City to return foreclosed lots to market
The City Council voted on Jan. 13 to relist about 20 foreclosed lots after tweaking bidding rules to ensure that buyers build houses on them within a year of purchase. The Council removed the lots last November from the Texas Communities Group website after receiving and rejecting bids from would-be buyers who failed to submit home plans that followed guidelines for the lots’ sizes and locations. The Council also voted to combine contiguous lots into one parcel to allow would-be homebuilders to construct larger homes.