To provide information, answers and friendly advice for Fort Bend new home buyers.
Posted by Anonymous

Children up to age 12, youth with special needs, will have an opportunity to take part in the fun, when the city of Sugar Land, Tx hosts its yearly EGGstravaganza.In its 26th year, the yearly celebration is scheduled to be held on Sunday, March 27, from 12:00 p.m. - 3:00 p.m., at Eldridge Park, located at 2511 Eldridge Road, in Sugar Land.City parks and recreation staff members are again hosting a special needs egg scramble during the annual event, following a successful launch in 2009.Including 16 special needs children, last year’s EGGstravaganza attracted an estimated crowd of 5,000.The egg scramble includes a hay bale course with eggs hidden at accessible heights for children in wheelchairs and beeping eggs for visually-impaired children.Department staff consulted with representatives from the Texas Association for Parents of Children with Visual Impairments and The Arc of Fort Bend, to launch the event.During the event, egg scrambles are set to be scheduled every 30 minutes, based on a range of age groups, with egg scrambles for special needs and children 4 and under held throughout the day.With free photos for the first 200 children, the Easter Bunny is slated to make an appearance.Also, the three-hour event is set to include games, music and competitions with DJ Tyler, a petting zoo, tattoos and hair color station manned by Snip-Its of Sugar Land.A human trash can, Recycle Ben, is set to make the rounds to educate event goers on the benefits of recycling.Also, a number of local Sugar Land community and business groups are scheduled to be on hand.Members of the Sugar Land Lion’s Club are set to be on hand to sell treats and drinks under the park pavilion.According to coordinators, public parking will be available at Eldridge Park, with overflow parking available at the Cornerstone Church parking lot, next to the park.Feel free to call the city of Sugar Land parks and recreation department at 281-275-2885 for more information.Eldridge Park is located in Sugar Land, by luxurious communities like Sugar Creek and Sugar Lakes.Source: hcnonline.com

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Sugar Land, Tx residents will have another option for staying healthy and in shape when a new yoga studio opens in a couple months.In April, Awakened Yoga is scheduled to open at Sugar Land Town Square and is set to offer classes and training in the practice of yoga, vinyasa yoga, power yoga and meditation.Also, the store is set to include a boutique including high-end yoga apparel, training aides, books, inspirational gifts and other merchandise.The 2,593-square-foot studio will open next to Swoozie’s, a paper, printing and gifts shop, located at 2230 Lone Star Drive. The storefront is set to be earth friendly in design, using both energy-efficient and recycled products.Other Yoga studios in Sugar Land include Bikram Yoga, located at 16126 Southwest Freeway and Ayurveda & Yoga, located at 926 Spring Mist Court.Awakened Yoga is located in Sugar Land, by amazing neighborhoods like Alkire Lake and Avalon.Source: ultimatefortbend.com

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In the fourth quarter, the number of homeowners who missed only one mortgage payment decreased. Possibly the drop in foreclosure filings in January was a sign of things to come in the near future.Showing the number of homeowners who have missed just one monthly mortgage payment decreased to 3.6% from 3.8% in the third quarter, The Mortgage Bankers Association released its fourth-quarter results for 2009.MBA chief economist Jay Brinkmann stated in a conference call that there are 4.5 million homes that are seriously delinquent or in foreclosure that are likely to drag down home prices.Especially at a time that seasonally sees an increase in people missing their payments, the decreased in 30-day delinquencies provides “solid indications of fewer new problems coming into the system,” according to Brinkmann. Celebration should possibly be avoided when noticing the number of people who have missed at least one payment, combined with those who already are in the foreclosure process.With 26% of borrowers one payment or more past due as of the end of December, with 20.4% of mortgages 90 days or more past due or already in the process of foreclosure, Florida was the state with the highest number of delinquencies in the fourth quarter. With 24.7% of its mortgages one payment or more past due, while 19% are 90 days or more past due or in foreclosure, Nevada was in the No. 2 spot, Brinkmann stated.Source: msn.com

