Thursday, March 29, 2012

105 Winding Way (Cedar Grove) $ 214,000

This Home is the epitome of Classic Colonial Architecture w/Modern Updates while still keeping the Charm of a Colonial w/Formal Dining room and Living room.   This Home is made for Entertaining!  Open Floorplan  Newly installed Hardwoods Floors (including stairs) and Carpet.  The  Entire First floor including the Kitchen have been updated,.  The Beautiful updated fixtures and Travertine Tile in Kitchen with Bay window offers eat in area w/ built in Seating/Bench. The Bathrooms are Luxury offers  Limestone tile  w/ modern pedestal sink. Extra large BDR's.. The 4th Bedroom is perfect for a Teen Suite.  The Master Suite is luxury w/walk in closet and newly installed hardwoods floors!  The Screen Porch is perfect for entertaining large newly landscaped backyard overlooking the Pool w/diving board which has a separate fence.  Convenient to great schools & shopping in a lovely well cared for neighborhood. Bring our buyers they will not be disappointed



Wednesday, March 28, 2012

5 Eastpine Place (Harbison) For Sale $115,900

Charming Cape Cod with great curb appeal on cul-de-sac. A great open floorplan with wood burning FP in Family Room. The Dining Room has gleaming hardwood floors and eat in bar. The Master suite is on the main floor with a sitting area. A large deck with a privacy fence in the well maintained back yard. Walking distance to the pool, clubhouse and park. Also walking distance to restaurants and shopping. A great home with excellent Lexington/Richland 5 Schools.



517 Village Church Dr (The Village at Hilton) For Sale #299,995

Breathtaking home in The Village at Hilton! Beautiful details throughout. Gorgeous hardwoods in main area. Bright open floor plan. Family Room has gas log fireplace. This home is made for entertaining-Wetbar! Gourmet kitchen offers stainless steel appliances-Tons of counter space-A walk in pantry to die for plus tons of storage space. Grand Master suite on main level w/luxury spa & double vanity-Whirlpool tub and separate shower. Media room is a must see can be made into a 5th bedroom, Screen porch-Deck & firepit overlooking wooded green space. Community pool-Cabana-Stocked Pond. Excellent Schools! This home is unique-A Must See!









Tuesday, March 27, 2012

Need Mortgage Assistance? Facing Foreclosure? Need Help?

Need Mortgage Assistance? Facing Foreclosure? Need Help?

Here are some programs that may help you to save your home.  You may be able to get help from SCMortgage HELP. This program has spent between $8 and $9 million to help struggling South Carolina Homeowners avoid foreclosure.  There is another $295 million available until 2017.  Homeowners with mortgages of $729,000 or less can apply to see if they are eligible for help.  The website is www.SCMortgageHELP.com or call (855) 435-7472.  Here are a few of the the highlights of the program.
  • Up to $20,000 to catch up on Mortgage payments or up to $36,000 if you still haven't found a job.
  • If you are past the possibility of saving you home the program offers up to $5,000 to return to renter status.
Here are some other websites where you may get help.   Most of these programs will take time and patience so you will have to be strong of heart and mind and some faith in GOD will me a must. 

SaveHomeProgram.com
Mortgage Forgiveness Plan
Do you Qualify for Mortgage Relief? Check Status Online or Call Us Now.

HomeReliefProgram.com
Mortgage Foreclosure Help
Get Educated and Empowered. Free Webinar, Sign Up Now.
www.amfamseminar.org

FHA Reverse Mortgage
Compare 4 Reverse Mortgage Quotes. No Obligation. Fast, Free, Easy.
Reverse.TheEasyLoanSite.com

Home Loan Modifications
Loan Modifications - Save your Home Lower your payment - Get help Now!
www.ModAmerica.com

Further if you some help with completing the paper work you can contact me directly through email dlabrecque@cbunited.com.


Thursday, March 22, 2012

How to Appeal to Male Home Buyers



It is evident that women tend to gravitate toward intimate-looking setups, and it seems that male home buyers, as well, require a certain emotional appeal that will prompt them to make an offer on a home.  Lets be honest; most of the time the woman decides or plays an larger role in the purchase of a home.  But even in that sencerio a woman wnats her man to happy and excited about the home they are about to purchase and so I would argue there has to be some give and take.  This is a good list of things you can do to get the husband on the same page as the wife.

Choose appealing colors /texture: Touches of green appeal to both genders; however, to appeal to male home buyers, home stagers will pick something black or brown to draw their attention. A decorative box, a framed picture, leather furniture or accessories, all these things appeal to male home buyers.

• Minimize the feminine touches: Floral, feathery items, flowers, pastels, if a room looks to feminine, it will obviously not appeal to most male homebuyers, so when you are showing your home to male home buyers, you may want to take all the feminine touches down a notch.

