The market seems to be heating up, along with the temperature here in East Texas. We are beginning to see more buyers in the market. The problem remains, loan underwriting and appraisals. We have inventory and we have buyers, the government says we have money. We are having a hell of a time getting money in the hands of buyers. More and more it seems like loan underwriters are trying to decline a loan instead of approve it. In the Tyler area of east Texas we are turning to local lenders and having better results.
The big fellows that have dominated the industry for years are to hard to deal with and the local bankers seem to be listening more now than in the past. Sure, they don't buy everything, but what they will buy, gets done light years faster than the big boys who took government aid.
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