Foreclosures Category
Almost every Bryan/College Station resident would admit to driving past the abandoned Plaza Hotel occasionally in their weekly routine, if not daily. The seventeen story concrete shell stands at the intersection of Texas Avenue and University Drive, arguably the two busiest streets in the whole city. And after 6:30am on Thursday, May 24th 2012, this once pivotal structure will be reduced to nothing more than a pile of shattered concrete and useless rubble.
If you’ve driven through the city of College...Continue Reading!
There is no great wonder regarding the effects of the nation’s latest mortgage crisis both in Bryan College Station, Texas and the nation as a whole. Loans were left unpaid, and homes were abandoned as banks and the government foreclosed on them. The question is: what became of all those homes that various banks confiscated? With all the lost finances and the economic downturn, there has got to be a stockpile of these homes just waiting to enter the market...Continue Reading!
If you are living in an area that has many "Short Sale" home sales occurring (and foreclosures) this is certainly affecting the value of your Real Estate. When there is a "Short Sale" the lien holders allow the owners to sell their home for less than what is owed and in many cases for less than current market value. As you can imagine this lowers the market value. During this process the market value will be driven lower. This will continue...Continue Reading!
After a foreclosure in Bryan/College Station, Tx how long do you have to wait before you buy another home using Fannie Mae's money? Wait.... did you ever borrow money from Fannie Mae in the beginning? Who is this Fannie Mae?
After a foreclosure Fannie Mae is telling us that you will normally have to wait 7 years before you can purchase another home using money from Fannie Mae. (See chart) Of course if there are extenuating circumstances (who knows what those...Continue Reading!
In the previous post Short Sale or Foreclosure in Bryan College Station - Does It Really Matter Part 1 short sales and foreclosures were defined and many future issues were discussed. Part 2 is a continuation of that post.
What else needs to be considered when deciding whether to let a house go back to the bank through foreclosure or if a short sale is the best option.
Future Employment - Credit checks are often done by employers. Remember the...Continue Reading!
SUSAN HILTON Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclosure
College Station, Tx – November 16, 2011 – SUSAN HILTON of CENTURY 21 BEAL, Inc. of College Station, Tx has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by HILTON will help...Continue Reading!
Demolition and Renewal: a History of the Plaza Hotel in College Station
