A short sale is the sale of real estate in which the sale proceeds fall short of the balance owed on the property. It generally occurs when a borrower cannot pay the mortgage loan on their …
Texas Lease Option Law – HB1823 – Update
There have been a lot of people requesting more information on the lease option law that was passed recently here in Texas. For the people (like me) that like to understand all the details of …
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Real Estate Fraud / Scams
These articles remind me of three things. 1. Make sure you regularly consult your attorney to ensure you are following the law - things change often and you never know when you might inadvertently …
$250,000 Tax Free – Capital Gains Exclusion
How do you make $250,000 - $500,000 and never pay taxes? The IRS has setup a great way for you to take up to $500,000 in TAX FREE gains on the sale of your personal residence. If own a property, …
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Lease Option Law Signed – TEXAS
Friday, Governor Perry signed into law House Bill 1823 which makes it nearly impossible to do a lease option in the state of Texas (see previous post). We are currently investigating ways around …
House Bill 1823 – Lease Options in Texas
-------------------------------UPDATESee THIS POST if you are looking for more information - this law was signed.--------------------Texas House Bill 1823 has passed the the full senate and is now on …
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