3 Bedroom Downtown Dallas Townhome For Sale Or Lease With Owner Financing. $324K. Lease At $2,200 Monthly.

Located literally a couple minutes from downtown Dallas, Uptown, the Dallas Arts District, and the Baylor Hospital and medical center, this 3-level townhome features 3 bedrooms, 3.5 baths, and a rooftop deck. The rooftop deck overlooks the neighboring greenbelt and jogging trail at Exall Park and allows 360 degree views of the city of Dallas.

Floors are hardwoods, marble, and berber carpet, while granite counter tops, stainless appliances and 42" wood cabinets detail the kitchen. The professional series fridge is included along with a full-size washer and dryer, and a 42" Plasma TV with 5-speaker surround system.

The master bath features a jetted tub for two and a huge walk-in closet. The garage and rooftop decks are each painted with special coatings which make cleanup a snap.

For more information and photos, visit www.t2realestate.com, or call Troy Corman at 214.690.9682 to arrange a viewing.

Dallas Home Prices Up 1.4% Over Last Year In Latest Case-Shiller Home Price Index

By Troy Corman, t2realestate.com

The latest S&P/Case Schiller Home Price Index was released today January 26, which reflects the statistics from national home prices during November 2009. The Index measures residential housing prices in 20 metropolitan regions in the U.S.

Dallas posted a 1.4% increase in average home prices that were recorded from homes sold in November compared to November 2008. Three other cities also posted increases.

Although home sales were sluggish in December following the original deadline for the government tax refund, home prices are likely to stabilize or increase as we approach the revised home purchase contract deadline date of April 30, 2010. You must have a signed, executed contract by that date. Also, income limits have been relaxed to allow singles with incomes up to $145K to receive a refund, while couples filing jointly are eligible with incomes up to $245K.

In addition, if you have lived in your current home for 5 years, you can also qualify for the $8,000 tax refund. With rates near historic lows, and home prices at affordable levels, now is a great time to buy. So stop making the landlord rich!

Search DFW homes now at dallashomes2buy.com

Set Up Your Own Automatic Home Search at Dallashomes2buy.com

By Troy Corman, t2realestate.com

t2 Real Estate LLC launched www.dallashomes2buy.com to allow users to search thousands of Dallas homes for sale. The MLS search site contains a robust set of features which allows users to save their favorite homes, set up their own auto searches and receive email alerts on changes to home listings in their search areas.

t2 Real Estate is also currently developing todayshomedeals.com. It will highlight some of Dallas' best home deals each day, and will feature daily price reductions on Dallas homes.

Todayshomedeals.com is designed to allow users to quickly view and buy discounted real estate, while providing motivated home sellers a large home buyer audience.

DFW Area Four Seasons Gets Foreclosure Notice

Wall Street Journal article summarized by Troy Corman, www.t2realestate.com

Search Dallas homes for sale at www.dallashomes2buy.com

The Four Seasons Dallas, located in Irving, Texas and home of the PGA's Byron Nelson Golf Championship received a foreclosure notice this week. The 431-room hotel was bought in 2006 by BentleyForbes Holdings LLC, which failed to make it's October mortgage payment. It seems it was hoping that the mortgage servicer, CWCapital Asset Management would revise the terms of the loan - since the hotel's cash flow isn't covering the $10.9 million interest payment.

The owners claimed that they have acted in good faith, and point out their $60 million renovation of the property since they purchased it in 2006.

The Four Seasons hotels in San Francisco and New York are also in financial trouble, as cash flows no longer cover the mortgage debt.

Commercial Real Estate Blows To Increase In 2010

American Banker article summarized by Troy Corman, t2realestate.com

Banks will face major problems with commercial real estate in 2010. For many community and regional banks, it will be their biggest headache. Many talking heads are usually referring to CMBS, or commercial mortgage-backed securities when discussing commercial real estate. But many local and regional banks hold whole loans on their books. Most of these loans have short maturities of around 3 to 5 years. And many were financed during the boom. As many commercial assets must refinance out of those loans in the next few years, the problem is that the underlying real estate has declined in value so much that it is now under water. And it's getting worse every day. Each quarter, non-performing loans and commercial mortgage delinquencies are rising.

There is nearly $40 Billion in problem commercial real estate loans but only $5.8 Billion in commercial REO, or properties banks have seized through foreclosure. Unfortunately, the problems are accelerating.

Sooner or later, someone is going to have to pay the piper, and let's hope it's not the American taxpayer again. For those with access to capital and real estate investing expertise, the next few years will mark a golden opportunity.

First Look Program Allows Owner-Occupants 15 Days To Bid On Fannie Mae REOS.

By Troy Corman, t2realestate.com

Fannie Mae has implemented it's "First Look" initiative to allow owner-occupants a chance to buy Fannie Mae foreclosures the first 15 days they're on the market. Investors and those not intending to live in the home can only make an offer after the first 15 days have passed.

Fannie Mae is also allowing owner occupant buyers up to 45 days to close, 15 days more than normal. The First Look initiative is intended to help owner-occupant buyers and low-income buyers.

This initiative will probably help a few buyers but it will undoubtedly slow down the foreclosure purging process that needs to take place. The sooner we can purge the foreclosures, the sooner ALL home owners can benefit.

Meredith Whitney On The Banks And Dramatically Rising Mortgage Rates.

Posted by Troy Corman, t2 Real Estate

Banking analyst Meredith Whitney doesn't expect bank lending to loosen any time soon. Personally, I've been having a heckuva' time going through a refinance. She expects mortgage rates to go up at least 10%. So lock in low rates now. Tight lending should fuel great housing deals for the remainder of 09 and 2010. Meredith Whitney was the first banking analyst to call the problems at Citi Group and other banks before the official bust. See her sobering outlook in the video below.