What prices have foreclosure homes been selling at in 77004?

December 6, 2019 11:34 AM

Is there a way I can find out what prices foreclosure homes (bank lien, tax lien, REO) have been selling at for the past 3,6, or 12 months in Central Houston Texas zip code 77004?
posted by maxexam to Work & Money (2 answers total)

There is some difficulty with the concept because bank foreclosures very often end with a deed to the bank holding the note for the amount owed, plus costs and accrued interest. So five identical properties can be "sold" for widely varying amounts, depending on the balance when the loan went into default.

If you want a good sense of the values, exclude the sales to banks and other lenders.

Another complicating factor: owners who want to sell to buyers tend to keep their homes in generally good repair. Those who are not paying the mortgage and who end up in foreclosure do not.
posted by yclipse at 2:36 PM on December 6, 2019

Response by poster: So is there a place I can find the data excluding the bank ones?
posted by maxexam at 7:30 PM on December 6, 2019