AgentCasts Real Estate Video Tours – The Scott Mendell Houston Area Finer Homes Real Estate Video Series

AgentCasts Real Estate Video Tours – The Scott Mendell Houston Area Finer Homes Real Estate Video Series

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Prevent Foreclosure In Houston Now: What To Know About Short Sales

Article by Kipling Properties, LLC

It’s natural to have a lot of questions about the process when you need to prevent foreclosure in Houston to sell your home short. For most this is a once in a lifetime decision and that’s what makes it really intimidating. To relieve you of anxiety, common foreclosure concerns during a short sale have been answered.

Keep in mind that though a short sale is a great way to save your home and credit, it is a very time-consuming undertaking. Be prepared to book your next 4-14 months for this endeavor, as that is the approximate or average length of time it requires to get completed. This is because even the simplest step can take days to complete. For example, it can actually take several hours to fax a document to your loss mitigator.

Often it’s the red tape and just volumes of content that contribute to the length of the process. To help you with the process so you can spare yourself the red tape and the volumes of content, you can rely on a third party to prevent foreclosure in Houston. Everything you need to know about short sale will be clarified for you, and based on that you will be evaluated to determine if it’s a good course of action for your case. The investor may want to work with your mortgage company directly to coordinate the deal, especially if he or she is planning on buying the property from you.

One by one all the disclosures will be discussed to verify to you that this process will sell your home but won’t earn any profits for you. With your realtor’s help and initiative, it is possible to market your home and get a buyer who is in accord to wait for the short sale to be completed. Aside from that, you need to collate the necessary paperwork for a short sale package. Whomever you end up working with will likely ask for pertinent financial documents like your pay stubs and recent income tax returns.

A hardship letter detailing the reasons why you’re unable to keep up has to be written as well. You may be advised by the bank or the financial institution that your short sale has been declined. Foreclosure, although it is a depressing, devastating financial situation to be in, is not the end of the world so don’t worry and stress out if your short sale offer has been rejected the first time. Keep in mind that this is just a phase of the negotiation proceedings.

When you meet up with a preforeclosure company to prevent foreclosure in Houston, make the most out of it by asking all questions you can think of no matter how strange or unlikely it may seem. It is their business to help you and for sure they are familiar and knowledgeable on any query you may have regarding a short sale. By answering these questions in advance you will be able to come up with the best solution for your situation and assess as little damage as possible both to your wallet and your credit score.

If you are looking for help, you can get all you need here…prevent foreclosure in Houston now. We’ll offer help for those in need of a little prevent foreclosure in Houston.

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Real Estate Investing for Beginners – Learning the Basics of Real Estate Contracts

Real Estate Investing for Beginners – Learning the Basics of Real Estate Contracts

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August New Home Sales ? What is the Effect on Current Housing Market Trends?

August new home sales were announced by the Commerce Department last week.

The August new home sales market continues to struggle because of the high inventory of houses and the lagging economy.  Housing market trends are very depressed.  This is having a devastating effect on homeowners hoping for an economic upturn.

The annual rate for August was 288,000, the same as the revised number for July.  This number is only 2.1% higher than the lowest month in recorded history.  This lowest level was in May, 2010.  Economists had projected a 6.9% increase in August new home sales or 300,000 units.  The actual numbers obviously fell far short.

The federal government first time buyer tax credit program ended in April of this year.  May saw a sizable drop in housing sales.  This huge drop was primarily due to the rush by homebuyers to purchase homes before the expiration of the tax credit.  The tax credit seemed to only move housing sales from a later period of the year to the period when the tax credit was offered.

Today’s sales of new and existing homes are being negatively affected by high unemployment, tight credit standards, and the concern about continued housing price declines.

A surging housing market has always been instrumental in driving the economy out of a recession.

The weak August new home sales numbers indicate that the housing market is far from a recovery.  This is bad news for those hoping for a near term economic recovery.

Housing market trends are going in the wrong direction.  But new homebuilders are making the situation worse.  New housing starts came in at an annualized rate of 598,000 in August.  Housing starts had averaged 567,000 during the last four months.  With the August new home sales of 288,000, it’s easy to see that builders are adding to the inventory of unsold homes.


Builders must compete with a huge inventory of foreclosed homes with many more coming onto the market.

I’ve said this before.  In order for the housing market to stabilize, housing prices must come down to a fair market value.  Government intervention is only postponing the time when the housing recovery can truly begin.  Until we see the end of this, housing market trends will remain negative.

Scott Hubbard has retired from 25 years as a Chief Financial Officer in Corporate America. He now teaches corporate professionals and network marketers how to start a successful internet marketing business.

You can go to his blog and pick up his free report, “6 Steps to 6 Figures,” on how to help baby boomers retire from corporate America.  You can reach him toll-free at 877-878-4036 or by email at

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