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What would you do if one day your life is interrupted by a notification that the bank you bought your home from may not have had the right to sell it to you because they never actually owned it themselves? The odds may be low, but it’s worth thinking about.
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Foreclosure sales are WAY down in Austin, in more ways than one. Continue reading
If it’s your time to buy or sell, don’t wait for some imaginary sea-change in the Central Texas real estate market. The outlook for home values and mortgage interest rates us UP, and we are not facing a flood of low-priced properties in the coming months. Make your move because it’s right for you, not because of external factors you read or hear about. Continue reading
Pending home sales were down in September, but the Austin metropolitan area shows signs of strength. Continue reading
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
Prospective home buyers have an incredible opportunity right now — increased listing inventory, record-low mortgage rates, and stable or slightly increasing demand that should push prices up over the next six to twelve months. Those who choose to sit out this part of the market cycle are likely to look back in two years and say, “I should have moved then.” Continue reading
As I study market conditions in Austin and Central Texas real estate, I continue to see significant contrasts between our area and conditions elsewhere …. Continue reading
This website does a good job of outlining the steps in a Texas foreclosure, and in providing good general information about some alternatives. Continue reading
This op-ed piece from RISMedia offers an attractive option that is worth exploring — equity sharing, true cooperation between lender and borrower. Continue reading
Bill Morris on Austin Real Estate 