Houston

Houston

Houston Bank Foreclosures:

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Texas foreclosures ranked 21st in the nation with the total state pre-foreclosures adding up to 14,781. Texas foreclosures total 14,020 properties that have been repossessed by the bank or lender. Houston foreclosures ranked 51st in the nation in foreclosure filings. The Houston areas posted 9,827 foreclosure listings, which was down 21 percent from the 1st quarter of 2008 and up 83 percent when compared to the 2nd quarter of 2007.

Many residents facing foreclosures in Houston are renting out rooms to avoid foreclosure. Renting out rooms isn’t an option for all homeowners as some neighborhoods (usually newer homes) have restrictions against the practice.