Crossroads, TX

Another short sale closed! The sellers avoided foreclosure, the buyers purchased a nice home at a discount, and the lender did not have the losses involved with a foreclosure.

Many people feel that the nation's economy rises and falls with the housing market. While this is often true, we believe the current housing crisis is a direct result of the economic downturn and massive job loss across the nation.

In the Short Sale community, the vast majority of homeowners did not get a bad loan or buy more house than they could afford; they're just good, hardworking Americans who fell on bad times.

All indicators point to Short Sales being on the real estate horizon for the foreseeable future, at least through 2012, and maybe longer. Industry experts see another wave of distressed homeowners surfacing when the once popular Pay Option Adjustable Rate Mortgages (ARMs) begin to adjust in the coming months.

These mortgages allowed the borrower to essentially "pick a payment" that fit their budget in order to get into the house they wanted to purchase. These loans have the potential to negatively amortize and the rate will adjust upward - it's just a matter of time. Pay Option ARMs were widely used in California and will begin adjusting soon.

We encourage homeowners across the United States to get educated on the options available should they become financially distressed. Short Sales are a great tool, providing relief to all parties.

Just remember to choose a REALTOR® with a proven Short Sale track record to negotiate on your behalf. Making the right choice can mean the world of difference to your financial future.

I said it once, I will say it again, "THE real estate FORCE is strong in Cross Oak Ranch young real estate buyer." I was out there again two more times this week and I can not believe how much the area is changing. I highlighted 6 homes in the area on my "101 Best Buys" Texas Real Estate widget. You can add this widget to your Facebook, MySpace, Blog or website.

Maybe my cinematography skills will get some attention. My Predictions: Fence sitters for Cross Oak Ranch will need to raise an extra $500 to $1,500 per month to account for the amount of money that they will be losing every month that they do not make a decision. How did I come to this Cross Roads Texas conclusion for Cross Oak Ranch?

Dirt is moving on 2 new shopping centers. The new toll bridge over Lake Lewisville is under construction. New developers and builders are coming in 1 mile North and 1 mile South of the development with $250,00 to $500,000 Homes.

So why are these builders still offering homes from the $110's? I would not be surprised if after Ryland Homes and Pulte Homes and Bowen Family Homes view my report and cross references it with my Cross Oak Ranch 1st Quarter Sales Numbers that they will quickly raise prices by $10,000 across the board.

Call us today on our Cross Oak Ranch Hotline at 1-800-975-7410 x 555