*Premiere Edition* Vol.I, No.1 www.renewssource.com March 1, 2015 Understanding Collateral Underwriter™ By: Pat Farrell PRSRT STD U.S. Postage PAID San Antonio, Texas Paid Permit #1590 There is one thing about it, there is nothing more constant than change! In late January of this year Fannie Mae launched its proprietary property appraisal review tool better known as Collateral Underwriter™ (CU) and made it available to the mortgage lending community. CU consists of a database that includes information for almost 20 million transactions and more than 12 million appraisals coupled with a self contained stepby-step set of operations to be performed upon appraisal information that is input to the system. The result of this analysis is the assignment of a rating, from one (low) through five (high,) that purports to assess the risk potential to a mortgage lender and raises flags when information in an appraisal does not match what is in the system. It is fair to say that the introduction of CU has been met with a significant amount of trepidation and controversy as to its over- all value and intent. There have been claims that use of the program will likely result in delays or cancelled transactions and could possibly increase overall appraisal costs. While it has generated many questions in the industry some appraisers view it as an attack on their integrity and personal skills. Hopefully by the time CU is fully implemented in late March these issues will be set to rest. Comments from online discussions concerning CU are mostly from appraisers with some from lenders scattered in. The tone of most of these comments addresses who is to blame for this change being initiated. Some say things like: now it will be a computer generated algorithm to definitely make the appraiser's job more difficult or next to impossible, and appraisers are already overworked and under paid. Or: it was never the appraisers fault or the buyers fault or the agents fault - the lenders birthed it! Or: real estate agents have always been the ones who pressure the lenders when an appraisal comes in low. Or: underwriters are gods – so appraisers now are not really needed. Or: why did Fannie Mae and Freddie Mac spend all that money - they could just have used Zillow and I’m not sure which one would be more wrong! Many agree that the negative reaction has in part been due to a lack of sufficient solid information along with some disinformation that has led to some general misconceptions. While the information related to CU contained here may be superficial, there have been and will continue to be presentations locally on this subject that are presented by the major players, appraisers and lenders, that are open to all who wish to attend. One area of confusion is that it has been said that utilization of CU will not be mandatory, but that is essentially incorrect as lenders that deliver loans to Fannie Mae are held responsible for reviewing appraisals to confirm that they meet the policy guidelines. And lenders who routinely do not sell their loans to Fannie Mae will not have access to CU. Since the CU program is expected to be fully implemented prior to this April, it is important that all involved understand what is expected of them and how it may (or may not) impact their transactions. The intent for this reviewing of appraisals is to be sure that the data entered compares to what is already on file so the property value truly reflects the quality and condition of the property. Fannie Mae has noted in published information that, for appraisals, CU performs a more comprehensive analysis of data integrity, comparable selection, adjustments, and reconciliation. When the submitted appraisals don’t measure up to comparable data already in the CU system, lenders will receive notice when certain areas have been “flagged” and it will be necessary for them to make the needed corrections before reevaluation of the data to be certain it is eligible for a more favorable score. A property address that receives a rating of 1.0 is usually new construction and could obviously meet all guidelines and it is important to note that CU does not treat new construction any differently than existing properties. On the other end of the scale, a property that receives a rating of 5.0 will require a new, in depth review of the information contained therein to bring it to the point where, upon resubmission, Fannie Mae would accept it as being less risky. In cases where properties do receive higher ratings it could likely require some renegotiation between the parties to the existing contract in order to adjust it to be in agreement with the final appraised value. The goal of the CU process is to ensure that appraised values are consistent so that if 20 appraisers are looking at the same address, the collective appraised value would be the same, and if it is not then the data that accompanies the report must be reexamined. Mortgage companies may vary in how they go about complying