Author Archives:
Buyers Get 56 Cents on the Dollar at Texas Foreclosure Auctions: FLS
Third-party buyers purchased more than 250 homes in North Texas foreclosure auctions at an average $0.56 on the dollar in Q110, according to Foreclosure Listing Service (FLS).
George Roddy, Sr., president of FLS, said 6% of the residential foreclosure postings that were actually sold at auction were purchased by third-party buyers or investors. While most are [...]
Another 5m Homes Set to Fall into the Shadow
Over the next two years, 5m homes will drop into the “shadow inventory” of foreclosures as the fragile housing market teeters on the brink of another dip, according to a report from Capital Economics.
Paul Dales, senior US economist with Capital Economics, said as unemployment remains high, more homeowners are likely to foreclose over the next [...]
