More fall behind on mortgages

Jan 13, 2007

More fall behind on mortgages
Problem expected to grow as adjustable rates reset

Mortgage delinquency rate

Drop in home sales puts pressure on prices

Job losses lead to drop in home prices

Hard-hit Houston, TX., area sees prices fall 1% in 4th quarter

U.S. price gains 'modest,' housing market cooling

Housing downturn 'appears orderly'

Bernanke foresees economic cooling

Better unity is first goal toward fixing bad lending practices

 

Some homeowners struggle to keep up with adjustable rates
Rising mortgage payments bust tight budgets, bankrupt some

Housing slowdown pinches pocketbooks

 

 


ShortSale Testimonial

Total Owed: $377,972
Accepted: $246,762
Time to Negotiate: 124 Days

Bank of America just approved $246,760 as payoff, thanks Julie Nguyen for helping us guide through this windy waters of bank of america

 


Recent Houston Preforeclosures

HOUSTON TEXAS 77056 Preforeclosure ShortsaleTrustee Sale Date: Jun 5, 2012
HOUSTON, TEXAS 77056
Owed:$787,909 | Accepted:$605,000
SEABROOK TEXAS 77586 Preforeclosure ShortsaleTrustee Sale Date: May 1, 2012
SEABROOK, TEXAS 77586
Owed:$945,892 | Accepted:$613,345
Houston TX 77082 Preforeclosure ShortsaleTrustee Sale Date: May 1, 2012
Houston, TX 77082
Owed:$145,244 | Accepted:$65,202
Houston Texas 77005 Preforeclosure ShortsaleTrustee Sale Date: Apr 3, 2012
Houston, Texas 77005
Owed:$705,000 | Accepted:$427,224
Houston TX 77082 Preforeclosure ShortsaleTrustee Sale Date: Apr 3, 2012
Houston, TX 77082
Owed:$2,930,000 | Accepted:$2,103,000
 SUGARLAND TEXAS 77479 Preforeclosure ShortsaleTrustee Sale Date: Apr 1, 2012
SUGARLAND, TEXAS 77479
Owed:$148,494 | Accepted:$128,494
Houston TX 77025 Preforeclosure ShortsaleTrustee Sale Date: Mar 6, 2012
Houston, TX 77025
Owed:$200,166 | Accepted:$133,000
 Cypress TX 77433 Preforeclosure ShortsaleTrustee Sale Date: Mar 6, 2012
Cypress, TX 77433
Owed:$160,000 | Accepted:$140,000
HOUSTON TEXAS 77095 Preforeclosure ShortsaleTrustee Sale Date: Mar 6, 2012
HOUSTON, TEXAS 77095
Owed:$275,000 | Accepted:$200,000
CONROE TEXAS 77385 Preforeclosure ShortsaleTrustee Sale Date: Mar 6, 2012
CONROE, TEXAS 77385
Owed:$401,000 | Accepted:$290,000