with CU guidelines. Whatever their approach the end result is to look at utilizing a process that is most efficient and least costly to both their company and the borrower. It had been suggested that this new system would result in sky high costs for appraisals but that seems not be the case as one company I spoke with reported their appraisals increased by only ten dollars. Recently a company added more appraisers to their staff with their main responsibility being to take care of the areas that have been flagged because the data entries are inconsistent with the CU database and are therefore not acceptable within Fannie Mae’s guidelines. I believe it is also fair to say that it will take a while for some appraisers to stop feeling they are being singled out and over regulated when this new process seems to impose no additional requirements on underwriters, mortgage brokers and REALTORS®. But of course it is the mortgage lender and the underwriter who will suffer the risk should they provide a loan for a property that is questionable as to its true value. On a personal note, prior to the institution of the CU tool, I recently had two appraisals done on the same property. The first came back at $161,000 and the second at $149,000 so it easy to see that all appraisals are not equal and had they been run through CU there would have been all sorts of flags returned to either lender. Given time, I expect CU will be accepted as “it is what it is” and the grumbling will cease as the industry waits for the next “change.” 2 REAL ESTATE NEWS SOURCE March 1, 2015 The Monticello Homes sales team at the 4th Quarter Sales Awards held at El Jarro. REAL ESTATE NEWSSOURCE A PUBLICATION OF PUGS PUBLISHING LLC Publisher/President.....Courtney Smith Sales & Marketing .............Candi Meyer Cell - 557-8722 Contributing Writers: ......Cathey Meyer ..................................................Pat Farrell Columnists.....................Susie Sheffield ......................................Mary Ann Jeffers (210) 508-0888 Real Estate NewsSource is not responsible for the opinions or facts expressed by non-staff writers or for errors and any byproducts in advertising or editorial copy. REALTOR® is a registered trademark. The word REALTOR® sometimes appears in this paper without the registered trademark symbol (®), for the purpose of saving space. Wherever the word REALTOR appears in this space, the registered trademark should be assumed. We welcome submissions of photos, press releases or articles. Send to: Real Estate NewsSource 10004 Wurzbach Road, #288 San Antonio, Texas 78230 Cris Balderas, Highland Homes welcomes Wayne Johnson, Coldwell Banker D’Ann Harper Realtors and Missy Reiley, Katie Griffin-Ross, RE/MAX Associates and Diane Keller Williams City View to the Highland Homes brunch at Lauer, Keller Williams City View are all smiles at the February WCR Luncheon. Stillwater Ranch. E-MAIL: [email protected] Please include a self-addressed stamped envelope if material is to be returned. www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE From The Chairman’s Desk Tori Streff, Burdick Custom Homes and Jenny Forsyth, Reliance Residential Realty at Burdick Custom Home’s new community, Smithson Ridge. By Mary Ann Jeffers Chairman, San Antonio Board of REALTORS® Make Your Voice Heard at the Hill Visit on April 14 On April 14, 2015 the San Antonio Board of REALTORS®, working with the Texas Associations of REALTORS® (TAR), will come together in Austin, Texas to demonstrate the importance of the real estate economy to the Texas State Legislature. In today’s world, being a REALTOR® goes hand in hand with being in politics. There’s a reason why Texans don’t pay a tax on every deed recorded by the county clerk and why most private transfer fees on real estate transactions have been eliminated. There’s a reason that cars aren’t taxed as property and property managers are licensed professionals. These accomplishments have been realized because of REALTORS® working with SABOR and TAR in support of private property rights and REALTOR® issues. In fact, there’s a team of people fighting every day to protect the rights of REALTORS® and their clients at City Hall, the Texas State Capitol, and the U.S. Capitol. The annual REALTOR® Hill Visit supports these efforts. Thousands of REALTORS® on Capitol Hill sends a clear message to the State Legislature that real estate is the single most important segment of the economy. This year in Austin, TAR isn’t happy just to play defense. They have committed to moving forward an agenda that would triple the annual homestead exemption to $45,000, eliminate the $200 annual professional license tax paid by brokers, end diversions from the State Highway Fund, and outlaw rental registration throughout the state. It’s an exciting time to be in real estate. Come out on April 14 and join with REALTORS® from throughout the state. You can be part of the most impressive display of grassroots political advocacy this State has ever seen. The cost is just $15 to participate and covers the bus ride there and back, a barbecue lunch at TAR and other refreshments. Visit SABOR.com to learn more. Kristen and Sheila Moran, both RE/MAX Access get ready for the RE/MAX Convention. 