• Lisa Simpson
• Jun 4,2009
• In: foreclosed houses

Houston Foreclosure Houses

Houston City (Harris County) in Texas State of USA is the fourth largest in the country and the biggest in the state. It is the centre of economic activity of the metropolitan area of Houston-Sugar Island-Baytown. With a population of 5.7 million Houston is a beta global city.

Despite the rosy picture Houston foreclosure houses are causing grave concerns. The economy of Houston has a broad industrial foundation spreading out to include energy, manufacture, aeronautics, transport and health care departments. Houston leads in the manufacturing of equipments required for oil fields. The Port of Houston is one of the top ranking in the country handling both national and international trade. The multicultural population adds to the charm of Houston but nothing has been able to make it proof against increasing Houston foreclosure houses.

In most of the case it is the banks who now own Houston foreclosure houses. There are so many Houston foreclosure houses that the banks do not have the infrastructure to deal with them. Many Houston foreclosure houses lie vacant causing blight to the locality. These Houston foreclosure houses are not properly maintained and attract criminals and vandals. The banks are offering heavy discounts for Houston foreclosure houses and this is attracting many bidders.

In Texas the law permits foreclosure both through and outside court. In comparison to other states the foreclosure process does not take much time and is usually completed within three months. All the foreclosures are held on the first Tuesday of each month in the 254 counties of Texas from 10 am to 4 pm.

Initially the foreclosure crisis was slow to pick up in this region but now the numbers are increasing with the concentration mostly being in the Houston region.

The Houston foreclosure houses are posing many problems as they lie unattended attracting crime. Fires often break out. In a recent incident the fire officials of Houston are looking into the death of two of their colleagues who died fighting a fire inside an empty house. The neighbours contacted them saying that it was a vacant house with nobody inside.

The flooding of the market with foreclosed homes has brought out a new challenge. Developers are building new types of houses (KB Homes) that claim to be cheaper and better than the foreclosed units. It is argued that the latter need a lot of repair but these are tailor made and new and at the same affordable rate.

Related tags

Nobody landed on this page from a search engine, yet!