Welcome to AAA Realtors, your source for Plano real estate.
In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Plano with my New Listings Notification.
If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
AAA Realtors
Call Peter Wu or Linda Montaniel
(214)682-8888 cell
www.ok8888.com
777Realty@gmail.com
Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.
In addition, if you have any general questions about buying or selling real estate in Texas, please contact me as I'm more than willing to help.
Please browse my website for listings, reports and important local real estate information.Sincerely,Peter WuAAA Realtors
www.ok8888.com
214-682-8888 cell
777Realty@gmail.com
Tuesday, July 22, 2008
Monday, July 21, 2008
Reverse Mortgage # 1 Article
Charlie Houssiere's Article Number One on Reverse Mortages and Foreclosure Prevention
Charlie Houssiere, Houston Business Show Advisor on Mortgage Issues, recently wrote an article on How Reverse Mortgages Can Prevent Foreclosures. That article recently showed up number one in a Google Blog Search. In it, houssiere wrote:
Now you can stop a foreclosure with a Reverse Mortgage, which is not hard money or balloon loan that someone is normally pressured to get when facing a foreclosure. But a reverse mortgage can serve as a lifeline that saves one who is in danger of losing their home to foreclosure in the case of seniors aged 62-plus. A lot of seniors live with fixed incomes and are struggling due to the high cost of living. Numerous seniors have been left with an impossible decision to make, due to the rising costs of everything, from food and gasoline to new medical expenses. Even some of the adjustable rate mortgage programs that some seniors have found themselves taking have been on the rise. Some seniors may have chosen this option because they were misinformed or because they felt it was their only way of maintaining a low monthly payment. How do they decide what do? Do they make their mortgage payment instead of buying food and medicine? As seniors realize they are near or entering foreclosure, they have additional stress related to these decisions. Now here is the good stuff! No income or credit qualification is required in reverse mortgages. This can mean that even though you may have fallen behind on your mortgage repayments and the lender has filed a default notice, it may be possible for you to get a new reverse mortgage and avoid making another payment for life. This may be just the thing to help you or a loved one live free from fear, as long as you meet all of the other reverse mortgage criteria. What exactly are the requirements for a reverse mortgage? For the HUD government-insured mortgage, a borrower must be at least aged 62. There are programs with lower age limits, but they tend to offer you a correspondingly lower percentage of your house's value. There are guidelines that HUD has decided upon that your property must meet, and it also must be a type of property that is accepted. Be sure to let your reverse mortgage lender know what type of property you have and if you are subject to a homeowner's association, if your zoning is not residential, or if your property contains excess acreage; single family residences, town homes, modular homes on permanent foundations, condominiums are all generally acceptable but there may be additional requirements if you have anything other than a single family detached home. While some repairs can have funds set aside until they’re completed, your property will be expected to be maintained in a reasonably well condition and require no major repairs. Actually, the sole credit requirement is that, where a federal obligation or a federally insured loan is concerned, borrowers cannot be in default. This means that if you are in default on an SBA loan, an FHA insured mortgage or other federal obligation; you would not be eligible for a reverse mortgage. So you can still receive a reverse mortgage if the present delinquent mortgage is an FHA loan but has not had a notice of default filed yet. It would be necessary that the borrower bring in funds to cure the default before the reverse mortgage could proceed once the notice of default has been filed. Those funds could be procured from any number of places such as family or close friends. The borrower will never have to make another payment for life once the reverse mortgage has been funded and finalized! In order that a reverse mortgage loan not be a four or five day loan, the borrower(s) must be counseled, the loan must be processed (including property appraisal,) and all title issues must be reviewed, including trusts, conservatorships, etc. If you are going to use a reverse mortgage to halt a foreclosure, you must start on this process as soon as possible. If you or a loved one decide to look into a reverse mortgage, be sure to contact a reverse mortgage specialist to ask questions and see if it is your best option. Charlie Houssiere, Mortgage Loan Credit Specialists with Secure Mortgage Company, specializes in helping to show his clients their hidden retirement account. If you are in Dallas, Texas please call (214) 682-8888 Now !!!
