Testimonials

We want to say thanks to Eureka for making our short sale possible.
Roger and Lisa Priggle

Why to Work with Us

 

LEAST FINANCIAL IMPACT IN MOST CASES

Short sales have significantly lower financial impact on the borrower compared to foreclosures and if executed properly gives permanent financial relief unlike loan modifications which proven to have poor statistics.

SUCCESS RATIO 4 FOLD OF NATIONAL AVERAGE

We achieve these results clear the title from delinquent payments  using by private funds

VASTLY IMPROVED MARKETABILITY

Since the buyer will receive clear title this allows us to market the properties as non distressed transaction. In addition the real estate agents can work efficiently to market the properties, since they do not have to spend endless hours working with the lenders.

CONFDENTIALITY

Not only the stigma of the short sale is removed, but also the distressed status of seller remains unknown to neighbors or to the public

WIN FOR NEIGHBOURS AND FOR LENDERS 

Recent study shows that distressed properties are sold in average 27% below the open market value, which damages both your neighborhood and your  limits the recoverable capital of you lender

 

Media News

Houston new homes sales declined in July »

Istvan Fekete 09:00 am | The latest report on home sales showed in impressive decline of new home sales in July in Houston. June represented 315,000 homes sold, instead of July, when only 276,000 of the available inventory was sold. The 12.4% drop was the lowest on record for new home sales. The United States Commerce Department reports a 32.4…

Sep 3 2010 / Read More »

Bank repossessions on record height in Houston »

Istvan Fekete 09:00 am | Foreclosure Support published a new report regarding the second quarter foreclosure market analysis. According to the latest report bank repossessions hit the highest level since the crisis began, reaching the number of 269,962 properties. This figure is up 5% from the first quarter and 38% from the second quarter of 2009. John Clark, Foreclosure Support…

Aug 20 2010 / Read More »

Trial date is set for Elland, the Texas man charged with mortgage fraud »

Istvan Fekete 09:00 am | Alvin Mark Elland, 45, Houston, Texas is the former owner of Future Mortgage Company Inc. He was proceeding to trial earlier in 2010 after he pleaded not guilty to theft changes from his claimed role in a mortgage fraud scheme. The trial is set to begin August 31, this year. Elland and Ming Shan Zhu…

Aug 13 2010 / Read More »

Chapter 7 and Chapter 13 Consumer Bankruptcies Affect Texas »

Istvan Fekete 09:00 am | The amount of people filing Chapter 7 and Chapter 13 bankruptcies are on the rise in Houston, and in and around the state of Texas. The rest of the country is being hit just as hard, if not worse than the Lone Star State. The present economy has affected many men and women around the…

Jul 12 2010 / Read More »

Fort Bend County appraisal district sued for violating foreclosure law »

Istvan Fekete 09:00 am | Fort Bend County homeowners sued the appraisal district for violating the new state low that mandates foreclosures be included in assessing the value of their homes for taxes. The law was pushed by those who feared appraisers were ignoring foreclosures to protect the tax base of government entities. Fort Bend, Montgomery and Harries counties have…

Aug 30 2010 / Read More »

Residential

Why the lenders like REALTORS to be gatekeepers for short sales? »

Eureka Expert 07:33 pm | It is a common practice that Realtors are facilitating the short sale transactions with the lenders. It is also well known that this is a quite time consuming effort and can easily…

Dec 20 2008 / Read More »

REALTORS – Is it a burden or opportunity for you? »

Eureka Expert 04:55 pm | Studies and forecasts show that short sales expected to be 20-40% of the real estate transactions in the upcoming year.  Who will be…

Dec 20 2008 / Read More »

Commercial

Is The Houston Club Building going to fall into foreclosure? »

Istvan Fekete 09:00 am | The final skyscraper, designed by Jesse Jones specifically for the Houston Club is facing hard times and it’s very likely to go back to its lender. Dougal Cameron is fighting…

Jul 23 2010 / Read More »

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