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Driving through Telfair, Sugar Land, Tx residents and visitors may notice a large construction project taking place along New Territory Blvd.This construction site is home to an innovative 9,545 sq. ft. community center building planned to open in the fall, the future Telfair Central Hall.Telfair Central Hall takes some design inspiration from the historic 1939 Central State Farm building next door, which was turned into the museum’s new home last fall, as the artist’s rendering shows. Telfair Central Hall is set to have its own special 21st century style, with large expanses of glass creating an open, contemporary look, while it pays homage to the older building’s detailed red brick exterior.A large multipurpose room is set to accommodate the biggest events and activities, while six smaller rooms can have a variety of different activities at once. In order to create three intermediate-sized spaces, each of the smaller rooms can be combined with the adjoining room. The spacious, angled glass-enclosed corridor running the length of the meeting wing is designed to encourage socializing among attendees of different events and to provide pre-meeting space. The majority of the meeting rooms have views of the main lake at Telfair, and the large room has doors that open to a patio.Also, Telfair Central Hall is set to be highly energy efficient, designed and built to standards that will make it eligible for LEED certification, while it has many glass-enclosed expanses. The site is set to include a canoe launch, three tennis courts and an access-controlled parking area for residents only as well. Telfair Central Hall is set to join the Telfair Central Pool complex, which opened last summer to provide residents with a water park experience, when it is completed.Telfair Central, together with the museum and a future retail site, will soon be completed as a thriving, community-oriented complex in the heart of Telfair.Source: telfair.com

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Some mortgage brokers say their clients are more engaged in the process and are asking more questions.It looks as though the newly crafted good-faith estimate is doing more than keeping closing-cost surprises at bay. Changes to the loan paperwork seem to be creating more informed homebuyers, according to The New York Times.The three-page document takes the place of the one-page good-faith estimate that was partially blamed for contributing to the housing crisis. Questions can seem like no-brainers now, but at the peak of the housing boom, several homebuyers were persuaded into unknowingly agreeing to such loans.These details of loans are front and center in a document that decreases significantly on the legal speak. Some brokers state the new document still leaves several questions unanswered.The changes also come with some new rules about how much fees can increase between the time buyers sign the paperwork and when the deal closes one to two months later, in addition to a new document. It’s still not a perfect process, even though there’s now a cap on increases in costs listed on the good-faith estimate.Source: msn.com

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Compared to from a year earlier, home sale prices fell 3.4 percent in the last three months of 2009, the smallest annual decline in many quarters and a sign the local market has at least stabilized.The National Association of Realtors stated the median sale price for existing homes was $124,800 in last year’s fourth quarter, down from $129,200 a year earlier.In the third quarter, that compared with far steeper year-over-year declines of 14 percent and 23 percent in the second quarter.With the smallest decline since the housing bubble burst, home prices fell 4 percent in the quarter, and seasonally adjusted sales volume surged 27 percent amid an extended $8,000 first-time buyer tax credit, the association reported.For the third quarter of 2009, the fourth quarter price was down about 4 percent from $129,400. It was ahead of prices for both the second quarter, $121,400, and the first quarter, when the price dipped to $115,600.For all sales, the median price is the midpoint. Half of homes were priced higher, half lower.According to the Realtors Association, 67 out of 151 metropolitan statistical areas reported year-over-year price increases in the fourth quarter nationwide.30 metro areas showed year-over-year increases and 123 saw declines, in the previous quarterly report, the release said.”This is the smallest price decline in over two years, with the most recent monthly data showing a broad stabilization in home prices. Because buyers are taking on long-term fixed rate mortgages, avoiding adjustable-rate products, and trying to stay well within their budgets, the price recovery process appears durable,” stated Lawrence Yun, chief economist for the association.Source: builderonline.com

