Are Loan Modifications A Good Idea for Distressed Homeowners in Austin, Texas?

loan-modification-Merry-go-round

Regardless of the financial situation, many people in Austin, Texas, have faced difficult decisions regarding their housing situation since the Great Recession of 2008. Some folks saw their house payments increase due to their type of mortgage.  Others saw the value of their house decrease.  Many others suffered from an economic hardship that made paying […] Read more »

Foreclosures Are Not the Answer in Austin, Texas

Regardless of your situation, letting your house go to foreclosure is NOT a good solution. The video below by Hippie Hollow Homes owner Shenoah Grove details why foreclosures are not a good option for home owners in Austin, Texas. Foreclosure is an ‘atomic bomb’ to credit scores; it cuts the deepest and its negative impact lasts the […] Read more »

Foreclosure Options For Homeowners in Austin, Texas (Infographic)

foreclosure options for homeowners in austin, Texas

While the housing market has picked up in most parts, including Austin, Texas, it doesn’t mean that everyone is doing well.  There are still several homeowners that want to sell their house fast but cannot for a variety of reasons.  Some of those reasons include property repair, no equity, negative equity, etc… At Hippie Hollow […] Read more »

7 Options To Consider When Facing Foreclosure in Austin, Texas

While the economy in Austin, Texas, is better than most other states, it doesn’t mean that there still aren’t distressed home owners who are looking to sell their house fast. But what options do you really have? I’m not going to insult your intelligence with solutions like ‘pay off your mortgage in cash’ or ‘refinance’. […] Read more »

Why Short Sales Are Better Than Foreclosures

short sale austin texas

When a lender agrees to accept less than the total amount due on a property, they are agreeing to a short sale. The bank takes a discount on the on the original mortgage note in order for the property to be sold. This process can take a long time since negotiation is needed to agree on […] Read more »

Austin Foreclosure Rate Continues To Drop

Austin Foreclosure Rate Dropping

Further proof that the Austin, Texas economy is in better shape than the rest of the country’s can be found in the fact that, according to the Austin Business Journal, the Austin foreclosure rate continues to drop.  Here’s a brief snippet of the report: Among outstanding mortgages 1.03 percent of them were in some stage […] Read more »

July Home Sales Report for Austin Texas

Home Sales Report for Austin, Texas

Home Sales Report for Austin, Texas There is good news and bad news in this months Home Sales Report for Austin, Texas real estate. The good news is that Austin area home sales are up for the month of July! This means that fellow Austinites bought more homes in July than they did a year […] Read more »

Can I Sell A House with a Lease Option in Texas?

Lease Option Is NOT an Option in Texas The Lease option used to be the ‘go to’ strategy for selling their house if the seller had little to no equity.  However, thanks to the Texas State Legislature, which despite only meeting every other year still manages to create inane rules and laws, the ability to […] Read more »

What is a Loan Forbearance?

Forbearance

Should I Pursue a Loan Forbearance? There is so much written in the media today about loan forbearance plans and loan modifications that many homeowners mistakenly consider these items as actual alternatives.  Quite frankly, I shy away from loan mods and loan forbearance plan because while they sound good in theory, in reality, they are […] Read more »

What Does Shenoah Grove Know About Real Estate?

About Shenoah Grove and Hippie Hollow Homes Anytime you are a consumer looking to buy and sell a house, or even if you’re looking to get into real estate and seeking a coach, mentor, or broker, the first question you should ask this person is ‘What do you know about real estate?’.  At Hippie Hollow […] Read more »