Trey's Blog

Fantastic Fifties Home In Bryan

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Tue, 15 Dec 2009 22:37:47 -0600

Trey Thurmond | Classic Realty Associates | 979-0229-8465

2105 Wayside, Bryan, TX

Wonderful 1950's style home in Bryan Texas with mahogany built-ins and pink tile baths. Great Kitchen! Oak floors.

3BR/3BA Single Family House

offered at $165,500

Year Built	1957
Sq Footage	2,156
Bedrooms	3
Bathrooms	3 full, 0 partial
Floors	Unspecified
Parking	1 Car garage
Lot Size	16,988 sqft
HOA/Maint	$0 per month

DESCRIPTION

Nice backyard with green house area and shop building. Stove, refrigerator and dishwasher very recent. Roof in O3'. Modern electric breaker box. Recent attic insulation added. 1 year old Ac/Heat. Recent water heater. Refrigerator in kitchen stays. Washer, dryer and garage refrigerator for $150.00. Wonderful "Period Home" from the 50's. Me-Me Eisenhower Pink Tile in bath. Wood floors. 3 sets of built in book cases. Nice shop area in garage. Burglar bars. Great kitchen breakfast area.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Hardwood floor
- Tile floor	- Family room	- Living room
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Washer
- Laundry area - garage	- Yard

OTHER SPECIAL FEATURES

- Shopbuilding, greenhouse, carport

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4

Contact info:

Trey Thurmond

Classic Realty Associates

Texas RE 0262359

979-0229-8465

For sale by agent/broker

Equal Opportunity Housing

Posted: Dec 15, 2009, 7:04pm PST

I Don't Think I want To see this Home Honey...Can We Go Now?

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Mon, 14 Dec 2009 23:53:18 -0600

The First Impressions moment in time that prospective buyer's experience when they first show up at a home can be very limited. It can last a few minutes or maybe just a few seconds. Often times what they see when they step out of the car and onto the driveway can be that all powerful moment in time for decision making.

I don't think I want to see this home Honey.....Can We please go now?

I once suggested to a couple that had a very plain Jane looking home that they wash the front of the home, paint the front door, and plant some pansies..... Total cost ......less than $125.oo AND They did it themselves in an afternoon! The plain Jane home sold within two weeks. The inside was clean but hopelessly in need of a makeover. But no one would have gone inside in my opinion had they not painted the door, washed the front and planted the painsies.

If you are considering placing your home on the market, call me today and I will frankly tell you what things about your home I feel will turn buyers away, and what will draw them in like bees to honey!

Call Me!

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades!

Full Residential Service, Commercial , Homesites, Farm and Ranch property, Industrial , land, and Complete Property Management services. Serving Brazos, Robertson, Leon, Milam, Washington, Burleson, and Grimes Counties.

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299

The Perils Of Coffee Drinking

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Mon, 14 Dec 2009 22:04:46 -0600

I am a coffee drinker.

Not the boutique kind that tries every new flavor of the month or the ones that resemble more of a milkshake than coffee, but instead I am the guy that likes regular straight up coffee, the stuff that goes for $4 per lb.in the supermarket and the kind old men order up at the corner diner. I don't think Juan Valdez had in mind what is going on in today's coffee shops either.

To me coffee is more of a routine than a habit. I get up in the morning and fire up my little plain "Mr. Coffee" 4 cup machine that has one button called ON-OFF. I believe it cost me $18 at Walmart and it works...something the last 3 machines that had umpteen bells and whistles didn't do. One machine had a built in timer that started a built in grinder that automatically ground and brewed my coffee every morn ing. It broke.

I usually have a morning cup and then pour one for the road when I leave the house. Then another about mid morning and one later in the afternoon. I can drink another right before bed and it has no effect on me at all. But there is another side to this coffee addiction. I am a committed coffee"Spiller"

Sometimes the first spill of the day begins with the coffee machine itself. I forget to empty the last pot then pour in the water and hit the brew button, leave the room, and come back to a kitchen drawer full of coffee.

