ok... so the old adage if it sounds too good to be true, it probably IS too good to be true!
I sought out some information on a company today because I just can't seem to grasp the concept. With a background in Mortgage and Title - and now a Realtor - I thought I had a pretty good understanding?!?!
TUC, The United Cities Group, a Florida based company,has launched a new financial mechanism based on private currencies which are backed by the total net worth of their network.
So basically, they are helping homeowners who either are unable to catch up their mortgage or those who have ARMS that are about to adjust and they are unable to refinance the mortgage.
They are not under the jurisdiction of the Federal Reserve, but are insured by the FDIC. For whatever that's worth right now??? So they offer one rate, claiming they are eliminating the middle man, and lending their own funds. This is all regardless of your credit history or qualification ability. They purchase your home for cash and quit-claim the deed back to you, for the first 12 months you make no payments and starting month 13 you start making payments at the rate assigned (currently 4.5%) amortized over 29 years vs. 30.
So what's the catch? I spoke with my attorney, he states that yes, basically any individual can hold a mortgage, ok knew that... but what other risks are involved?
If you have had any experience with this company, I would love your feedback!
The River Walk at Central Park is planned as the Town of Flower Mound's 21st Century downtown, integrating commercial and residential uses within the development. The River Walk at Central Park is intended to capture the vitality, flexibility, convenience and charm carried through by traditional towns that were once common throughout America.
Commercial uses in the development will include medical, office, retail and dining. Many of the buildings will accommodate street-fronting shops and restaurants with offices and residences located on upper floors. Residential uses in the development will include a variety of living choices, including townhouse, apartment, condominium, lofts over retail and office, assisted living and senior living.
The River Walk Park will be a focal point for Flower Mound, its design will allow and encourage people to work and live in close proximity and provide a pedestrian oriented environment that is accented by a river walk park that traverses the entire development and will provide linkages to the existing Timber Trails Park and to other parts of the community through the Town's trail system, encouraging walking, jogging, and biking.
At the center of the development, Central Park, a crescent shaped public park, will become Flower Mound's Town Green and provide a gathering space for community events.
Planning and zoning commissioners unanimously voted to recommend approval of three items involving the River Walk to the town council. The commission approved an amendment to the land use plan to allow mixed-use development. It also approved a request to amend land development regulations by creating the Central Business District as a new zoning district, and it approved a rezoning request from Planned Development, Unit 2 to Central Business District.
Flower Mound Town Council could potentially be presented this for vote by August 18th. Stay tuned for further information!
New Price! Awesome Family Home in Popular Northpointe!
Location: Northpointe
Spacious 4 bedroom 2.5 bath home located in sought after Northpointe Subdivision. Home is in walking distance to jogging trails and park. Extra long driveway, extra room in garage. Buyer to verify square footage.
This home truly has it all! Grand entrance through leaded glass door to soaring ceilings, beautiful hardwood floors, custom paint, textured walls, new frieze carpet, new bronze door and bath hardware, updated lighting, appliances, large kitchen island, french doors to downstairs study, 2 in. blinds, gas log fireplace, large walk in closets in all bedrooms, more storage than you can find stuff for! Garage has built in overhead storage, solar screens in family room windows. Beautiful resort pool with sundeck, aggregate decking, and custom lighting! Still have plenty of yard to play.
Don't miss this opportunity to own this grand home at rock bottom price. Owner is leaving the country and must sell fast! Beautiful tiled entry with grand staircase. Combined formals and beautifully updated lighting. Soaring ceilings, wood floors, master downstairs, 4 living areas, 4 bedrooms. Beautiful cabinetry, , black appliances, breakfast bar, gas cooktop, covered porches in front and back, rear entry garage! Community park, community pool, awesome convenient location off of Hebron Parkway.
The Nautica 2697 Sq. Ft. 4908 Berkley Drive Orig. $305,940 NOW $258,000
5 Bedrooms, 4 Baths, Children's Retreat, and Covered Porch. Features Wrought Iron Spindles, Upgraded Cabinet, Granite Countertops & Stainless Steel Appliances, Double Crown Moldings and 5 inch Base Boards!
A Must See!
The Saxton 2632 Sq. Ft. 4909 Atworth Lane Orig. $296,485 NOW $258,000
Sold Single Family Homes in Carrollton from April 1, 2008 - April 30, 2008: 104
Average Days on Market: 55 days (2-250 days)
Average Sold Price: $178,971
Average Ask Price to List Price Ratio: Home sellers got an average of 98% of asking price for their Carrollton Single Family Home.
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