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Third Party Financing Approval in TREC Contracts

Last month’s Legal Topics article, “Timing is Everything: Setting Realistic Deadlines in Contracts,” has given rise to some confusion regarding what constitutes loan approval in the TREC contract forms. Third Party Financing Approval in TREC Contracts will shed more light on this topic and revisit the issues of third party loan …

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December 2006 Market Report: Austin Home Sales Show Steady Growth

According to the latest Multiple Listing Service (MLS) report from the Austin Board of REALTORS® (ABoR), single-family home sales in December were higher than during the same period in 2005, capping another record year for the Austin-area housing market. "Once again, Austin's competitive cost and quality of living have helped …

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Timing is Everything: Setting Realistic Deadlines in Contracts

Real estate agents tend to push the envelope when setting time limits in contracts. There seems to be a consensus that lenders, title companies, lawyers, and other parties involved in a transaction do not work on the closing until forced to by deadlines set in the contract. Read Timing is …

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Thoughts on Listing Agreements: Making Property Owners Aware

When a property owner lists a property for sale with a member of Austin/Central Texas Realty Information Service (ACTRIS), the property owner typically signs the ACTRIS Exclusive Right to Sell Agreement (“listing agreement”). Rarely does a property owner ask to have the listing agreement reviewed by an attorney. Get more …

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November 2006 Market Report: Austin Home Sales Show Steady Growth

The latest Multiple Listing Service (MLS) report from the Austin Board of REALTORS® indicates that the Austin real estate market remained steady in November with record numbers posted in single family home sales and commercial sales. Single family home sales increased 6 percent from one year ago to 1,902, a …

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