And usually once or twice a month I'll spill a cup either in my lap while driving , or on my shirt at the office. Nevertheless I have learned to adapt and have no intention of giving up coffee due to a little spillage now and then! What's a few stains here and there, compared to the pleasures derived from a stiff cup of hot java? Besides I am convinced there is a direct link between success in business and coffee.

Hey Guys ..Is Santa Still Hiring? We'll Need Antlers.

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sun, 13 Dec 2009 10:34:01 -0600

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades!

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299

A Hunting Guide?

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sun, 13 Dec 2009 00:00:05 -0600

Our ranch is a game management preserve. It has to be managed. Each year so many does, and so many bucks have to be harvested. Because we have to take a large number this year I have offered up free hunts to friends . Boy did I never realize ...this is work! Get up at 4 AM ...meet the friends . Take them to their hunting blinds. Help with the processing if they harvest one. Go Home and start over the next morning at 4 AM. Helpfully this next year we won't have to harvest so many. I value my sleep!

10020 Hunter's Run College Statin Texas 77845

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 12 Dec 2009 23:40:52 -0600

Trey Thurmond | Classic Realty Associates | 979-0229-8465

10020 Hunter's Run, College Station, TX

Near College Station. Wonderful traditional style home with land. 5 Bedrooms! 4 Full Baths. Only a Short Drive to Texas A and M an dallen Academy pri

5BR/4BA Single Family House

offered at $435,000

Year Built	2004
Sq Footage	3,163
Bedrooms	5
Bathrooms	4 full, 0 partial
Floors	2
Parking	Unspecified
Lot Size	74,487 sqft
HOA/Maint	$8 per month

DESCRIPTION

Fantastic country home close in. Nice setting with wooded back area. Old Republic Home Protection Plan. Elegant home throughout. Built in china cabinet-butler area by formal dining. Great kitchen and breakfast area. Playhouse-storage shed. Great outdoor firepit used for weiner and marshmellow roasts. Huge laundry with full bath. Property also has good water well and Wickson water meter. Outside fireplace on back porch area. Study could be 6th bedroom

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Walk-in closet	- Hardwood floor
- Tile floor	- Living room	- Office/Den
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Microwave
- Granite countertop	- Stainless steel appliances	- Attic
- Laundry area - inside	- Balcony, Deck, or Patio

OTHER SPECIAL FEATURES

- Backporch fireplace , Playhouse, Firepit

ADDITIONAL PHOTOS

Front	Photo 1
Kitchen	Living
Playhouse	Firepit

Contact info:

Trey Thurmond

Classic Realty Associates

Texas RE 0262359

979-0229-8465

For sale by agent/broker

Equal Opportunity Housing

Posted: Dec 12, 2009, 8:10pm PST

Are You Up On The New RESPA Rules And HUD Closing Statements?

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Wed, 09 Dec 2009 20:30:31 -0600

I have taken two trainings recently on the new RESPA RULES and the new HUD closing statements used by Title Companies here in Texas. What else can I say? The world changes and the business of closing real estate transactions only grows more complex each decade. We just have to get used to it as professionals and work with the forms, the laws, and the programs we are given.

The burden on lenders, title companies, and Real Estate Agents continues to increase. Did any of us really expect any less under the current Administration and especially given the problems lenders went through over the last few years?

I understand that many of these changes that we see happening were put in place to protect the consumer from unscrupulous lending practices and to help the consumer in making choices.......I think must of us are for those two things. I am just concerned if the consumer will understand what is put before him both before and during the closings..... any better under the new rules than the old.

Have any of you seen the new rules and forms?....they kick in in January. Better Be ready.

