Wednesday, February 29, 2012
Monday, February 27, 2012
Nearly 1 in 4 Households Use Over 1/2 of Income for Housing Costs
Encourage your friends and family in these hard hit areas to move to TX!
Nearly 1 in 4 Households Use Over 1/2 of Income for Housing Costs
Nearly 1 in 4 Households Use Over 1/2 of Income for Housing Costs
Friday, February 24, 2012
Rogers Healy and Associates - Residential Real Estate
Come check out some great listings all over DFW and in every price range! Leases available as well.
Rogers Healy and Associates - Residential Real Estate
Rogers Healy and Associates - Residential Real Estate
Former Home Owners Wait for Second Chance | Realtor Magazine
Great information if you are waiting to be able to purchase after a short sale or Deed in Lieu.
Former Home Owners Wait for Second Chance | Realtor Magazine
Former Home Owners Wait for Second Chance | Realtor Magazine
Thursday, February 23, 2012
2925 Oakland Hills Drive
Here is a Plano listing in Frisco ISD! Across from a Blue Ribbon Ele school! This home is perfect for a large family with 5 bedrooms and 4 baths. Nice sized pool w/attached spa. List price $269,900 Check it out!
2925 Oakland Hills Drive
2925 Oakland Hills Drive
Wednesday, February 22, 2012
Tuesday, February 21, 2012
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Slowly but we are progressing...hopefully this bill will go through.
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Friday, February 17, 2012
Thursday, February 16, 2012
Monday, February 13, 2012
Thursday, February 9, 2012
Wednesday, February 8, 2012
Tuesday, February 7, 2012
(6) 5908 Hidden Pine Lane
Here is a great new listing for a property in McKinney, TX. Great starter home that is walking distance to community pool and Johnson Elementary school. The living area opens up to the kitchen. The large central island has seating. This homes neutral colors, various niches, and elevated ceilings compliment this homes design and makes it shine. 4 bedrooms with the master separated from the others, and a gas starter fireplace for those cozy evenings. This neighborhood is just minutes from the library, city parks and fields, and Market Street!
Check out the link for pictures. For more information or to schedule a showing, contact me today!
(6) 5908 Hidden Pine Lane
Check out the link for pictures. For more information or to schedule a showing, contact me today!
(6) 5908 Hidden Pine Lane
Please watch out for scams.
I am a member of several blog, networking, and news sites in regards to my field. I find that although I certainly do not have the time to take a look at every one, I do skim through to find the ones that would most benefit myself and my clients, as well as my network of friends and followers. I enjoy sharing information from sites that not everyone may visit, and get some insider scoops to share.
Today I was a bit concerned and thought I would share what I found. There was a blog that was posted by an investor site I frequent that said "Looking for a Realtor." Of course that usually catches everyone's eye.
But what I found was this "We buy upside down Luxury properties and sell them back to the current owner. This is not a short sale or loan modification. We will buy an upside down note from your clients bank at a significant discount and then sell it back to the current owner with at least 20 % equity. Your client will preserve their credit as well and stay in the house."
It sounds like a great thing for a seller struggling with their mortgage, however there are several red flags here. In some states I am told, should the property somehow get back in the hands of the original lien holder after their note is purchased for less then owed, that lender will reinstate the shortage that was unpaid. Another concern of mine is how is this investor purchasing this note for less than owed and not calling it a short sale? That is exactly what a short sale is. Just because this investor says its not, doesn't mean your lender does. And finally, if he purchased this home at such a discount, then why would he sell it back to the previous owner well under fair market value?
Because he's a nice guy?
There is no way that any lender would allow the sale of their note if they knew for one second that the intention was for that property to go back to the owner that they were forgiving the debt to. No way. And it would be fraudulent on the sellers and agents part if they engaged in such a transaction knowing this information.
My point for the day is...If it sounds to good to be true or if that little voice in your head says it doesn't sound right...then chances are its not. Your best bet should you find yourself involved in something like this is to 1. Speak with a real estate attorney. Title companies are full of them and they do give out free advise should you use their services for a transaction. They are there to help and make sure everything is "legal." 2. Call your lender. What do they say about it? What does your note/deed say that you signed and never really read because it was so long? 3. Get with an experienced agent that has worked with lenders for short sales. It is so important to find an agent with experience in a specific real estate area. Do they know what they are talking about? Do they have a short sale package ready for you to complete? Do they already have contacts and know what procedures your lender uses? If not do they know where to get it?
Bottom line is stay away from investors/individuals who try and sell you on this great deal or way to get you out of a bad spot. Especially if you don't know them and don't know anyone that has done business with them. Get some help from others.
Today I was a bit concerned and thought I would share what I found. There was a blog that was posted by an investor site I frequent that said "Looking for a Realtor." Of course that usually catches everyone's eye.
But what I found was this "We buy upside down Luxury properties and sell them back to the current owner. This is not a short sale or loan modification. We will buy an upside down note from your clients bank at a significant discount and then sell it back to the current owner with at least 20 % equity. Your client will preserve their credit as well and stay in the house."
It sounds like a great thing for a seller struggling with their mortgage, however there are several red flags here. In some states I am told, should the property somehow get back in the hands of the original lien holder after their note is purchased for less then owed, that lender will reinstate the shortage that was unpaid. Another concern of mine is how is this investor purchasing this note for less than owed and not calling it a short sale? That is exactly what a short sale is. Just because this investor says its not, doesn't mean your lender does. And finally, if he purchased this home at such a discount, then why would he sell it back to the previous owner well under fair market value?
Because he's a nice guy?
There is no way that any lender would allow the sale of their note if they knew for one second that the intention was for that property to go back to the owner that they were forgiving the debt to. No way. And it would be fraudulent on the sellers and agents part if they engaged in such a transaction knowing this information.
My point for the day is...If it sounds to good to be true or if that little voice in your head says it doesn't sound right...then chances are its not. Your best bet should you find yourself involved in something like this is to 1. Speak with a real estate attorney. Title companies are full of them and they do give out free advise should you use their services for a transaction. They are there to help and make sure everything is "legal." 2. Call your lender. What do they say about it? What does your note/deed say that you signed and never really read because it was so long? 3. Get with an experienced agent that has worked with lenders for short sales. It is so important to find an agent with experience in a specific real estate area. Do they know what they are talking about? Do they have a short sale package ready for you to complete? Do they already have contacts and know what procedures your lender uses? If not do they know where to get it?
Bottom line is stay away from investors/individuals who try and sell you on this great deal or way to get you out of a bad spot. Especially if you don't know them and don't know anyone that has done business with them. Get some help from others.
Monday, February 6, 2012
Friday, February 3, 2012
Thursday, February 2, 2012
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