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

Getting Started On A Short Sale In The Brazos Valley

When a short sale is your only option there are are some guidelines you need to follow and specific people you need to talk to. The lender/loan servicer needs to be contacted as soon as possible. When there is a situation that the payments have not been made towards the mortgage for a significant amount of time and/or there has been a Notice of Trustee Sale recorded, there is more difficulty when trying to complete […]
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 3, 2011

We BUY a HOME and Lose the HOUSE to Foreclosure in Bryan College Station, Tx

Working with buyers and sellers of the Brazos Valley I have learned that we BUY HOMES but when we lose them to foreclosure they are now just HOUSES.  We want to move into a HOME for our families but when times get tough and someone gets behind on their home mortgage the bank only considers it a house – an asset. So, if you have gotten behind in your home mortgage and you have not […]
November 3, 2011

Are You Behind on Your Mortgage Payment in Bryan or College Station, Tx?

Are you behind on your mortgage payments? Do you know someone in Bryan or College Station, Tx who is? Do you know what happens next? Since going through a foreclosure is one of the most traumatic things that can happen with a family, outside death or illness, if this can be prevented let’s choose THAT option! Bank of America has published a Home Transition Guide to help provide specific instructions on how to go through […]
November 20, 2010

Vacant Homes in Bryan College Station – Insurance Coverage?

Is your home vacant? If you are a seller or landlord in the Brazos Valley and your real estate is vacant, be sure to talk with your  insurance agent. Will your homeowners insurance still cover your house if it is vacant and there is damage? What if it burns? What if it is vandalized?  Most insurance policies specifically exclude vacancies after a specified amount of time and the last thing you need is for their […]
October 24, 2010

Foreclosure Lawsuit Soap Box – What is Yours?

I’m struggling with understanding the latest foreclosure lawsuits and maybe someone out there can help me understand. The CNN Money article and news report explains a little about how all the Robo-Signing lawsuit and foreclosure moretorium started. What I don’t understand is why the family who “started it all” feel they have the right to stay in the home
October 20, 2010

Foreclosures in Bryan College Station Coming to a Halt?

Bank of America ramped back up their foreclosure process in 23 judicial foreclosure states according to the Wall Street Journal. What does that mean for Texas? Not much since we are not a judicial foreclosure state but it does mean that they believe they have the right and the documentation in place to move forward with foreclosures. I have not seen much of a slow down with foreclosures or the foreclosure sales process in Bryan […]