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dallas real estate: Texas Foreclosure Activity Up in Third Quarter - 11/06/10 05:41 PM
Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 34,187 Texas properties during the third quarter, a 4 percent increase from the previous quarter and up 15 percent from the third quarter of 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.
For September, Texas reported 12,769 properties with foreclosure filings, an 11 percent decrease from the previous month and 3 percent below the level reported for the same month last year. One in every 752 Texas housing units received a foreclosure filing in September, the 29th highest foreclosure rate among the … (0 comments)
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dallas real estate: New Listing - 11/05/10 12:07 PM
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dallas real estate: Record Low Interest Rates - 11/05/10 11:33 AM
The last time borrowers could get rates this low, every television was black and white and Americans liked Ike.
Thirty-year fixed mortgages slipped to 4.27 percent last week, the lowest on records dating back to 1971, from 4.32 percent last week. A drop in interest on 15-year loans to 3.72 percent from 3.75 percent, meanwhile, was the lowest on records dating back to 1991. Freddie Mac also reported that the five-year adjustable-rate mortgage fell to 3.47 percent from 3.52 percent last week, and the one-year ARM dropped to 3.40 percent this week from 3.48 percent.
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dallas real estate: Housing Activity for North Texas - 11/01/10 10:58 AM
NTREIS MLS Area Housing Activity ReportCompiled for North Texas Real Estate Information System
Current Month Summary for: September 2010
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dallas real estate: Texas Unemployment Rate Drops to 8.1% in September 2010 - 10/26/10 05:51 PM
The unemployment rate for the state of Texas dropped from 8.3% to 8.1% in September of 2010 according to the Texas Comptroller’s Office.
Since January of 2010, the unemployment rate has been at least 8% in Texas. The last reported unemployment figure for Dallas Fort Worth was 8.4% in August.
The good news is that both DFW and Texas continue to outperform the United States in employment. The unemployment rate for the United States remained unchanged at 9.6% in September.
Some other good news from the comptroller’s report:
JOBS:
Texas non farm employment increased by 3.700 jobs in September. Since last September, … (0 comments)
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dallas real estate: BEWARE of buying new credit history - SCAM ALERT... - 10/20/10 08:46 PM
Summary: A relatively common scam is when a so-called credit repair company claims it can give you brand new credit and wipe your credit history clean. Falling for this scam can do tremendous long-term damage to yourself and your credit. Getting a new social security number to clear your creditis not possible.
Q: A friend of mine heard you on the radio talking about how companies can change your Social Security Number and fix your credit. Can you explain this to me in detail?
A: I was talking about a relatively common scam in which a so-called credit repair company claims it can give you brand new credit, … (1 comments)
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dallas real estate: What is a Short Sale? - 10/19/10 10:14 AM
A Short sale is the sale of a property by a financially insolvent homeowner who is facing foreclosure for less than the value of the outstanding loan. If a homeowner is interested in pursuing a short sale with their lender they will need to have the lender's consent and approval.
· The lender accepts the sale as payment in full for the loan.
· The property owner escapes foreclosure, but receives no funds from the sale
· There can be no equity in the property
· Seller cannot bring money to the closing.
• Lender does not report foreclosure to … (1 comments)
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dallas real estate: Great Listing in Plano, TX!!! - 10/13/10 04:10 PM
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dallas real estate: American Dream Attracting More Foreigners - 10/11/10 04:16 PM
They comprise only a small share of homebuyers in the U.S., but more and more foreign buyers are coming to America for the homeownership piece of the dream.
More than a quarter of Realtors, 28 percent, reported working with at least one international client in the past year, up from 23 percent during the previous Profile of International Home Buying Activity.
The recently released 2010 study, which queried Realtors for a year ending in March 2010, found that 18 percent of all Realtors were estimated to have completed at least one international sale, compared to 12 percent last year.
Foreigners invested … (0 comments)
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dallas real estate: Out-Of-Work Borrowers Getting Loans - 10/09/10 04:55 PM
In Dallas, TX the unemployed are getting loans and they might not have to pay all the money back. HUD is offering bridge loans to people who are out of work and have fallen behind on their mortgage payments.
Earlier this week, The U.S. Department of Housing and Urban Development (HUD) announced a new loan program available in 32 states and Puerto Rico. "It's a $1 billion initiative," says Lee Jones with HUD.
The detailed release from HUD states, "The program will offer a declining balance, deferred payment "bridge loan" (non-recourse, subordinate loan with zero interest) for up to $50,000 to … (0 comments)
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dallas real estate: Top Home Buying Mistakes - 10/08/10 04:09 PM
Buying a home in Dallas, TX is perhaps the most arduous, expensive and, ultimately, valuable acquisition you'll ever complete
Just one mistake could mean disaster - could be the worst mistake you'll ever make.
In order to avoid titanic trip ups during such a trying transaction, RealEstate.com suggests buyers get to know the most common home buying blunders.
To know them is to avoid them.
Going solo Buying a house in Dallas, TX is a complex transaction. It should be a team effort. You'll need a real estate agent, lender, inspector, insurer, perhaps a lawyer and other team members to help … (0 comments)
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dallas real estate: Foreclosures On Auto-Pilot? - 10/07/10 04:54 PM
The recent news of "robo-signing" (signing off on foreclosures without reviewing and verifying the information in the documents) has chilled the rapid pace of foreclosures... at least for now.
JPMorgan Chase has frozen foreclosures in about half the country due to the paperwork fiasco.
"It didn't surprise me. You're talking about foreclosure mills that run thousands of foreclosures a month; how can the attorney filing on behalf of them have personal knowledge of all those files," says attorney and educator, Lance Churchill, President of FrontlineSeminars.com.
It's being reported that up to 56,000 foreclosures are affected. An employee for JPMorgan Chase said … (0 comments)
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Charles Benton
Plano,
TX
More about me…
RE/MAX Premier Group
Address: 2100 Dallas Pkwy Ste 104, Plano, TX, 75093
Cell Phone: (469) 247-4080
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