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Posts from October 2011

Eric's Blog

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October
27

October 27th, 2011 by

$100 low Downpayment Program may Fuel HUD Sales Recovery

Just when we thought it was back to business as usual with mandatory 3.5% Downpayments as a minimum standard for owner occupied HUD Foreclosed properties, the announcement came out last week that HUD will now accept as little as $100.00 for a Downpayment in addition to the customary 3% they have and will continue to agree to pay toward Buyer closing costs.   While this may be a welcome move for many new or 1st time Buyers and all owner occupants, it reminds me a little of what got us in the foreclosure mess to begin with...  Obviously, prudence is needed and new home owners should have a clear understanding of their obligations when agreeing to the terms of any new mortgage.  I can't say that I am in 100% agreement with their decision on this one... however, this will be a welcome opportunity for anyone...

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Categories: Uncategorized
October
24

October 24th, 2011 by

Here's a quick video discussing previously listed homes and Eric's Track Record of Success.  Find out today what changes you will need to make in order to be successful with the sale of your home.

Categories: Uncategorized
October
5

October 5th, 2011 by
Amended Law now requires homeowners when applying for the homestead exemption to show proof that Driver's License and Vehicle Registration showing Applicant living as same address as applying for in Homestead Exemption.  They must also declare that they are not claiming the exemption for another property in or out side of Texas.
The law which goes into effect Sept. 1, 2011 only applies to homeowners who have not applied for the Homestead Exemption on their principal residence prior to Sept. 1, 2011.
Here is an excerpt from the State comptrollers office regarding Homestead Exemptions and the changes to the law.
HB 252
Subsection (n) is added to prohibit a chief appraiser from allowing a homestead exemption unless the addresses on the required forms of identification mat...

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Categories: Uncategorized

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