Up the gadgets: Rooms that have flat screens, gadgets, and other electronics tend to appeal to male home buyers. So if you want to make that sale, make sure that you accentuate the rooms that contain all these elements. Guys want to envision themselves watching the big game with their friends or enjoying a poker night, so show male home buyers where and how they can make this happen.

Show off open spaces: While women love intimate spaces, men gravitate towards open spaces and high ceilings, as they tend to appreciate a larger amount of personal space. So when selling to make home buyers, try to make it so that your rooms look larger by removing some furniture and placing what is there in a strategic way that does not make male home buyers feel as though they need to walk around the furniture to maneuver around the room.

Improve the garage: Yes, perhaps it is a stereotype of sorts, but there is a good reason why; garages that have painted walls, clean floors and enough storage for various male-oriented hobbies will impress male home buyers. A section with shelf space is consistently viewed as a good thing, as they can hang tools and keep their things organized.

Also keep in mind that space matters:  An empty garage always looks a lot bigger than one with a car parked in it.

• Show minimal care in the yard: When it comes to the yard, male home buyers find appeal in a well-maintained lawn with healthy grass, minimal bushes that require trimming and garden beds that require little maintenance. Ultimately, it needs to look beautiful without requiring tons of work.

Make the home office appealing: A mainstay in most new homes, a home office appeals to men, as they enjoy having a workspace wherein they can keep all their paperwork organized in an efficient manner. And if a male home buyer’s works from home, then this is a doubly important room, so make it look as spacious as possible.

Tuesday, March 20, 2012

What is a Short Sale?


A short sale happens when the lender is shorted on a mortgage, meaning the lender accepts less than the total amount that is due. If your mortgage is $100,000, but your home is worth, say, $90,000, you are $10,000 short, not including costs to close the sale such as real estate commissions, recording fees or title and escrow charges.

Sometimes, to avoid going through the costs of foreclosure, a lender will sanction a short sale by letting a buyer purchase the home for less than the mortgage balance while the home is in pre-foreclosure stage. A pre-foreclosure stage is one of the three stages of foreclosures.

Here are sample steps of a short sale:

• Seller signs a listing agreement with a real estate agent subject to selling as a short sale with third-party approval.

• The agent finds a buyer who makes an offer for less than the amount of the mortgage.

• Seller accepts the buyer's purchase offer.

• Seller's lender accepts the buyer's purchase offer.

• Transaction closes when the buyer delivers the funds, the lender releases the lien and the seller delivers the deed.

In fairy-tale land, everybody lives happily ever after. Except the seller. There are consequences.

Qualifications for a Short Sale

Before you eagerly climb aboard the short sale bandwagon, consider the following to determine whether you may qualify for a short sale. If you cannot answer yes to all four requirements, you may not qualify for a short sale.

• The Home's Market Value Has Dropped.

Hard comparable sales must substantiate that the home is worth less than the unpaid balance due the lender. This unpaid balance may include a prepayment penalty.

• The Mortgage is in or Near Default Status.

It used to be that lenders would not consider a short sale if the payments were current, but that is no longer the case. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems at the pass.

• The Seller Has Fallen on Hard Times.

The seller must submit a letter of hardship that explains why the seller can not pay the difference due upon sale, including why the seller has or will stop making the monthly payments.

A few examples that do NOT constitute a hardship are:

1. Bad purchase decisions. Blowing your paycheck on a home theater system with surround sound does not qualify as a hardship.

2. Unhappy with the neighbors. Even if every home on your block has turned into pot growing houses, that will not qualify as a hardship.

3. Buying another home. The lender will not care if you have decided the home is no longer suitable for you or your family.

4. Pregnancy. Increasing the size of your family or starting a family is not considered a hardship.

5. Moving into an apartment. If you decide to move out of your home, that is a lifestyle decision and not a very good reason to abandon your home.

Examples of hardship are:

6. Unemployment

7. Divorce

8. Medical emergency / sudden illness

9. Bankruptcy

10. Death

• The Seller Has No Assets

The lender will probably want to see a copy of the seller's tax returns and / or a financial statement. If the lender discovers assets, the lender may not grant the short sale because the lender will feel that the seller has the ability to pay the shorted difference. Sellers with assets may still be granted a short sale but could be required to pay back the shortfall.

For example, if the seller has cash in a savings account, owns other real estate, stocks, bonds or even IRA accounts, the lender will most likely determine that the seller has assets. However, the lender might discount the amount the seller is required to pay back.

Many entities profit from short sales, but there is no seller short sale profit.

Short Sale Consequences

A short sale is dependent on a buyer making an offer to purchase. If you do not receive an offer, you will not qualify for a short sale. So even if you meet all the other criteria, it is possible that no one will buy the short sale. It is also dependent on the lender accepting the buyer's offer. If the lender rejects the offer, a short sale will not take place.

