Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Wednesday, November 12, 2008

CITIGROUP WILL HELP AT-RISK HOMEOWNERS

NEW YORK (Associated Press) – A little over a week after JPMorgan Chase & Co. announced plans to help keep at-risk borrowers in their homes, another major bank is stepping up its efforts to help struggling homeowners.
Citigroup Inc. announced yesterday that it will not initiate a foreclosure or complete a foreclosure sale on any eligible borrower if it is the borrower's principal residence, the homeowner is working in good faith with Citigroup, and the homeowner has sufficient income to make affordable mortgage payments.
Over the next six months, Citigroup will reach out to 500,000 homeowners deemed as potentially needing assistance to keep up with their payments. This represents about one-third of all the mortgages that Citigroup owns.
Citigroup plans to devote a team of 600 salespeople to assist the targeted borrowers by adjusting their rates, reducing principal, or increasing the term of the loan.More than four million American homeowners with a mortgage were at least one payment behind on their loans at the end of June, and 500,000 had started the foreclosure process, according to the most recent data from the Mortgage Bankers Association.

Tuesday, November 4, 2008

SH 29 Safety/Mobility Task Force for Williamson County

Dear Neighbor,

Please find below information about the SH 29 Safety/Mobility Task Force for Williamson County, which was organized as part of the SH 29 Corridor Study. We wanted to share information about its progress and ask for your input on this important project.

Safety/Mobility Task Force
The Williamson County Commissioners’ Court created an advisory task force to examine and recommend ways to improve overall transportation safety and mobility on SH 29 for residents, businesses and visitors, while minimizing impacts to neighborhoods and communities.

The task force is made up of reprentatives from law enforcement, EMS, fire departments, the county, cities, school districts and TxDOT. It is now beginning to identify safety issues along SH 29 and would like your input at this early stage in the process. If you have safety or mobility concerns you would like to share, please send them to roads@wilco.org. The task force needs your help identifying the problems. Please include specific locations.

An example of the type of information the task force is seeking:
"I live in Gabriel's Overlook.Traffic along SH 29 moves too fast for me to safely enter or exit my neighborhood. Is it possible to add a deceleration lane to make right turns into the neighborhood."

Name:
E-Mail Address:
Phone Number:
Mailing Address:

The task force is gathering public input, as well as data such as traffic counts, accident reports, emergency response times and associated project costs. Once all of this is collected, the task force will prioritize issues to ensure available funding goes to address the greatest needs. In addition, coordination with TxDOT will be a part of the process as SH 29 is a state highway.

Again, please submit your SH 29 safety concerns to roads@wilco.org
Your input is greatly appreciated.

Thank you.

Williamson County Road Bond Program