Easy $50,000 in Equity

Just got off the phone with a out-of-town seller who owns property here in the Houston area. She's easy to work with and not profit driven. She just wants out of the property. I took a quick look at the comparibles for properties in the area and was delightfully amazed with the results.

For those that want to hold on instead of flip, this property has strong rental potential @ over 3200 square feet. With this subdivision's hot rental market demanding 59 cents a square foot, this property is a real gem coming in at over $1,900 per month.

There's plenty of room in this one. Email me for further details.

Recent E-mail

I had some difficulty sending this to a friend....so I'll post it here and forward this address to him.

Hi Charles,

Long time no see! Enjoyed chatting with you today.

As I mentioned during our conversation, we can help individuals who are in danger of losing their homes regardless of credit or equity. They can have horrible credit....as a matter of fact, there's no credit check involved. As for equity....we have a program specifically designed for individuals who purchased a home that has depreciated in value.

If you have anyone who needs to save their home, let us know. As for your referral fee, simply let us know what you want and add it to the amount of the initial fee. As I mentioned, the fee is based on the homeowner's monthly payment. The minimum fee is $1500. We will work on hardship cases....case by case.

Here's more infohttp://www.uslossmitigation.com/jgreen/

Yea the Market is sorta topsy turvy but.......we still have great programs.
........call me. I have the programs! I'm always accessible even holidays and weekends.
CALL NOW! Direct

NOW IS THE TIME TO DOMINATE THE SHORT SALE MARKET!http://dcg123.ultimatess.hop.clickbank.net/

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Houston Market

The Houston real estate market remains strong even during current economic uncertainties. Several factors contribute to Houston's vibrant real estate industry. Houston’s after tax living cost makes it one of the best places in the U.S. to live at approximately 12% below the national average. This is largely due to the fact that Houston’s housing cost is 26% below the national average.
Houston, Sugarland, Baytown’s $325.5 billion Gross Area Profit (GAP) for 2006 was more than Austria’s, Poland’s or Saudi Arabia’s Gross Domestic Product (GDP). In 2006, Forbes Magazine ranked the Houston Metropolitan area as the third best places in the U.S. for businesses and careers.
Houston’s major industries are Oil & Gas, Manufacturing, Engineering, Real Estate, Medicine, Biotechnology, Aerospace, and Marine Science. There is no state or local personal income tax. Sales Tax is 8.25%. Even the horrific collapse of Enron has not prevented Houston from ranking among top three cities for investing in downtown redevelopment projects.

I once felt that legislators missed the boat when introducing 80% maximum LTV of appraised value for cash-out refinancing. That same requirement has helped Texas homeowners retain large amounts of their home equity during the current mortgage sub-prime meltdown.

Many foreign investors are taking advantage of weak U.S. dollars and strong Houston real estate values to reap huge rewards. Read More......

Stop Foreclosure

Stop Foreclosure!
Lower Your Monthly Payment!

I was passing out flyers today when I was stopped by a lady wanting help. She, like many other hard working americans was experiencing the backlash from the Sub-Prime Mortgage Meltdown. As we talked I started to recognize a repetition of circumstances leading up to her current plight. She was a UPS employee who had purchased a home using a ARM with marginal credit. Now that the Sub-Prime market no longer existed, she was trapped with a product due to continually adjust until it reached it's cap.
To better understand the damage done by the withdrawal of sub-prime mortgage products, let me take a quick minute to give a quick over view of the sub-prime customer grading profile. The quickest way to understand sub-prime is to understand what is not sub-prime. Mortgage loan qualification is based on various factors. Each factor must meet certain guidelines. Those factors are 1. Income as it relates to debt. 2. Credit. 3. Job history. 4. Rental History. 5. Downpayment. Conventional lending or Prime lending requires that each of the aforementioned criteria must adhere to certain guidelines i.e. 1. Income depending on the type of mortgage product, ......not more that 17% of your income can be absorbed by your mortgage payment including principle, interest, taxes and insurance. This is called front end debt to income qualification. Back end debt to income qualification dictates that no more that 36 to 42% of one's income can be exceeded towards any long term debt (Long Term = debt with more than ten months worth of payments remainding), including one's mortgage payment.