The Spirit Of The Season

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Tue, 08 Dec 2009 00:26:59 -0600

As My wife and I grow older, like many folks we tend to look forward to different things during the holidays other than what might come our way under the tree. Every Christmas we are part of a group that goes out and purchases gifts for kids in foster care. Most of these are pre-teen or early teens that have little to look forward to at Christmas time. So a local organization raises the donations and we, along with several others go shopping and have the special privledge of being able to select the gifts for a couple of kids that are in need. The budget is not huge but is adequate to get them some clothes and a couple of fun gifts too. We don't get to ever meet the recipients , but we can dream about the smiles on their faces on Christmas morn. :O)

Always Looking For FSBO's

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 05 Dec 2009 22:58:09 -0600

Professional agents should always be on the prowl for FSBO's.

Why? Because they need you!

A For Sale by Owner Sign, is a sign that says ........I need help please.
It is a fact ....that a huge majority of sellers that originally go it alone finally end up either listing their home or working with a buyer's agent to get it sold. Yet knowing this, so many sellers still have to go through the sometimes miserable and usually very lengthy process of marketing, negotiating, repairing, contracting, re-negotiating and sometimes actuallygetting the deal to closing. It can be a masochistic experience.
It is a fact that ..... most sellers that do it themselves simply "Oversale" their home. They hoover over prospects and spend all their time selling and never listening. They have little knowledge of the entire process and often scare a buyer away. They do not understand buyer "signals" and typically have no concept about pre-qualifying the total strangers walking through their home. They make a 16 page brochure describing a tract home that resembles the other 200 in the neighborhood.

If you need income.... then take a look at For Sale By Owners..............chances are they need you worse than you need them!

Residential Real Estate Sales College Station Texas

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Tue, 01 Dec 2009 22:26:54 -0600

October Sold Data As Reported by Bryan College Station Regional Regional Assoc. Of Realtors

Sales Closed 144 Average sales price $177,827

Sold dollar volume $25,607,134 Average days on market (DOM) 127

Total number of active residential listings 1,216

Total number of new listings 241

Residential

Sales Closed this Month Total Active Listings

Price Class	Single Family A.	Condo Townhse B.	Total Sold (A+B)	Single Family C.	Condo Townhse D.	Total Active (C+D)
$1 - $29,999	3	2	5	4	15	19
$30,000 - $39,999	3	0	3	7	1	8
$40,000 - $49,999	2	0	2	15	4	19
$50,000 - $59,999	3	1	4	24	1	25
$60,000 - $69,999	2	1	3	21	8	29
$70,000-$79,999	2	0	2	26	12	38
$80,000 - $89,999	5	0	5	32	8	40
$90,000 - $99,999	2	2	4	42	6	48
$100,000 - $119,999	13	0	13	42	5	47
$120,000 - $139,999	21	3	24	72	31	103
$140,000 - $159,999	14	2	16	135	28	163
$160,000 - $179,999	12	1	13	126	14	140
$180,000 - $199,999	8	0	8	87	10	97
$200,000 - $249,999	18	0	18	134	5	139
$250,000 - $299,999	3	1	4	66	2	68
$300,000 - $399,999	11	0	11	102	3	105
$400,000 - $499,999	6	1	7	44	4	48
$500,000 or more	1	1	2	78	2	80

Note: Residential data includes single-family, townhouses and condominiums. If you cannot separate single family from condo/THs, then just fill in total sold and total active.

Somebody is Enjoying Our Mild Indian Summer Days in November!

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sun, 29 Nov 2009 22:10:56 -0600

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades!

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades!

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299

treyt@txcyber.com

One of The Prettiest Drives In Texas

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 28 Nov 2009 20:26:51 -0600

We have a 30 minute commute to work from our little sanctuary here in Blackjack Texas just outside of Hearne on FM249. But it is worth every minute of the drive especially the lovely 7.5 mile portion on 2549. Once described by a major publication as one of the most scenic sections of highway in Texas .......And I will personally vouch that it truly is! Seeing is Believing.

