June 13, 2012

Real Estate Owned – REO – Foreclosures in Bryan College Station

REO stands for Real Estate Owned which is a property that is sent back to the mortgage company after foreclosure. Foreclosure results when an owner fails to make payments on a property. The lending institution is then allowed to put the home or property up for sale in an attempt to make back some of the money lost from the former owner’s failure to pay. Wells Fargo is one of the many lenders that owns […]
May 19, 2012

Demolition and Renewal: a History of the Plaza Hotel in College Station

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 […]
May 3, 2012

Using HomePath to Purchase Foreclosed Real Estate

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 […]
November 23, 2011

Short Sales – What Kind Of Affect Will It Have On Me Now And In The Future

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 […]
November 22, 2011

After a Foreclosure How Long Do I Have to Wait to Purchase Again?

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 […]
November 22, 2011

Short Sale or Foreclosure in Bryan College Station Tx Does It Really Matter to Me Part 2

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 […]
November 18, 2011

Bryan College Station Foreclosure Specialist Helping Homeowners Avoid Foreclosures CDPE

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 […]
November 18, 2011

Short Sale or Foreclosure in Bryan College Station Does It Really Matter?

Short Sale vs. Foreclosure Which is Better for the Homeowner? So if you know someone who is behind on their home mortgage loan in the Bryan College Station area and you want to give them advice on which is better – a Short Sale or a Foreclosure.  Hate to say it but there is a HUGE difference long term.  Over the next few posts we will compare the two and see how much a difference […]
November 18, 2011

Certified Distressed Property Expert in Bryan College Station Texas

    Susan Hilton – CDPE Certificate YEA I did it! I completed the Certified Distressed Property Expert course so Century 21 Beal, Inc. can do an even better job helping the homeowners of Bryan College Station, Texas not have to go through the process of a Foreclosure and having a Foreclosure haunt them for life.  Even though I have been working with sellers avoid foreclosures for decades I had never taken the time to […]