https://marcusjackson.exprealty.com/

Marcus Does Real Estate, Dallas, TX (2026)

12/17/2018

Ownership mindset.
💪🏾

12/09/2018

Let's get your house sold asap!
🏡

10/29/2018

How Long Must I Wait To Apply For A Mortgage Loan After A Bankruptcy, Foreclosure, or Short Sale. 🤔
Well... according to FHA Guidelines:

Foreclosure or Deed in Lieu of Foreclosure

👉🏾3 years from the date foreclosure was completed and transferred back to the bank. The date the Deed is transferred out of the borrower's name is the date that will be used for seasoning.

👉🏾Less than 3 years but not less than 12 months from date of foreclosure completion and transferred back to bank if the result of acceptable extenuating circumstances. Extenuating circumstances are defined as death in family, medical illness and not divorce or loss of job.

Short Sale:

👉🏾3 years from the date sale closed and transferred to the new owner.

👉🏾No waiting period if borrower had no late payments on any mortgages and consumer debts within the 12 month period preceding the short sale AND they are not taking advantage of declining market conditions.

Bankruptcy Chapter 7:

👉🏾2 years from the date of discharge with re-established credit paid as agreed or no new credit obligations incurred.

👉🏾Less than 2 years but not less than 12 months from the date of discharge may be acceptable if the bankruptcy was caused by acceptable extenuating circumstances and borrower has since exhibited a documented ability to manage financial affairs in a responsible manner.

Bankruptcy Chapter 13:

👉🏾1 year payout period under bankruptcy has elapsed and the borrower’s payment performance has been satisfactory and all required payments made on time. Must have bankruptcy trustee's permission in writing to purchase.

😁 Please allow me to help you navigate towards Real🏠 Estate ownership. I would LOVE❤️to be your Trusted Realtor🏡🗂📑. In the DFW area...I got you covered!!! Inbox me today!!!

10/16/2018

Do I Really Need 20% For A Downpayment To Buy A House?🤔

Nope It's A MYTH!!

The 20 percent down payment myth is circulated to this day because you need 20 percent down to avoid mortgage insurance with most conventional (non-government) loans. But, as many homeowners have discovered, PMI is not bad. In fact, many buyers in previous years have made $13,000 per year by investing in PMI.
Since the advent of FHA loans in 1934, mortgages have not required 20 percent down. That was more than 80 years ago!
The following are ways in which you can buy a home with little down payment available, or even if you have no money at all.
FHA mortgage requires just 3.5 percent down. But most first-time buyers don’t know that the down payment can be sourced from a financial gift or approved down payment assistance program.

VA mortgages require zero down. Plus, they require no monthly mortgage insurance, helping you buy more house for less money. 100 percent of the closing costs can come from a seller concession or via gift funds from family. Those with current and former military service are likely eligible. These loans are offered by most lenders across the country.
CONVENTIONAL loans offer down payments as low as 3 percent.
USDA home loans require nothing down. Property eligibility is location-based. Homes outside of major metros are likely eligible. The loans are backed by the United States Department of Agriculture and offered by most mortgage providers nationwide.
Allow me to help you navigate towards Real🏠 Estate ownership. I would LOVE❤️to be your Trusted Realtor🏡in the DFW area...I got you covered!!! DM me today!!! FOLLOW AND SHARE MY REAL ESTATE PAGE: Marcus Does Real Estate

