The Texas Attorney General has sent a demand letter to 30 mortgage-loan servicers doing business in Texas requesting them to immediately “suspend all foreclosures, all sales of properties previously foreclosed upon, and all evictions of persons residing in previously foreclosed upon properties” until specific steps have been taken to rectify possible past errors in mortgage documents. The demand letter describes the possible future legal action the Texas Attorney General may take against mortgage-loan servicers if they do not take specific steps.
How will the demand letter sent by the Texas Attorney General affect the Spring Texas real estate market? At this juncture there is much speculation and no definitive answers. For sellers whom currently have their house on the market now this could be “Good News”. If foreclosures area suspended, there will be less competition. Less competition means higher prices.
For Spring Texas homeowners who are planning on selling in the next six months this could be “Bad News”. The amount of foreclosures added to the market at once would increase competition and drive home prices downward.
We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house was under contract in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less