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What Happens if My Builder Goes Bankrupt?

I will discuss three questions related to the bankruptcy of a home builder in What Happens if My Builder Goes Bankrupt. First, can a buyer rely upon a contract with a builder after bankruptcy? Second, what happens to funds paid to a builder in bankruptcy? Third, should a buyer consider …

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January 2008 Market Report: Central Texas Housing Market Report Shows Continued Rise in Home Prices

According to the latest Multiple Listing Service (MLS) report, the median sales price for homes in Central Texas grew 7 percent in January. Single-family home sales were lower than during the same period in 2007. “The Austin economy is strong and Central Texas consumers are financially prepared for a housing …

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December 2007 Market Report: Slower Pace for Home Sales in Central Texas as Prices Continue to Rise

According to the latest Multiple Listing Service (MLS) report, single-family home sales in December were lower than during the same period in 2006. The median sales price for homes in Central Texas grew 8 percent. “Austin area home sales and prices experienced steady and stable growth over the past few …

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Using Powers of Attorney in Real Estate Transactions

Powers of attorney are used frequently in real estate transactions. However, there is a general lack of understanding of the proper use of powers of attorney which often results in attempts to use them incorrectly or improperly. This can result in delays in closing and much angst and frayed nerves. …

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