Archives: April 2012

Are you upside down on your mortgage?

Principal Reduction Alternative (PRA) If your home is currently worth significantly less than you owe on it, MHA’s Principal Reduction Alternative (PRA) was designed to help you by encouraging mortgage servicers and investors to reduce the amount you owe on your home. + Eligibility You may be eligible for PRA if: Your mortgage is not owned or […]

How to become a Real Estate agent

From the Trec website: How to Become a Licensed Real Estate Salesperson Note: To be eligible to apply for a real estate Salesperson License, an individual must be a citizen of the United States or a lawfully admitted alien, eighteen (18) years of age or older and a legal resident of Texas. Very Important! Fingerprint Requirements for […]

Updating Fixtures

Be careful when renting changing fixtures. The landlord has a right to charge for any fixtures removed from the property. See below: D. Prohibitions: If Tenant installs any fixtures on the Property, authorized or unauthorized, such as additional smoke detectors, locks, alarm systems, cables, satellite dishes, or other fixtures, such fixtures will become the property […]

Renters insurance good idea?

I recommend to all my renters to have renters insurance, it is a low cost insurance and can save your personal belongings. Most landlords only carry insurance to cover there property not the renters. See below from the Texas Department of. Insurance: Renters insurance, sometimes called tenant insurance, pays to replace or repair your personal property if […]

Court Cost in a eviction

In an eviction in Texas if the Tar lease is used it has this verbage:   27. DEFAULT: A. If Landlord fails to comply with this lease, Tenant may seek any relief provided by law. B. If Tenant fails to timely pay all amounts due under this lease or otherwise fails to comply with this […]

Hud is offering 100 down again

HUD is offering several new sales incentives on HUD homes that will make these homes more affordable for homebuyers.  The incentives vary from state to state, but may include the following: Broker bonuses for owner-occupant sales $100 down payments on HUD Homes financed with FHA-insured financing Sales allowances that can be used to pay closing […]