Real Estate and CLUE Reports

Tax Credit Closings Extended

The Senate voted last week to extend the closing to September 30th for those under contract to purchase a home and receive the home buyer tax credit.

This extension is for those that met the April 30th purchase contract deadline and nows extends the time to close to the end of September rather than the end of June.  

Keller Williams Kingwood Concert Series

Mark your calendars for the Keller Williams free concert series at Kings Harbor.  NEW Summer concert series is every Thursday night from 6-9pm.   Please join us for live entertainment and balloon animals, face painting, and a clown for the kids!  The regular montly Keller Williams concert series upcoming events are on the 3rd Friday of each month with the next events on Aug 20th, Sept. 18th, and Oct. 16th.

HUD Homes Just Got More Affordable

FHA announces special incentives for HUD homes in Texas.  Purchase a home for only $100 down payment!

This special program is available to owner occupant homebuyers when purchasing a property at full price and using FHA insured financing.   Learn more about this great program at the HUD web site.   

Comprehensive Loss Underwriting Exchange (C.L.U.E)

Don't have a clue what a CLUE report is?  Most insurance companies contribute information about claims to an insurance industry databaseknown as CLUE (a registered trademark of Equifax, Inc.). An insurance company obtains a CLUE report when evaluating an application for insurance. The report contains information about the claims history of the property.

It is best to speak with an insurance agent with respect to how the information in a particular CLUE report affects the affordability and availability of insurance.

A property owner may, for a fee, obtain the CLUE report on his or her property through companies such as ChoicePoint, Inc. (www.choicepoint.com or www.choicetrust.com), A-Plus (800-709-8842) or other companies, most of whose services are accessible via the Internet. An owner may also contact the Equifax Insurance Consumer Center at 800-456-6004.