Tag Archives: CDPE

Foreclosure vs. Short Sale: Know the Difference

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 do not know what to do next for themselves and their families.  Despite all attempts to hold on, foreclosure has become a reality that if not addressed and handled correctly, it can have a devastating outcome.  Here are a few examples of how a foreclosure will affect your life.

Foreclosure is the most challenging issues against a security clearance outside of a conviction of a serious misdemeanor or felony.  If a person has a foreclosure and is a police officer, in the military, security, or any other position that requires a security clearance; the clearance could be revoked and the person will not be able to perform the duties required for the job.  On its own, a short sale does not challenge most security clearances due to the fact that short sales are not explicitly reported on a credit report.

Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. In many cases, a foreclosure is ground for immediate reassignment and sometimes termination.  Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have and will challenge employment in most cases. Again, since a short sale is not reported on a credit report; therefore not a challenge to employment.

 Now more than ever, you need to prepare yourself to navigate the mistakes that are most commonly made. As a Certified Distressed Property Expert (CDPE), I have been specifically trained to assist homeowners in difficult situations.  If you would like more information or assistance, please contact Krista at 832-585-3035.

Showing properties 1 - 15 of 500+. See more The Woodlands Listings.
(all data current as of 5/22/2012)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,961 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 1
    Listed with Village Realty
  2. 4 beds, 2 full, 1 part baths
    Home size: 2,678 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 1
    Listed with RE/MAX The Woodlands & Spring
  3. 3 beds, 2 full, 1 part baths
    Home size: 2,050 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 2
    Listed with RE/MAX The Woodlands & Spring
  4. 3 beds, 2 full, 1 part baths
    Home size: 2,155 sq ft
    Lot size: 7,132 sqft
    Year built: 1994
    Parking spots: 2
    Days on market: 2
    Listed with Texas Home Group, REALTORS
  5. 3 beds, 3 full baths
    Home size: 2,821 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 3
    Listed with Keller Williams Realty
  6. 4 beds, 2 full baths
    Home size: 2,464 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 3
    Listed with Village Realty
  7. 4 beds, 3 full, 1 part baths
    Home size: 2,941 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 3
    Listed with Village Realty
  8. 4 beds, 2 full, 1 part baths
    Home size: 2,286 sq ft
    Lot size: 7,588 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 4
    Listed with Heritage Texas Properties
  9. 3 beds, 1 full, 1 part baths
    Home size: 1,239 sq ft
    Lot size: 4,804 sqft
    Year built: 1977
    Days on market: 4
    Listed with Keller Williams Realty The Woodlands
  10. 3 beds, 2 full, 1 part baths
    Home size: 1,522 sq ft
    Lot size: 2,972 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 4
    Listed with Signature Living Properties
  11. 4 beds, 2 full, 1 part baths
    Home size: 2,146 sq ft
    Lot size: 10,014 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 4
    Listed with Prudential Gary Greene, REALTORS
  12. 3 beds, 2 full baths
    Home size: 1,945 sq ft
    Lot size: 8,403 sqft
    Year built: 1996
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX The Woodlands & Spring
  13. 4 beds, 2 full, 1 part baths
    Home size: 2,647 sq ft
    Year built: 2003
    Parking spots: 2
    Days on market: 4
    Listed with BHGRE Anderson Properties
  14. 3 beds, 3 full baths
    Home size: 2,252 sq ft
    Lot size: 6,198 sqft
    Year built: 1998
    Parking spots: 2
    Days on market: 4
    Listed with Keller Williams Realty The Woodlands
  15. 4 beds, 2 full, 1 part baths
    Home size: 2,449 sq ft
    Lot size: 8,940 sqft
    Year built: 1993
    Parking spots: 2
    Days on market: 4
    Listed with Coldwell Banker United, REALTORS

Listing information deemed reliable but not guaranteed. Read full disclaimer.

What are they waiting for?

I’m always amazed when I start looking over the pre-foreclosure statistics of my market area and see how many homes are headed to auction. In Spring Texas alone there are 512 homes scheduled to auctioned off tomorrow.

The sad reality is, based on a small, non-discriminate sampling of these homes, less than 15% of these homeowners tried to mitigate their loss and put their home on the market and less than 50% of these tried to short sale their home.

I’m not sure why there is a lack of action on the part of homeowners that are facing this type of hardship, perhaps they really just don’t understand that they have options, or know where to find help (someone that can discuss those options with them), but I find it very sad that this seems to be a consistent trend in our current market.

foreclosure status distribution - Spring Texas Real estateI hear it said often; that homeowners in this situation most likely don’t contact someone for help, because they are embarrassed! Embarrassed…why? There is no reason to be, Things happen that we have no control over, people lose their jobs regularly, they don’t plan to, it just happens, People get sick, lose loved ones, their mortgage payments skyrocket…we can’t always plan for these things, we can’t predict the future. Unexpected things happen to all of us, and when they do, it’s definitely not something we should be embarrassed about.

Not taking action at a time like this will cause you even more difficulties in the future. A foreclosure is so much more damaging then a Short Sale. Contact me and I’ll send you a list of the differences so you can see for yourself.

