A quick update on Bexar County and our "Record Number" of foreclosures this month. Nearly 1/3 of the homes posted were actually re-posts. What this means is that a bank already filed foreclosure proceedings against the homeowner, and then held off for a while. Likely to see what is coming out of Washington in the way of Home Owner Relief packages.
Now that the plan has been announced, those banks that felt their homeowner's may not have fit in to the guidelines of the relief package have refilled their claims. There also seems to be a dispute going on with the Mission Creek HOA and 80 or so homeowners there, as reported by Jennifer Hiller in the S.A. Express-News. The HOA has filed foreclosure proceedings due to a failure to pay HOA Dues. HOA's are enough for their own blog, so I'll tackle that issue another time.
John King is a Texas Realtor® serving the Greater San Antonio Area since 2004. Proud Veteran of the U.S. Marine Corps and Army National Guard.
San Antonio – Leon Valley– Helotes – Grey Forest – Rio Medina – Pipe Creek – San Geronimo Castroville – Von Ormy - Somerset – Elmendorf – Lackland Air Force Base – Fort Sam Houston