Houston foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas. Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.
Houston Condos are everywhere … so now, living in downtown Houston has never been better!
Houston is the fourth-largest city in the United States of America and the largest city within the state of Texas. As of the 2007 U.S. Census estimate, the city has a population of 2.2 million within an area of 600 square miles (1,600 km²). Houston is the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—the sixth-largest metropolitan area in the U.S. with a population of 5.7 million. (via wikipedia)
Looking to live downtown Houston, TX? You probably …
Houston lofts are a popular lifestyle choice right now. Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers. The 20 Units of 6007 Memorial are authentic loft style homes.
There’s been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.
Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.
Here is a list of the 2009 FHA Maximum Mortgage Limits*:
$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties
These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 …
Live in a prime River Oaks location, convenient to shopping, transportation, restaurants, and nightlife. Have great views of downtown Houston. This is what you have at Piedmont at River Oaks. A brand new, well designed, sleek, hip Houston Condo, and close to everything.
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