Winston Trails Foreclosure Report

As of 4.1.10 there were 128 homes in Winston Trails in some stage of foreclosure. Below is the breakdown by section:

• The Greens: 24
• Shadow Creek: 14
• Sand Hills: 10
• Turnbury: 9
• Bay Meadow: 8
• Barton Creek: 8
• Las Colinas: 7
• Golfview Village: 7
• Muirfield: 6
• Oakmont: 5
• Indianwood: 5
• Wedgewood: 4
• La Gorce: 4
• Catalina: 4
• Lake Shore: 4
• Fairway: 3
• Prairie Dunes: 2
• Bermuda Dunes: 2
• Bay Hill: 1
• Newport: 1

Now, this does not mean that there will soon be 128 Bank-owned homes on the market in  Winston Trails...just that there has been a Lis Pendens filed on these 128...most of them for being delinquent on their mortgage...Some of the homeowners may catch up on their back payments, some may qualify for the HAMP loan modification program and get to keep their home and some may do a Short Sale before they lose it to the bank in foreclosure. But...the number of homes in foreclosure is growing.

There are actually 4 "bank-owned" homes in Winston Trails now...1 in Wedgewood, 1 in The Greens, 1 in Turnbury and 1 in Las Colinas. I have not taken into account any Winston Trails homes where the owner has done a deed-in-lieu of foreclosure.

However, there are 12 more whose scheduled foreclosure auction sale date has past but the bank has not yet recorded the deed. That should mean in the next 30-90 days, another 13 bank-owned homes coming on the market. Additionally, there are 2 more foreclosed on by their neighborhood associations.