Charlie Houssiere, Houston Business Show Advisor on Mortgage Issues, recently wrote an article on How Reverse Mortgages Can Prevent Foreclosures. That article recently showed up number one in a Google Blog Search. In it, houssiere wrote:
Now you can stop a foreclosure with a Reverse Mortgage, which is not hard money or balloon loan that someone is normally pressured to get when facing a foreclosure. But a reverse mortgage can serve as a lifeline that saves one who is in danger of losing their home to foreclosure in the case of seniors aged 62-plus. A lot of seniors live with fixed incomes and are struggling due to the high cost of living. Numerous seniors have been left with an impossible decision to make, due to the rising costs of everything, from food and gasoline to new medical expenses. Even some of the adjustable rate mortgage programs that some seniors have found themselves taking have been on the rise. Some seniors may have chosen this option because they were misinformed or because they felt it was their only way of maintaining a low monthly payment. How do they decide what do? Do they make their mortgage payment instead of buying food and medicine? As seniors realize they are near or entering foreclosure, they have additional stress related to these decisions. Now here is the good stuff! No income or credit qualification is required in reverse mortgages. This can mean that even though you may have fallen behind on your mortgage repayments and the lender has filed a default notice, it may be possible for you to get a new reverse mortgage and avoid making another payment for life. This may be just the thing to help you or a loved one live free from fear, as long as you meet all of the other reverse mortgage criteria. What exactly are the requirements for a reverse mortgage? For the HUD government-insured mortgage, a borrower must be at least aged 62. There are programs with lower age limits, but they tend to offer you a correspondingly lower percentage of your house's value. There are guidelines that HUD has decided upon that your property must meet, and it also must be a type of property that is accepted. Be sure to let your reverse mortgage lender know what type of property you have and if you are subject to a homeowner's association, if your zoning is not residential, or if your property contains excess acreage; single family residences, town homes, modular homes on permanent foundations, condominiums are all generally acceptable but there may be additional requirements if you have anything other than a single family detached home. While some repairs can have funds set aside until they’re completed, your property will be expected to be maintained in a reasonably well condition and require no major repairs. Actually, the sole credit requirement is that, where a federal obligation or a federally insured loan is concerned, borrowers cannot be in default. This means that if you are in default on an SBA loan, an FHA insured mortgage or other federal obligation; you would not be eligible for a reverse mortgage. So you can still receive a reverse mortgage if the present delinquent mortgage is an FHA loan but has not had a notice of default filed yet. It would be necessary that the borrower bring in funds to cure the default before the reverse mortgage could proceed once the notice of default has been filed. Those funds could be procured from any number of places such as family or close friends. The borrower will never have to make another payment for life once the reverse mortgage has been funded and finalized! In order that a reverse mortgage loan not be a four or five day loan, the borrower(s) must be counseled, the loan must be processed (including property appraisal,) and all title issues must be reviewed, including trusts, conservatorships, etc. If you are going to use a reverse mortgage to halt a foreclosure, you must start on this process as soon as possible. If you or a loved one decide to look into a reverse mortgage, be sure to contact a reverse mortgage specialist to ask questions and see if it is your best option. Charlie Houssiere, Mortgage Loan Credit Specialists with Secure Mortgage Company, specializes in helping to show his clients their hidden retirement account. If you are in Dallas, Texas please call (214) 682-8888 Now !!!
Sunday, July 20, 2008
Plano, Texas # 1 in the Nation (CNN News)
Small town life may mean big money
Plano, Texas, beats New York City if building wealth is your goal, according to a new survey.
NEW YORK (CNNMoney.com) -- If you'd like to build a nest egg with your paycheck, it may be time to give up New York and head for Plano, Texas.
A survey by pay experts at Salary.com evaluated 69 cities with more than 250,000 people and ranked the Big Apple last. Plano came in first among American cities in which to build personal wealth.
The survey, based on census data and Salary.com analysis, focused on local salaries, the cost of living and unemployment. Secondary factors, such as diversity of the local economy, residents' education, percentage of population below poverty level and commute time were also measured.
According to the survey, the top five cities are home to some of the nation's largest companies and have recorded strong periods of growth. Following first-place Plano came Aurora, Colo., Omaha, Neb., Minneapolis and Albuquerque N.M.
New York's diverse economy and highly-educated residents couldn't save it from sinking to the bottom due to its high cost of living and paychecks that just aren't "inflated" enough to make up the difference, the report stated.
Following last-ranked New York were Washington, D.C., Los Angeles, Honolulu and San Francisco.
First Published: June 30, 2008: 3:20 PM EDT
Plano, Texas, beats New York City if building wealth is your goal, according to a new survey.
NEW YORK (CNNMoney.com) -- If you'd like to build a nest egg with your paycheck, it may be time to give up New York and head for Plano, Texas.
A survey by pay experts at Salary.com evaluated 69 cities with more than 250,000 people and ranked the Big Apple last. Plano came in first among American cities in which to build personal wealth.