Rolling hills, small lakes, Pine trees, dogwoods and blackjack oaks that turn deep red-purple in the fall, cattle, horses, donkeys, and a real variety of birds and wildlife can all be spotted between State Hwy 6 and Hwy 79 on FM 2549 sometimes referred to as Arrowmoon Hwy. Camp Arrowmoon, a district boy scout camp is located just off 2549 on Arrowmoon Road.

There are a variety of ranches and ranchettes located on FM 2549 from a couple of acres up to a couple of thousand acres. If you are passing through this part of the Lone Star State make a point to side track for a few minutes an drive one of the Pretties Drives In Texas! You will be glad you did... I promise!

I Am Thankful For This Kind Of Beauty during This Thanksgiving Season In Texas!

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Wed, 25 Nov 2009 23:09:03 -0600

HAVE A TERRIFIC THANKSGIVING!

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades!

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299
trey@txcyber.com www.treythumond.com

The Carnival's In Town! The Carnival's In Town!

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Mon, 23 Nov 2009 23:35:50 -0600

I cannot tell you when was the last time I went to a real live carnival ....but I can say it was easily 25 years ago. Growing up even years before that it was always an exciting prospect to hear that the Carnival was in town, especially back then when Bryan College Station Texas was so much smaller. I can remember however, losing a lot of one dollar bills at a particular shooting gallery where you shoot a small rifle at a row of metal ducks on a conveyor belt and I remember catching the operator of that booth cheating. He ran me out of that booth for even questioning his integrity as a professional carnival operator extraordinaire.

A dollar was a lot back then. Not surprised? .....well I was pretty gullible then. So I dropped a few ones to the scamer. I wonder how many times I have done that to an on line Scam-er trying to get me to take a new web site and have unbelievable SEO.....

"Step Right Up and Shoot a Ducky...Win a stuffed Teddy for that shining light of your life! It's Easy As Pie!"

The Carnival's In Town!

Seasons Can't Make Up Their Mind In Texas! Leaves Are Turning And Bees Are Buzzing

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sun, 22 Nov 2009 21:42:11 -0600

Texas in Fall Summer Spring Winter .......whatever you want to call the season , can be confusing to those that are new to the area. Here in College Station Texas it may be 38 degrees at sunup, and 88 by noon!

Over the last few weeks we have seen trees changing colors like they are supposed to in fall, and the next day the flowers are blooming like crazy and bees buzzing around them. If you go to a football game late in the afternoon , even if it is warm, at least carry a light jacket with you. I once went to a Texas Aggie football game and it was clear and 70 degrees when we got there, and two hours later it was drizzling and 42. One thing you can count on in central Texas is that you will most likely be wrong when it comes to the weather. If you bet on the weather here, it is probably a 50 -50 chance you will be right or wrong! :O)

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299
trey@txcyber.com www.treythumond.com

Aggies Beat The Bears!

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 21 Nov 2009 21:34:21 -0600

We were not able to make the game today in College Station but wished I had been able to! Texas A&M mauled the Baylor Bears 38-3 ! And as a result there is more good news. Christine Michael was able to set a new school record with a 97 yard run which is the longest play from scrimmage in the history of Texas A and M. Also the Aggies are now eligible for a bowl game. Let's Hope!

The Aggies will now face #3 Texas at Kyle Field in College Station on Thanksgiving Day. Wish the Aggies plenty of luck! Do you think that they can beat Texas University? I do!

What is you Favorite Thanksgiving Dish?

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 21 Nov 2009 00:34:20 -0600

Sure you have one. You know you do! We all do.....

My personal favorite is the dressing (stuffing) and gravy that goes with turkey. And if you are from the south you know how your grandmother made it... and it wasn't with bread , it was with cornbread! And you also now that it has got to be slightly moist , not dry, and there is a second part to delicious cornbread dressing and it is real homemade giblet gravy that has to be generously drizzled all over the cornbread dressing. Now , both my grandmothers and my mother always added a few extra tidbits to the gravy and the one that really is the difference maker is ....chopped boiled egg...the difference between gravy and great gravy!