Anyway without being too detailed suffice it to say that Prime Lending adheres to stricter guidelines than Sub-Prime. To abbreviate the Sub-Prime over view, let me simply state, under th past sub-prime guidelines, any one of the five (5) required Prime criteria could be ignored as long as the other four were met. Sometimes, depending on the strength of a certain factor, even more of the others can be ignored. For instance, if the client's credit is strong enough, he or she didn't need a job. Or, if the downpayment was large enough, he or she didn't need a social security number.
For over 13 years I personally originated sub-prime products. When many of my clients found themselves burdened under unbearable mortgage payments, I vowed to discover a way to help relieve the pressure of accelerating monthly payments. I looked into loan mitigation and mortgage loan modification for our property. I was not able to save our rental properties but, I was able to lower the payment on our personal dwelling and obtain a 3% interest rate. This is the secret that Investors and Lenders don't want you to know. I don't have a mortgage calculator within reach while I'm writing this article. Actually I don't feel like getting up and getting one. But, I'm going to use a general example so that you can get the jist of this concept. With a fully amortized mortgage loan $200,000 paid off in 30 years @ 8% could easily amount to over $500,000 dollars. The same principle amount repaid at 3% equals a little over $300,000. The secret is that under the current mortgage and economic crisis, lenders are willing to settle for the lesser amount as an alternative to foreclosure. Let us show you how it's done. On a $200,000 mortgage, it could mean the difference between a $1400 a month payment and a $800 dollar a month payment for the same house. NOTE: Credit is not a criteria.
We all know that life is unpredictable, and that circumstances often arise that can prevent you from making your mortgage payments.
Even hard-working people can encounter unforeseen situations which may affect their ability to pay their mortgage in a timely manner. Many issues can be contributing factors such as temporary job loss, medical illness or injury, marital difficulties, unforeseen repairs or high utility rates, tenant problems, or even a death in the family. Just one of these situations can have a direct bearing on making home mortgage payments.
Our Goal is Solely to Assist Homeowners
At American Home Savers we provide assistance to homeowners experiencing rate increases(due to adjustable arms), mortgage or foreclosure difficulities. We provide out of court resolutions to remedy your mortgage delinquency and foreclosure situations.

Triad Mortgage and Realty
Contact Me for More Information

Or just Call me Direct 832-754-5365

Foreclosure Tips

I was talking to a client today who informed me that someone from the city spoke to her and was going to help cure her arrears by adjusting her escrow account. I asked her if her payment included principle, interest, taxes and insurance. She said no. I then informed her that she did not have a escrow account to adjust and to be careful about calls from individuals who claimed to be able to cure her default judgement and stop her foreclosure for a fee.Here's a few tips and guidelines to remember when facing foreclosure. The most important advice is to talked to an expert that's honest and will advise you to your best interest. As long as you own the property, there's options available.Also remember that your mortgage lien holder may not always choose the best alternative for your financial future. Many lenders are directing borrowers into repayment plans that defer past due amounts payable at the same interest rate but extended terms. The best solution for most borrowers in many cases is a total modification of current loan terms into a lesser principle amount or a lower interest rates.

Ex nihilo nihil fit

Nothing comes from nothing. One must give back to the same source from which one has derived great wealth. With the diminishing of the sub-prime market, new opportunities have emerged in the financial arena. Seems too good to be true but, if you act now there's help for all of you that are holding adjustable rate mortgages with no where to go. I can show you how to obtain new loan products with rates as low as 3%. Sounds crazy! But, it's true! Even with bad credit, foreclosure initiated, upside down equity! No Problem!
Find Out More.....

Sedulous

Must Read: Top 5 Things I Love About the Current Real Estate Market




Even the most lazy can learn to be sedulous when seeking that which is close to one's heart.