Foreclosure in The Woodlands : Advice

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Michelle Can…, Real Estate Pro in The Woodlands, TX
Buying A Fixer UpperWhen purchasing a fixer upper home there is certainly some risk involved, but for many, the benefits far exceed the risks. There are several things to consider first, some positive… Read more
Blogged Mon Apr 23, 2012 by Michelle Cannon Home Buying Foreclosure
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Michelle Can…, Real Estate Pro in The Woodlands, TX
What You Need to Know about Cancellation of Mortgage DebtA lender will, on occasion, forgive some portion of a borrower’s debt. The general tax rule that applies to any debt forgiveness is that… Read more
Blogged Mon Apr 2, 2012 by Michelle Cannon Home Buying Financing Foreclosure
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Michelle Can…, Real Estate Pro in The Woodlands, TX
Freddie Mac to Suspend Evictions from December 19 to January 2 Freddie Mac (FMCC.OB) recently announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties… Read more
Blogged Tue Dec 13, 2011 by Michelle Cannon Home Selling Financing Foreclosure
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David Compan…, Real Estate Pro in The Woodlands, TX
What is a Short Sale? | Ask a Texas REALTOR® A short sale describes the sale of a property in which the sale proceeds received by the Seller are not sufficient to payoff the balance of the lien(s) (money… Read more
Blogged Fri Aug 26, 2011 by David Companik Home Buying Home Selling Foreclosure
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Ray Larson, Real Estate Pro in The Woodlands, TX
Are you asking the same question our home buyers are continually asking us? Is a foreclosure or Short Sale the best way to get a “deal” on a home purchase? The answer is yes, you can get a… Read more
Blogged Tue Feb 1, 2011 by Ray Larson Foreclosure
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Krista Wright, Real Estate Pro in Spring, TX
I believe every homeowner deserves the best information and education to avoid losing a home to foreclosure and damaging credit for years to come.  Many homeowners today are facing uncertainty. They… Read more
Blogged Mon Dec 6, 2010 by Krista Wright Home Selling Foreclosure Property Q&A
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Michael Blou…, Real Estate Pro in The Woodlands, TX
Foreclosures have created a frenzy on the market among those “looking for a deal” and savvy investors alike.  Those in the first category look to maximize their dollar by purchasing a… Read more
Blogged Wed Nov 10, 2010 by Michael Blount Jr. Home Buying Foreclosure Property Q&A
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Michael Blou…, Real Estate Pro in The Woodlands, TX
I am watching the foreclosure situation on a daily basis, and see an ugly trend.  Robo-signing is nothing compared to what is being uncovered now.We have long-heard whispers and rumblings about missing… Read more
Blogged Wed Oct 20, 2010 by Michael Blount Jr. Market Conditions Financing Foreclosure
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Michael Blou…, Real Estate Pro in The Woodlands, TX
As we continue to receive financial data from third quarter updates, we receive especially good news from Wells Fargo.  Wells Fargo is one of the largest mortgage servicers and collectors in the nation.Wells… Read more
Blogged Wed Oct 20, 2010 by Michael Blount Jr. Financing Foreclosure Credit Score
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Michael Blou…, Real Estate Pro in The Woodlands, TX
Many banks have recently admitted to possible "processing errors" in the last few weeks.  Although the majority of foreclosures have been done in response to defaults on loans, there is still a potential… Read more
Blogged Mon Oct 18, 2010 by Michael Blount Jr. Home Buying Financing Foreclosure
Michael Blou…, Real Estate Pro in The Woodlands, TX
Yesterday, the Texas Attorney General issued a moratorium on ALL foreclosures in the State of Texas, requiring banks to review their foreclosure processes.  It is unclear yet as to the legal ramifications… Read more
Blogged Sat Oct 16, 2010 by Michael Blount Jr. Market Conditions Financing Foreclosure
Michael Blou…, Real Estate Pro in The Woodlands, TX
BackgroundForeclosures have become a hot topic as of late and have established their position in mainstream conversation.  Foreclosures are everywhere, and they represent different percentages of the… Read more
Blogged Wed Oct 13, 2010 by Michael Blount Jr. General Area Market Conditions Foreclosure
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Michael Blou…, Real Estate Pro in The Woodlands, TX
Interest rates are still near historic lows, home pricing remains affordable, and the economy is turning around - yet mortgage originations remain low.  Home ownership remains out of reach for nearly… Read more
Blogged Mon Oct 4, 2010 by Michael Blount Jr. Financing Foreclosure Credit Score
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Ken Brand, Real Estate Pro in The Woodlands, TX
“Produce The Note” video as seen on Good Morning America - Stall - Stop Foreclosureby KEN BRAND on FEBRUARY 25, 2009This legal strategy has been gaining traction, thought you might… Read more
Blogged Sat Aug 14, 2010 by Ken Brand Foreclosure
Tom Rebo, Real Estate Pro in Fort Lauderdale, FL
Tom Rebo answered:
Are there investment properties (sfr's) that cash flow with 20% down?
Anywhere has good deals that will cash flow with 20% down. Just have to shop hard....

I read a fun book recently that I found in our office. Chck out the chater about crummy dogs.
0 votes Share Flag Fri Aug 28, 2009 Foreclosure in The Woodlands
Voices Member,  in
Voices Member answered:
What are the benefits or drawbacks to expanding my home search to include FSBOs and foreclosures?
Foreclosures can be especially painful transactions to close. Even with all of the foreclosure problems that lenders are experiencing, they are still very difficult to work with on the ... more
0 votes Share Flag Fri Oct 24, 2008 Foreclosure in The Woodlands
Michelle All…, Real Estate Pro in Austin, TX
Michelle Allen answered:
We are reasonably sure the other people did not offer list price. We did and were going to counter any other
In Texas our law requires that all contracts are submitted, whether good or bad. There is a form that the agent can present with any offer -Notice of Presentation of Earnest Money Cont ... more
0 votes Share Flag Thu Apr 24, 2008 Foreclosure in The Woodlands
Perry Hender…, Real Estate Pro in Austin, TX
Perry Henderson answered:
if we offered listing price to a sellers realtor who had an existing contract not yet accepted by the seller,
Texas law says that all offers must be presented to the seller. It does not mean you have to get a counter. Have your realtor call the other one. It's usually a style thing.
0 votes Share Flag Mon Jan 21, 2008 Foreclosure in The Woodlands
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