When there is enormous supply of properties far exceeding the demand, fall in prices of properties is inevitable. The foreclosure crisis saw to it that there was continuous inflow of distress sale properties into the housing markets, which changed the scenario altogether. From what was seller’s markets for decades, housing markets across the country, including [...]
You might be aware that the Attorney General of Texas has sent an advisory letter on 4th October, to mortgage lenders in the State, asking them to halt foreclosures; sales of properties already foreclosed; and eviction of homeowners from their foreclosed properties. This is in line with the regulatory action proposed, on the alleged ineffective [...]
Thinning property tax revenue and cutting budget proposal has become a contagious problem in many County and City administrations. Plano City, located on the northern suburb of Dallas-Fort Worth Metropolitan Statistical Area was declared as the wealthiest city by U.S. Census Bureau in 2008. This ranking it got after comparing the median household income of [...]
Dallas areas of Texas, as the state is progressing towards recovery from the downturn economy, to relieve the sluggishness in the home market, has been in the lime-light with good, amicable, beautiful homes and yet are affordable. It is not necessary that a lucrative home should be costly. The prices of the particular market are [...]
The talk of the town – that’s how we can highlight the present topic being mulled by the media on the foreclosure freeze. Allegations and counter-statements from both attorneys on lawsuits appearing for distressed home owners and representatives of lending banks are fully occupying the columns of the media. There is growing uncertainty, in the [...]
The handling (or mishandling ?) of foreclosures by major lenders has caused a lot of hue and cry in the real estate markets – including that of Dallas-Fort Worth metropolitan area. It is a fact that lenders are callous in handling foreclosure cases – inordinate delay; insufficient scrutiny; improper paper work etc. whereby distressed home [...]
The most serious problem facing the real estate markets across the country, including the somewhat steady one like Dallas-Fort Worth is underwater properties – or upside down properties they are otherwise known as. When people are unable to meet the repayment of the mortgage loan, they had taken at the time of purchasing the home, [...]
