Here you will find the latest real estate news in Dallas and around the country!
Be Proactive When Selling Your Home
Be Proactive When Selling Your Home If you have been on the fence trying to decide whether or not to put your home up for sale, there may not be a better time in recent history to take a chance. Demand has increased as buyers try to take advantage of record low interest rates on mortgages. Home prices have increased, inventories have fallen, sparking bidding wars in some markets and the median number of days that a home stays on the market before being sold has fallen. All of these factors indicate that a would-be seller’s best opportunity...
read morePrivate Mortgage Insurance Sue Homeowner?
Can the PMI company sue a home owner that completed a short sale or was foreclosed on? Many homeowners think that the Private Mortgage Company (PMI) company is something that protects the homeowner. The PMI that is paid by the home owner is actually a insurance that covers the lender in the event if you default on the loan. There are more and more lawsuits being filed from the PMI company against the home owner that was in default. Even though a short sale is completed there can still be a deficiency. A lot of the deficiency could come...
read moreNational Association of Realtors Real Estate Forecast
What’s the National Association of Realtors (NAR) thoughts on our future real estate market? NAR offered some projections to the Realtors at a Conference Expo in 2012. Chief Economist Lawrence Yun for NAR says that he expects for the share of distress sales to decline about 25% in 2012 to about 8% in 2012. As long as the credit guidelines doesn’t tighten up they expect the market to continue to recover. If the guidelines continue to tighten up that will have many buyers not be able to qualify to buy a home. The increase of...
read moreInvalid Bank foreclosure?
What if the bank doesn’t have all the proper documents to foreclose on a home? Can they still go ahead and foreclose? What happens if they go ahead and foreclose without all the proper documents? We are entering into some interesting times in the real estate industry. This case that we are about to mentioned is based in the state of Ohio. The Supreme Court has ruled that a bank has foreclosed on a property without the validating of all documents and proof of ownership of the note when it was foreclosed on. For many years,...
read moreBank of America’s Short Sale Pilot Program with Auction.com
How is Bank of America trying to sell short sales faster? Bank of America has decided to partner up with Auction.com to assist in selling short sales. Homeowners that agree to do their short sale will be featured on a larger pool of buyers on Auction.com. Auction.com will partner up with local real estate agents to try and sell the properties faster by reaching out to more buyers. It will be interesting to see how this pilot program works and if this will assist in helping BOA and the homeowner sell their house. Bank of America said...
read moreDallas Ft. Worth Home Prices Increases 8.8% from 3rd Quarter 2011
The Dallas Real EstateShould I buy a Dallas Short Sale?. Read more ... » Market has increased 8.8% from last years 3rd Quarter. That’s exciting news for the Dallas MarketDallas pending Home Sales declined in August?. Read more ... ». This shows signs of the Dallas Market rebounding and the homes inventory has been decreasing. We are starting to see multiple offers on properties because buyers are taking advantage of the low interest rates. The new homes market has increased over 5% which has home builders ecstatic Nationwide the...
read moreDallas foreclosures filing down!
Foreclosures have been down in the Dallas area for the third month in a row. Economists at the real estate Center at Texas A&M University Dr. James Gaines that is highly likely the worst is over. 42,000 North Texas homes are being foreclosed on next Tuesday. Foreclosures in Texas are one of the fastest foreclosureShould I buy a Dallas Short Sale?. Read more ... » states. Foreclosures could be processed as short as 45 days. Foreclosures are down 6% less than they were a year ago according to the Addison-based foreclosure listing...
read moreHome mortgage tax deductions to end?
Could there be an end of mortgage tax deductions? President George W. Bush tax cuts and act are scheduled to expire at the end of this year. With the tax cuts scheduled to expire the tax reforms are frequently being reviewed. Homeowners across the country are concerned if this could actually pass. This could cause a problem for many homeowners if they are not allowed to deduct the interest they pay on their mortgage. For many families this is the only significant deductions they have. Some experts say that thousands of homeowners could...
read more