Fantastic home in Leander! Priced to sell. Reduced to 159,900.00 Over 1900 sq. ft. wood floors,huge pantry,center island in kitchen, privated yard, with over 17 trees, and beautiful oaks. 3 beds plus executive office down stairs.

SPORTS

9/4, 7 am First Swim Wave
Capt’n Karl’s Run: The Lake - 60K, 30K & 10K
Marble Falls
http://www.redlicoriceevents.com/events/Cougar_
Country_Classic_5k_2010.html

9/6, 7 am Olympic distance race start
The Austin Triathlon
Austin
http://www.theaustintriathlon.com

9/11, TBA
Speak Up For Kids CASA 5K and Children’s 1K
Marble Falls
http://www.casa5k.org/kingsland

9/12, 8 am
Got Guts 5K Run
Austin
http://www.gotguts5k.org

9/15, 7 pm
UFC Fight Night Live
Frank Erwin Center, Austin
http://www.uterwincenter.com/events/index.html

9/18, 8 am
Vern’s No Frills 5k - Race #18
Georgetown
http://www.runtex.com/web/2-3134.asp

9/18
Roller Derby
Doors open @ 6 pm | Bout starts @ 7 pm
Calvello Cup Championship Bout Convention Center, Austin
http://www.txrd.com/schedule.php

9/25, Time TBA
Focus on the Future- Family 5k/1k Run
Austin
c

9/25, 8 am
PurpleStride Austin - 5K
Bee Cave
http://www.runtex.com/web/2-3139.asp

Round Rock Express Schedule
Minorleague Baseball
http://web.minorleaguebaseball.com/schedule/
index.jsp?sid=t102

Austin Aztex Soccer Games
Visit web site for schedule
http://www.austinaztex.com/schedule/calendar

Longhorns Football
Visit web site for schedule
http://www.mackbrown-texasfootball.com

http://www.gracytitle.com/e-flyer/8x8/Football/Big12FootballSchedule_2010/
2010FootballSchedule.pdf

FESTIVALS AND EVENTS

9/2
First Thursday
First Thursday is a popular monthly event that takes
place along South Congress in SoCo Shopping district
http://www.firstthursday.info/

9/2, 8 am - 10 pm
Southern National Archery Festival
Travis County Expo Center, Austin
http://www.co.travis.tx.us/exposition_center/default.asp

9/3-5, Visit website for schedule
Kerrville Wine & Music Festival
3876 Medina Hwyunstarred, Kerrville
http://www.kerrville-music.com/wine_schedules.htm

9/7-12
Austin Gay and Lesbian
International Film Festival
Throughout Austin
http://www.agliff.org

9/11-12, schedule TBA
Diez y Seis Celebration
Fiesta Gardens Park, Austin
http://www.diezyseis.org

9/17-18, schedule TBA
Up the Chisholm Trail Cattle Drive and
Chuckwagon Cook-off
San Gabriel Park, Georgetown
http://www.upthechisholmtrail.org

9 / 18, 11 am - 5 pm
B.Y.D.E.E. Art Festival
Elizabeth Milburn Park, Cedar Park
http://www.cedarparktx.us/cp/page329102925.aspx

9/25-26, 11 am -10 pm
Old Pecan Street Arts Festival
E. 6th St, Austin
http://www.oldpecanstreetfestival.com

ART AND CULTURE

9/10 - 10/2, 8:00 pm - Fridays and Saturdays
The Taming of the Shrew
The EmilyAnn Theatre & Gardens
Wimberley
http://www.emilyann.org

9/10-11, 8 pm
André Watts, piano
Long Center for the Performing Arts, Austin
http://www.austinsymphony.org

9/19, 12 - 5 pm
Museum Day
Austin Museum of Art, Austin
http://www.amoa.org/site/PageServer

9/24 -10/17
Friday and Saturday 8 pm, Sunday 2:30 pm
Seven Brides for Seven Brothers
Wimberley Playhouse
http://www.wimberleyplayers.org

9/24 - 10/31
Fri & Sat at 7:30 pm and Sun at 2 pm
Rodgers & Hammerstein’s Cinderella
The Georgetown Palace Theatre
Georgetown
http://www.georgetownpalace.com

