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The Florida Bankers Association has proposed a new approach to deal with the backlog of foreclosure proceedings in the state's courthouses: skip the courts and proceed immediately to the sale.
The properties are distributed across Harris County. There is a concentration in "Downtown Houston", defined as the area enclosed by Interstate 10 , Interstate 45 , and Interstate 69 . More than 100 are in the "Houston Heights" neighborhood whose borders are, approximately, Highway I-10 on the South, I-610 on the North, 45 on the East and ...
By 2012, it took three years to complete the process. In nonjudicial states, it takes an average of 100 days. As a result of the United States housing bubble, there is a large backlog of housing that is in the foreclosure process but unavailable to the market. This overhang has had a detrimental effect on the housing market.
A foreclosure stays on your credit report for up to seven years and will lower your credit score significantly, often by as many as 100 points, according to Equifax.. 2. Focus on improving your ...
As per the foreclosure data report of RealtyTrac for January 2014, 1 in every 1,058 homes in U.S. received a foreclosure filing. This figure falls in the higher spectrum of foreclosure frequency. As of August 2014, the foreclosure rate was 33.7%, 1.7% up from the last year.
William Joseph McCorkle (born 1966 in San Antonio, Texas) is an American businessman, former real estate guru and former owner of William McCorkle Seminars.In the 1990s he and his wife Chantal created a number of late-night television infomercials, selling materials which purported to teach people how to make money buying foreclosed real estate properties.
Judicial: If you live in one of the 21 states, including Florida, New York, Ohio, and others, with judicial foreclosure, the lender has to file a lawsuit. The homeowner has 30 days to pay their ...