If you have recently found yourself in a financial situation where foreclosure seems probable, don’t wait until it’s too late, like these folks did. Tomorrow their homes will be sold at auction and they will forever carry the stigma of a foreclosure on their record.

foreclosure trends by property Value - Spring Texas Real EstateCall today, I can help 832-576-4902, you can also reach me at Kimberly@rrea.com

The “embarrassment” you overcome today could change your financial future forever, Take action……As a Certified Distressed Property Expert, I have to knowledge and tools necessary to navigate through the very challenging process of Short Sales. I really can help!

Foreclosure vs. Short Sale: Know the Difference

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 do not know what to do next for themselves and their families. Despite all attempts to hold on, foreclosure has become a reality that if not addressed and handled correctly, it can have a devastating outcome. Here are a few examples of how a foreclosure will affect your life.

Foreclosure is the most challenging issues against a security clearance outside of a conviction of a serious misdemeanor or felony. If a person has a foreclosure and is a police officer, in the military, security, or any other position that requires a security clearance; the clearance could be revoked and the person will not be able to perform the duties required for the job. On its own, a short sale does not challenge most security clearances due to the fact that short sales are not explicitly reported on a credit report.

Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. In many cases, a foreclosure is ground for immediate reassignment and sometimes termination. Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have and will challenge employment in most cases. Again, since a short sale is not reported on a credit report; therefore not a challenge to employment.

Now more than ever, you need to prepare yourself to navigate the mistakes that are most commonly made. As a Certified Distressed Property Expert (CDPE), I have been specifically trained to assist homeowners in difficult situations. If you would like more information or assistance, please contact Krista at 832-585-3035.

Congrats to Our New Certified Distressed Property Experts!

This is just a quick note of congratulations to our newest Certified Distressed Property Experts, Kimberly Whaley and Krista Wright. This designation annotates specialized training to handle short sales and foreclosure situations.

If you find yourself behind on your mortgage, please don’t wait until your problem has become insurmountable. there are steps you can take to ensure the best possible outcome for your family. I taped a radio show today taking about these steps. I will have the video up soon.

Foreclosures

Ever wanted to find out more about Foreclosures in Spring, The Woodlands, and Houston, Texas? Check out this video from The Houston Association of Realtors to learn more. It’s part of my twice a week video blog series that helps consumers make informed real estate decisions.

Short Sales and Distressed Properties

This video, produced by the Houston Association of Realtors, helps consumers to understand what a short sale is and how the process works. A distressed property is one that is in the short sale process or is currently under foreclosure. Currently, Shannon Register is a designated Certified Distressed Property Expert and Certified to do Short Sales and Foreclosures. When a foreclosure does not sell on the courthouse steps, it returns to the Bank Owner in what Realtors refer to as an REO (Real Estate Owned Property.) If you know someone having dificulty paying their mortgage, the best advice you can give them is to contact our team as soon as possible for help. The short sale process takes time, so the sooner you get the property listed, the sooner it will sell and the less likely the bank is to foreclose on the owners. It can be humiliating to be behind on your mortgage, but our team knows the sensitivity of this ordeal and we understand that there are many situations that can lead to slow mortgage payments that cannot be caught up. Please contact us first for help! We are trained and work with banks regularly to help consumers in the Houston area. Our expertise could save your home from Foreclosure and save your credit so you can purchase a home again in two years – and there’s usually no cost to you!

Foreclosure Prevention Plan Unveiled

NEW YORK (New York Times) – April 5th will mark the beginning of a new program by the Obama administration intended to end the foreclosure crisis — one that will pay homeowners to sell their homes.
The program will allow owners to sell their homes for less than they owe and give them cash to expedite the process.
Hundreds of thousands of delinquent borrowers will be encouraged to sell their houses through short sales, in which properties are sold for less than the balance of the mortgage.
The new program will give the servicing bank $1,000, and another $1,000 may go toward a second loan, if one exists. The distressed homeowners will also receive $1,500 in relocation assistance.
Borrowers could suffer less damage to their credit ratings under the new program, and they will receive the lender’s assurance that they will not later be sued for an unpaid mortgage balance.

Texas Home Foreclosure Rates Less Than National Average

AUSTIN (Austin Business Journal) – RealtyTrac’s annual foreclosure report, released yesterday, revealed Texas metro rates to be under the national average of 2.21 percent.

 Austin and Round Rock area foreclosure rates increased 39.5 percent between 2008 and 2009. About 1.25 percent of all housing units, or one in every 80 homes, foreclosed last year, and 8,002 homeowners filed. This was an increase of 54.6 percent from 2007. Of the 203 metros ranked nationwide for foreclosures, the area was ranked 117th.

 Dallas–Fort Worth ranked 94th with a 1.5 percent foreclosure rate, and Houston was 111th with 1.3 percent of its area homes foreclosed upon. San Antonio ranked 109th in RealtyTrac’s report, with a 1.31 percent foreclosure rate.

Help with Short Sales and Foreclosures

Due to the massive amount of short sales and foreclosures in the Houston area I have acquired my CDPE – Certified Distressed Property Expert Designation.  This new designation has taught me the short sale process and how to get the deal closed.  It is the designation that banks require for Realtors to work on their distressed and foreclosure properties.  If you or someone you know is behind on their mortgage please choose a Realtor that holds this designation.  I enjoy helping homeowners learn how to avoid foreclosure and helping them sale their properties before they are foreclosed on.

Copyright © 2012, Houston Realtors Information Service, Inc.

The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

This IDX solution is (c) Diverse Solutions 2012.