Archive for September, 2010

Limited Seller Financing Allowed Once Again

Tuesday, September 28th, 2010

The Texas Department of Savings & Mortgage Lending, Commissioner Doug Foster issued a notice on August 12th that allows the continuation of the de minimis exemption until further action is taken by the Legislature. Foster’s notice states, in part, “Seller Financing in part or in whole has historically been an important part of facilitating real […]

Mineral Rights in Texas

Monday, September 27th, 2010

Do you own the mineral rights to the property you currently own? It depends. Mineral go with the land being conveyed unless the minerals or an interest therein, were previously severed. The mineral estate is known as the dominant estate in land, meaning the owner of the minerals has the right to come on to […]

Dispute over fire coverage costs could affect 1,700 homes

Tuesday, September 21st, 2010

TCESD 14 notified Cedar Park city officials June 16 that it intended to terminate a fire service contract, effective June 15, 2011. TCESD 14 contracts with Cedar Park for the city’s fire department to provide fire services to more than 1,700 homes in the ETJ. Residents in Bella Vista, Twin Creeks Country Club, Ranch at […]

Growing your Real Estate Practice: The Next Wave

Friday, September 17th, 2010

In the coming years, it is estimated 55M “seniors” born 1925 to 1946 (G.I. Generation, Silent Generation & Boomers) will be entering the residential housing market place. When will depended on your market but it would be wise to being your preparation now. Prepare now in order to tap into the “senior” resource by actively […]

Monthly Review of the Texas Economy – August 2010

Wednesday, September 15th, 2010

Texas’ economic recovery is strengthening. After 16 months of job losses, the state’s economy experienced its third month of positive annual employment growth. The growth rate from July 2009 to July 2010 was 1.3 percent compared with a rate close to zero percent for the nation. The state’s private sector posted a positive annual employment […]

Cost to Value Report on Remodel Projects

Monday, September 13th, 2010

Recent article on Realtor.org looks at the cost and investment return on remodeling. On average, the return on investment recoups approximately 63.8% of cost. Upgrading the kitchen and bath are still a smart bet but forego the super expensive, deluxe projects. Instead, take a look at what is selling in your neighborhood at top dollar […]

Safeguarding your Identity & Using Social Networking

Friday, September 10th, 2010

The popularity of social networking sites such as Facebook, Twitter and LinkedIn is continuing to grow dramatically. Sometimes we forget that hackers are using social networking too to gain access to personal information. Some of the following times from ICSA Labs, which is an independent division of Verizon Business. 1. Be wary of worms, Trojans […]

Five Mistakes Home Buyers Make

Wednesday, September 8th, 2010

In reading an article from the Wall Street Journal, I am happy to see a major publication to focus on the home buyer, something most news articles do not address as of late. In summation it reminds home buyers the benefits of working with a real estate agent. For some areas, it’s easy to figure […]

FHA Launches Short Refi Opportunity for “Underwater” Homeowners

Wednesday, September 1st, 2010

Federal Housing Administration (FHA) announced earlier this month a new program “FHA Short Refinance” to help responsible homeowners who owe more on their mortgage than the value of their property. Starting September 7th, 2010 FHA will offer certain “underwater” non-FHA borrows who are current on their existing mortgage and whose lenders agree to write off […]