Foreclosure, Short Sale, Lease to Buy, House Values, Interest rates

What is it that everyone is talking about? What is really happening and can anyone really help?I have been doing real estate since 1992. I have been self employed for over 1/2 my life. Self employed for those who don't know what that means. Cindie's definition is unemployed with an attitude.That means if I don't show up and perform I don't get paid, in fact sometimes I show up and show up and still don't get paid. The difference is I still just show up anyway. If I was doing real estate to become rich I picked the wrong career. However, if I picked real estate because I genuinely like helping people find a great deal and a nice home to live in or help them sell the one they have then I picked the right career. If you are having trouble and can't seem to find someone that really cares then keep looking till you do. There are lots of people that play are real estate one deal at a time. I like to say I get to help someone one person at a time.

Real estate is normally the largest investment that anyone will make in their life time. So, it should not be handled by someone that just thinks your another deal. If you are facing foreclosure you need to talk to a Realtor who knows and understands the process in your area. There are several different options you can take to stop it long enough to see what options would be best for you. If you don't have the credit score you need to buy a home FHA just passed via the local banks here a minimum of a 620 FICA. FHA did not pass that the banks have taken that on themselves to do. They got the money to loan from the government but your not going to get it so easy. Maybe you need to sell but your home is not worth what you owe that would be a Short Sale. This is where your good Realtor can be worth their weight in gold to you. It is a transaction that your current lender will have the final say on what the terms, price etc will happen. This is a tough pile of paper work. It can be done. I was doing these in 2006 when things were going like gang busters. The biggest issue is getting someone on the lenders side to help your file over the pile they have on the desk. These employees are over worked and under paid in my opinion. If your credit is good and you have enough money to put at least 10% down it is time to buy. I have been telling people when rates were around the 5% mark buy.

The market here in the Dallas Fort Worth Texas area is really good. The kind of home you can owe for the rate of interest you can buy at is unbelieveable. I just got a deal accepted on a 550,000 home buyer is putting down 20% and the interest rate is fixed at 4.78%. Not to mention the deal on the home this would be a 780,000 home. Guys you can't buy the materials to build this home again at this price. Lease to Buy, boy the phones have been ringing off the hook on this deal. Here in Texas none of your monthly rental can be applied, your landlord must keep excellent records or you better make sure you have copies of all cleared checks to show you have been making your rent on time. Your deposit can be put into the pot to close the deal. You really are getting the first right to refusal or you agree to a prices at a much later closing date than normal and at that time you get a real loan and you will own the home after funding and no longer a tenant.

I have spent a lot of energy educating myself and my team on all these issues so we can better service you the clients. Interview and re-interview your Realtor. Make sure your a person with needs and the Realtor your hiring wants to really help you, not just put a sign in the yard and or your bottom in their car seat. Ask a Realtor for help or advise. Their service of talking to you on the phone is free to you. Most are very willing to answer any questions you might have.
--
Cindie Stewart
Broker/Owner
Texas Sold Team Realty,LLC
213 S. Elm Street
Keller TX 76248
Office: 817-337-5169
Mobile: 817-881-7653
Fax: 817-796-1242
WWW.SOLDTEAM.NET
Women's Council of Realtors
2009 VP of Membership of NE Tarrant
2008 President of NE Tarrant Co.
Chair for Technology for State of Texas Co-Chair Ways &Means for State of TX
www.wcrnetc.com
www.wcrtexas.org
www.techytalktuesdays.com
ePro, CLHMS, Realtor, CRS
This is a great day and there will not be another one just like it, enjoy fully it will be over soon good or bad