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Matthew Kelly

Article about Texas Trustee Sales by Dan Kelley with the Corpus Christ Caller Times

I visited with Dan Kelly with the Corpus Christi Caller Times last week about Trustee Sales in Texas. He wrote an interesting article about the process, and I got quoted.

http://www.caller.com/news/2009/feb/15/going-once-going-twice-going-to-be-confused-of/

WOW!!!! March 3, 2009 Harris County Trustee sale even bigger than February!

I checked realdata.net I believe Monday and only saw 800 or so properties listed to be auctioned off.

I checked again this morning and....SHAZAM.......look at the number of homes posted on 2/10-2/11.

Harris County Trustee Sale Report
March 3, 2009 Auction
Date Posted Records
1/27/2009 292
1/29/2009 48
2/2/2009 125
2/3/2009 53
2/6/2009 187
2/9/2009 117
2/10/2009 896
2/11/2009 818
TOTAL 2536
Property Class Records
APARTMENT 13
COMMERCIAL 42
INDUSTRIAL 1
PARTIAL DETAIL 188
RESIDENTIAL 2292
TOTAL 2536

Follow up to Harris County Trustee Sale Article by Jennifer Dawson with the Houston Business Journal

As promised in my earlier blog, here is the link to the article Jennifer Dawson with the Houston Business Journal wrote about the man I met that was purchasing the home in Kingwood at the Harris County Trustee sale on February 3, 2009.

To quote Mr. Boyd "It was a nerve wracking experience." It all worked out very well for him however. It was a pleasure to have met Mr. Boyd and have the chance to visit with Jennifer.

Mr. Boyd, it was a pleasure to have met you! Jennifer, thanks for the great article!

Harris County Trustee Sale covered by KHOU Channel 11 and the Houston Business Journal February 3, 2009

I went to the Harris County Trustee sale yesterday and wanted to share a couple of notes about what I saw.

Vicente Arenas with Channel Eleven and Jennifer Dawson with the Houston Business Journal were there covering the story for several hours. I was glad to see that they were covering the auction as the foreclosure situation in Harris County doesn't gets nearly enough media attention. From talking to Jennifer I think she got a couple of really good story ideas from her experience that I am anxious to read. I'll make a special trip to Barnes and Noble Friday to see what she wrote.

Anyone that knows me well knows that my opinion of local Reporters and Journalists is low. Vicente and Jennifer however were very well informed, asked good questions, and understood the significance of these events. I appreciate very much that they were there.

Activity on the foreclosure side of the sale seemed to be very slow. My guess is that only 5% of the homes that were auctioned off were bid on. I did meet and spend some time with a gentleman that was buying a home in Kingwood. Ironically he had tried to purchase the home for several months from Wells Fargo as a short sale to eventually give up and purchase the home at the auction.

The people that appeared to be "Professional Investors" seemed apprehensive to purchase anything at the auction. I overheard one gentleman that appeared to be well experienced in purchasing foreclosures on the courthouse steps say that he wasn't going to purchase anything at this auction due to his concern about the number of foreclosures coming on the market.

The next Trustee sale is schedule for Tuesday, March 3rd. (They are held the first Tuesday at of every month at 10:00am at the Family Law Center). According to realdata.net, there are 518 notices already posted. In the next week I would imagine that there will be many more notices posted to meet the 21 day notification requirement.

I'm going to hazard a guess that 2009 will bring north of 20,000 foreclosures to Harris County. 2008 foreclosures were slightly north of 11,000.

12702 Timber Dove - Listed by Kim Clay with Starcrest Realty

Kim Clay| Starcrest Realty LLC| kclay@starcrestreealy.com| 281-543-3377
12702 Timber Dove, Tomball, TX
WOW! Former MODEL home in a beautiful lake community!
4BR/3.5BA Single Family House
offered at $291,875
Year Built 2008
Sq Footage 4,248
Bedrooms 4
Bathrooms 3 full, 1 partial
Floors 2
Parking Unspecified
Lot Size 10,274 sqft
HOA/Maint $0 per month

DESCRIPTION

A stunning, two story rotunda, greets you at the entry, and this precious home also features a tranquil lake view, 4 nice sized bedrooms, 3 1/2 baths, a huge gameroom plus a seperate media room, large kitchen with 42in maple cabinets, granite counter tops, stainless steel appliances, window treatments, 8ft doors on 1st floor, and a large study with hardwood floors and french doors. A must see gem!

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Tile floor
Family room Living room Bonus/Rec room
Office/Den Dining room Breakfast nook
Dishwasher Stove/Oven Granite countertop
Attic Laundry area - inside Yard

COMMUNITY FEATURES

Lake Playground


ADDITIONAL PHOTOS

Seller contact info:
Matthew Kelly
REO Field Services of Texas
281-384-9590
For sale by agent/broker

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Posted: Jan 22, 2009, 2:50am PST