Questions about Texas Real Estate (bendeanda) Blog

What is going on with the banks?  I have recently seen this scenario play out twice in the last month.  We have a contract, present it to the bank for short sale approval.  Bank orders a BPO(Brokers Price Opinion) and cancells the short sale because of "Insufficient offer".  Bank forecloses and r...

Buying a Foreclosure Depending on who the seller is or what bank you are buying from, the process will be a little different every time.  It is important to know the seller's specific addendums to the contract very early into the transaction.  Every Bank is different on what needs to be done befo...

As if it wasn't top of mind already, I wanted to remind everyone that our time to own a home and reap the benefit of the $8,000 Tax Credit is coming to an end.  You must own your home as of Nov 30 in order to qualify.  There is a FAQ web site that will help you understand what you need to know ab...

Short Sale....Why mess with it?   Ask just about any Realtor about seeing a short sale and you might get the response "I'd rather cut my arms off rather than work on another short sale".  They are laborious from both sides of the transaction, take a long, long time and could get foreclosed in the...

Market is heating up here in the Dallas Fort Worth Metroplex.  Historically this time of year has been very good for selling your house.  I am seeing buyers entering the market and sellers putting their house up for sale.  It seems to be following the usual pattern.  That is good news for all of ...

3 NEW (2007)Single famly all brick, 3bed 2 bath homes with ceramic entry, kitchen and baths-Walk-in Master wired for Sec, 6ft wood fence,blinds are in. :-) Special Investor Pricing $72,350 ea. All 3 have one year leases 1 at 750 and the other 775 a month- looking for cash flow and equity with no ...

If you are under contract with a buyer and Banco Popular is the bank you will need to find out if the loan program the buyer is seeking is still available.  We just had a buyer client get underwriting (coditional approval) and turned down by the Mortgage Insurance company.  The result, after drag...