Shelter To Suit Our Smallest Friends

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Wed, 18 Nov 2009 23:17:00 -0600

M.F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Serving Bryan-College Station for 3 decades

Full Residential, Commercial , homesites, Farm and Ranch property, indistrial land, and Complete Property Management services. Serving Brazos, Robertson, Leon, Milam, Washington, Burleson, and Grimes Counties.

Classic Realty Associates
3600 Hwy 6 outh , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299
trey@txcyber.com www.treythumond.com

Makin' Hay While The Sun Shines!

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 14 Nov 2009 16:41:38 -0600

After a 2 year drought central Texas has finally received about two months worth of good moisture. As a result the hay cutters in our area were really getting overloaded. To make things tougher the rains have been sporadic and when you cut hay you need a couple of good dry days before you can rake and bail it. If it rains too much on the fresh cut hay Coastal Bermuda Hay ....it can be ruined. Nothing is sweeter than the smell of fresh hay. It is almost intoxicating. The cows love it too!

Photo by...

Milam F. "Trey" Thurmond
Broker, CRB,GRI,SRES

Classic Realty Associates
3600 Hwy 6 South , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299
trey@txcyber.com

Habitat For Humanity Celebrates 20 Years In Our Area Tonight

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 14 Nov 2009 16:26:23 -0600

Tonight our local branch of Habitat for Humanity celebrates 20 years of service to our community. Our local organization has seen tremendous change during those past 20 years. I have tried to volunteer off and on during that period in several capacities but must say my favorite was not serving on committees... but rather swinging a hammer and driving nails with all the other volunteers and the families that will own the home. If you have never volunteered for habitat ,then I ask that you just try it once. You will leave the experience with a warm heart, new friends and happy new homeowners. Congrats to BCS Habitat and we hope the next twenty are even more prosperous!

Foreclosed Home and Land In Hearne, Robertson County Texas

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Sat, 14 Nov 2009 16:18:08 -0600

Located in Hearne Texas just off State HWY 6 on FM 485, This 3 Bedroom 1 Bath home includes attached garage and approximately 9/10 of an acre with 2 storage buildings and large oak trees. Interior includes kitchen-dining combo and living with oak flooring throughout. Ideal fixer upper for first time buyers or for investors. Convenient to Bryan-College Station and Franklin. Bank owned. Avoidably priced at $47,900.MLS #58353

Milam F. "Trey" Thurmond, Broker, CRB,GRI,SRES
Classic Realty Associates
3600 Hwy 6 South , Suite 100
College Station, Texas 77845
(979) 694-8844 -110
Cell: (979) 229-8465
Fax: (979) 694-2299
trey@txcyber.com

Gotta Be Looking In the Right Places For Documents!

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Thu, 12 Nov 2009 23:55:40 -0600

While working on trying to interpret a subdivision plat today and explaining some joint access easements to another gentleman, it became painfully obvious to me that something was missing on the drawings. I knew from past experience in this subdivision that there was an access easement on this land. My firm had been involved with the development of the tract some 20 years prior. The city had gone through a lot of changes since then, adding zoning ordinances, etc. And we had used the best attorney we could find to take care of the legal work. Well a lot can change through time, but not the drawings. The blueprints had never left our hands. So we scratched heads and rubbed chins for a few minutes.

Finally I got to thinking there was one more possibility, so I called the title company working on this transaction and asked them to check on the county clerk records on any easements or other conveyances that had occurred about the time we filed the subdivision plat with the city. And lo and behold there it was , and it covered everything as I thought it would. A document that showed it was what we thought it was

The easment and maintenance of the easement agreement said what I hoped for. This document had been properly executed and filed with the the the county clerk.

Always check deed files and other written records when trying to figure out a plat.