10/01/2018

PRE-QUALIFICATION/PRE-APPROVAL

What Is The Difference?🤔

These two terms can often be confusing in the home buying process. Let me explain the difference between the two!!
▪️PRE-QUALIFICATION:
A mortgage loan pre-qualification is simply an estimate of how much house you can afford and how much money a lender would be willing to loan you. The best time to get a pre-qualification is right at the beginning of your home buying process, before you even start looking at houses. This involves either sitting down with a lender or talking with one on the phone, and providing information on your income, assets, debts, and a potential down payment amount. The lender would then provide you with a ballpark figure in writing of how much he thinks you could afford to pay for a monthly mortgage. There is no cost involved and there is no commitment on either side. This estimate is just helpful in helping you figure out if buying a home is a viable option, and if so, what your price range would probably be.
▪️PRE-APPROVAL:
Getting pre-approved means that you have a tentative commitment from a specific lender for mortgage funding. In this case, you provide a home loan lender with actual documentation of your income, assets, and debts. This process typically requires an application fee as well, since the bank will run a credit check and work to verify all your employment and financial information. Once you are approved, the lender will give you a letter of commitment, stating how much money her bank is willing to loan you for a home purchase. With a pre-approval in hand you can start your shopping - real estate agents and sellers will take you much more seriously when they see you have your mortgage funding in place.
🏡If you or someone you may know are in the real estate market and and would love to take advantage of my exceptional service, please give me a call or inbox me.

09/27/2018

GOT BANKRUPTCY?

PLEASE READ IF YOU’RE THINKING ABOUT BANKRUPTCY: This was EXACTLY me & my wife 6 years ago. With BAD decisions compounded by a BAD economy, being self employed & then the business not bringing in enough money monthly, we found ourselves having to file for Chapter 7 bankruptcy in 2012. We thought it was impossible for us to be able to purchase a home. We now have TWO✌🏾Here’s some vital info you need to know👇🏾
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For many, a job loss or hard luck led to a foreclosure, which in turn led to a bankruptcy. This is due to a common outcome of a foreclosure: a “deficiency.”
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A deficiency is a charge from the former lender for the amount they lost in the foreclosure.
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The lender has the option to seek a judgment for the deficiency. Each state has different laws regarding this matter, however. In some areas the former owner only receives a 1099 and the deficiency is viewed as income for tax purposes.
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Paying off this deficiency can be unrealistic for many individuals and families. They no longer own the home, and the foreclosure was caused by circumstances outside their control.
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The course of action that many people take is to file bankruptcy to clear their name from the deficiency.
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If this sounds like your situation, you probably filed a chapter 7 bankruptcy and included your home and mortgage. You did what you had to do to get a fresh start. Fortunately, this action does not disqualify you from ever getting a mortgage again.
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You got back on your feet, re-established your credit, and you feel like you don’t need to be renting anymore. Now you just have to make sure enough time has passed.
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Chapter 7 Bankruptcy Waiting Periods: Each loan type has its own waiting period guideline after a bankruptcy. Waiting periods for the four major types of loans are as follows.
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▪️FHA loans: 2 Years
▪️VA home loans: 2 Years
▪️Conventional mortgages: 4 Years
▪️USDA home loans: 3 Years .
We can help you navigate towards Real🏠 Estate ownership. Call or Inbox me!

09/19/2018

Texas Real Estate Commission Consumer Protection Notice

09/19/2018

HUDDLE UP EVERYBODY🗣️
Here's The Game Plan For A Down Payment On A House. Ready...Break 🏈

When buying a house, offering a big down payment can save you a lot of money in the long run. Here’s how to save for a down payment the smart way.

Even if you don’t plan to buy a house for several years, you’ve probably started thinking about how to save for a down payment. Unlike saving for retirement, where the funds you stash away likely won’t be accessed for many more years, a down payment is a large sum of money that you’ll need to access soon.

This means slowly setting aside small amounts and investing them in the stock market just won’t work.

Memorize these seven plays, we’ll cover how to start saving for the biggest purchase you’ll likely every make, and how to do it in the smartest way possible:

Play 1: Figure out how much you’ll need to save

Play 2: Determine your timeframe

Play 3: Find the best way to save for your down payment

Play 4: Make room in your budget .
Play 5: Set up an automated savings plan

Play 6: Bank those windfalls

Play 7: Build flexibility into your savings plan.

Allow me to help you navigate towards Real🏠 Estate ownership. I would LOVE❤️to be your Trusted Realtor. Inbox me today!!!

09/19/2018

CREDIT CARD SCAMS ARE REAL.

Here's what to look out for, maybe it will save you time and money...

