Short Sales 
Get Short Sale information in the Dallas-Fort Worth area
There are currently 60 blog entries related to this category.
Choosing a Short Sale Agent
Saturday, October 22nd, 2011 at 5:38pm. 447 Views, 8 Comments.
It’s heartbreaking when you first realize that your house isn’t worth what you owe on it. Fortunate is the homeowner that can sit on the property until values rise. What about the owner who, for one reason or another, can no longer make the house payments?
This is a time for decisions: rent out the home; try for mortgage modification; sell; or allow the lender to foreclose. When the decision is made to try to sell the home in a short sale transaction, the decision-making process doesn’t end there.
How does the average homeowner go about selling the home under these conditions?
There is only one correct answer to that question: find a real estate agent. Not just any agent, though. The short sale process is complicated and full of details and…
100% Financing with the BB&T CHIP Loan now in TEXAS!
Tuesday, August 31st, 2010 at 1:33pm. 2240 Views, 2 Comments.
We have 100% and 97% Programs available on traditional and "underserved" Census Tracts!
(NO Mortgage Insurance and NO Funding Fees Required on either loan)
The 100% loan requires a minimum 660 credit score.
The 97% loan does not have a minimum credit score but it does require a minimum of 2 current trade lines with 12 months history, no late payments on anything in the last 12 months and no new collections in the past 12 months when the credit score is under 620.
Both programs are available all over TEXAS but have a "Household" Income Cap if the property is not in an "Underserved Area" which is based on the HUD County Median Income.
How to find out if your listing is in an "Underserved Area":
97% financing w/ no minimum credit score!
Monday, June 21st, 2010 at 12:05pm. 480 Views, 0 Comments.
No minimum score required! - (Most recent 12 months must be clean, no BK or Foreclosure in past 3 years)
Household income cap $67,600, for most areas in North Texas - (look for more on how the cap is waived in the coming days!)
3% down payment can be a gift
$500 minimum out of pocket must be verified in borrower's account
No cap on seller concessions for prepaid items or closing costs AND NO MORTGAGE INSURANCE!
email: rspring@bbandt.com with this exact subject line for more info: BBT Affordable Housing Info
To request an application by email, send an email to: rspring@bbandt.com with this exact subject line: APPLICATION
100% financing with a mimimum 660 credit score!
Monday, June 21st, 2010 at 12:04pm. 417 Views, 1 Comments.
100% financing with a 660 credit score!
Household income cap $54,000, for most areas in North Texas - (look for more on how the cap is waived in the coming days!)
$500 minimum out of pocket must be verified in borrower's account
No cap on seller concessions for prepaid items or closing costs AND NO MORTGAGE INSURANCE!
email: rspring@bbandt.com with this exact subject line for more info: BBT Affordable Housing Info
To request an application by email, send an email to: rspring@bbandt.com with this exact subject line: APPLICATION
100% financing both inside and outside the city limits is back
Tuesday, June 8th, 2010 at 12:19pm. 391 Views, 0 Comments.
Many of you are aware the USDA (rural development) was out of money for the past few weeks. We got the go ahead today to start taking new USDA Applications.
Many of you are not aware of a privately funded 100% program available with my new bank. Yes 100% financing without location requirements.
There are a few guidelines to remember: (FIRST TIME BUYERS ONLY)
100% financing without Mortgage Insurance - 660 minimum FICO and the borrower must make less than 80% of the HUD Median Household Income ($54,080 for all of North Texas), all household income will be verified
97% financing withoug Mortgage Insurance - 660 minimum FICO and the borrower can make up to 100% of the HUD Median Household Income ($67,600 for all of North Texas), all household income will be…
