Visit Lakes of Bella Terra! Homes Priced From the $170's to the $2 Million
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West Houston's most dynamic new destination to live, shop, play, learn and grow all in a family friendly, resort setting. Lakes of Bella Terra welcomes LCISD's new Joe A. Hubenak Elementary school opening in Fall 2009, and Westlake Preparatory Lutheran Academy opening right next door in Fall 2008. A myriad of fabulous shops and restaurants are opening soon right down the street at The Shops of Bella Terra! |
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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.cincoranchkatytexasnewhomesforsale.com
What's In the Foreclosure Prevention Plan?
The Obama administration yesterday released its long-awaited plan to stem foreclosures. It's organized into three categories:
1.) Help for home owners making their payments but at risk of default and foreclosure.
Home owners with a Fannie Mae or Freddie Mac loan would be eligible to refinance as long as their mortgage doesn't exceed 105 percent of the home's current market value. Currently owners need to have at least 20 percent equity. Potential impact: 4-5 million households.
2.) Help for home owners already in default and in need of loan modification.
For lenders that voluntarily agree to lower a borrower's payment so that it makes up no more than 38 percent of the borrower's income, the government would share the cost of lowering the mortgage burden to 31 percent of income. Incentives to lenders to participate include a $1,000 payment.
Borrowers can receive up to $1,000 as an incentive to stay current on their new mortgage. Still in the works is a proposed provision that would allow bankruptcy judges to require loan modification (known as a cramdown) as part of a household's restructuring. That provision requires legislation by Congress. Estimated potential impact: 3-4 million households.
3.) Doubled resources to Fannie Mae and Freddie Mac.
To encourage investors to buy the secondary market companies' mortgage-backed securities, the government explicitly backstops them to up to $400 billion, twice the current amount.
The plan does not provide help to investors or to home owners who are in trouble with a second home, nor does it apply to homeowners whose mortgage is part of a private-label mortgage security that is not backed by Fannie Mae or Freddie Mac.
The administration's proposed plan, combined with provisions like the $8,000 first-time home buyer tax credit in the just-enacted American Recovery and Reinvestment Act, should help minimize foreclosures, shrink housing inventory, stabilize home values, and move the country closer to an economic recovery. We hope?
If you are some one you know is facing foreclosure give us a call for a free consultation. We may be able to help save your home and credit! Call 281-797-3941 or vist one of our foreclosure prevention sites below.
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
Family Life Assembly of God, 1012 S. Mason Road in Katy, will host a one-day spring break sports camp for youths in kindergarten through sixth grade on March 19, from 8:30 a.m.-2:30 p.m.
The church wants to give kids the chance to learn more about sports, discover character-building concepts and have fun. States children's pastor Debbie Kammerlohr.
At Game-Plan sports camp, youths can pick between soccer, basketball and cheerleading. Game-Plan sports camp is intended to help youths improve their skills. Drills and practice will focus them on fundamentals.
Between sports sessions, coaches lead in songs and tell stories and object lessons that help character-building themes take hold in youths' hearts.
Lunch and snack will be provided. There is no fee to attend, but registration is required. Space is limited.
To register, go to www.familylifeassembly.org or call 281-392-0637.
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
With a plan of attack, you can maintain a sparkling, show-ready house in just 19 minutes a day.
These room-by-room to-do lists will help you get the work done quickly so that your house is always in tip-top shape to welcome prospective buyers.
Kitchen, 4 1/2 minutes daily
Always start with the sink, a sparkling sink becomes your kitchen's benchmark for hygiene and tidiness, inspiring you to load the dishwasher immediately and keep countertops, refrigerator doors and the stove top spick-and-span, too.
Wipe down the sink after doing the dishes or loading the dishwasher (30 seconds).
Wipe down the stove top (1 minute).
Wipe down the counters (1 minute).
Sweep, Swiffer or vacuum the floor (2 minutes).
Bathroom, 2 minutes daily
Make cleaning the basin as routine as washing your hands. But don't stop there. Get the most out of your pre-moistened wipe by using it to clean around the edges of the tub and then the toilet before tossing it.
Bedroom, 6 1/2 minutes daily
Make your bed right before or after your morning shower. A neat bed will inspire you to deal with other messes immediately. Although smoothing sheets and plumping pillows might not seem like a high priority as you're rushing to work, the payoff comes at the end of the day, when you slip back under the unruffled covers.
Family room, living room, foyer, 6 minutes daily
Start with the sofa because as long as it's in disarray, your living room will never look tidy. Once you've fluffed the pillows and folded the throws, you're halfway home. If you pop in a CD while you dust, you should be able cover the whole room by the end of the third track.
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 Short Sale
Did you know that there are actually options available to you should you find yourself upside down in your home and facing foreclosure? 
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!
Are we Investors?
So you might wonder, since we are also Investors, why don't we actually purchase these properties as investments, since we could buy them at a discount. Well, as any smart investor knows, to make an investment worthwhile, the property must be purchased at no more than 65-70% of its after-repair-value. Generally, in a Short Sale, unless the property is in horrific condition, the bank will not discount the loan below 75-85% of its appraised value.
Since 95% of the calls we get come from first-time homebuyers who have bought brand new homes in the last 2-5 years, the banks simply cannot discount the property enough for it to qualify as an investment opportunity for us.
When we first started our Short Sale business, our primary objective was to purchase investment properties through this process. We quickly learned, however, that it was like looking for a needle in a haystack to find a good investment candidate.
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 or just click on the link below to request more information. http://www.laurawatson.remax-texas.com/remaxtx/modules/global/forms/consumerrequest.asp?AccountID=128831
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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