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Old 01-21-2011, 06:42 AM
 
Location: Tower of Heaven
4,023 posts, read 6,533,369 times
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The number of Harris County properties that fell into foreclosure in January was significantly less than in December.
A total of 837 properties went back to lenders at the Jan. 4 foreclosure auction, a 32.6 percent decrease from the 1,241 properties that were foreclosed on in December, according to Foreclosure Information & Listing Service Inc. of The Woodlands.
The January activity also represents a nearly 41 percent decline from the 1,412 foreclosures that occurred in January 2010.


Harris County foreclosures nosedive so far in 2011 | Houston Business Journal

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Old 01-21-2011, 09:48 AM
 
Location: Houston, TX (Bellaire)
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One data point does not a trend make. Also many banks stopped foreclosures for 2 months while they sorted out that robo-signer thing.
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Old 01-21-2011, 11:00 AM
 
Location: The Greater Houston Metro Area
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Quote:
Originally Posted by chris_ut View Post
One data point does not a trend make. Also many banks stopped foreclosures for 2 months while they sorted out that robo-signer thing.
Also, I heard several delayed some foreclosures during the Christmas holidays. It will be more important to see March's numbers.
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Old 01-21-2011, 12:27 PM
 
125 posts, read 211,381 times
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If a wave of Houston foreclosures is going to happen, I hope they hit the market before April/May, when we plan on buying.

I have little sympathy for those who are victims of their own reckless judgement. We do, of course, feel for those who were caught in events beyond their control. But "good news" often depends on what side of an event someone is. And I think buyers like ourselves should be allowed some rejoicing anytime homes become more affordable.

We are so excited about moving to Houston!

Last edited by mistergus75; 01-21-2011 at 12:36 PM..
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