Ft Bliss – EL PASO | Relocation Realtor | Luxury Homes

The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration.

The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration.

President Obama announced he was ordering the U.S. Attorney General to create a “Financial Crimes Unit,” its number one task being to go after the banks for faulty mortgage originations and securitizations.

President Obama announced he was ordering the U.S. Attorney General to create a “Financial Crimes Unit,” its number one task being to go after the banks for faulty mortgage originations and securitizations.

After several largely ineffective programs to help troubled borrowers and after fruitless attempts at budging the hard-line conservator of Fannie Mae and Freddie Mac, President Obama is proposing a brand new refinance program for borrowers who are current on their mortgages, regardless of who owns their loan; the catch is that this one has to go through Congress.

As a Texas Tenant you have tenancy rights which include the right to live in a home that is in good working order. If you have been calling for repairs without success then it is time to change strategies. Try using the following notice and send it pursuant to Texas Property Code law, by certified mail RRR. You should get an immediate response. If not, then you have documented proof that you have given notice and you can use it to pursue your rights in court. You should always consult with your attorney when you encounter any real estate matter.

Provided courtesy of Russell-Realtor.com, El Paso’s premier Realtor practicing Commercial and Residential Real Estate since 1994.

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If the theme of tonight’s State of the Union address is fairness, then President Obama would be wise to steer clear of housing; most of the proposals to fix the nation’s still struggling real estate market are intrinsically unfair to a large majority of Americans.

The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors in and sell them these properties at bulk discounts.

The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors in and sell them these properties at bulk discounts.

If there is a deal, beyond the politics, it could have a larger effect on the state of the housing market and its recovery.