Effective December 1, 2013, the Exclusive bidding period for HUD Homes is changing from 30 days to 15 days. The Exclusive bid period is more commonly known as the time during which only owner-occupants are allowed to bid on homes. Up until this point, investors had to wait until the 31st day to bid on homes classified as 'Insured' or 'Insured with Escrow.' With the new change, investors can bid on day 16. HUD homes classified as 'Uninsured' will continue to have a 5-day exclusive period for owner-occupants allowing … [Read more...]
Oasis Texas Posted for Foreclosure at March 5 Auction
Oasis Texas has been posted for foreclosure and is scheduled to be auctioned on March 5, 2013. While a posting does not guarantee that it will be foreclosed upon on that day, it does indeed give the lender every right to do so. The Four Points News broke the story on their Facebook page a short time ago. Please note that the foreclosure does not include The Oasis Restaurant itself, but the shopping areas around it. … [Read more...]
HUD Discontinues $100 Down Payment Program in Texas
HUD has just announced that the $100 Down Payment Program will be discontinued in Texas on November 30, 2012. Any contract executed on or before November 30th will still be eligible for the program. This means offers that have been accepted, but not executed by then are not eligible. The $100 Down Payment Program has been in effect since October 2011. It permits owner-occupants who purchase a HUD home at full price using FHA financing to lower their down payment for $100. Buyers will now need to put down at least … [Read more...]
Wells Fargo Secures the Wrong House
I ran across an article that claimed the wrong house was foreclosed upon and the owner lost all of their possessions. Although the article's title mistakenly says that the couple's house was "mistakenly foreclosed," that is not accurate. In reality, the firm (commonly known as a 'field service' company) that Wells Fargo hired to secure a property went to the wrong house. Whether Wells Fargo gave them the wrong address or the field service company went to the wrong address is not mentioned in the article. The house … [Read more...]
Foreclosure Postings Down in Travis County
486 homes have been posted for foreclosure at the April 3rd Travis County auction, down 35% from last April's 742 postings. The number of FHA foreclosure postings increased, however, from 126 to 129 (2.4%). The percentage of new mortgages that are FHA has increased from around 3% six or seven years ago to almost 40% today. Therefore, it is no surprise that while the number of foreclosures are dropping, a higher percentage of them are FHA and that the absolute number of FHA-backed foreclosures are increasing. As … [Read more...]
Back on the Market! 1805 Sonoma Cove, Leander, TX 78641
This home is coming back to the market, though it may not be available to submit bids for another 4 or 5 days. In the meantime, feel free to view the house and get ready to make an offer! Situated on a cul-de-sac in Horizon Park, this 3 bedroom, 2 1/2 bath home features a game room and large yard. 1805 Sonoma Cove, Leander, TX 78641. For even more information, including a virtual tour, school links, room sizes, and plenty of photos, click here. To request a showing, contact me at 512-650-7300, by email, or the … [Read more...]
Coming Soon! 17302 Zola Lane, Round Rock, TX 78664
Coming in mid-December, this 3 bedroom, 2 1/2 bath home is located in the Meadows at Cambridge Heights in Pflugerville (though the mailing address is Round Rock). Two-story living & dining rooms, game room, and island kitchen. Carpet, some paint, and minor repairs needed. Eligible for HUD $100 Down Payment Program. To request a showing before the house hits the market, contact me at 512-650-7300, by email, or the form below. . 17302 Zola Lane, Round Rock, TX 78664 … [Read more...]
Travis County Foreclosure Auction on December 6, 2011
I was just reviewing the foreclosure postings for the December 6th foreclosure auction in Travis County. There are 606 properties posted for foreclosure which is a drop of 29% from the 850 posted last December. It is an increase of 25% from last month. Usually 25% to 30% of the properties posted are actually foreclosed upon so I'd expect somewhere in the area of 150 to 180 foreclosures. Of those, maybe around 20 will be sold to third party investors while the remainder will go back to the banks who hold the … [Read more...]
For Sale: 14400 Spearmint Tea Trail, Pflugerville, TX 78660
This new listing is located in the pool community of Brookfield Estates in Pflugerville. It has 4 bedrooms, 2 bathrooms and almost 1700 square feet of living space. 14400 Spearmint Tea Trail, Pflugerville, TX 78660. For even more information, including a virtual tour, school links, room sizes, and plenty of photos, click here. To request a showing, contact me at 512-650-7300, by email, or the form below. As always, if you purchase one of my listings, you can use my moving truck. … [Read more...]
HUD $100 Down Payment Program is Back in Texas
Effective today, October, 20, 2011, HUD has brought back the $100 down payment program for buyers purchasing HUD-owned homes in Central Texas, including the Austin area. Watch the video for all the information. Whether you use the $100 down payment program or not, I can assist you in the purchase of any HUD home on the market, not just the ones I list. For more information, contact me at 512-650-7300, by email, or the form below. Utilize these links to view all of my current listings (not just HUD homes) as … [Read more...]
For Sale: 2511 Indian Trail, Kingsland, TX 78639
Beautiful 5.94 acre homesite with Hill Country views. Almost 2400 square foot manufactured home. Wood laminate, tile, and carpet flooring. Large kitchen with built-in table and lots of cabinets. Dual-sized fireplace between living room and family room. Master bedroom suite with 2 walk-in closets, dual sinks, corner garden tub, and separate shower. Office with built-in desk. Bedroom #3 has a private bathroom. Covered and uncovered deck in back yard. In-ground pool needs some repairs. New well likely needs to be … [Read more...]
Foreclosure: 1123 Rawhide Trail, Cedar Park, TX 78613
Located in Forest Oaks, this quaint home has a magnificent front porch. Built in 2004, this home has 3 bedrooms, 2.1 bathrooms, and an office. The kitchen features neutral counters and flooring, tile backsplash, gas range, microwave, maple cabinets, recessed lighting, and a walk-in pantry. There are archways between the living room and dining room. Another great feature is the first-floor office with double doors and a closet. The master bedroom has several windows, including an arch-topped window and a ceiling fan … [Read more...]