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jon sutton: Tips for New REO Investors - 10/23/09 11:13 AM
A new wave of novice investors has emerged with the increase in foreclosures and bank REOs and they must keep these three tips in mind before diving head first into the business.  Just because the property seems like it is a steal of a deal, they think hurry up and buy it but when in realty there is much more homework that needs to be done before hand. 
First, you must understand the local market and where prices are headed along with the demand for real estate in that particular area.  Due diligence is the key here.  Look into the City … (0 comments)

jon sutton: Coming Soon: Fannie Mae Foreclosures Page - 09/09/09 10:13 AM
I will be adding a Fannie Mae Foreclosures page similar to the Freddie Mac Foreclosures page to the website soon.  Yet another way to find a great foreclosure deal.  Check my website periodically for the new addition.  www.JonSutton.com
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jon sutton: The Quick Facts About Double Closings - 08/25/09 07:56 PM
Basically what happens is a buyer puts a contract on a property with a close date sometime in the future.  Before the close date the original buyer acts as the seller and finds another buyer who in turn puts another contract on the property between buyer one and buyer two.  Both contracts are submitted to the title company and two escrow accounts are opened for earnest money; one for buyer one and seller and one for buyer two and buyer one.  On the same day the property is closed between the seller and buyer one at which time the deed is signed … (0 comments)

jon sutton: Luxury Townhomes in Grapevine: Stone Bridge Oaks - 02/24/09 11:09 AM

The luxurious Stone Bridge Oaks community located in Grapevine, Texas is a maintenance free community tucked away off of Glade Rd between Hwy. 360 and Hwy. 121 and surrounded by nature. 
                                                                                             
Townhomes range in price from the $290's to the $480's and offer a custom home type quality with high attention to detail and of course high efficiency design.  The lifestyle oriented community includes amenities that are second to none with 9 acres of common nature areas, a clubhouse with 24/7 private access, and walking trails.  The clubhouse being the hub of the community comes complete with a swimming pool, fitness center with flat … (0 comments)

jon sutton: Stimulus Plan Signed into Law Yesterday by President Obama - 02/19/09 10:20 AM
Among several things this plan includes a first time home buyer's tax credit that applies to all homes purchased before December 1, 2009.  The credit is similar to the previous $7500 first time home buyer's tax credit but it has now been bumped up too $8000 or 10% of the purchase price of the home if less than $80,000.  
While the Stimulus Plan was still being debated, Senate had originally proposed a $15,000 tax credit and to all home buyer's but the final version was signed in at $8000 for first time buyers only to keep the cost of the plan down.  … (0 comments)

jon sutton: USDA 100% Financing Loans Easier to Qualify for than FHA - 02/18/09 03:53 PM

When shopping around for loans there are many things to consider.  What your down payment is going to be is one of the most important.  This loan from the US Department of Agriculture is a 100% financing guaranteed loan that is comparable to an FHA loan but easier to qualify for with no maximum loan amount.  There is no monthly mortgage insurance fee which keeps that monthly payment down and it is possible to roll in closing costs, repairs, and even renovations into the loan.  
The maximum loan amount is 100% of the appraised value plus a one time guarantee fee … (0 comments)

 
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Jon Sutton

Southlake, TX

More about me…

The Sutton Group, Southlake TX

Address: 2140 E Southlake Blvd Suite L#310, Southlake, TX, 76092

Office Phone: (817) 400-7900

Cell Phone: (817) 793-2367

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