1 year FREE from making mortgage payments??

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!

 

Flower Mound getting a Riverwalk?

Yes, It's true!River Walk

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.

Sketch

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!

posted by Leigh Bates

 

Flower Mound 2008 2nd Quarter Real Estate Market Report - Single Family Homes

There are currently 429 single family homes for sale in Flower Mound.

  • Asking Price Range: $40,000 - $2,999,000
  • Average Asking Price: $483,860

Pending Sales: 113

  • Asking Price Range: $117,900 - $1,395,000
  • Average Asking Price $341,462

Sold Single Family Homes in Flower Mound from April 1, 2008 - June 30, 2008: 309

  • Average Days on Market: 54 days (0-331 days)
  • Average Sold Price: $295,709
  • Average Ask Price to List Price Ratio: Home sellers got an average of 97.7% of asking price for their Flower Mound Single Family Home.

Posted by Leigh Bates

 

Carrollton TX 2nd Quarter 2008 Real Estate Market Report - Single Family Homes

Active Homes: 402  

  • Asking Price Range: $68,000 - $1,295,000
  • Average Asking Price: $240,789

Pending Sales: 112

  • Asking Price Range: $60,000- $429,900
  • Average Asking Price $186,572

Sold Single Family Homes in Carrollton from April 1, 2008 - June 30, 2008: 365

  • Average Days on Market: 53 days (0-312 days)
  • Average Sold Price: $186,540
  • Average Ask Price to List Price Ratio: Home sellers got an average of 98% of asking price for their Carrollton Single Family Home.

For information specific to your Carrollton neighborhood, please visit www.dfwmarketsnapshot.com & register for your FREE Neighborhood Market Snapshot

posted by Leigh Bates

 

5828 Carroll, The Colony TX - Northpointe home with great potential

New Price! Awesome Family Home in Popular Northpointe!
Main Photo
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.
Features
Bedrooms: 4
Bathrooms: 2.5
Parking: 2
Year Built: 1990
Subdivision: Northpointe
Garage Size: 2
School District: Lewisville ISD
Square Footage: 2128
Agent Name: Nancy Shaw
Broker: Keller Williams Prestonwood
MLS #: 11018657
Information
Contact Information
Logo
My Pic  Association Logo
The Trinity Group
469-449-9373
Pricing
Asking Price: $155,000.00
Property Location
5828 Carroll Dr
The Colony, Tx 75056
View Map
Attributes
Appliances
Range/Oven
Dishwasher
Sink Disposal
Microwave
Interior Amenities
Fireplace
Hardwood Floors
Exterior Amenities
Patio
Fenced Yard
Grass Lawn
Photo Gallery

 

3220 Kent, Flower Mound, TX 75022 $375,000

This home truly has it all!
Main Photo
Location: Lake Forest
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.
Information
Contact Information
Logo
My Pic Association Logo
The Trinity Group
469-449-9373
Pricing
Asking Price: $375,000.00
Property Location
3220 Kent Dr
Flower Mound, Tx 75022
View Map
Features
Bedrooms: 5
Bathrooms: 4.5
Parking: 2
Year Built: 2001
Subdivision: Lake Forest
Lot Size: 74 x 115
Garage Size: 2
School District: Lewisville ISD
Square Footage: 3801
Agent Name: Leigh Bates
Broker: Keller Williams Prestonwood
MLS #: 11045109
Attributes
Appliances
Range/Oven
Dishwasher
Sink Disposal
Microwave
Cooktop - elec
Sel-clean oven
Breakfast bar
Island
Walk-in Pantry
Interior Amenities
Fireplace
Hardwood Floors
Security System
Kitchen Island
Vaulted Ceilings
Split Bedrooms
Sound System wiring
Jack & Jill Bath
Kitchen Pot Rack
Exterior Amenities
Patio
Fenced Yard
Swimming Pool
Hot Tub
Grass Lawn
Resort gunite pool
Photo Gallery
 

Priced $30k below appraised value - MUST MOVE FAST - 1747 Auburn Dr, The Homestead - NW Carrollton

Gorgeous and spacious too!
Main Photo
Location: Homestead at Carrollton
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.
Information
Contact Information
Logo
My Pic Association Logo
The Trinity Group
469-449-9373
Pricing
Asking Price: $330,000.00
Additional Pricing Information: This price is good through August.
Property Location
1747 Auburn Dr
Carrollton, Tx 75007
View Map
Features
Bedrooms: 4
Bathrooms: 4
Parking: 2
Year Built: 2001
Subdivision: Homestead at Carrollton
Garage Size: 2
School District: Lewisville ISD
Square Footage: 3711
Agent Name: Leigh Bates
Broker: Keller Williams Prestonwood
MLS #: 11023741
Attributes
Appliances
Range/Oven
Full Refrigerator
Dishwasher
Sink Disposal
Microwave
Cooktop-gas
Interior Amenities
Fireplace
Hardwood Floors
Security System
Kitchen Island
Ceramic Tile
Carpet
Garden Tub
Split Bedrooms
Walk-in closets
Gameroom/study
Soaring ceilings
Media Room
Exterior Amenities
Fenced Yard
Grass Lawn
Covered Porches
Gutters
Exterior lighting
Sprinkler System
Photo Gallery
 

