Bank Owned Real Estate in Houston

Houston bank charters require a certain amount of solvency be maintained in an effort not to weight a Houston banks liability too heavily in Houston. The loss-mitigation division of a Houston bank is motivated to move non-performing assets out of the Houston bank. During foreclosure if there are no buyers of the Houston real estate property the Houston property reverts to the Houston bank and is offered for sale through their REO division. Many Houston banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Houston real estate property can be conducted prior to purchase.

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