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What is largely missing from the discussion is that the properties and property owners involved are on lenders’ foreclosure lists for a reason — mortgage default. Every real estate closing that involves mortgage financing includes paperwork that basically says “no pay, no stay.” Continue reading
Last week I heard a prominent Senate leader suggest that there should be an across-the-board moratorium on all foreclosures. My response: STOP before you help us any more!!!!! Continue reading
The Wall Street Journal recently had an article about a “housing stress indicator” that compares many U.S. cities and their pain and continuing vulnerability in the ongoing real estate downturn. Continue reading
Bill Morris on Austin Real Estate 