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All Done!... We just finished updating our Houston HUD Homes website with a new group of foreclosure properties up for auction this following Sunday March 2nd. This week we have twenty nine new government foreclosures available, starting as low as $44,000 up to $134,000 spread all over the Greater Houston Area including Katy, Cypress, Missouri City, Conroe and more. These properties are being sold "as is" and they represent a good opportunity for someone to purchase a home at a great price fo... Read Full Post

Bank Foreclosure Report | Week 2 July 2007 Total Properties Sold 194 Average Square Footage 2014 Average Days on Market 68 Min Sales Price 12,500 Average Sales Price 117,944 Max Sales Price 990,000 Selling Price/Asking Price 0.96 Average Price/SF 59 Max Price/SF 212 The activity in the bank foreclosure market picked up in the second week of July with a total of 194 post foreclosure homes sold (up 40% from Week 1). Days on Market were lower in the second week which indicates faster selling tim... Read Full Post

"The fastest way to get rich quick ... is to not get rich quick" Dave Ramsey Today I wanted to write about a conservative real estate investment strategy that is single handedly responsible for the creation of a large amount of wealth in this country. Chances are you don't hear much about this strategy because it does not make you a millionaire overnight, and as such you will probably not see a spokesperson with a Pepsodent smile taunting it in a late night infomercial as the newest way to hi... Read Full Post

Bank Foreclosure Report | Week 1 July 2007 Total Properties Sold 117 Average Square Footage 2075 Average Days on Market 76 Min Sales Price 21,900 Average Sales Price 119,741 Max Sales Price 605,000 Selling Price/Asking Price 0.97 Average Price/SF 58 Max Price/SF 107 Erion Shehaj is the Chief Investment Advisor at Signature Real Estate - Where we practice a conservative approach to real estate investments that is based on thorough research and extensive knowledge of the market. If you are inte... Read Full Post

By show of hands, when someone mentions HUD Homes, how many people think of something that looks like this: You may be surprised to know that in fact, HUD homes in the Houston Area in this day and age are much different than most stereotype properties that look like teardowns. If you think about it, in order for a property to become a HUD home, it must have had FHA (government guaranteed) financing and its condition had to fulfill FHA guidelines which happen to be very strict. In many cases, ... Read Full Post

I have been pondering on this topic for a while now and I think there are a few drastic but efficient steps the mortgage industry can take to ease or even solve the current state of the housing market and furthermore prevent future declines such as this one. -Residential Mortgage Loans to investors should carry a minimum of a 10% down payment requirement. Coming from a real estate company that specializes in investment property, this is pretty radical. However, in my opinion this rule would c... Read Full Post

It is finally here! Just like an infection that sooner or later reaches the healthy organs of the body, the housing market is showing strains in parts of the country that were previously going strong. First let me clarify that I am not joining any panic bandwagon here. I never really bought into the sensationalist stories ran by every major media outlet in the country about the impending market correction. After all, the Houston market and others like it (Austin, Charleston etc.) had been gro... Read Full Post