The survey, based on census data and Salary.com analysis, focused on local salaries, the cost of living and unemployment. Secondary factors, such as diversity of the local economy, residents' education, percentage of population below poverty level and commute time were also measured.
According to the survey, the top five cities are home to some of the nation's largest companies and have recorded strong periods of growth. Following first-place Plano came Aurora, Colo., Omaha, Neb., Minneapolis and Albuquerque N.M.
New York's diverse economy and highly-educated residents couldn't save it from sinking to the bottom due to its high cost of living and paychecks that just aren't "inflated" enough to make up the difference, the report stated.
Following last-ranked New York were Washington, D.C., Los Angeles, Honolulu and San Francisco.
First Published: June 30, 2008: 3:20 PM EDT
Saturday, July 19, 2008
Plano, Texas # 1 in the Nation !!!
http://money.cnn.com/2008/06/30/real_estate/personal_wealth/index.htm?section=money_topstories
Let me help you to find a good investment in Plano, Texas.
Call (214) 682-8888 ask for Peter
or (469) 569-0567 ask for Linda
www.ok8888.com
Let me help you to find a good investment in Plano, Texas.
Call (214) 682-8888 ask for Peter
or (469) 569-0567 ask for Linda
www.ok8888.com
Dallas Real Eatate Guru
Resume for Fu-sung Peter Wu 08/08/2008
Chairman of Global Currents in Taiwan
Supporting Dr. Ma, Ying-jeou ( President of Taiwan ROC 2008 )
www.President.gov.tw/en/
www.ok8888.com
okokok8888@gmail.com
777Realty@gmail.com
(214) 682-8888 cell
(702) 577-7112 cell
1545 K Ave. Suite 165 Plano, Tx. 75074
AAA Realtors; 777 Realty & OK Business Opportunity Broker in Texas & Nevada.
Broker-Owner / Business Broker
Business/Commercial/Residential/Property Management/Leasing
Foreclosure / Short Sale Specialist !!!
Digital Internet Network Marketing !!!
100 % Commission Agency Worldwide !!!
No Monthly Fee !!! Call Now (214) 682-8888 ask for Peter Wu
www.ok8888.com
http://AAARealtors.blogspot.com
Century 21 Gold Wu; AAA Realtors; 777 Realty
Owner-Designated Broker since Dec/1978.
( Texas & Nevada Real Estate Broker / Business Broker )
www.ok8888.com
OK Mortgage / Owner-Mortgage Broker since Jan/2001.
( Mortgage Broker )
www.ok8888.com apply real time online now !!!
FHA; Conventional; VA; SBA Loans; Hot Money Loans.
http://OKMortgage.blogspot.com
OK Insurance Agency / Broker since July/2001
AIG Full Lines Product – Life & Health & Disability Insurance
Farmers Property & Casualty – Auto / Homeowner / Business
Texas Instrument – SAP Engineer from 1997 to 2001.
www.ti.com
Biology & Chemistry Teacher in Yang-mei Senior High.
US Citizenship.
Target Market: Asian Niche Market
Education:
Master in International Management from UT at Dallas.
( 1976 – 1979 )
B.S. – Biology from National Taiwan Normal University
( 1973 )
Hobby: Golf, Casino-Baccarat.
Blogger:
http://okmortgage.blogspot.com
http://aaarealtors.blogspot.com
Member:
Lions Club in Las Vegas
One World Community Center
Church in Dallas
Chairman of Global Currents in Taiwan
Supporting Dr. Ma, Ying-jeou ( President of Taiwan ROC 2008 )
www.President.gov.tw/en/
www.ok8888.com
okokok8888@gmail.com
777Realty@gmail.com
(214) 682-8888 cell
(702) 577-7112 cell
1545 K Ave. Suite 165 Plano, Tx. 75074
AAA Realtors; 777 Realty & OK Business Opportunity Broker in Texas & Nevada.
Broker-Owner / Business Broker
Business/Commercial/Residential/Property Management/Leasing
Foreclosure / Short Sale Specialist !!!
Digital Internet Network Marketing !!!
100 % Commission Agency Worldwide !!!
No Monthly Fee !!! Call Now (214) 682-8888 ask for Peter Wu
www.ok8888.com
http://AAARealtors.blogspot.com
Century 21 Gold Wu; AAA Realtors; 777 Realty
Owner-Designated Broker since Dec/1978.
( Texas & Nevada Real Estate Broker / Business Broker )
www.ok8888.com
OK Mortgage / Owner-Mortgage Broker since Jan/2001.
