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Welcome to The Texas Team'sPlano, Allen and McKinney Real Estate Website

Welcome! Here You Can Find Great Information on All Dallas/Fort Worth Real Estate
 

Looking for homes? Search everything the web has to offer, right here! Search the "MLS" or "VIEW FORECLOSURES BY CITY".

Need local real estate information? We've summarized much of what is important about the "DALLAS AND FORT WORTH" real estate market in this site. 
                                  
THINGS TO KNOW ABOUT BUYING A FORECLOSURE!

Here are a few commonly asked questions about buying a foreclosure.
How do banks sell the REO properties?
How do I make an offer?
How long does it take the bank to accept an offer?
 
How does the real estate agent deliver the offer?
                                                                                                         

THINGS TO KNOW ABOUT A SHORT SALE!

A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Most Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In 99% of all cases it is not a settlement-in-full. A deficiency balance will remain while the mortgage broker, real estate agent / broker, loan officers, title and closing agents still remain getting their profit. And no regulatory agency governs this hybrid transaction

Definition of a short sale.
Short Sale Process.
Buying a Short Sale.
Who is Eligible for a Short Sale.
Frequently asked questions.


HAS YOUR MORTGAGE PAYMENT BECOME OVERWHELMING?

Do you owe more on your home then it is worth?
There is Help!....

Our goal is simple. We want to help home owners who are undergoing financial distress that are at risk of foreclosure or simply overwhelmed with bills. Our trained professionals will work directly with your lenders to negotiate the sale of your property which will help you avoid the stress and negative effects on your credit of a foreclosure.
Your information is kept confidential and will not be released to any third parties.  There is no cost to you to use our service and we only get paid on the successful sale of your home.


INFORMATION FOR INVESTORS!

There are a lot of misconceptions regarding Hard Money Loans and Hard Money Lenders (HMLs). Most of the confusion surrounds the differences between conventional mortgages and HMLs. I wanted to take a moment and try to answer many of the general Frequently Asked Questions as well as to compare a HML to a Conventional non-owner occupied investor loan. Click here to read more!


WHY PRE-QUALIFY FIRST 

The First Thing you will want to learn before buying a home is how much you can qualify or afford to borrow. This means that you should also check out your credit so that you know where you stand. You will want to get pre approved by a mortgage broker or lender. You will also want to look for payment and prepayment options so that you can subtract a few years from your mortgage. After you have been pre approved and know where you stand with your payments, it is time to start looking for a house to buy.
The Second Thing is Find a reputable Realtor will be able to help you find your perfect home. When meeting with your real estate agent you will discuss how much money you want to spend and what you are looking for in a home. Your Realtor will also know where to find these properties for you. So, they can help you find the home that is best for you. 
     
                                                                                         
ARE YOU THINKING ABOUT SELLING?

To find out what your home is worth, a licensed Realtor will provide you with a Comparative Market Analysis (CMA) which shows the prices of comparable recently sold homes, homes currently on the market homes, and homes that were on the market, but weren't sold. You can get this accurate report of your home's value by clicking what’s my home worth?

Need expert advice? This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job.

Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.

Buying and selling a home is one of the biggest events in your life. As a top Dallas, Plano, Allen,McKinney, Frisco, Prosper, Garland, real estate agent, we have the experience and track record you are looking for. Please let us help.

- The Texas Team

Whether you are looking for REO, RELO, Bank Owned, Foreclosures, Pre-foreclosures, short sales or New Construction homes we have them all on our website. If you can't find a home that fits your needs here, give us a call and we will find the home that is perfect for you.
 




School Reports in Plano, Allen and McKinney, Texas
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

Texas Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in Plano, Allen and McKinney 



Real Estate Tips
Financing Your Home >Home Buyers Education

As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.

Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.

See All Tips In The "Financing Your Home" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?

A 
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean.
See More Real Estate Trivia >


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The Texas Team, REALTOR®, real estate agent and broker for Plano, Allen and McKinney, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Texas Team
RE/MAX Premier Properties 1

5501 Independence Parkway
Plano, TX 75023
972-599-3309
Fax: 972-314-9434
charles@dallasreos.com

The Texas Team has sold over $500 million in residential real estate since 1998. Whether you are a buyer or a seller, you can count on us having only your interests in mind. We represent buyers and sellers all over the DFW metroplex and we specialize in all areas north of LBJ in Collin, Dallas, Denton and Rockwall counties.


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