Foreclosure Practices Questioned by Texas Attorney General

Last week, the Texas Attorney General Greg Abbott gave 30 mortgage banking and servicing institutions until this Friday (Oct. 15) to respond to a request for information about their foreclosure processes.

A letter was issued by Abbott’s office on Oct. 5 causing concern in the real estate industry when it called for the banks to “suspend all foreclosures, all sales of properties previously foreclosed upon, and all evictions of persons residing in previously foreclosed upon properties.” In addition, the attorney general’s office asked the lenders to take eight steps to correct possible past mistakes in mortgage documentation practices.

Keller Williams Announces Sponsors for Viva Las Vegas Gala

Keller Williams Realty Northeast has announced the sponsors for its Viva Las Vegas Gala benefitting FamilyTime Crisis and Counseling Center. The charity event will take place on Sat., Sept. 25 from 7 p.m. to midnight at the Marriott Hotel at George Bush Intercontinental Airport.

Current sponsors include: Keller Williams Realty Northeast, Keller Williams High Rollers Club, Comfort Concepts, Farmers Insurance – Ken Pickett, First American Title, The Forest Image, Friendswood Development Company, FSR Services, Genesis Mortgage Company, The Observer Newspapers, Lone Star Home Maintenance, The Mint National Bank, Stewart Title, Summerwood and Eagle Springs by Newland Communities, The Tribune and the Zach Jones Memorial Scholarship Fund.

Mortgage Rates See Record Lows

The Mortgage Bankers Association reports that most customers are taking advantage of the low rates to refinance their current loans.

There are two primary reasons to refinance a mortgage: to get a better interest rate or to secure cash from a home’s equity. Correspondingly, the demand for loans to purchase a home is down after a busy spring due in part to the expiration of the federal home buyers tax credit on April 30.

HAR Releases April Housing Report

Fueled by the April 30 contract deadline for the federal home buyer’s tax credit, area home sales saw huge gains in April versus a year ago. The Houston market overall had 26.7 percent more single family homes sold in April versus last year.

Two local HAR areas did better than the market. In the Kingwood area (HAR #32), one hundred single family homes were sold during the month – a 29.9% increase.

Montgomery County

Keller Williams Gives Back at RED Day Event

Last Thursday, May 13 was a designated RED (renew, energize and donate) Day by Keller Williams Reatly International. RED Day was an opportunity for Keller Williams associates to improve their local communities through participating in service projects.

More than 70 Keller Williams associates from three Houston area offices spent RED Day volunteering at The Arrow Retreat Center in Porter, TX. The group from Keller Williams Northeast, The Woodlands and Professionals power washed cabins, painted buildings and prayer benches, and sealed the wooden pier over a fish pond – all to get the retreat ready for the summer.

The retreat is operated by Arrow Child & Family Ministries. The Christian organization helps place children in foster care and strengthen their bonds with their foster families. Arrow was founded in 1992 in Austin, TX, by a former foster child Mark Tennant.

Kingwood Farmers’ Market Scheduled to Begin May 13

Urban farmers markets are the rage in cities across the country. Kingwood is scheduled to jump in on the trend beginning this Thursday.

Starting May 13, the Lake Houston Area Chamber of Commerce Beautification Committee will host the Kingwood Farmers Market on Thursdays from 3-7 p.m. at Town Center Park located near the intersection of Lake Houston Pkwy. and Kingwood Dr. in Kingwood.

Charity Holds Golf Ball Drop

The Village Learning & Achievement Center will mark its tenth anniversary serving people with disabilities in a big way. The non-profit organization based in Kingwood will drop hundreds of golf balls from the air onto a hole at Tour 18 golf course during the its 10th Annual Golf Tournament on May 10.

Keller Williams Concert Highlights Spring Break

It was evident by last Friday night’s Keller Williams Concert at Kings Harbor that not everyone leaves town for Spring Break. In fact, there were several hundred people who thought that an evening with friends and neighbors down by the water in Kingwood was the perfect way to spend their break.

The featured entertainers, the 5th Avenue Band Trio, ended up being a quartet with the last minute addition of Steve Pickels from Katy on vocals. He was accompanied by Kingwood residents Terrell Tipton on bass guitar and Bill Phillips on acoustic guitar along with Chris Benton on keyboards. The group sat on bar stools and performed in the center of the Harbor Plaza close to the crowd, giving the concert a more intimate, coffee shop vibe.