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John Garnaas and his company Ladco Development are facing hard days as two more foreclosure lawsuits were added to the already existent three, alleging failure to meet debt obligations. The lawsuits were filed by two separate lenders: Community State Bank and Baker Mechanical Inc and they total $2.04 million in unpaid debt. With these lawsuits [...]
Harris County residential and commercial properties slipping into foreclosure recorded a significant rise in September compared to last month. The number of properties hit with foreclosure totaled 3,480, which is 11.4% higher than the 3,124 properties posted in August, but still 25.82% lower than the 4,691 properties posted for foreclosure in September 2010. At the [...]
An island parcel owned by Marquette Galveston is now scheduled for foreclosure sale that will take place at the courthouse’s steps October 4, the Woodlands-based Foreclosure Information and Listing Service reported. The roughly 400 acres parcel’s purchase was financed by Bank of America. On the other hand very few informations are available about the site, [...]
The Houston foreclosure activity rose in the first half of 2011 according to RealtyTrac’s report, placing it among the nation’s top 20 metro markets with foreclosure activity on the rise. Nationwide, RealtyTrac’s report highlighted a 25.9% drop in foreclosure from the second half of 2010 and a 29.27% from the first six months of 2010. [...]
Houston’s real estate market continues to amaze the analysts, as it continuously records gains in most of the categories. Houston Association of Realtors published its recent report, where it says black and white that sales of single-family Houston properties are up 16.7% from 2010, which means July is the third straight month that shows yearly [...]