3 4 REAL ESTATE NEWS SOURCE March 1, 2015 Alfonso Rivas and Alvaro Pequeno, both Patty Pequeno Real Estate. Victor Yong, Home Team of America and Gordon Deering, Keller Williams City View. KB Home Agent Social Andy Mushinski, Keller Williams Heritage with Gina Dawe and Arnold Santos, both with KB Home. Carol Spencer, Keller Williams City View, Alma Lopez, Keller Williams Legacy, Victor Yong, Home Team of America and Sharon Brenner, Keller Williams City View. Rosalva Flores, RJ Carter Real Estate w/ Laci Padilla, KB Home Daniel Quesada and Elsa Cantu, both Mitchell Realty. Roland Gonzalez, Urban LUX Realty and John Kuntz, III, Reliance Residential Realty. Brigitte Owens and John Gattas, both Owens Real Estate and guest Diane Koenning. www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE 5 6 REAL ESTATE NEWS SOURCE March 1, 2015 YPN Bowling Rachel Castillo and Sara Gerrish, both RE/MAX Unlimited. Jan Hicinbotham, Coldwell Banker D’Ann Harper Realtors and Kari Utz, Apartment and Relocation Center. Tiffany Wright, RE/MAX Access, Beatrice Briseno, RE/MAX Unlimited and Shannon McLaughlin, Boardwalk Real Property Management. Rick and Mavis Brown, both Realty Executives of San Antonio. Charles Bamford, Alamo Zippyshell, Brenda Mullen, RE/MAX Access and guest. The Trey Group and Van Dyk Mortgage, a Stellar Partnership! (center) Melinda Hipp, Branch Manager, VanDyk Mortgage with (l -r) Bobby Cortez and JJ Gorena, II, both with the Trey Group of Keller Williams City View Melinda Hipp, Branch Manager, NMLS# 219085 Office: 210-493-7332 • Fax 210-247-9413 17721 Rogers Ranch Pkwy., Ste. 215, San Antonio, TX. 78258 Branch NMLS# 866803 March 1, 2015 www.renewssource.com The Way I See It By Cathey Meyer Post Traumatic Shopping In an act of full disclosure, on occasion, incidents that are related in this space are smaller than they actually appear. If you look at the fine print on any rear view mirror, you realize looking back always allows for more in-depth reflection. (Please feel free to use that as your next tee-shirt insignia.) I am constantly amazed at what people innocently believe is fact and what might indeed just be stretch of almost truth. For the record, (and this encompasses over a decade of writing) I did not place my nephew in a microwave oven (reference 2006); I did require under-educated young men to haul too much stuff down two flights of stairs and then up another flight of stairs in 100 plus degree heat (reference 2009); I did not buy a lifetime supply of FOREVER stamps (reference 2007); and I might have made a New Year’s Resolution in 2013 and kept it. The following, however, is a factual recollection of a recent life experience. In a practicality twist, my family enjoys receiving really nice bath towels for Christmas gifts. One of those things you do not really get for yourself, but when someone else foots the tab, you get the good stuff. Of all places, we have discovered the towels at the ‘hardware’ store that claims to restore stuff as the best of the best. I assume the towels themselves are not restored from some pre-used form, but it really does not matter as they are BIG, soft, fluffy and indestructible in any kind of washer/dryer situation. My usual purchase location is from the big outlet mall as I enjoy the shopping experience at all the other stores that house things I don’t need at prices that may or may not be cheaper than retail. Somehow this year, I miscalculated the final towel tally and came up short one bath sheet (towels for the larger than average torso) and one bath mat (not to be confused with the plush bath rug). I discovered my local restore-the-hardware store in a pricey local zip code and decided to just pay the retail price and complete my absorbing obligation. I entered the store, which looked very similar to its outlet counterpart, just a bit smaller. The bath REAL ESTATE NEWS SOURCE section was buried in the back, but I located shelf after shelf of colorful towels and removed the two missing items on my list. As I approached the register, the accented ‘sales consultant’ in skinny jeans and a matching IPad, let out a gasp. I looked down to make sure my fly was OK and my buttons were all attached. I placed the two items on the counter and she gasp again. “We do not touch the merchandise!” She shrilled. I backed away from the counter thinking some alarm had been set off. She immediately mumbled something into the microphone attached to her head and then remembered to smile at me with her blinding white teeth. “Someone will be right with you. I am not authorized to handle items removed from the shelves.” I looked around to make sure I had entered a STORE and not a foreign spy facility. Everywhere I looked there were things for