Comments on: Where the Action Was: Houston Summer Foreclosure Map http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/ Houston, Texas real estate development, home buying, landscape, and design Mon, 22 Mar 2010 15:31:39 +0000 http://wordpress.org/?v=2.6.3 By: Raj http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42996 Raj Mon, 14 Sep 2009 18:07:45 +0000 http://swamplot.com/?p=12172#comment-42996 A large part of Bolivar is going to be turned into a nature preserve. FEMA is buying out many of the properties. See: http://offcite.org/2009/08/28/making-sense-of-ike I suppose that buyout was made easier by the rate of foreclosures. What is the story with the bright red near Waller and Brazoria? A large part of Bolivar is going to be turned into a nature preserve. FEMA is buying out many of the properties. See:

http://offcite.org/2009/08/28/making-sense-of-ike

I suppose that buyout was made easier by the rate of foreclosures.

What is the story with the bright red near Waller and Brazoria?

]]> By: PaxMcKatz http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42628 PaxMcKatz Fri, 11 Sep 2009 14:31:19 +0000 http://swamplot.com/?p=12172#comment-42628 Aside from all the bickering above.... I find it interesting that Boliver is dark red. So did the mortgage companies forclose on all the properties washed away by the Hurricane? That's gotta suck, Aside from all the bickering above…. I find it interesting that Boliver is dark red. So did the mortgage companies forclose on all the properties washed away by the Hurricane? That’s gotta suck,

]]> By: jgriff http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42623 jgriff Fri, 11 Sep 2009 13:39:29 +0000 http://swamplot.com/?p=12172#comment-42623 <i>Learn to read. The rich make deals. The poor get tossed out on the streets.</i> No one ever said being poor was fun or easy. Learn to read. The rich make deals. The poor get tossed out on the streets.

No one ever said being poor was fun or easy.

]]> By: matt http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42610 matt Fri, 11 Sep 2009 10:24:48 +0000 http://swamplot.com/?p=12172#comment-42610 I like to think of it as “karma”….. _________________________ It is. And I was just being "tongue-in-cheek." Hopefully he will end up with "himself" as a landlord. Tit for tat and all that. I like to think of it as “karma”…..
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It is. And I was just being “tongue-in-cheek.”

Hopefully he will end up with “himself” as a landlord. Tit for tat and all that.

]]> By: Bozo http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42579 Bozo Thu, 10 Sep 2009 23:19:26 +0000 http://swamplot.com/?p=12172#comment-42579 I like to think of it as "karma"..... I like to think of it as “karma”…..

]]> By: matt http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42573 matt Thu, 10 Sep 2009 22:20:37 +0000 http://swamplot.com/?p=12172#comment-42573 Bozo, that's so mean. Bozo, that’s so mean.

]]> By: Bozo http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42572 Bozo Thu, 10 Sep 2009 22:14:17 +0000 http://swamplot.com/?p=12172#comment-42572 Zip code 77005 address 3760 Ingold value $1,178,000 (HCAD tax $1,600,000) Owner Scott Wizig; AKA="slumlord scott" google his name Could not have happened to a better guy! Zip code 77005

address 3760 Ingold

value $1,178,000 (HCAD tax $1,600,000)

Owner Scott Wizig; AKA=”slumlord scott”

google his name

Could not have happened to a better guy!

]]> By: diggity http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42571 diggity Thu, 10 Sep 2009 22:04:35 +0000 http://swamplot.com/?p=12172#comment-42571 I notice your entirely ignored my first point. Please post some evidence or examples of this "deal making" then. Anything to support your wild speculation. I notice your entirely ignored my first point.

Please post some evidence or examples of this “deal making” then. Anything to support your wild speculation.

]]> By: matt http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42566 matt Thu, 10 Sep 2009 20:46:24 +0000 http://swamplot.com/?p=12172#comment-42566 And please post the addresses of all these $3,000,000 homes going into foreclosure. ________________ Learn to read. The rich make deals. The poor get tossed out on the streets. And please post the addresses of all these $3,000,000 homes going into foreclosure.
________________

Learn to read. The rich make deals. The poor get tossed out on the streets.

]]> By: diggity http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42564 diggity Thu, 10 Sep 2009 20:26:27 +0000 http://swamplot.com/?p=12172#comment-42564 If the lienholder is the same, they have lost an equal amount of money if all go into foreclosure and are sold for less than loan value. ____________________ Not true at all. The transactional costs of each foreclosure would make the 30 foreclosures a much more expensive proposition for the bank. Freddie Mac has stated that the average foreclosure costs them around $60,000. And please post the addresses of all these $3,000,000 homes going into foreclosure. Another quality conspiracy theory by Matt. If the lienholder is the same, they have lost an equal amount of money if all go into foreclosure and are sold for less than loan value.
____________________
Not true at all. The transactional costs of each foreclosure would make the 30 foreclosures a much more expensive proposition for the bank.

Freddie Mac has stated that the average foreclosure costs them around $60,000.

And please post the addresses of all these $3,000,000 homes going into foreclosure.

Another quality conspiracy theory by Matt.

]]> By: matt http://swamplot.com/where-the-action-was-houston-summer-foreclosure-map/2009-09-10/#comment-42559 matt Thu, 10 Sep 2009 19:36:54 +0000 http://swamplot.com/?p=12172#comment-42559 The problem I have with this is that it indicates the problem with foreclosures is in certain areas of the city and so it becomes a little "prejudicial" in that respect. You may have 30 $100,000 homes in Southwest Houston and one $3,000,000 home in Piney Point. If the lienholder is the same, they have lost an equal amount of money if all go into foreclosure and are sold for less than loan value. And there have been quite a few of those $3,000,00 homes that have gone into default. The difference is, the big difference, the owner of the $3,000,000 home is allowed extra time, sometimes allowed to refinance or make interest only payments or just put it on the market with no real threat of actual foreclosure. That's in Piney Point. In Southwest Houston it is posted as soon as it can be on the list of foreclosures to be sold on the courthouse steps. The problem I have with this is that it indicates the problem with foreclosures is in certain areas of the city and so it becomes a little “prejudicial” in that respect. You may have 30 $100,000 homes in Southwest Houston and one $3,000,000 home in Piney Point. If the lienholder is the same, they have lost an equal amount of money if all go into foreclosure and are sold for less than loan value. And there have been quite a few of those $3,000,00 homes that have gone into default. The difference is, the big difference, the owner of the $3,000,000 home is allowed extra time, sometimes allowed to refinance or make interest only payments or just put it on the market with no real threat of actual foreclosure. That’s in Piney Point. In Southwest Houston it is posted as soon as it can be on the list of foreclosures to be sold on the courthouse steps.

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