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Market News and Trends

Distressed properties, distressed sellers


I just posted an article from RISMedia on AustinMarketInfo.com — a brief panel discussion of the prevalence of short sales and other alternatives to foreclosure in today’s U.S. real estate market:

Short Sales: The Rise, the Revenue, the Reality

While the Austin/Central Texas area has been spared to worst effects of the recession and housing crisis, we have seen an increase in mortgage defaults and distressed properties here as well.  (See Is the mortgage crisis ending? and Foreclosures — a quick footnote.)

I have been involved with short sales for years, and despite overtures from the federal government and major mortgage lenders, the process has not gotten easier to understand or to execute.  If you are having trouble keeping up with your mortgage, don’t wait until it’s too late.  I know this may be a difficult thing for you to discuss, but review

Avoid Foreclosure

and call me soon!

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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