sale with price tags on them, but indeed, I was the only moron who had touched merchandise and hauled it to a register. I presume after the facial recognition camera determined I was not a shopping terrorist, two more Stepford ‘consultants’ appeared in skinny jeans, IPads and communication headsets. “We understand you wish to purchase a mochamilk-chocolate-light-seared bath item? We will check to see if we have them in stock.” I was confused—they had shelves full of ‘stock’ and nobody buying it. “We have checked in the back. Your items are not in stock. You will have to order them.” Never mind they were RIGHT THERE ON THE COUNTER and I had a 7 purse full of cash. I gave in and decided to try something new and subjected myself to the endless questions requiring ordering something I was staring at the entire time. At the conclusion of our interview, they asked where I would like my items delivered in the next 5 to 10 days. I told them I could pick the towels up at this store as I was pretty sure I would just be picking up the very towels I was looking at. “We are sorry ma’am. That is not allowed. We must have an alternate address.” The ‘we’ stuff was getting to me and I was close to getting creeped out when logic intervened and I inquired as to a delivery charge. “Yes ma’am. There is a delivery and handling fee in addition to the charge for this exclusive merchandise.” HOLD the UPS! The restoring hardware store wanted me to pay to have merchandise delivered to a location other than their retail store where I was currently standing ready to purchase the merchandise sitting on the counter directly in front of me. This, my friendly readers, is an actual Twilight Zone event. As you may have hypothesized, my money and I departed the store (even though they had all my personal information) scratching my logic cortex trying to figure out if consumers really ‘shop’ this way. How did I miss the new retail shopping memo? If anyone has the 2015 shopping regulations, please update my shopping status in Facebook—NOT! Just verbally fill me in the next time we meet face-toface. (Sans the skinny jeans and headsets.) 8 REAL ESTATE NEWS SOURCE March 1, 2015 Pat Acquisto, Keller Williams Legacy dons the hardhat for her work with Habitat for Humanity. Kenley Mendoza and Diane Brooks, both David Weekly Homes welcome Barb Cardavoyne and Daniel McKinski, both JB Goodwin to their company event at Paesanos. Pat Farrell, Slater Realtors, Lynn Bradshaw, Frontier Title and Barbara del Amo, Keller Williams Legacy at the WCR Happy Hour to raise “Baskets for Beauties” money for residents of the Battered Women’s Shelter. Tori Streff, Burdick Custom Homes meets Travis Amaro, Kuper Sotheby’s International Realty at the Burdick & Frank building site. Don’t Forget To Set The Clock! Daylight Savings Time Starts Sunday March 8th (back row l-r) Jeff Cruz, Bobbie Greenman, Melissa Marquez, Margaret Canfield and Jeff Cameron with (front row l-r) Cynthia Gutierrez, Alex Deimel, Laura Medlin and Corvette Wiseley (not pictured: Margot De La Paz, Ashley Herrera and Donna Jacobs) 210.812.5500 1354 N. Loop 1604 E. #103 San Antonio, TX 78232 Corp NMLS# 24055 www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE 9 10 REAL ESTATE NEWS SOURCE March 1, 2015 Adrianne Lacroix, Keller Williams Legacy and Maudel Hardie, Hardie & Associates. Gail Couser, Independence Title and Johnnie Childs, Icon Realty. GRI February Breakfast at the Petroleum Club Pat Strong, GRI Instructor shows Dan Lopez, Integrity Realtors how to read handshakes. George Brannon, Brannon Properties, Pat Strong, Pat Strong Realty and Pat Farrell, Slater Realtors. Kathy Olivarez and Eva Dominguez, both Trinity Title. Amy Karns, Northwest Real Estate, Pat Strong, Pat Strong Realty and Jackie Doherty, guest. Tim amd Nancy Brown, both of RE/MAX Corridor. Stewart and Marian Knowlton, Keller Willams Heritage. www.renewssource.com March 1, 2015 Lisa Stanley, Coldwell Banker D’Ann Harper Realtors with John Gattas and Brigitte Owens, both Owens Real Estate and Rose Arredondo, Coldwell Banker D’Ann Harper Realtors at the David Weekly event at Paesanos. All smiles at the WCR Luncheon are Paula Grigsby, President, TAP FCU and Debbie Keeland, Stewart Title. At the Highland Homes and Mi Homes Balcones Creek Grand Opening we find Heather Hart, Keller Williams Legacy and Debbie Ortiz, Realty Executives Access. REAL ESTATE NEWS SOURCE 11 12 REAL ESTATE NEWS SOURCE March 1, 2015 Matt Mauldin, JB Goodwin and Mike Higgins, Monticello Homes. Joseph Caldari and Larry Allen, both Monticello Homes and Sean Hamilton, JB Goodwin. Monticello Homes and Japhet Homes Bob Borders, Keller Williams Boerne and Patricia Broyles, Realty Executives Select Properties. Paige Japhet, Vi Arnold and Kimberly Kiper, all Japhet Homes. March 1, 2015 www.renewssource.com REAL ESTATE NEWS SOURCE 13 Melissa Cavazos and Karen Shaffer, both Frontier Title. Treat Realtors to Lunch at Napa Oaks Rose Arredondo and Lisa Stanley, both Coldwell Banker D’Ann Harper Realtors. Tara Masling, Masling Properties and Desaree Vega, Legacy Mutual Mortgage. Debbie and John Craig, both Key Realty. Jean Gross, Rick Brown and Mavis Brown, all Realty Executives of San Antonio. 