Allan Pape's (apape) Blog

WASHINGTON (National Association of Realtors) - The National Association of Realtors reported yesterday that existing home sales dropped by 0.4 percent last month to a seasonally adjusted annual rate of 4.89 million units and are 23.4 percent below the 6.44 million-unit pace in January 2007. This...

COLLEGE STATION (Real Estate Center) - For beachfront living, more and more people are turning to Texas. To find out why, watch "Galveston: Drawing National Attention," the new video now available on the Real Estate Center's website.The eight-minute video is hosted by Bryan Pope, associate editor...

As many know rates are very fluid and change throughout the day sometimes several times.  On a day like today where I saw one lenders rates go up a total of .875 points from the morning rate publication I just have to remind people that tomorrow is another day.  What do I mean by that?  One day r...

Six of the nation's largest servicers -- which control nearly 60% of the $9 trillion residential receivables market -- have agreed to participate in a new Bush administration plan to freeze foreclosures for at least 30 days. Dubbed "Project Lifeline," the program affects both subprime and prime b...

It's that time of year!  If you bought a new primary residence in 2007 (or a past year and have not applied for your homestead exepmtion) now it the time to submit your application to the county.  PLEASE DO NOT PAY ANYONE TO DO THIS FOR YOU!!  IT'S A VERY SHORT APPLICATION AND WILL COST YOU NOTHI...

Do you still have your HUD-1 from the closing of your 2007 real estate transaction?  If not you need to contact your loan officer or lender and request one, if neither of these people are able to help go back to the closing agent (title company or closing attorney) and request it.Why???  You will...

Home prices in 31 states showed a 12-month increase in November, while key markets such as California, Florida, Nevada, and Arizona continued to experience home price depreciation, according to the latest LoanPerformance Home Price Index. Honolulu headed the index's list of top metropolitan areas...

Be sure that you are not one contributing to this ranging, only use an ethical, moral, reputable mortgage professional.  Yes, of course like me!  Call today.  :) TEXAS (Dallas Business Journal) - Texas ranked tenth in the nation for mortgage fraud last year, according to Dallas-based MortgageDail...