MUSIC

Every Wednesday
98.1 KVET’s FREE Texas Music Series
9/1 – Jason Boland & The Stragglers / Bill Rice
9/8 – Randy Rogers/Rich O’ Toole
9/15 – Honeybrowne/Jeremy Steding
9/22 – Micky & The Motorcars/Midnight River Choir
9/29 – Kevin Fowler
Hill’s Cafe, South Austin
http://www.texasmusicseries.com/main.html

9/2, doors @ 5 pm
The Happen-ins & The Sour Notes
La Zona Rosa, Austin
http://www.lazonarosa.com

9/3, doors @ 7 pm
Rodrigo y Gabriela With Bobby Long
Stubb’s, Austin
http://www.stubbsaustin.com/music_home.html

9/4, doors @ noon
Red Dirt Festival
The Backyard, Bee Cave
http://www.thebackyard.net/calendar-concerts-bands.aspx

9/9, 12 am - 2 am
Maxwell Eaton & The Gold Tooth Players
Momos, Austin
http://www.momosclub.com

9/17-18, doors @ 7 pm
Citizen Cope 2 Nights
Stubb’s, Austin
http://www.stubbsaustin.com/music_home.html

9/19, doors @ 7 pm
Bullet For My Valentine
With Escape the Fate and Black Tide
Stubb’s, Austin
http://www.stubbsaustin.com/music_home.html

9/20, doors @ 7 pm
Smashing Pumpkins
With Bad City. Tickets on-sale now
Stubb’s, Austin
http://www.stubbsaustin.com/music_home.html

9/23, doors @ 7 pm
Pepper With Shwayze and Pour Habit
Stubb’s, Austin
http://www.stubbsaustin.com/music_home.html

9/23, doors @ 7 pm
Serj Tankian
The Backyard, Bee Cave
http://www.thebackyard.net/calendar-concerts-bands.aspx

9/24, doors @ 8 pm
Sharon Jones & The Dap-Kings
La Zona Rosa, Austin
http://www.lazonarosa.com

9/25, @ 6:30 pm | Show @ 7:30 pm
Stone Temple Pilots
with Black Rebel Motorcycle Club
& TAB the Band
The Backyard, Bee Cave
http://www.thebackyard.net/calendar-concerts-bands.aspx

www.BankOwnedHomesAustin.com

We will send you homes that match your criteria on location. There are some incredible deals right now and there are now loan programs to help you streamline the process and get these homes in great shape. Fix and Flip or Fix and stay.

Green Belt

Kitchten w/ center island

Backyard Deck w/ views

Gameroom

All Bedroom Upstairs

A must see for the price. Come Visit us tomorrow. Call 512-779-5682 for details.

Come see us Saturday 8/14 !

http://www.cedarcreeklakefront.com/Cedar_Creek_Lakefront/Welcome.html

Greenbelt view,pride of ownership shows. Preinspected home with repairs completed.Charming home in great established community! Kid friendly neighborhood community park a few houses down, great floor plan, natural lighting & window treatments.Kitchen features a center island, black appliances, & is open to family room. Garden tub in master bedroom, all bedrooms upstairs, huge storage downstairs. Favorite features include game room, outside deck to view countryside, square footage, and huge kitchen area.

Beautiful & Cozy home-Unique to the neighborhood b/c of its charm & special features-front porch,high grade wood floors,carpet & tile,giant live oak in front to add curb appeal.17 Oaks & Elms in the backyard oasis set up for relaxing & entertaining.Complete w/ a recently dialed in hot tub & relaxing water feature.New paint brings warmth to the 3 bedrooms upstairs,office,2-1/2 baths.No others like this beautiful home which offers more curb appeal & special features in this quaint subdivision.New roof also.

Directions:

183 NORTH, RIGHT AT CRYSTAL FALLS PKWY, LEFT AT CR 273, RIGHT ON MEADOW VIEW DR, IMMEDIATE LEFT ON TANGLEWOOD DR, RIGHT ON SPRINGBROOK LN, HOUSE WILL BE ON LEFT.

Congress has sent President Obama a plan to give home buyers an extra three months to qualify for up t0 $8,000 in federal tax credits. Buyers who already have signed contracts will now have until Sept. 30 to complete their purchases. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale. The House approved the measure on Tuesday. Legislation in the Senate was approved Wednesday night by unanimous consent.

