Forney, TX

Listed below are market reports for Forney TX. Some may not realize that Heartland TX is grouped in with Forney TX in the 75126 zip code. Schools are generally in Crandall ISD.

These reports have pulled data for October 2009, but also include monthly numbers for the past year through 2008. November reports will be available soon. I wasn't sure whether these would be better monthly or quarterly. If you have any feedback as a consumer, just let me know.

If you are looking to buy or sell a house in this area, I would be glad to have the opportunity to assist you.

I've been working with a client for a while on his loan modification. After several modification package submittals and many phone calls, my seller receives a letter stating that the seller's modification was denied due to their monthly income. Mind you, when my seller applied, he was the only one working and there was definitely a financial hardship. Plus he had mounting medical bills from a family member's medical care.

Anyway, they send the denial letter one day and then the very next day, they send the Foreclosure Letter. What is going on?? I ask. He contacted me on a Monday and the home was suppose to be foreclosed on that Tuesday. I immediately tell him to get back on the phone with the servicing company and demand to speak with a supervisor. Of course he gets the runaround from customer service and the loss mitigator, to no avail. I then give him links and information about the "Making Home Affordable" Program and how lenders are not suppose to be foreclosing on sellers that would like to remain in their homes.

Armed with that information and the phone numbers and emails of a couple of top executives, we called the foreclosing attorney's office, the top level execs and the loss mitigation dept. We also faxed everyone the info about the "Making Home Affordable" guidelines as well another hardship letter.

Within 30 minutes, we get a call from the original loss mitigator stating that the lender has decided to review my seller's file again and that they would get back to them in two weeks with either the option of reducing their interest rate or reducing their monthly payments and adding the past due amount to the end of the loans.

We were ecstatic. We could not believe it!! It just goes to show you that a lot of these servicing company employees have no idea about the new regulations or they don't care. It also shows that homeowners need to do their research and perhaps have an experienced professional by their sides to help them through the modification process.

Good Luck to all of you on your modifications.

MeLisa Minter

www.homesmint2be.com

I am a discount Realtor here in Dallas and was wondering thoughts on why exactly a listing agent deserves as much as a buying agent.  What tangible things to listing agents do that deserve this extra percentage?  Print advertisement to me is not a tangible or effective medium.  My basic opinion as a newbie is that if the house is listed on the MLS with nice pictures and description and is priced right for the area it will sell.  

99% of the time it will be shown by another agent and as long as they get their 3% they should be happy.  As for listing honestly it take maybe six maybe 12 hours total to research, meet, take pictures, list online and also on google yahoo and other sites,  possibly send some blast emails out and then answering phone calls, which not many folks call directly from signs. 

Main question here is what other than the MLS actually sells properties and warrant a Listing agent getting the same pay as a buyers agent who spent time, maybe months showing countless houses.  

The reason I bring this up is that on a recent shortsale the bank approbed 5% commission and I only got 2.5% for being the Selling agent .  The listing agent in my opinion should have taken 2% and given me the whole 3%. 

Thanks

RJ

Are You Upside Down

with your mortgage? A SHORT SALE could be your solution.

If you live in certain new communities in Forney, Texas, such as Travis Ranch, The Villages of Fox Hollow or the Trails of Chestnut Meadows, just to name a few, you are probably aware that there have been several foreclosures in your community lately. Needless to say, these foreclosures have affected the Value of your Investment...Big Time!!

If the Market Value of your property is considerably less than what you paid for it, say three to four years ago, then you are what we call in the Real Estate Industry, "UPSIDE DOWN" in your mortgage. Meaning you owe more for the home than it is worth.

You are not alone, so don't feel discouraged. But if you are getting to where you can't make the payments on your mortgage for some unseen financial hardship reason, then you may qualify for a Short Sale.

What is a Short Sale? A Short Sale occurs when the seller request that the lender accepts less on the mortgage than is due. Short Sales can occur if you are upside down in your mortgage loan - upside down meaning that you owe more on your home than its current market value. This can also happen if there are numerous foreclosures in our community or the values have decreased overall and you cannot sell your home for more than you owe on the mortgage.

Visit our website for more information on short sales and to register for your FREE Short Sale Report. We are helping residences of Kaufman County AVOID FORECLOSURE.

Integrity in Real Estate since 1997.

Call or Click for more information and to register for your FREE Short Sale Report!

469-766-7379

www.homesmint2be.com

MeLisa Minter, MBA, Realtor

Windmill Farms Forney, TX

Owning a home with your signature on it defines who you are. Working with our outstanding builders, you can create the home you have always wanted.

Hundreds of designs, floor plans, options and upgrades give you the flexibility you'd expect from well-known builders like Woodhaven Custom Homes.

With prices starting from the $140's to the $240's you can easily select a home that matches your needs with your budget, comforted by the knowledge you are making a sound investment in your future.

Your friends will be envious. You'll be living!

For additional information and/or assistance finding your new home email us at suzanne@teamathey.com or visit our website at www.teamathey.com.