David Weekly Reduced Inventory - Village Park McKinney

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

4 Bedrooms, 3 1/2 Baths, Study, Children's Retreat.

Beautiful Granite Countertops, Stainless Steel Appliances, Wrought Iron Spindled Staircase, Wood and Ceramic Floors. 

Beautiful Stone Elevation!

 The Timberland       2920 Sq. Ft                               5708 Silverton Avenue         Orig.   $294,253         NOW  $269,000

5 Bedrooms, 3 1/2 Baths, Formal Dining, Gameroom, Study & Covered Patio. Features Granite Counter Tops, Stainless Steel Appliances, Wood and Ceramic floor, Wrought Iron Spindled Staircase.

Beautiful Cape Cod Elevation!

 The Saxton       2632 Sq. Ft.                                4912 Berkley Drive     Orig.   $312,366         NOW  $270,000

4 Bedrooms, 3 1/2 Baths, Study, Children's Retreat.

Beautiful Granite Countertops, Stainless Steel Appliances, Upgraded Cabinets, Double Crown Molding, 5 inch Baseboards, Wrought Iron Spindled Staircase, Wood and Ceramic Floors.  Beautiful Stone Elevation!

A Must See!

The Garris        2437 Sq. Ft.                            5720 Silverton Avenue   Orig.    $266,691        NOW  $252,000

3 Bedrooms, 2 Baths, Formals,  Children's Retreat.

Beautiful Granite Countertops, Stainless Steel Appliances, Ceramic Floors.

  Beautiful Cape Cod Elevation!

The Hayden           2298 Sq. Ft                         4912 Rushden Drive           Orig.   $256,533       NOW  $226,000

3 Bedroom, 2 Bath, Study, Formal Dining, Children's Retreat.

Beautiful Granite Countertops, Stainless Steel Appliances, Upgraded Cabinets, Double Crown Moldings, Covered Patio, Near Community Pool

Gorgeous 1 Story!

The Zane              1920 Sq. Ft                         5640 Hampshire Drive       Orig.   $242,849      NOW  $224,000

3 Bedroom, 2 Bath, Formal Dining, Children's Retreat.

Beautiful Granite Countertops, Stainless Steel Appliances, Upgraded Cabinets, Double Crown Moldings & Custom Wood Decorative Arch leading to Formal Dining, Covered Patio

Simply Beautiful 1 Story!

The Timberland 2420 Sq. Ft                            5732 Silverton Avenue        Orig.    $262,987        NOW  $243,000

4 Bedrooms, 21/2 Baths, Formal Dining,, Study,Gameroom & Covered Patio. Features Granite Counter Tops, Stainless Steel Appliances, Ceramic floor, Wrought Iron Spindled Staircase. Great location near Park!

Beautiful Cape Cod Elevation!

 

Lewisville TX Real Estate Market Report, April 2008 - Single Family Homes

 castle hills real estate

Active Homes: 325    

  • Asking Price Range: $45,000 - $1,599,601
  • Average Asking Price: $249,212

Pending Sales: 27

  • Asking Price Range: $73,040 - $1,449,900
  • Average Asking Price $240,649

Sold Single Family Homes in Lewisville from April 1, 2008 - April 30, 2008: 72

  • Average Days on Market: 68 days (2-307 days)
  • Average Sold Price: $179,661
  • Average Ask Price to List Price Ratio: Home sellers got an average of 98.2% of asking price for their Lewisville Single Family Home.

For information specific to your Lewisville Neighborhood, please visit www.dfwmarketsnapshot.com & register for your FREE Neighborhood Market Snapshot

posted by Leigh Bates

 

Carrollton TX Real Estate Market Reprt, April 2008 - Single Family Homes

carrollton homes for saleActive Homes: 377    

  • Asking Price Range: $64,900 - $1,295,000
  • Average Asking Price: $231,301

Pending Sales: 141

  • Asking Price Range: $74,500- $649,900
  • Average Asking Price $200,552

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.

For information specific to your Carrollton neighborhood, please visit http://www.dfwmarketsnapshot.com/ & register for your FREE Neighborhood Market Snapshot

posted by Leigh Bates

 
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Real Estate Agent: Leigh Bates, DFW Real Estate (Keller Williams)
Leigh Bates, DFW Real Estate
Flower Mound, TX
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