One Humble Veteran

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Wed, 11 Nov 2009 22:13:17 -0600

Today I thought about a friend who served our country during a very rough time ...the Viet Nam War. He has always been very humble and quiet about that period in his life. Said very little. But I know he is a hero. One day I asked him if he had ever been wounded in battle and he answered " 3 times..... Shot twice and stabbed once." And that was all he wanted to say about that.

I told him thank you for your sacrifice. We apprecaite your service to all of us.

This gentle soldier never complained about his lot during the war. He did his service to this country and never bragged about it. I know he is a hero. For that I am grateful .

Milam F. "Trey" Thurmond, Broker, CRB, GRI. SRES

For all your real estate needs in Bryan-College Station , and Aggieland Texas .....including Residential, Land, Investments, and Property Management Services. Now is a great time to buy or sell real estate. Call or email me today and I will get right to work to meet your real estate goals.

Serving Bryan College Station Texas for 3 decades!

Quality Service Certified Platinum O5' 06' 07' www.treythurmond.com

Classic Realty Associates
3600 Hwy 6 South , Suite 100
College Station, Texas 77845
(979) 694-8844 -110 979-229-8465 cell

Wordless Wednesday The Birds Are Back

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Wed, 11 Nov 2009 20:42:32 -0600

Copyright 2009 Milam F. "Trey" Thurmond, Broker, CRB, GRI. For all your real estate needs in Bryan-College Station , and Aggieland Texas .....including Residential, Land, Investments, and Property Management Services. Now is a great time to buy or sell real estate. Call or email me today and I will get right to work to meet your real estate goals.

Serving Bryan College Station Texas for 3 decades!

Quality Service Certified Platinum O5' 06' 07'
Classic Realty Associates
3600 Hwy 6 South , Suite 100
College Station, Texas 77845
(979) 694-8844 -110 979-229-8465 cell

Forclosure, REO, ORE, Bank Owned Property

Trey Thurmond, College Station , Texas Homes (Classic Realty Associates) — Tue, 10 Nov 2009 15:09:01 -0600

Whatever you call it...... Foreclosure, REO, ORE, Bank Owned Property it doesn't matter..... it still is most likely a property foreclosed on by a mortgagee, for non-payment of the note. By the time this has occurred things like work-outs, short sales etc are no longer an issue. They don't matter. Too late.

Recently I heard an interview on a national radio program with an individual that was pursuing trying to rescue his home that had been foreclosed on already. This individual insisted that he had not received proper notice as to the impending and eminently forthcoming foreclosure. He openly admitted he was severely delinquent and that he had tried in vain without response from the lender to work something out with them But, nevertheless he still stood his ground on the fact that his deed of trust required the mortgagee to give the proper require notice of foreclosure. Whether or not they did, is beyond me. I just found it to be an interesting discussion about foreclosure that brings up questions. None of us really know how we will react or respond personally to a foreclosure until it actually faces us.

Recently a friend of mine lost his home, even though he had about a 45% equity in that home. Could he have made it work? I think he could have . He just put it off for to long and by the time the final letters were sent and the posting was at the courthouseit was just too late for him to do anything at all. I had advised him 6 months prior to put his home on the market or figure out a way to come up with the shortages. He chose to ignore the warnings and paid a dear price. I felt for him a lot as this was his home for many years.

Another individual came to us recently with a letter showing they were behind on payments. That person indicated that they had been uniformed about the fact that their property tax escrow would be raised considerably on the next year and that she could no longer afford the home because the taxes had gone up so much. I would place money on it that the lender had explained that on new homes they may start out at the vacant lot rate at first, if the tax appraiser hasn't seen there is a home on the lot yet. Then the next year the taxes go way up.....naturally. Still she protested that she had been mislead. Personally I just feel she had bought more home than she could handle. Unless something changes foreclosure could be on the horizon for her. Can She stop it? Maybe if she obtains a quality short sale expert.