Owner financing (or contract for deed) is “advertised” as a second chance for buyers that cannot obtain conventional financing but in most cases, they are at best, a bad option. The pitch goes something like this: A bright handwritten sign by the side of the road will read “3/2/2 Home...

If you have done so much as casually browse for Houston Homes lately, you know the current market offers a bank owned property selection the likes of which we have not seen in the recent past. From the ultra affordable neglected, to “I can’t believe this is a foreclosure” recent constructions,...

ForeclosureFriday is a new weekly column we’re starting at ErionHouston.com to bring to our readers a mixture of sound advice on pursuing foreclosure properties and actual deals on Houston Foreclosures we uncovered during that week in our research. During the current economic crisis, “foreclosure”...

Recently we have been receiving calls from buyers interested in extremely low priced Houston Foreclosures that they’ve heard about on the radio. Today, we try to set the record straight. Photo Credit: scoobymoo

If you are looking for a property to buy as your primary residence, buying at the auction is a bad idea, in most cases. Negatives of auction foreclosures: 1. Inability to finance (capital intensive) 2. No title insurance (possibility of liens) 3. Possibility of back taxes 4. No thorough inspection 5....

If you’re an aspiring real estate investor, it is crucial to know that there are two kinds of “foreclosures” and to understand the difference between them. When a home is initially foreclosed by the lender, its put up for sale at the monthly foreclosure auction at the county courthouse....

I have been wanting to write this post for quite some time as this topic bothers me somewhat. In my opinion, prospective investors deserve to know the facts about the true value of certain services so that they can make an informed decision. If you ever search the Internet for foreclosures (or some variation...

If you are in the market to purchase a home, it is important to get a great deal on the price as well as getting the amenities and specifications you are looking for. The wide majority of buyers jump right into the first home they like and end up paying retail price when they could have purchased a bank...

Whether you are buying your first home or moving to a different place, the process of buying a home is a very exciting one. Often, after having found the perfect home and put it under contract, buyers waste no time thinking about how they are going to make this new home, their home. And that leads to...

If you’ve ever gone shopping to Wal Mart or somewhere and have seen (or bought) a 50-pack box of Kleenex that was on special for $4.99, this post will make a lot of sense to you. Home builders, just like grocery stores have inventories and when those inventories age, meaning when those already...