Mr. Daniel Bellow provided the Houston Association of Realtors Houston with some encouraging news October 21, 2010 at the Omni Hotel. He said the Houston Metropolitan Statistical Area (Houston MSA) consists of 10 counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller has a population of 5,867,489 with 2,508,000 jobs. If Houston was a sovereign nation we would rank as the world’s 23rd economy. Last year Houston added 141,000 residents, more than any other … [Read more...]
Archives for October 2010
Port of Houston Authority VP Olga Rodriguez discussed the future of the Port, Oct 21, 2010
Port Authority Vice President Olga Rodriguez gave a talk at the Omni Hotel Oct 21, 2010. The subject was the 25-mile-long complex of diversified public and private facilities which make up the Port of Houston. Currently the Port is: 1st in foreign waterborne tonnage 1st in United States imports 2nd in U.S. export tonnage 2nd in U.S. in total tonnage There are 150 public and private terminals which serve the 7,700 ships which used the Port last year. The net income of the Port is up 172%. The port … [Read more...]
Title Insurance provides protection for Texas Foreclosure Buyers
Buyers of foreclosures all over the United States are starting to feel the effects of the foreclosure paperwork crisis. It is hard to pick up a newspaper in the United State and not hear something about robo signers. Some of these signers have stated that they falsely signed thousands of documents in court stating they had reviewed the documents. If you bought a foreclosure using financing, your lender required you to purchase a Title Insurance Policy. At Man-Edge Properties we explain to buyers that Texas is a … [Read more...]
Robo-signers impact on Foreclosures should be small in Texas
The government has stated that major lenders are using improper procedures to seize properties. The mortgage servicing arms of the country’s major banks are freezing millions of foreclosures. The improper procedure they are talking about is “robo-signers.” These are people who sign documents stating they have personally reviewed the facts of the foreclosure case. The problem is that some of these people have said they or their team had signed as many as 10,000 foreclosure affidavits in a month. They never … [Read more...]
Springwood Village
Coventry Development Corporation announced the development of Springwoods Village, a new, nature-inspired residential and commercial community for North Houston. Construction of Springwoods Village is targeted to begin in the second quarter pf 2011. Over the next several years, 4,500 – 5,000 homes are expected to be built in addition to 8.5 million square feet of commercial office space and 1.2 million square feet of retail space. Description • The planned development boasts a mix of urban and suburban living, … [Read more...]
What agent remarks can tell you about a listing
When making a decision which homes to preview, keep in mind the key words written in the listing. The clues are all there, words such as fixer upper, needs a little tender loving care, tear-down etc. Messages from the selling agent state the home is not eligible for FHA financing or cash only, an investor special. An investor special is like the ad for a dog in the newspaper which states the dog is not suitable for children. What the ad really tells you is that the dog bit the owner. An investor special … [Read more...]