14 REAL ESTATE NEWS SOURCE March 1, 2015 Stewart Title Cowboy Breakfast David Moore, Stewart Title and Bob Boyd, Gold Financial. Cherie Short and Mike Meyer, both Stewart Title. Tracie Mckee, Stewart Title and Randy Shanahan, Home Team of America. Eddie Gammill, Stewart Title and Jesse Adams, SWBC. Welcome To San Antonio Bob Smith, Guild Mortage, NMLS# 618347, is pleased to work with the new company Melanie Salas, Redfin. • Few INVESTOR OVERLAYS on our serviced FHA & VA products • In house underwriting and loan servicing • Fannie Mae, Freddie Mac, Ginnie Mae direct lender 210-348-8100 14100 San Pedro #210 • San Antonio, Texas 78232 For use by Real Estate Professionals only. Not intended for public use or distribution. Linda Hernandez and Mendy Renteria, both Stewart Title. Company NMLS# 3274 www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE 15 Trish Potts, Sonora Mortgage. Barbara del Amo, Alma Lopez and Linda Vasquez, all Keller Williams Legacy at the Sitterle Open House at Bluffs of the Dominion. Teresa Ruiz and Kim Compton, both Reliance Residential Realty at the company 2014 Awards. 16 REAL ESTATE NEWS SOURCE March 1, 2015 Cecilia Sosa, North American Title, Florence Terrell, Keller Williams Legacy and Mary Ann Jeffers, Reliance Residential Realty. Sherry Hughes, Guest, Elaine Sevier , JB Goodwin and Jackie Arnette, Keller Williams Legacy. CRS Lunch At Silo’s Diana Ridgway, JB Goodwin, Victoria Subia, Champions School of Real Estate and Leslie Wright, Capital Title. “Realtor LLC vs. Sole Proprietor A Major Difference in Taxes” Julie Craighead, Jeff Barefoot and Denise Smith, all Providence Title. Congratulations Mary Ann You Have Our Support New Event: Tax Strategies for Realtors KB Home meeting room 4800 Fredericksburg - 12:00pm - 1:30pm Other Event: (l) Marietta Alba and (r) Kari Utz with SABOR 2015 Chairman of the Board Mary Ann Jeffers 508 W. Rhapsody San Antonio, Texas 78216 (210) 493-1688 • (800) 598-1688 • FAX (210) 493-1695 11818 WURZBACH • SAN ANTONIO, TX 78230 Apartment rental assistance for long and short term needs. Corporate apartments. www.aptreloctr.com March 1, 2015 www.renewssource.com REAL ESTATE NEWS SOURCE Kathy Olivarez and Sylvia Vasquez, both Trinity Title. Elaine Sevier, JB Goodwin, Sue Trautner, BHHS PenFed Realty and Doc Martin, Niblock Company. CRS Lunch At Silo’s Susan Jones, JB Goodwin and Phyllis Trollinger, RE/MAX North San Antonio. Florence Terrell and Pat Acquisto, both Keller Williams Legacy. 17 18 REAL ESTATE NEWS SOURCE March 1, 2015 GSABA Update By Cheri Bass Director of Sales & Marketing, Sitterle Homes Who Will Be in the 2015 Million Dollar Circle? The sales have all been finalized, the numbers tallied a nd no w i t ’ s t i me fo r on e last look at the successes of 2014 as the Greater San Antonio Builders Association (GSABA) a nno unc e s t he 2 0 1 5 Million Dollar Circle Awards. This nationally recognized program celebrates the newhome sales professionals who closed more than $1 million w o r t h o f s i ngl e -fa mi l y h om es, townhomes or garden homes during one calendar year. The GSABA Sales and Marketing Council will give a w a rds i n fo ur c a t e gories: Bronze Citation for sales from $ 1 m i ll i o n t o $ 1 . 9 mi l lion ; Silver Citation, $2 to $4.9 million; Gold Citation, $5 to $9.9 million; and Platinum Citation, $ 1 0 m i l l i o n a nd a bo ve. With new-home closings up and the number of housing starts in the upper price ranges also increasing last year, we are hoping to welcome a record number of new-home sales pro fessionals to the Million Dollar Circle. The annual awards pre sentation happens 9 a.m. Monday, March 2, preceded by b reak fast an d n etworking opportunities at 8:30 a.m. The event is typically a sold-out event, but those hoping for a last-minute ticket are welcome to contact Valeria Munoz at [email protected] or 210-696-3800. Rally Day Road Trip Just two days after the 2015 Million Dollar Circle Awards, GSABA members will gather again for a road trip to Austin. The March 4 Rally Day will give interested member s a chance to increase their famil iarity with the legislative issues facing the building industry. Attendees will be able to meet legislator s to discuss the association’s legisla tive agenda and gain insight on possible actions this legislature might take. It’s an important grassroots initiative that safeguards a healthy real estate market. 