Short Sales - Are They Worth the Risk?
February 3, 2010
If an owner buys a house for $500,000 and then needs to sell it but the market says it’s now only worth $400,000, they are short $100,000. The seller is still the legal owner of the house and can accept a contract on the house for the $400,000 but they still owe the bank that payoff amount of $500,000
The Top Five Reasons Why San Antonio Real Estate Market is Looking Up
January 29, 2010
For everyone still reeling from the tough San Antonio real estate (SARE) market in 2010, it’s now time to get up, dust yourself off, and look forward to a more promising 2010. Don’t expect the market to surge ahead quickly, though, as regrouping from the last year’s national recession is going to take time
The Housing Crisis and Unemployment
January 15, 2010
What we have witnessed in this recent housing crisis is plunging home values, rising foreclosures, and a sinking economy. A rapid rise in unemployment has been a major cause in the growth of foreclosures hitting the market.
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