Short Sales and Foreclosures Explained

The Wall Street Journal posted a good article explaining the differences between short sales and foreclosures. They're good deals, but they're not for the faint of heart. The frustration level get turned up to 11 for a lot of folks and would-be-buyers.

Lock your rates if you can

Just ran across this on one of the mortgage blogs I'm reading. It'd be a good time to contact your lender today.

Open Houses in Dallas this weekend

Here is a list of every open house that was entered into MLS for this weekend in Dallas. The list is sorted by the time the property is open and not by geographical location perse. Here's the list. Have a good weekend!

New Construction in Dallas is in the ditch.

Well, pre-owned homes don't have it as bad as the builders do these days. Sales are down 30% for 2008 per the Dallas Morning News. Several builders have gone under recently. If you've moved into a new home recently and that builder has ceased operation, then you might want to make sure your warranty is still in place.