The Woodlands Real Estate

Good news on the Woodlands Foreclosures front. Houston area foreclosures did not significantly increase between the second and third quarters, and there were fewer than last year. RealtyTrac’s U.S. Foreclosure Market Report revealed that Houston–Sugar Land–Baytown foreclosures increased 1.5 percent between the second and third quarters, and actually fell 8.1 percent from third quarter 2008. Approximately [...]

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What does being “upside down” in your house really mean?  The number of upside down homeowners – those who owe more on their mortgages than their home is now worth - has been growing dramaticaly since 2006 as real-estate prices started to tumble in some areas.  By some estimates, between one in six and one in [...]

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Typically, homeowners fall behind after a job loss, divorce or serious illness.  In the current downturn, foreclosures are higher than in previous cycles because more homeowners reached beyond their means to buy their homes and simply can’t keep up the payments. So what does this all mean for you? If you have a low-interest fixed-rate [...]

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Are you thinking about engaging in the real estate market, whether you you are the buyer or seller, but you are nervous because of the volatility in the real estate market right now? If you are the buyer and you can qualify for a mortgage (you have a steady income, good credit and some type of savings), then this is a good time [...]

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A Short Sales is where lenders are willing to consider selling distressed or repossessed properties “short,” or for less than they loaned. In theory, a short sale can benefit everyone involved, agents too - the homeowner gets out from under a large financial obligation, the buyer gets a bargain, and the lender recoups principal at a time [...]

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Everywhere you turn there is someone talking about the foreclosure situation that is taking over our nation! Good Morning America is on site at a home being taken over in Dallas and the local news is constantly covering stories about people losing their homes to foreclosure. The reality, however, is that foreclosures are not taking [...]

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