Social media has made it so easy for anyone to be an expert…..Especially a Credit Expert. Post a few credit tips, take a picture in a suit, create a Google Voice number, buy a few followers and POW, they’re in business!

This is one of the reasons why the credit repair industry is so tainted. This industry is easy to get in and even easier to get out. Preying on the uneducated and people in desperate measures can makes it even easier for these bad apples to scam and I totally understand why people often believe credit repair is a scam.

Trust your INTUITION (go with your gut) and LOOK OUT FOR THESE SIGNS:

Be careful of a credit repair company that does the following:

1. Tell you that you must pay for the entire service up front.
2. Tell you to create a new identity or credit file. (such as using a cpn number)
3. Guarantee that they can remove anything and everything from your credit report.
Inform you that your bad credit will be removed in a specific amount of time. (Stating all of your negative accounts will be removed in 30 days.)
4. Tell you to get a police report.
5. Tell you to put a security freeze on your credit report while they are repairing your credit.
6. Tell you not to look at your credit report while they are repairing your credit.
7. Don’t inform you of your legal rights.
8. Have a Google Voice number.
9. They aren’t easy to reach, especially when you are facing a concern.
10. Only wants you to pay with cash.
11. Claim to know a credit loophole (they know someone that works at the credit bureaus that can wipe your credit clean.)
12. Won’t or can’t explain to you EXACTLY what their services provide.
13. Their social media outlets are constantly changing or disappears altogether.

What Credit Repair Companies BETTER do:

1. Tell you how much their services are.
2. Tell you how long it will take to you see results.
3. Inform you of the cost of their services.
4. Tell you about their guarantees.
5. Allow you to cancel FREE of charge.
6. Provide you with a written contract.
7. Charge after the service has been rendered.

If you need assistance I have a credit repair team on stand by.

09/14/2018

I
AM
A
REALTOR®

09/09/2018

Raise Your Real Estate IQ:
Is Your Home Overpriced?🤔
This may help...

1. Appraisal Problems:
Even if you do find a buyer willing to pay an inflated price, over 90% of buyers use some kind of
financing to pay for their home purchase. If your home won’t appraise for the purchase price, the sale
will fail.

2. No Showings:
Today’s sophisticated home buyers are well educated about the real estate market. If your home is
overpriced they won’t bother looking at it, let alone make you an offer.

3. Branding Problems:
When a new listing hits the market, every agent quickly checks the property out to see if it’s a good fit
for their clients. If your home is branded as “overpriced”, reigniting interest may take drastic measures.

4. Selling the Competition:
Overpricing helps your competition. How? You make their lower prices seem like bargains. Nothing is worse than watching your neighbors put up a sold sign.

5. Stagnation:
The longer your home sits on the market, the more likely it is to become stigmatized or stale. Have you ever seen a property that seems to be perpetually for sale? Do you ever wonder, What’s wrong
with that house?

6. Tougher Negotiations:
Buyers who do view your home may negotiate harder because the home has been on the market for
a longer period of time and because it is overpriced compared to the competition.

7. Lost Opportunities:
You will lose a percentage of buyers who are outside of your price point. These are buyers who are looking in the price range that the home will eventually sell for but don’t see the home because the
price is above their pre-set budget.

🏠🏠Are you in the market to Buy or Sell in the DFW area??? Please allow me to help you navigate towards Real🏠 Estate ownership. I would LOVE❤️to be your Trusted Realtor. Call or Inbox me today!!!🏡🏡

09/08/2018

MOVING SOON?🏡

Remember to do this...Notify you local post office of new address and mail change of address forms at least one month in advance.
This is a free service for the time periods listed below:
First Class, Priority and Express Mail: 12 months unless otherwise requested by mailer.
Newspapers and Magazines: 60 days.
Packages weighing 16 ounces or more: 12 months locally (you pay forwarding charges if you move outside the local area. If you do not want this class of mail forwarded, contact your local Post Office).
Mail Address Change Notification cards to people and businesses who send you mail.

Marcus Does Real Estate

12/17/2018

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