Government Foreclosures. Foreclosed Homes, Properties & Real Estate Auctions

Texas Foreclosures

Corpus Christi Foreclosed Homes and Houses for Sale

Relocation to Picturesque Port City

Corpus Christi real estate listings auctions as of now have a total of 775 foreclosed homes and houses for sale. These carry the median listed price of an inviting $87,000 only. On the other hand, the 2,838 FSBO {for sale by owner} homes command a median listed price of $167,419. This means that the seized homes are going at the Corpus Christi property auctions at just half the rates at which the others are offered for sale. Bryan Johnson, Bill Ward, Clark C. Flato and Roland Garcia are among the influential real estate agents dominant in the Corpus Christi real estate market. You would be well advised to hire the expert services of an agent who is both a veteran and appears devoted to helping your search for your dream home.

Corpus Christi is a coastal city and the county seat of Nueces County in the US state of Texas. Areas of Corpus Christi protrude into the adjoining counties of San Patricio, Kleberg and Aransas. The city is the focal city of the Corpus Christi MSA {Metropolitan Statistical Area} and of the Corpus Christi-Kingsville CSA {Combined Statistical Area}. The Latin name of the city literally means “the Body of Christ”. Another nickname of the city that stresses its role in promoting tourism is the Sparkling City by the Sea. Major suburbs of the city include Violet, Agua Dulce, Tierra Grande, Aransas Pass, Spring Garden-Terra Verde, Banquete, Chapman Ranch, San Patricio, Robstown, Driscoll, Rancho Banquete, Ingleside, Port Aransas, La Paloma-Lost Creek, Petronila and North San Pedro.

Certain Praiseworthy Recent Governmental Initiatives

Corpus Christi foreclosures represent a tiny portion of the spate of government foreclosures occurring all across the US. Intending homebuyers in Corpus Christi can take heart from a few recent measures launched by the US government that are likely to have a positive bearing on investors’ interests and concerns. The first is that the government has introduced the Foreclosure Prevention Act of 2008, which is right now pending discussion with the House Committee on Appropriations. The bill aims to enable an NRC {Neighborhood Refinance Corporation} to prevent home finance seizures through preemptive counseling services. Another major step has been the announcement that by 2009, a Nationwide Mortgage Licensing System and Registry will be prepared and maintained. This would render it obligatory for all loan agents and loan recipients to submit their identification details and related facts to the proposed central database. This step is guaranteed to purge the mortgage services of individuals with criminal records functioning as its agents, as had lately been happening quite a lot in several states.

Those who are buying a home for the first time in Corpus Christi will be delighted at the news that all first-time homebuyers shall be eligible for an interest-free federal grant of $7,500. Further, in a commendable measure, the government has launched a website with insightful advice to prospective homebuyers on how to avoid situations and circumstances that might subsequently lead to foreclosures. Hence, you would do well to give the contents of the website.

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