Diego Marin - Irving TX Short Sales

Interest rates for a Conventional 30yr-fixed drops below 4% for the first time in history! This is great news for First Time Home Buyers looking for Irving TX Real Estate, who maybe doesn’t want to go through the stricter guidelines of an FHA loan.

Even the 15yr-fixed loans, popular among existing homeowners wanting to refinance fell to an all time low according to GSE’s market analysis. Freddy Mac’s chief economist, Frank Nothaft said the decline in fixed mortgage rates was due to the sharp drop in 10-yr Treasuries.

Lower rates and lenient guidelines… what could be better? Looking for a great deal? Consider an Irving TX Short Sale! Read the article here…

NASA has a decommissioned satellite that is heading towards earth and scheduled to land somewhere in the USA. The exact time and location is still undetermined. According to NASA, this satellite will begin it’s decent on Friday (9/23/11) or early Saturday (9/24/11), EDT. I just hope it doesn’t land in Irving Texas. This thing is the size of a bus, weighing in at around 6-tons! So heads up everyone!!!

Satellites aren’t the only thing dropping these days. Interest rates are still at an all-time low. Consider the latest announcement from the Texas State Affordable Housing Corporation (TSAHC), an interest rate of 4.00% and a 3% grant to help with downpayment and closing costs. This new rate is effective on the Home Sweet Texas, Professional Educators, and Homes for Texas Heroes Home Loan Programs. Three different programs, all beneficial for helping homeowners purchase their first home.

One thing that up in Irving TX is the number of home sales we had in August 2011. Of the 655 SFR for sale during that month, a total of 123 closed. That’s a 10.8% increase of the month of July 2011, with 111 closed sales! Contact me for a more detailed analysis of the home sales in Irving Texas.

Satellite picture: International Business Times © 2011

It’s back to school for students in Irving TX as well as most of the DFW area. So, a word of caution please be watchful for our young ones, walking and crossing the streets. Take some adult responsibility and leave a little earlier; school zones and crosswalks will slow us down a bit. Preparing for these “slow” will help us reach our destination safe and on time.

Here’s a couple of don’ts to remember… Don’t talk on your cell phone while driving through a school zone, unless you have the appropriate hands-free accessories. The fine could be as high as $500. That’s not the way to get the school year off.

Don’t speed through a school zone; remember that it’s 20mph. The fine is around $312. Some of the students will be driving themselves to school, certainly an exciting time; but safety should always, always come first.

The Irving ISD has been preparing diligently so that our young ones can enjoy a successful school year. So as responsible parents and advocates of our communities, let’s do our part to help make this a safe a happy school year!

Brought to you by Irving TX Short Sale Specialist:

Here’s a short video I hope helps to educate homeowners around the country to seek the help they need, if they find themselves or someone they know in difficult times, struggling to make their mortgage. (Click image)

In this case, I refer to the lesser of two evils as a short sale. Not only in Irving TX, but all across this nation banks and homeowners are at the ends of this dilemma. The first "evil" being that a homeowner is no longer able to continue making their mortgage payments. Sadly, 1-2 out of every 10 homeowners is completely unable to make his/her mortgage payments, and is already in foreclosure proceedings. While, 3 out of 10 are struggling to keep up with their payments, and just a matter of time before they also face foreclosure. This average continues to grow at a phenomenal rate. Unemployment, sickness & health issues, divorce, and death are all major contributors to this crisis.

The second is that banks are forced to foreclose on certain homeowners. All across the nation, the number of foreclosures that continue to happen is staggering. These financial institutions have a responsibility to their investors… They have to “try” and recoup as much of their investment as possible, even if it’s the property itself. The last thing banks want to do is add to the “homeless” population. This only declines the dignity and values in the family circle. Great communities are built from strong family ties with “pride of ownership”, children do better in school, and this in turn causes growth.

The solution to this crisis is the Short Sale. If a homeowner is helped to “see” that selling the property may be the only solution to actually help their situation, they will be more inclined to do so. Homeowners still need to be educated on this, banks already know this. The 4 major banking institutions (BofA, Citi, and Wells & Chase) are already seeking the assistance of trained, experienced real estate agents that know how to do short sales successfully. The banks are all too familiar with the costs of doing a foreclosure. While they are willing to “take a hit” financially, all is not lost when they agree to do a Short Sale. They would much rather get something, than pay attorneys and get almost nothing.

The Short Sale Process is complex, and not recommended for every agent selling real estate. Each lender and loan type has a different set of requirements. The commitment and dedication has to be there or you could be adding to the crisis by shattering the hopes of others.

Are you ready to “step up to bat”?