Condominium Foreclosures Being Auctioned in Houston

by cassy82 | June 2, 2010 at 05:57 am

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Several units of beachfront condominium foreclosures are being auctioned in Houston, Texas. The units are part of the high rise building of Palisade Palms in the Galveston area and are being sold by developers to unload their excess inventories.

Twenty seven units of condominium foreclosures from the beachfront building of Palisade Palms in Houston, Texas are being auctioned by developers. The units being sold account for almost ten percent of the occupancy of the two tower buildings located at the East Beach of Galveston.

Despite the latest national statistics showing that sales of real estate all around the country have gained strength, a big number of Houston pre foreclosures and foreclosed properties are still available to buyers interested in foreclosed structures.

By Cassiano Travareli