Proposition 5, which will be up to voters in November, would let Texas seniors use reverse mortgages for purchasing new residences. Proponents say that hundreds of thousands of people could benefit from the measure. But some observers warn that if the amendment passes, seniors shouldn’t assume that a reverse mortgage is their only option when buying a new home.Full Story
The Texas Association of Realtors is an advocacy organization that lobbies for the real estate industry. It has 89 local affiliate associations over 16 regions. The group claims to be the largest professional membership association in Texas with 80,000 members.
The group says its mission is "to empower its members to influence government, promote private-property ownership, obtain and exchange ...