National Real Estate News
Legislative Update on SB354
Legislative Update on SB354 (the 82% of Fair Market Value Offer Requirement) and the Lease Option Bill SB629
Good News…read on
On Tuesday and Wednesday of this week investors from across Texas joined representatives from National REIA and lobbyist hired by TexREIA and the Houston RICH club to address proposed Senate Bill 354.
As you may recall, from [...]
Austin Real Estate Networking Club
National REIA and HomeVestors are sponsoring the “Texas Day on the Hill” Summit with some key legislators to discuss the proposed Foreclosure Rescue Fraud Prevention Act (SB354), which is being debated during the current session of the state legislature. As currently written, this bill will require real estate investors to pay a minimum purchase price [...]
Foreclosures spike, but experts say lenders are willing to negotiate…
Properties are mostly houses, but Chinatown Center among postings.
By Shonda Novak
AMERICAN-STATESMAN STAFF
Saturday, February 14, 2009
Foreclosure postings in Central Texas spiked in March, but experts say they don’t think those levels will continue throughout 2009.
Foreclosure Listing Service Inc. said the 551 postings filed in Travis County for the March 3 auction were up [...]
Dwellgo News (Issue10) - Great Change Ahead - Hope is Alive!
Community Stats
631 Properties
837 Buyer Profiles
28 New Profiles Recently Added
Featured Property
1121 Map St.
Austin, TX 78721
$85,000
Property: Single Family
Bedrooms:
2
Bathrooms:
1
ApproxSqFt:708
Price/Sqft: $120
[view profile]
Contact:
Craig Barnes
512.775.9525
Featured Buyer
Daniel Journeay
Why did you create a buyer profile on Dwellgo?
After hearing Jay Otto talk about the features that Dwellgo had to offer, I [...]
U.S. MBA’s Mortgage Applications Index Rose to Five-Year High
By Shobhana Chandra
Bloomberg News
Dec. 31 (Bloomberg) — Mortgage applications in the U.S. last week reached a five-year high as borrowing costs slid.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan rose to 1,245.7, the highest level since 2003, from the prior week’s 1,245.4. The group’s purchase gauge climbed 1.4 [...]
Foreclosures climb in Central Texas
By Shonda Novak | Austin American Statesman
Foreclosure postings for the upcoming Jan. 9 auction are up in four Central Texas counties, with double-digit spikes in Travis, Bastrop and Williamson counties..
The elevated numbers for those and some other Texas counties are “somewhat surprising, since (mortgage giants) Fannie Mae and Freddie Mac had pledged to suspend [...]
Texas AG Proposes Legislation To Help Fight Foreclosure Fraud
Originally posted by Daily Mortgage Fraud News on 10 December 10, 2008
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In the following press release Texas Attorney General Greg Abbott and state Sen. Craig Estes (Wichita Falls) announced a legislative initiative that will help protect Texas homeowners from foreclosure rescue scams. If enacted, the proposal would enhance the Attorney General’s [...]
The Reality of a 4.5% Interest Rate
While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows. If you or anyone you know are looking to take advantage of these low rates, let me explain why now is the time to act.
Lately there has been [...]
It May Be Time to Think About Buying a House
By RON LIEBER
The NY Times
Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.
Then, everyone who sat on their down payment savings accounts for a few [...]
Ben Bernanke on US Economy at Austin Chamber
Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero. “Our nation’s economic policy must vigorously address the substantial risks to financial stability and economic growth,” Bernanke told the Greater Austin Chamber of [...]
