I just posted an article from RISMedia on AustinMarketInfo.com -- a brief panel discussion of the prevalence of short sales and other alternatives to foreclosure in today's U.S. real estate market:
While the Austin/Central Texas area has been spared to worst effects of the recession and housing crisis, we have seen an increase in mortgage defaults and distressed properties here as well. (See Is the mortgage crisis ending? and Foreclosures -- a quick footnote.)
I have been involved with short sales for years, and despite overtures from the federal government and major mortgage lenders, the process has not gotten easier to understand or to execute. If you are having trouble keeping up with your mortgage, don't wait until it's too late. I know this may be a difficult thing for you to discuss, but review
and call me soon!