Bonfire Memorial - Texas A&M University - We Must Never Forget!
July 25th, 2008 categories: Community Events
Beginning in 1909 the students at Texas A&M University started working together to build a massive bonfire (called "The Stack") before the football game against TU. This tradition continued each year until 1999.
Early in the morning on November 18, 1999, the "stack" collapsed killing twelve students and injuring at least 27 others. Bonfire was cancelled that year and has not been an on school event nor a school sanctioned event since.
This tragedy is remembered through a beautiful memorial on the Texas A&M University campus.
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FHA- On the Upswing
July 25th, 2008 categories: Buying Real Estate, Selling Real Estate
With FHA mortgages (those insured by the Federal Housing Authority) becoming so popular again, I thought you would be interested to learn that the current loan limit on a single family home is $271,050.
The process is also much more user-friendly than in the past. They have eliminated the gift restriction on down payments. Now, a buyer's entire down payment can be a gift from a family member, employer, charity, or local government entity. Also, a seller can contribute as much as 6% of the home's price towards closing costs.
FHA has produced a brochure entitled "FHA Improvements Benefit You." For a copy of this brochure, please email me at madeline@century21bcs.com
Thanks to Brenda Williams and City Bank Texas for sharing this information.
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What is Mortgage Insurance and Why Do I Need it?
July 25th, 2008 categories: Community Events
Mortgage insurance is normally known as Private Mortgage Insurance (PMI). It typically is only talked about with conventional loans but read on - there is more and it will cost YOU money!
Mortgage insurance is like an insurance policy that protects the lender against some (or most) of the loss that results if the homeowner defaults on the home loan. When the homeowner defaults, the property is either sold through a short sale or is foreclosed. Either way there is usually a loss for the lender and that is when the PMI comes into play.
PMI is usually required ...
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Pebble Creek Deed Restrictions Every Home Owner Should Know
July 24th, 2008 categories: Community Events
30 Deed Restrictions Every Home Owner Should Know
This list is compiled from several documents that govern the Pebble Creek Owner's Association (PCOA). It is not intended to be a complete list and some restrictions pertain only to certain phases. It is intended to improve self-compliance by providing an easier to read document that will improve our understanding of the restrictions. Each homeowner should have a copy of the deed restrictions that apply to their phase. Please refer to that document for detailed information.
1. Property ...
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What is a HUD home? Do You Want One?
July 24th, 2008 categories: Community Events
Ever wondered what a HUD home really is and if we have any in Bryan & College Station, Tx?
HUD defines a HUD home as "A HUD home is a 1-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage." Since HUD is then the property owner, they offer it for sale and attempt to recover any loss on the foreclosure claim. HUD is not interested in owning properties.
A HUD home does NOT mean it is low priced, in a ...
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Williams Creek - Luxury Rural Estate Homes in South College Station, Tx
July 23rd, 2008 categories: Community Events
Williams Creek in south College Station, Texas
As of July 23, 2008 there are 4 properties on the market through the Bryan/College Station Multiple Listing Service (MLS). These 4 properties range in listing prices from $474,500 to $1,150,000.
From January - June 2008 there were 3 properties reported as sold and one as still (more...)
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