2015 Summit Awards The association is now taking entries for the 2015 Summit Awards, with an earlybird deadline of Marc h 13 and a final deadline o f A p ril 1. This prestigious awards cere mony honors builders, remod elers, developers and associ ates who have sh ined in 2014. New this year is a Grand Award, open to production and custom builders who enter four or more categories. Learn more about the awards p ro g ram o r begin the entr y p ro c ess at http://www.sananto niobuilders.net/sum mitawards/summitaward home.php. Adam Hughes, Legacy Mutual, with twins Madison and Baily and wife Bridget, enjoy dinner at Stomewerks. www.renewssource.com March 1, 2015 Nora Uriostegui, Mission Real Estate Group and Connie Ramirez, BH&GRE Bradfield Properties at the Sitterle Open House at the Bluffs of Dominion. Vi Arnold and Kimberly Kiper, both Japhet Homes at the WCR Happy Hour to benefit the residents at the Battered Women’s Shelter. Cynthia Acosta, Keller Williams City View and Raul Vergara, Premier Realty Group at Imagine Homes on Old Fredericksburg. REAL ESTATE NEWS SOURCE 19 20 REAL ESTATE NEWS SOURCE "One set of keys at a time!" This is the driving vision behind the exceptional service and positive attitude that Providence Title Company seeks to provide with every real estate closing. Starting out with the original five Dan Foster Fee Attorney Offices, with over ten years of history throughout Texas, Providence Title emerged as an independently owned Texas title company in May of 2008. Within the first few months of its founding, word quickly spread across the Lone Star State with customers and employees looking to become a part of the company. This excellent reputation allowed Providence Title to double in size as they added several more independent closing offices. Today Providence Title, headquartered in Dallas, has 26 locations within the Austin, Dallas, Fort Worth, Houston and San Antonio areas with approxi- March 1, 2015 mately 250 employees. Providence Title's continual focus on customer and employee needs originates with its six owners, five of whom are in the Dallas area and the sixth, Denise Smith, who covers Austin and southward including San Antonio and its surrounding areas. Each owner strives to maintain a fully customer focused business that, through enhanced personal relationships, will result in success for their clients and their team members. Each owner at Providence Title works daily in the title business. They are fully available to their associates and customers to ensure each facet of the closing process is managed properly. Should title problems arise, Providence is able to handle these issues with access to seven different underwriters equating to seven different options for obtaining the necessary “yes” needed to suc- Spring Is On Its Way! Ellen Schuler, NMLSR# 409880 210.860.0031 40 N.E. Loop San Antonio, 410 TX 78216 cessfully close the transaction. In the same way lenders shop for favorable rates, Providence Title shops for the ideal closing solution. Oftentimes the competition has fewer options available to them and in some cases they may have only one source within their plant to try to overcome title issues. Since its inception Providence Title has actively given back to the various local charities in the communities where employees live and work. They participate in the annual Toys for Tots by collecting new unwrapped gifts at each office and donating them to children in need.To assist in the search for a cure for breast cancer, Providence Title supports the various “Bras for a Cause” events held around the state.Locally, Denise Smith's closing team has been involved for a number of years with the Fiesta Royal Court and participates in many Fiesta activities. Denise is also an active member of Lo Bello Women’s Association which, through their fundraising efforts, provide deserving Bexar County applicants scholarships to schools of their choice. And since 2011, Providence Title has been recognized as a Platinum Top 50 REALTOR® Affiliate. This year in San Antonio, Denise Smith and her teams will be involved in two additional philanthropic community events. First, she is a candidate for the Leukemia and Lymphoma Society’s Woman of the Year and as such will be competing to raise the largest amount of donation dollars in the name of a young survivor of the disease. Next, she will be competing in the local Fifth Annual Dancing with the Stars event that supports Family Endeavors, a long-standing non-profit agency that provides an array of programs and services in support of children, families, Veterans and those struggling with disabilities. That event will be held September 26 at the San Antonio Shrine Auditorium. As Denise is quick to point out, it is her face that is visible, but is done on behalf of her company and her local teams. Providence Title's main goal is not to become your title company, but to become your partner in the real estate transaction process.Their team members actively work to provide an outstanding work environment and employee suggestions are respected and implemented. Title and escrow professionals might be interested to know that, unlike many other companies, they continue to grow and are always hiring. As Providence Title has employee owners, they are able to quickly react to customer and employee suggestions in an effort to continually enhance and improve your closing experience. Providence Title's San Antonio office is located at 700 East Sonterra Blvd. Suite 1215 and the office phone is (210) 495-0396. www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE 21 Sitterle Homes and PT50 at Triana in Helotes Cheri Bass, Erika Ramos of Sitterle Homes. and Kelly Maizel with PT50. Pattie Holladay, Jessica Garza, Denise Martinez, Aurora Crawford, Lisa Martinez and Roland Flores, all with Coldwell Banker D’Ann Harper Realtors. Sharon Brenner, Keller Williams City View and Patti Bennett, Realty Executives Select Properties. Todd Weber, Sente Mortgage and Sue Baillio, JB Goodwin. Denise Martinez, Coldwell Banker D’Ann Harper Realtors. 