Townhouse in Houston Texas Medical Center

Wonderful one bedroom 1.5 bath townhome in Medical Center with 2-car attached garage; nice living area with fireplace; galley kitchen w/breakfast area; Very neat; extremely quiet neighborhood; kitchen includes walk-in pantry; free basic cable; great pool area; racquet ball; tennis court. Conveniently located on bus route to Medical Center or UT Shuttle; 24 Hour Manned Gate. Additional storage room ready to be finished for second bedroom or nursery.

Listing Price: $122,500

Address 7447 Cambridge 113
City / Zip: Houston / 77054
Subdivision: City Place
Property Type: Townhouse / Condo
Status: Active on Market
Bedrooms: 1 Bedroom(s)
Baths: 1 Full & 1 Half Bath(s)
Garage: 2 Car Attached
Stories: 2 Story
Style: Traditional
Year Built: 1980 / Appraisal District
Building Sqft: 1,181 / Appraisal District
Front Door: East
Unit Level: Levels 1 and 2
Maintenance Fee: 399 monthly
Mrkt Area: Medical Center
Key Map® : PAGE 533J
MLS# / Area: 93064448 / 17-Southwest

Click here to view listing: http://tinyurl.com/yady2ym

Cities Where Housing Is on the Mend

No cities have totally avoided the foreclosure crisis, but some were able to sidestep the worst of it. These markets are now recovering quickly.

The recovery is swiftest in those areas that didn’t have as much of a housing price run up to begin with, either because the economy in those areas has stayed healthy or the economy has been limited for decades and residents have adapted or left.

To identify places where the recovery has begun, Forbes magazine examined the number of loans that were foreclosed in the 100 largest metropolitan statistical areas. Then it calculated the percentage of loans that are descending further into delinquency vs. those that are improving. The lower the deterioration ratio, the higher the ranking.

Here are the cities that fared best by that measurement and are recovering the most quickly:

1. Harrisburg-Carlisle, Pa.
2. Austin-Round Rock, Texas
3. Ogden-Clearfield, Utah
4. Buffalo, N.Y.
5. Knoxville, Tenn.
6. Raleigh, N.C.
7. San Antonio, Texas
8. Syracuse, N.Y.
9. Salt Lake City, Utah
(Tied)
10. Moline, Ill.
10. St. Louis
10. Wichita, Kan.
10. Rochester, N.Y.

Source: Forbes, Francesca Levy (12/09/2009)

First Time Home Buyer Tax Credit

What do you think about the First Time Home Buyer Tax Credit? Have you taken advantage of this tax credit? Do you know someone who has?

Smart Phones

What is your choice for the best smart phone?

Pre-Approval Letters That Count

For a Pre-Approval Letter to have some weight the loan officer should include the following;

1. A statement that the loan application has actually been made.
2. The income documentation has been provided and reviewed.
3. Asset documentation has been provided and reviewed.
4. Credit report has been pulled and reviewed.
5. Based upon the provided documentation the borrower meets the underwriting guidelines for the loan program selected. (FHA, VA, or Conventional)
6. There are no outstanding issues that would prevent the borrower from obtaining a loan.

Basically everything presented by the client to the lender must be documented and reviewed. No verbal representation can be considered valid.

FREE HOME SEARCH SERVICE

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Pre-Qualification Letter or Pre-Approval Letter

Here is something to consider... Pre-Qualification Letter or Pre-Approval Letter

Which one do you need to get the attention of the Seller?

Social Media

I am excited about my new found love for Social Media. Just about a month ago I started Face Book and Twitter. So far I have reconnected with some old and some very old friends. A lot of folks I have not spoken to in over 35 years.

Wow! This is wonderful. You don't have to leave the house. You don't have to pay for postage. You don't have to look up addresses. And when people get married, the name change is not an issue. They will find you and tell their friends where you are so they may connect.

Also on my list of SM things to do is Linkedin. I already had an account, but never utilized it before. Now I have connected and reconnected with over 150 people via FB and Linkedin combined.

Maiden BLOG

This is my first BLOG and hopefully it will not be my last. Have you been blogging much?

Don't have much to write about today, but I am sure as time goes on I will become more verbose.