Archive for the 'Foreclosures' Category
As Market Picks Back Up, So Do Homebuilders
February 11th, 2009 categories: Foreclosures, Market Trends, The Realtor's Life
As the real estate market picks back up, so does the progress on new home building. Crowley construction is nearing completion on two if its custom builds, 3515 Matoska Ridge and 303 Timber, and if you haven’t stopped by lately to take a look at either of these, it’s about time you did.
The house on 3515 Matoska is a beautiful farmhouse style home set on 1.27 wooded acres in Indian Lakes. The house is painted both inside and out and the installation of the flooring is nearly complete. Many of the appliances and amenities have already been installed, such as the custom light fixtures, master tub and granite countertops, with the rest of the appliances to be installed soon.
303 Timber is a one of a kind build in the College Station Historic District, featuring huge covered patios, a flexible floor plan and wide open rooms that make this house perfect for entertaining. The exterior was just finished being painted, and the interior will be done within a week. This floor plan is completely unique and if you have not seen it since
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Postive Spin
January 5th, 2009 categories: Buying Real Estate, Commercial real estate, Foreclosures, Investment Property, Land & Rural, Market Trends, Real Estate News, Selling Real Estate
BRYAN, TX -- Gosh, ever since the election, the media seem happier about the war on terror in Iraq, the outlook of our economy, and spending of consumers. Is it all based on the results of the election? Or is it a figment of our imagination? See how saavy you are on the economy in our neck of the woods, based on an article from Texas Realtor Magazine, October 2008: 1. What percentage of all Texas homes are financed by subprime loans? a. 1% b. 8% c. 17% d. 33% 2. True or False? Average interest rates for a 30-year fixed mortgage are about what they were 5 years ago. 3. T or F? In 2007, homes priced $500k+ represented a higher percentage of the total homes sold in Texas than any previous year. 4. Of 44 Texas markets, how many had lower median sales prices from January-June 2008 compared to the same period in 2007? a. none b. 11 c. 22 d. 33 5. How many Texas markets had more home sales in June 2008 than June 2007? a. 22 b. 9 c. 3 d. none 6. In CNBC's 2008 ranking of state economies, Texas came| Discussion: Your Comments Please »
How to get rid of PMI - Part One
December 2nd, 2008 categories: Buying Real Estate, Foreclosures, Home Improvement & Design, Real Estate News, Selling Real Estate
No I didn't say PMS. If I knew that, then I'd be a millionaire. PMI - your Private Mortgage Insurance protects your lender in case if a borrower defaults on the loan, and the value of the home is lower than the loan balance. [caption id="attachment_1879" align="alignright" width="150" caption="Home Equity and PMI"]
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PMI has been a large money-maker for the mortgage lenders. The amount of the insurance (usually $40/month for a $100k home) is commonly rolled into the mortgage payment. Given the size of the overall note payment, this additional fee is often overlooked. Homeowners continue to pay the PMI even after their loan balance has dropped below the original 80% threshold. This occurs naturally, of course, as the home owner pays down the principal on the loan. On a typical 30-year loan, however, it can take many years to reach that point.
Lenders were under no obligation to tell home owners when they had reached a point where the PMI can be dropped. That all changed back in 1999 when the Homeowners Protection Act took effect. In most cases, this law now
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Taking a Stand Against Foreclosures
October 9th, 2008 categories: Foreclosures
The mortgage foreclosure epidemic has been taking thousand of families who can no longer afford to pay their mortgage and putting them out on the streets. But what about the families who are still making their monthly payments, do they deserve to be thrown out too? In apartment complexes all across the country, good tenants, who have never so much as missed a payment, are being evicted from their apartments because building owners have fallen behind on their mortgage payments. Fair? Illinois sheriff Thomas J. Dart doesn't think so, and is now refusing to evict good tenants from their homes, calling it "insane". Get all the details here and decide for yourself whether these people deserve to be out on the streets.
If you have any question, feel free to contact me anytime at rclaylee@yahoo.com or 979-255-1839
Clay Lee
College Station’s #1 Luxury
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Mortgage Problems in College Station or Bryan?
August 28th, 2008 categories: Foreclosures, Selling Real Estate
Behind in your home mortgage payments in College Station or Bryan? Why do people wait to let a Realtor
help?
I find it difficult to understand why home owners who find themselves behind in the home mortgage payments wait and don't contact a Realtor for help before they lose their homes to foreclosure. We see if over and over and I find it terribly sad.
If a home owner will contact a Realtor when they find they are getting behind on their mortgage payments a Realtor can help. There are options! (more...)
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Foreclosure Home for a $1.00?
August 13th, 2008 categories: Foreclosures, Investment Property, Market Trends, Real Estate News, Real Estate True Tales
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