Archive for the 'Foreclosures' Category
Texas Foreclosures Stopped- How Will This Affect Bryan College Station?
October 6th, 2010 categories: Buying Real Estate, Foreclosures
The Texas Attorney General has sent a demand letter to lenders asking that they “suspend all foreclosures, all sales of properties previously foreclosed upon, and all evictions of persons residing in previously foreclosed upon properties." What does this mean for Bryan College Station foreclosures or even the country? Does this mean that people who do not or cannot pay their house payment can stay in their homes? Does this mean that the banks (you & me) pay for their homes? When will this be resolved? Sure wish I knew the answers! The Texas Association of Realtors put out a FAQ to give us a little more information about what this all means. Hope it is resolved soon! Susan Hilton CENTURY 21 Beal, Inc. 979-764-2100 College Station Foreclosure Specialist Bryan Foreclosure Specialist Bryan Homes for Sale College Station Homes for Sale Real Estate Education Career in Real Estate with Century 21 Beal Career in Real Estate in Bryan College Station| Discussion: Your Comments Please »
Avoid Foreclosure-Prevention Scams in College Station/Bryan
June 17th, 2010 categories: Foreclosures
With mortgage delinquencies across the nation at an all time high, many desperate homeowners are seeking to avoid foreclosure at any cost. The problem is, there are plenty of scam artists out to take advantage of that fact. For scam artists, this high level of foreclosures is seen as an opportunity to profit off of others' misfortunes. Between October 2009 to April 2010, community development groups handled over 10,000 reports of foreclosure-prevention scams. (more...)| Discussion: Your Comments Please »
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 the drywall went up, you will hardly recognize it! These great custom builds, priced at $699,900 and $600,000 respectively,...| Discussion: Your Comments Please »
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. 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 obligates lenders to terminate (more...)| Discussion: 1 Comment »
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 [email protected] or 979-255-1839 Clay Lee College Station’s #1 Luxury Lifestyle & Real Estate Expert for over a Decade!| Discussion: 1 Comment »