Greenbelt view,pride of ownership shows. Preinspected home with repairs completed.Charming home in great established community! Kid friendly neighborhood community park a few houses down, great floor plan, natural lighting & window treatments.Kitchen features a center island, black appliances, & is open to family room. Garden tub in master bedroom, all bedrooms upstairs, huge storage downstairs. Favorite features include game room, outside deck to view countryside, square footage, and huge kitchen area.

Austin Business Journal - by Jacob Dirr Staff Writer

FHA plans to halve mortgage loan's 6% seller concession this summer

By Kenneth R. Harney

Saturday, May 29, 2010; E01

One of the key attractions of FHA mortgage financing is going, going -- but not quite gone. Sellers and buyers who move fast can still make the most of it.

Sometime this summer, the Federal Housing Administration plans to slash maximum "seller concessions" from 6 percent of the home price to 3 percent. Seller concession rules allow buyers to look to the property seller to pay for some services and taxes connected with the transaction -- loan origination and local transfer fees, appraisals, inspections, closing and escrow costs, among others -- though not the down payment.

Say you're buying a $200,000 house. If you are using FHA financing under current rules, you can structure the contract so that the seller agrees to pay at settlement all closing costs and even the cost of some needed repairs, up to 6 percent of the price, or $12,000. On a $400,000 house, allowable concessions go to $24,000. That's huge, especially if you have to struggle to come up with a 3.5 percent down payment and you're not sure where you'll find the closing and repair money.

Contrast that with using Fannie Mae or Freddie Mac conventional financing, in which seller concessions generally are limited to 3 percent. For many buyers, the extra negotiating flexibility built into the FHA program makes the choice of programs a no-brainer.

When FHA officials announced the policy change this year, they said the long-standing 6 percent maximum "exposes the FHA to excess risk by creating incentives to inflate appraised value." That would occur when sellers agree to pay buyers' closing and other expenses but merely tack on those costs to the final sale price of the house. Rather than agreeing to a $200,000 price as in the example above with $12,000 worth of concessions, the final contract price of the house would be $212,000.

If an appraiser did not detect and report the price boost, FHA would be insuring a mortgage on a house worth less than the sale price. In fact, because the rules allowed a 6 percent seller concession and the down payment was 3.5 percent, FHA would be insuring an underwater loan from the start. To limit further possible losses, FHA decided to cut the concessions limit in half.

In its announcement, the agency said the change would occur in "early summer" after publication of a Federal Register notice and a public comment period. But Lemar C. Wooley, an FHA spokesman, confirmed May 19 that there has been no Federal Register announcement.

Since public comment periods frequently run for 60 days, followed by a review period, it appears that any start date for the concessions change has slipped to late summer at the earliest. Wooley said in an e-mail that "early summer may be stretching it, but I'm told that we do still expect it this summer."

Why does the timing matter? Whatever you might think of FHA's existing seller-concession rules, the fact remains: Concessions of 6 percent are still allowed and will be until FHA announces they're not. Buyers and sellers who have a legitimate need to build concessions into their contracts can still do so, but they need to know that the clock is ticking.

Smart real estate agents and mortgage loan officers are putting out the word: If a home sale deal needs the 6 percent FHA feature, get the contract put together as fast as possible. Abbie Higashi, national designated broker for ZipRealty of Emeryville, Calif., said that she fully understands and supports the FHA move but that until the change takes effect, agents should "do the deals now" if more than 3 percent concessions would help the sale go through.

Paul Skeens, president of Colonial Mortgage Group in Waldorf, said he is advising loan applicants to request a "good faith estimate" upfront that provides for the seller to pay 100 percent of closing costs and prepaid fees "so that in cases where the buyer doesn't have much more than the down payment, that's the only cash they'll need to close" on an FHA loan before the policy change.

Skeens said he would prefer that the FHA adopt a "sliding-scale" approach to concessions, with higher concessions allowed on lower-priced homes, and the lowest concessions allowed on high-priced properties. Because closing and loan expenses generally represent a larger percentage of the total transaction on lower-priced houses, he thinks the new 3 percent rule across the board "will have a much heavier impact on the people FHA traditionally has served," who are buying modestly priced houses and have limited cash.