Occasionally in a short sale, one of the owners/spouse, has died, before or during the short sale process. This is a manageable situation, but it requires more work for the short sale agent. In the state of Texas, when somebody dies, the ownership falls to their next-of-kin, namely the spouse and any children. For example, … Continue reading Managing Death in a Short Sale
There are five key factors to consider in determining if a short sale is the right strategy for DFW homeowners: equity, house value, homeowner’s individual financial situation, the lender’s flexibility, and impending foreclosure. Length of ownership: Seven years is generally the tipping point. Until then, the homeowner probably hasn’t built up sufficient equity to pursue a … Continue reading Factors to Consider for a Short Sale in Dallas
There are several reasons why short sales fail. Here are some common situations that can make the process challenging for a short sale agent: Divorce or Separation Many couples who are separated or divorce are not on good terms nor will agree to cooperate to help the other with the sale. Do not take a … Continue reading Reasons Why Short Sales Fail
Many real estate professionals, including investors and agents, in the DFW area have creative solutions to help homeowners avoid foreclosure. Although some are legitimate and very successful, you should always be caution to avoid a scam. Read this article from the Dallas Observer about the massive mortgage scam that affected more than 70 homeowners … Continue reading Dallas Foreclosure Scam
Recent updates from the IRS have recently shaken major markets across the board. The 2018 Federal Tax Reform, which includes new limits on itemized deduction and mortgage interests, is also projected to have significant reverberations in Texas’s real estate sector. The most substantial changes are in the tax brackets and rates, particularly on property taxes. … Continue reading How the 2018 Federal Tax Reform Affects Texas Homeowners and Buyers
Attention Real Estate Agents in the DFW area: You are invited to join us in Frisco on Tuesday, September 25th at 1pm for a 2-Hour CE course on Short Sales! This a great opportunity to network with other local agents and learn all about short sales. RSVP is required, please email Ellen.Day@stewart.com
Are you looking for a new home? If so, have you considered all your options at length? More often than not, when picturing your new home, you envision a well-disposed, serene, neatly furnished and superbly designed dwelling. How can you get exactly what you want in your new home? Should you go for a move-in … Continue reading Move-In Ready Vs. Fixer-Upper: Which One to Buy?
In this article I really want to clear up a lot of confusion and misconceptions about the foreclosure process. A lot of times people see the word “Foreclosure” and stress out thinking that if they don’t pay off their loan, or catch up the loan, there are no options. Real estate agents sometimes think that if … Continue reading Truth About Being on the Foreclosure List