Established along the banks of the Colorado River, Austin has been well resourced township for the best part of a century. Recently noticed to be one of the most progressive cities in America, she certainly boasts sound fundamentals that lend themselves to expansion. The demographic of Austin has resulted in a highly skilled population. With [...]
Austin is fortunate to have a definite culture of scholarly excellence within its realms, and yet part of the legacy it has inherited from a global financial crisis is the repressing unemployment as businesses still experience difficulty in an economy that has merely showed signs of slowing its regression. Some of Austin’s largest employers have [...]
Austin has a history of eclectic culture, mostly attribute to its academic influence from the large contingent of academia that resides there. Additionally, a number of high technology corporations have relocated to Austin in recent years, and so in this respect it may be a city comparable to San Jose’s Silicon Valley. Historically, Austin has [...]
The property climate is offering unprecedented value to investors. With lenders willing to accept a lower amount as full payment of the greater, borrowers are afforded a rare opportunity to exit a poor investment, and subsequent buyers are in a historically sound position. Processes such as the short sale allow enormous discounts on price to [...]
To qualify for a short sale in Austin the borrower must be able to show the lender that sufficient hardship has been experienced as to justify the lender accepting an amount lower than the balance outstanding. Invariably this occurs after a property is said to be ‘underwater’, where all equity has been extinguished after a [...]
The mortgage crisis began in late 2006, with the bursting of the property bubble created by sub-prime lenders. Not only were these lenders supporting property investment, but keen as they were to attract borrowers, that many extended credit to those unable to satisfy the conditions of the agreement. As quizzical as this may be, the [...]
Travis County has recorded a total of 754 foreclosure postings in March as a result of which, Austin has recorded in excess of 1,400 foreclosed homes. In 2009 as well, Travis County had recorded high monthly as well as quarterly foreclosure postings and it seems that 2010 is not going to be any different. In [...]
There is good news for those planning to relocate to Austin and bad news for existing home owners of Austin. The real news is that Austin foreclosures have jumped by almost 23%. The total number of foreclosed homes as on March 30, 2010 is 1,114 homes and there are almost a total of 8,134 homes [...]