( Mortgage Broker )
www.ok8888.com apply real time online now !!!
FHA; Conventional; VA; SBA Loans; Hot Money Loans.
http://OKMortgage.blogspot.com
OK Insurance Agency / Broker since July/2001
AIG Full Lines Product – Life & Health & Disability Insurance
Farmers Property & Casualty – Auto / Homeowner / Business
Texas Instrument – SAP Engineer from 1997 to 2001.
www.ti.com
Biology & Chemistry Teacher in Yang-mei Senior High.
US Citizenship.
Target Market: Asian Niche Market
Education:
Master in International Management from UT at Dallas.
( 1976 – 1979 )
B.S. – Biology from National Taiwan Normal University
( 1973 )
Hobby: Golf, Casino-Baccarat.
Blogger:
http://okmortgage.blogspot.com
http://aaarealtors.blogspot.com
Member:
Lions Club in Las Vegas
One World Community Center
Church in Dallas
Dallas Real Eatate & Mortgage
Peter Wu
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
While everybody appreciates a surprise on occasion, nobody likes to be surprised when fielding purchase offers for their home. Unfortunately, most sales fall through because of unforeseen complications such as encroachments, title issues and assessments.
As your real estate professional, my job is to eliminate the surprises. In the current market, every offer is potentially the last offer, and most sellers simply cannot afford to let one get away. Let's put together a plan to prevent any surprises on the way to getting your home sold. Call or email me today!
Regards,
Peter Wu
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
While everybody appreciates a surprise on occasion, nobody likes to be surprised when fielding purchase offers for their home. Unfortunately, most sales fall through because of unforeseen complications such as encroachments, title issues and assessments.
As your real estate professional, my job is to eliminate the surprises. In the current market, every offer is potentially the last offer, and most sellers simply cannot afford to let one get away. Let's put together a plan to prevent any surprises on the way to getting your home sold. Call or email me today!
Regards,
Peter Wu
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
Friday, July 18, 2008
Dallas Real Eatate & Mortgage
First off a short sale is a situation where the home owner owes more than market value on thier home. The term short sale has been seen more and more lately due to the decline in home values over the past 1+ year. On top of that there are also several loans such as an ARM that has come time to adjust and the home owner is unable to refinance their home loan. This causes them to fall behind in payments starting the foreclosure process on their home.
A short sale works like this. The seller gets an offer on their home (below what they owe). They than submit that offer to their lender (usually working with a Realtor) for approval along with a bunch of other paperwork (Tax Returns, W2s, Bank Statements, Hardship Letter, etc). If the bank thinks they can just cut their losses with the home more than likely they will take the offer. If not they may want to counter the offer.
What does this mean to you? Well if you are selling your home you will need to be aware that these homes are out there as they will more than likely compete with your home for showings. Chances are they will also undercut your price on your home in order to make sure they get an offer. The good news is, a lot of buyers to not want to take the time to purchase a short sale home as it can take 30-60-90 days to get a response and the condition of the home is typically less than perfect.
What does this mean to you if you are buying a home? Well if you need to move right away or do not have the patience to wait a short sale out these may not be a good fit. If you do have the time and patience you may be able to find a nice price on your next home.
There are pros and cons for both. It is our job to do our best to walk you through each scenario and do what is best for you. If you have any questions about this, please feel free to email me at 777Realty@gmail.com www.ok8888.com or Call (214) 682-8888
ask for Peter Wu
A short sale works like this. The seller gets an offer on their home (below what they owe). They than submit that offer to their lender (usually working with a Realtor) for approval along with a bunch of other paperwork (Tax Returns, W2s, Bank Statements, Hardship Letter, etc). If the bank thinks they can just cut their losses with the home more than likely they will take the offer. If not they may want to counter the offer.
What does this mean to you? Well if you are selling your home you will need to be aware that these homes are out there as they will more than likely compete with your home for showings. Chances are they will also undercut your price on your home in order to make sure they get an offer. The good news is, a lot of buyers to not want to take the time to purchase a short sale home as it can take 30-60-90 days to get a response and the condition of the home is typically less than perfect.
What does this mean to you if you are buying a home? Well if you need to move right away or do not have the patience to wait a short sale out these may not be a good fit. If you do have the time and patience you may be able to find a nice price on your next home.
There are pros and cons for both. It is our job to do our best to walk you through each scenario and do what is best for you. If you have any questions about this, please feel free to email me at 777Realty@gmail.com www.ok8888.com or Call (214) 682-8888
ask for Peter Wu
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