DALLAS HOME VALUES INCREASE
January 26, 2010 by admin · Leave a Comment
DALLAS (Dallas Morning News) – Area home prices were positive in November for the first time since September 2007, according to Standard & Poor’s Case-Shiller Home Price Index, released today. Dallas area residential values increased 1.4 percent in November from one year earlier, which was the best performance of the 20 cities tracked in the [...]
FHA Waives 90-Day Rule For Flipped Houses
January 19, 2010 by admin · Leave a Comment
Flipping houses just got a little easier. From The U.S. Department of Housing and Urban Development HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS WASHINGTON – In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary [...]
Where Are the Foreclosure Deals?
January 11, 2010 by admin · Leave a Comment
For the eighth straight consecutive month, national foreclosure activity in the U.S. was dominated by a small set of states. As reported by Realty Trac, more than half of October’s foreclosure-related activity came from just 4 states: 1. California 2. Florida 3. Illinois 4. Michigan The remaining Top 10 states in terms of total foreclosure activity included [...]
Texas Requires Use of All Comparable Properties, Enacts Changes to Tax Appraisal Process
Texas Requires Use of All Comparable Properties, Enacts Changes to Tax Appraisal Process Under a new law that went into effect on Jan. 1, chief appraisers of Texas’s central appraisal (assessment) districts are prohibited from excluding foreclosure sales and properties as comparables that have lost value due to the declining market. House Bill 1038 prohibits [...]