Agents:
We have been telling everyone who would listen for the last six months that banks, the government, lenders and investors all want more short sales to close! Now Fannie Mae has come out and actually put legislation in place that proves that they are 100% in agreement with what we have been saying. They have now instructed their servicers NOT to negotiate your commissions up to 6%.
Here is the actual excerpt from thier release:
No Negotiation of Preforeclosure Sales Commission
Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers
Effective March 1, 2009, closing of preforeclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below what was negotiated by the listing agent with the borrower, unless the fee exceeds 6 percent of the sales price of the property in aggregate. Servicers are reminded that they must continue to obtain any approvals that may be required by interested third parties in connection with preforeclosure sales.
https://www.efanniemae.com/sf/guides/ssg/2009annlenltr.jsp?referrer=frpromo
(click on Miscellaneous Servicing Policy Changes)
If you aren't handling short sales already you need to be! If you or some one you know is interested in become an short sale expert in your market contact us at 281-797-3841 or visit us at www.thewatsongrouprealty.com.
Brought to you by!
Laura & Rod Watson
The Watson Group Realty
Re/Max Galleria Associates
4703 Richmond Ave Ste. B2
Houston, TX 77027
Office: 281-797-3841
Direct: 281-797-3941
E-mail: thewatsongorup.remax@gmail.com
www.katyforeclosurepreventionspecialists.com
www.houstonforeclosurepreventionspecialists.com
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Loan Modification |
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What is Loan Modification?
Why We Do? The first thing to know is it is not your fault and there will be an estimated 2.5 million foreclosures in the US this year. You are not alone and you should not be embarrassed to seek foreclosure help or loan modification. The process is simple, please review it below. Step 1
Recent Loan Modifications by The Watson Group Realty! Before Modification - Client had a monthly payment of $2114 at an adjustable interest rate of 11.2%. (Savings of $1498 / month) Our consultation is FREE there is no obligation to hear how we can save your home and mortgage with out refinancing and with out losing your home. Don't be the next victim at least hear what we can do to help, for little to no cost. Get started today by clicking the link below to request more information or call us at 281-797-3841 to schedule a free consultation! |
Brought to you by!
Laura & Rod Watson
The Watson Group Realty
Re/Max Galleria Associates
4703 Richmond Ave Ste. B2
Houston, TX 77027
Office: 281-797-3841
Direct: 281-797-3941
E-mail: thewatsongorup.remax@gmail.com
www.katyforeclosurepreventionspecialists.com
www.houstonforeclosurepreventionspecialists.com
"Art with a Voice" Event
Saturday, March 7 6-8pm 
$10 per person
Art Reception and Wine Tasting
You are cordially invited to attend a reception for artist Pete Menser. View his expressive work and you will hear it speak about his life, his inspirations and his feelings. Bold, colorful and clever, his work has a lot to say about life.
A boutique wine tasting for the special price of $10 per person. All original artwork will be on sale and displayed until March 13th. Proceeds will benefit the Katy ARTreach Programs.
Music and original compositions by Dr. Michael Guevara of the Cinco Ranch Conservatory of Music!
Brought to you by!
Laura & Rod Watson
The Watson Group Realty
Re/Max Galleria Associates
4703 Richmond Ave Ste. B2
Houston, TX 77027
Office: 281-797-3841
Direct: 281-797-3941
E-mail: thewatsongorup.remax@gmail.com
The Good News! Congratulations, Texas! Five Texas cities swept the top spots on Builder magazine's list of "Healthiest Housing Markets for 2009." Houston ranked first, Austin second, Fort Worth third, San Antonio fourth and Dallas fifth. Texas continues its trend of weathering the recession better than most other states. The state's major metros top the nation in home price appreciation over the last year according to a study done by California's First American CoreLogic, Inc.
Austin-Round Rock leads the country's largest core-based statistical areas (CBSA) in home price appreciation with a 3.7 percent increase in 2008, according to First American CoreLogic. Houston-Sugar Land-Baytown experienced a price appreciation of 3.3 percent over the last year, putting it right behind. Dallas-Plano-Irving homes appreciated 1.92 percent and San Antonio's homes 0.17 percent, putting them third and fourth in the nation.
Of the 958 smaller communities the study observed, College Station-Bryan experienced the sixth highest home price appreciation, with an increase of 6.78 percent. Overall, Texas homes saw an appreciation of 1.83 percent in 2008, putting the Lone Star State sixth among all state rankings.
Brought to you by!
Laura & Rod Watson
The Watson Group Realty
Re/Max Galleria Associates
4703 Richmond Ave Ste. B2
Houston, TX 77027
Office: 281-797-3841
Direct: 281-797-3941
E-mail: thewatsongorup.remax@gmail.com
Did you know that there are actually options available to you should you find yourself in the situation where you owe more for your home than it is worth on the market if you were to attempt to sell it?
One of these options is a Short Sale, which occurs when a lender agrees to accept less than the actual balance of the loan as payment in full, allowing you, the homeowner to get out of the property and start over.
Why are banks willing to do this? Because the alternative is foreclosure, and the foreclosure process is usually far more expensive than the discount that lenders take on a Short Sale.
How the Short Sale Affects Your Credit
What happens to your credit as a result of this, you may ask? In almost every case we have ever worked, the homeowner walks away from the situation free and clear with no further damage to their credit beyond the effect of the late or missed payments that led up to the situation.
The bottom-line: a Short Sale proves to be a "win-win" solution for everyone involved.
How Do We Get Paid?
In the Short Sale transaction, we primarily act as the real estate agent, which enables us to be the liaison between you, the homeowner and your bank, as well as all other parties in the transaction. For this service, the bank pays us a commission on behalf of the homeowner. The homeowner doesn't pay us anything!
We Knew We Could Help 
We began to realize, however, that we could develop a business helping homeowners get through this process and walk away from a potentially devastating situation with hope, our focus quickly shifted to simply offering our services as real estate agents. Furthermore, because so few real estate professionals have the information and experience to help their clients navigate this process, we have dedicated ourselves to providing a professional service to distressed homeowners in the Houston community.
If you have any questions or would like a free consultation on how we may be able to help you avoid foreclosure with a Short Sale. Contact us at 281-797-3941
Brought to you by!
Laura & Rod Watson
The Watson Group Realty
Re/Max Galleria Associates
4703 Richmond Ave Ste. B2
Houston, TX 77027
Office: 281-797-3841
Direct: 281-797-3941
E-mail: thewatsongorup.remax@gmail.com
www.katyforeclosurepreventionspecialists.com
www.houstonforeclosurepreventionspecialists.com
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The Watson Group Realty specializes in: Residential Listings, Foreclosure Prevention, Short Sale Listings, REO Properties, and New Home Sales in Katy, Cypress, Galleria, Medical Center, and Inner Loop
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