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Lender communication has always been a key difficulty in handling short sales, exacerbated by agents on both sides of too many transactions who have no idea how to work a short sale. Lenders — notably major banks — have spent a lot of time working to improve their processes to accomodate the huge number of borrowers in default and to comply with recently announced HAFA guidelines Continue reading
This beautiful condo just minutes from Lake Travis is a MUST SEE! Continue reading
The truth is that we’ve only had mortgage interest rates in the 5% and under range for about fifteen months! And already we consider that “normal,” and act as if anything higher will keep people from buying and hurt the housing market? Continue reading
“I like knowing what something will cost before I commit to it. I’ll bet you do, too. The U.S. Department of Housing and Urban Development has revised some home-loan rules that attempt to give us what we want.”
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Austin most expensive rent in TX. As is generally true, press reports are best served with context.
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A great outing on Lake Buchanan just an hour from Austin … Continue reading
Spectacular hilltop building site! Continue reading
In all recessions there are winners and losers. These are the times that allow true entrepreneurs to gain market share and security, positioning themselves for the next growth phase. Continue reading
Approximately 6 million homeowners nationwide have missed at least two mortgage payments, and as many as 10 to 12 million foreclosures are possible in the next three years. This new program aims to help. Continue reading
News reports about the national economy and the national real estate market should be the starting point for analysis, not the end. Of course, we are susceptible to some national trends, but we also have our own local and regional strengths. Just like some companies fail while others thrive in difficult times, local and regional economies have comparative advantages and disadvantages, and optimism for the Austin/Central Texas area has been widely reported. Continue reading
