Texas Bankruptcy Laws

Mortgage Express reveals ten years of BTL growth (Mortgage Introducer)  On Saturday 8 July, Mortgage Express celebrates ten years of offering buy-to-let mortgages.read more...


Toll Bros. Home Building Revenue to Fall   Toll Brothers Inc., the nation's largest builder of luxury homes, said Thursday that it expected its first-quarter home building revenue to fall by 19 percent, signaling that the housing market


What to Expect in the 2007 Housing Market  Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery is likely this year, according to the latest forecast


2 big Phila.-area banks planning more job cuts (Reg Req'd)  Two of the biggest banks in the Philadelphia region are cutting jobs to stay attractive for investors in the face of rising expenses and tough competition.read more...


Why Were Mortgage Warnings Ignored? (ABC News)  The Freddie Mac warning wasn't the only mortgage prediction to be dismissed. read more...


Interest Rate Hikes May Keep Pushing Up Borrowing Costs  If you need a loan, it's likely to cost more in the months ahead if the Federal Reserve raises short-term interest rates.read more...

January 10th, 2008

Between Concessions and Commissions, a Murky Kind of Math

Q: We engaged a real estate broker to sell our house. The listing agreement obligated us to pay a 5 percent commission based on the sales price. The broker found a buyer, but to get him to sign the contract, we agreed to give a 3 percent “seller concession.”


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