22 REAL ESTATE NEWS SOURCE March 1, 2015 www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE 23 24 REAL ESTATE NEWS SOURCE March 1, 2015 www.renewssource.com March 1, 2015 REAL ESTATE NEWS SOURCE 25 26 REAL ESTATE NEWS SOURCE March 1, 2015 Century 21 Scott Myers Welcomes 3 POLLARD WHITE The office of Century 21 Scott Myers, Realtors is delighted to announce the affiliation of three agents to the firm. Valorie Pollard recently moved to Century 21 Scott Myers, Realtors from another company. Prior to entering the real estate profession in 2014, she was employed as a social worker for 28 years. Christina White comes from Maryland. She attended St. Mary's University and decided to remain in San Antonio. She is full time in real estate, but is also a partner in a horse and carriage business that is involved in many events. GARZA Robert Garza is a retired university professor. He has taught Geology and Geography at SAC and the University of Houston. Garza is a member of the Professional Tour Guide Association and gives tours of such places as Rocky Mountain National Park and parts of South America. RE/MAX Corridor Celebrates New Sales Associate R E / M A X Corridor is happy to welcome new sales associate Nathan A. Sagun to our office. Nate, his wife and two children relocated to the San Antonio area in 2011 SAGUN after serving 5 years with the Department of Homeland Security and the Navy Reserve based out of San Jose, California. Nathan was born in the Philippines and is fluent in Tagalog, an Austronesian language spoken mainly in the Philippines. He enjoys working with both buyers and sellers and has a keen interest in helping military families relocate to the area and find their dream home. Nate can be reached at 210-7651780. Want a Custom Design? We Do That!! Century Communities Unveils Expanded Brand in Austin and San Antonio Markets Century Communities, a national homebuilder with communities in Colorado, Georgia, Nevada, and Texas is pleased to introduce the brand transition for its operations in Austin and San Antonio following its September 2013 acquisition of Jimmy Jacobs Homes. On February 2, the former Jimmy Jacobs Homes operations officially launched a new look with the name and colors of Century Communities. The re-branding continues Century Communities’ strategy of expanding into markets with strong economic growth, favorable demographics, premier locations and exceptional product. Builder Magazine recently named Century Communities as one of the top 5 fastest growing builders in the country. The homebuilder will soon open six communities in local markets including Reagan’s Overlook in Austin, Pearson Place at Avery Ranch in Leader, Siena in Round Rock, Avalon in Pflugerville, Rough Hollow in Lakeway, and Steven’s Ranch in San Antonio. The company continues to deliver quality, LEED-certified homes in highly desirable neighborhoods. Century Communities has expanded rapidly in the Austin market, doubling the number of developments with 12 current Austin-area communities. Additonally, Century Communities operates in four San Antonio-area developments. Sandahls Open New Company, Steps Realty Chris and Rachael Sandahl are very excited about the opening of their own real estate company, Steps Realty. They both come from families of business owners so this is not only a dream come true, but also carrying on a family tradition. This wouldn't be possible without the loyalty and support of their family, friends and clients. They are ready to help you take the next step! THE B ARTON CO., CARPETS P R O P E RT Y MANAGEMENT SOLUTIONS ........ Or choose one of our ready for move-in homes 100% N Y L O N CARP E T S O L UT I O N D Y E FHA 3/8” PAD STARTING AT 1.48 SF (VAC) 12.24 S Q Y D (VAC) FHA CARPET 1.58 SF / 13.01 SY Andalucia at The Dominion Move-In Ready 6318 Sevilla Way • 5 bedrooms • 5 full baths • 2 half baths • game room w/balcony • theater room • conditioned wine room Call Bill Dayson - 210-372-9207 Andalucia in The Dominion - New Model Now Open - 6314 Sevilla Circle Gardens at Greystone - Only 2 lots left to custom build on Hidden Canyon - In the heart of Stone Oak from the upper $400's Building Homes - Building Relationships mcnaircustomhomes.com C arpe t S pe cif ically E ngine e red For Property Managers. Installed (VAC) Wi t h S p i l l g u a rd P a d 1 .7 7 SF / 1 4 .5 8 SY SIX MONTH FINANCING Deferred interest with minimum monthy payments Call Us For All Types Of Flooring • Carpet • Hardwood • Ceramic Tile • Vinyl 655-8269 100% Nylon, FHA Grade Carpet in stock for very prompt installation March 1, 2015 www.renewssource.com REAL ESTATE NEWS SOURCE 27 Sitterle Homes Touts ‘Last Chance’ Communities Sitterle Homes has only a few homes and properties remaining in several popular San Antonio developments, Aviara, Triana and San Miguel at Canyon Springs The gated development of Aviara, located in the Westover Hills area near Lackland Air Force Base, features traditional Sitterle Homes’ designs and schools in the Northside Independent School District. One homesite is available and a home is under construction, offering four bedrooms, three baths and a three-car garage in 3,197 square feet. Slated to be complete this summer, the home is priced in the $480,000s. Two homes are ready now in Triana, a development in Helotes that boasts quarter-acre homesites. Buyers can select from one- and two-story homes, all with open floor plans, broad island kitchens, four or five bedrooms, three-car garages and abundant natural light. Prices of the available homes range from the $540,000s to $570,000s. In addition to the completed homes, three greenbelt homesites are available. Buyers can select from an array of home designs priced from the $420,000s. Sitterle Homes also is nearing closeout in San Miguel at Canyon Springs, an amenity-rich development located north of Loop 1604 near Stone Oak’s rapidly grow- Redfin Brings Its Real Estate Brokerage to San Antonio Cole Receives CIAS Redfin, the customerfirst real estate brokerage firm, t o d a y announced the launch of its homeSALAS buying and selling services in San Antonio. Redfin has a unique approach that combines technology and top-notch customer service to create a real estate experience that's better for consumers and also works to put money back into the pockets of both its home-buying and selling customers. On average, someone selling a home with a Redfin agent saves about $6,800. Redfin is excited to introduce Melanie Salas, who has been hired to launch and grow the brokerage in San Antonio. Melanie has over eight years of experience as a real estate agent. ing medical community and the Canyon Springs Golf Club. Sitterle Homes offers more than a dozen designs in San Miguel, with prices from the $370,000s and sizes up to 3,700 square feet and beyond. Three homes are under construction in the neighborhood, which is served by the Northeast Independent School District. These homes feature open great rooms, island kitchens, ample storage, formal dining and extended outdoor living areas. Prices on the available homes are from the $400,000s to $460,000s. Designation Imagine Homes Certified Outperformance + Solar Cathy Cole of RE/MAX North – San Antonio has earned the prestigious Certified Investor Agent Specialist® CIAS Designation, after completing extenCOLE sive training to understand the different real estate investor types, and the investment opportunities, financing options and calculations needed to provide solutions for each. Imagine Homes and The Dow Chemical Company, are excited to announce that Imagine Homes is Dow’s first Certified Outperformance + Solar Home Builder in North America. Imagine Homes has unveiled plans to build more than 100 homes in the San Antonio area that will incorporate both Dow Building Solutions Outperformance Homes system and award-winning Dow POWERHOUSE Solar Shingles, as standard features. This combined offering gives homebuyers in San Antonio the benefits of Outperformance Homes, an integrated system of Dow solutions that work together to better protect the home from air and water infiltration, temperature fluctuation and energy loss-plus DOW POWERHOUSE Solar Shingles, an integrated solar roofing systems that protects the home and generates electricity. 28 REAL ESTATE NEWS SOURCE March 1, 2015 (Back) Diane Lauer, Keller Williams City View, Tiffany Wright, RE/MAX Access, Corie Boldt-Hutt and Susie Sheffield, both CORIE Properties, Carolyn Rhodes, BH&GRE Bradfield Properties and Florence Terrell, Keller Williams Legacy. (Front) Donna Fremin, Century 21 Scott Myers, Carolyn Wyckoff, Wyckoff Realty and Pat Farrell, Slater Realtors. Carolyn Rhodes, BH&GRE Bradfield Properties. WCR/TAR Business Meeting in Austin R. Scott Kesner, TAR Chairman and Travis Kessler, TAR CEO. Corie Boldt-Hutt, CORIE Properties and Sylvia Seabolt, TX WCR Past President. Cathy Mitchell, TX WCR President, Susie Sheffield, CORIE Properties and Ethel O’Dell, TX WCR President Elect. Donna Fremin, Century 21 Scott Myers and Carolyn Wyckoff, Wyckoff Realty. M’lissa Steele, Reliance Residential Realty and Marie Gabriel, Limestone Country Properties. Florence Terrell, Keller Williams Legacy. Diane Lauer, Keller Williams City View.
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