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Developer Lennar Corp. has finished transactions with the Federal Deposit Insurance Corp. under which the homebuilder and the independent government agency are set to resolve an estimated 5,500 distressed real estate loans, they stated Wednesday.Lennar stated, they, along with the Federal Deposit Insurance Corp., which insures bank deposits, are set to hold equity interests in two portfolios of loans with a combined unpaid balance of $3.05 billion. The transactions include an estimated 5,500 distressed commercial and residential real estate loans from 22 failed bank receiverships.Lennar indirectly acquired 40% managing member interests in limited-liability companies created to hold the loans, for an estimated $243 million.The Federal Deposit Insurance Corp. is retaining the remaining 60% stake, and is providing $627 million in financing at 0% interest for seven years.Rialto Capital Advisors, a subsidiary of Lennar, are set to conduct the day-to-day management and workout of the distressed loan portfolios.Acquiring and working out distressed real estate loans was a large and profitable part of Lennar President and CEO Stuart Miller company’s business during the real estate slump in the early 1990s, he stated.Lennar is “pleased to return to this business and honored to partner with the FDIC,” Miller added.Lennar has “been carefully preparing to invest in this space for the last two years,” he added.Miller stated, the transactions with Federal Deposit Insurance Corp. are expected to add to the company’s earnings this year.After the close of trading Wednesday, when its shares increased a penny to $15.61, Lennar announced the transaction.Source: homebuilder.com

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The Hightower High School Theatre Arts Department in the Sugar Land, Tx area is scheduled to present the play, “Fences” in celebration of American playwright, August Wilson.The play has won a Pulitzer Prize for drama and a Tony Award for “Best Play,” and is part of Wilson’s epic cycle focusing on African-American life in the 20th century.On Monday, February 22, and Tuesday, February 23, Hightower High School Theatre students are set to perform the play, at 7:00 p.m. in the school’s auditorium, located at 3333 Hurricane Lane.For adults, ticket prices are $6 and $5 for students.Hightower High School is located in the Sugar Land area, by gorgeous neighborhoods like Riverstone and Greatwood.Source: hcnonline.com

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Now, Methodist Sugar Land Hospital patients in Sugar Land, Tx needing specialized urological testing and treatment can be treated in a comfortable, convenient environment at Methodist Sugar Land Hospital’s new cystoscopy suite.Using a thin, lighted instrument called a cystoscope, the cystoscopy procedure allows a physician to look at the inside of the bladder and the urethra. The year, Methodist Sugar Land Hospital’s specialized procedure room opened.The newly opened cystoscopy room is only one of the several new services that Methodist Sugar Land Hospital has brought to Sugar Land. Methodist Sugar Land Hospital has added two Whole Body 3 Tesla MRIs, the industry’s most powerful technology typically found in the nation’s top academic medical centers; a 64-slice CT Scanner, one of the first units of its type in the Houston area; new operating rooms that are equipped with the latest lighting and ancillary equipment; a full-service Breast Center and physical therapy including aquatics and occupational therapy.Methodist Sugar Land Hospital physicians have successfully performed abdominal aortic aneurysm repair, brain surgery, angioplasty with stents, carotid artery stenting, open heart surgery, gastric lap band surgery, single port laparoscopic gallbladder surgery, urinary bladder reconstruction and video-assisted thoracoscopic surgery, the first time any of those procedures had been performed in Fort Bend County in recent years. Methodist Sugar Land Hospital is located in Sugar Land, by gorgeous neighborhoods like Sugar Creek and Sugar Lakes.Source: sugarlandmagazine.com

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A little-known agency is looking for some prospective homebuyers who need to borrow money.The Housing Finance Authority of Manatee County, using proceeds from a $16.6 million bond issue, stated it wants to help qualifying residents finance their home purchases.The authority is offering down-payment assistance to buyers who meet income and other guidelines, and low-cost and low-interest mortgage loans through participating lenders.Created in 1979 to alleviate Manatee’s shortage of affordable housing, that is the mission of the authority. The non-profit authority uses the proceeds to underwrite mortgage loans, issues revenue bonds and applies borrowers’ monthly mortgage payments toward repaying the bonds.Authority bond money, under the program, is used to back a first mortgage for the purchase amount. Pierro stated, those are 30-year, fixed loans with a 5% interest rate, no documentary tax and no origination fees.Also, through a no-payment, no-interest second mortgage, the authority offers down-payment assistance of up to 4% of the purchase price. The second loan is forgiven if the borrower meets certain criteria after 9 years.A buyer’s household income cannot exceed $62,300 for a one- or two-person household, or $71,645 for households of three or more people, to qualify. Also, the borrower must have not owned a home in the previous three years and have a minimum FICO credit score of 600.Source: builderonline.com



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