El Paso Homes

Mortgage insurers are rescinding (denying) claims, claiming themselves that the loans were fraudulent and misrepresented to them.

Big surprise that yesterday's blog garnered quite a few responses, not just on the page, but from folks here in DC who are involved in all those closed-door negotiations at Administration office buildings.

Politicians want to keep borrowers in the homes because that's the compassionate thing to do. The big bad banks just want to cut their losses right? Well, maybe not.

Retail is flailing under job losses and consequent weak consumer spending, and rock-bottom priced housing is forcing rental rates down and vacancies up in the apartment sector. How could REITs in these sectors be performing so well?

Here are some things you can do to improve you debt to income ratios to qualify for an FHA loan. Your objective is to reduce your debt- to- income.

Pay down/pay off debt like credit cards that show up on your credit report.

Teachers should try to get your student loan deferred. ( these payments do not have to be included in your debt if deferred for 12 months).Pay off an auto loan (this is one of the biggest killers on a credit report)

Consider a home in a lower price point

Today the National Association of Realtors reported an unexpected 7.6 percent monthly drop in its Pending Homes Sales Index in January.

Here are some things you can do to improve you debt-to-income ratios to qualify for an FHA loan. Your objective is to reduce your debt-to-income.

1. Pay down/pay off debt like credit cards that show up on your credit report.

2. Teachers should try to get your student loan deferred. ( these payments do not have to be included in your debt if deferred for 12 months).

3. Pay off an auto loan (this is one of the biggest killers on a credit report)

4. Consider a home in a lower price point

I've been talking to a lot of Realtors this week, who tell me that there are definitely folks out there kicking the tires, but it's all about price point.

If you have inherited land in Horizon City  I may be able to help sell it. A client recently asked me to research and market his 4 acres but didn’t have a survey to tell me where it was located. So I put together the following information and thought it would be useful to others in the same situation.

 The Grantor  during the 60s of most, if not all the land in Horizon was Horizon Properties Corp. 

Use the link below to locate your parcel(s) by unit number. 

Map of your unit at Horizon City.  The units marked with red outline have water service and considered MUDs. Once you locate it, depending how far from developed land it is you may want to consider selling it. Your next step is to have an official survey done to pin point exactly where it is then call a knowledgeable realtor to market the property for you.   

 

Yvonne A. Russell,  REALTOR® 

RE/MAX Associates

10940 Ben Crenshaw, Suite C

El Paso, Texas  79935

(915) 873-8646

 

Search El Paso – Horizon City – Fort Bliss at  ENTIRE MLS

 

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