• Tax Consequences

If the lender agrees to the short sale, the lender may possess the right to issue you a 1099 for the shorted difference, due to a provision in the IRS code about debt forgiveness. Many situations are exempt from debt forgiveness, according to the Mortgage Forgiveness Debt Relief Act of 2007.

You should speak to a real estate lawyer and a tax accountant to determine the amount of short sale tax consequences, and whether you can afford to pay those taxes, if any.

• Blemished Credit Report

While a short sale will not show up on your credit report, the loan status will. For those in default, it's a pre-foreclosure that has been redeemed, which is often reported as Paid in Full for Less Than Agreed. Short sales affect credit ratings. While the damage to your credit report may not seem as significantly bad as a foreclosure to you, creditors may not make the distinction.

Always seek legal counsel before attempting to pursue a short sale.

Thursday, March 15, 2012

SC State Housing Receives Nearly $2 Million to Support Foreclosure Prevention Counseling Efforts

The South Carolina State Housing Finance and Development Authority (SC State Housing) announced last Friday that it has been awarded $1,968,818 to support the Palmetto State’s foreclosure prevention counseling efforts. This much-needed boost will enable the partnership between SC State Housing and the housing counseling specialists at Family Services, Inc. to continue and improve foreclosure counseling to South Carolina homeowners in danger of foreclosure.

“The need for nonprofit housing counseling has never been greater,” said Valarie M. Williams, Executive Director, SC State Housing. “Communities are challenged by high foreclosure rates and near-record unemployment at a time when state budgets are stretched thin and private resources are growing scarce. This grant will provide critical funding that strengthens our agency’s as well as Family Services’ ability to serve our state during this difficult economic time.”

The grant to support South Carolina’s foreclosure intervention efforts was provided by funds from the National Foreclosure Mitigation Counseling Program (NFMC). The initial funding was provided by Congress in the FY08 Consolidated Appropriations Act. Additional funding was provided through the Housing and Economic Recovery Act of 2008, the Omnibus Appropriations Act of 2009, and the Consolidated Appropriations Act of 2010. NFMC is administered through a competitive application process by NeighborWorks® America, within guidelines defined by Congress. NeighborWorks® America is an independent, Congressionally-chartered nonprofit organization based in Washington, D.C., with a mission to provide access to sustainable homeownership and safe, affordable rental housing.

Recent data estimates that one in every 700 South Carolina housing units received a foreclosure filing in 2009, the 26th highest foreclosure rate in the nation. South Carolina also has double-digit unemployment, among the hardest hit states in the country, recently qualifying it to receive additional federal help of as much as $138 million for a variety of economic incentives to help homeowners in foreclosure.

For more information about the grant and how it will impact SC State Housing’s foreclosure prevention efforts, please contact Family Services, Inc., 888-320-0350, or infor@fsisc.org.

SC State Housing is the state's leading provider of capital for affordable housing and is a self-supporting agency of state government. For more information, visit our website: www.schousing.com.





Tuesday, March 13, 2012

SC Housing Finance and Development Authority First Mortgage Program

Buying your first home is a big step. The South Carolina State Housing Finance and Development Authority (S.C. State Housing) is here to assist you with a mortgage you can afford. This flyer offers some basic information on buying a home using S.C. State Housing programs. For more information, check the home buyer requirements for each homeownership program on our website at www.schousing.com or call S.C. State Housing at (803) 896-9508.


Getting Started

First, contact one of our Participating Lending Partners listed on our website to apply for a S.C. State Housing mortgage loan. They will analyze your monthly income, credit history and other variables to determine a mortgage you can afford. This process will help you target homes within your price range.

Next, locate a home you want to buy within your income and S.C. State Housing price limits. Finding a licensed real estate agent can be a great help in this process.

After the seller accepts your offer, it’s time to get back in touch with your Participating Lending Partner to complete a mortgage application. Keep in touch with your Lending Partner and quickly respond to any requests for information. After you have been approved, a closing date will be scheduled with you, your lender, realtor and the seller.

Help with your down payment and other assistance

As funds are available, S.C. State Housing offers down payment assistance loans to qualified borrowers to help with the out-of-pocket and closing cost expenses associated with buying a home. This is made available in the form of a second mortgage loan. We offer two types of assistance, depending on your income, family composition and county.

Repayable Down Payment Assistance

The repayment begins after three years and is repayable over five years at a low, fixed interest rate. No interest accrues during the first three years.

Forgivable Down Payment Assistance

As long as you live in the home, the assistance is forgiven at the rate of 20% per year over the term of five years. At the end of the fifth year this assistance is fully forgiven. The loan must be repaid if the borrower fails to remain in the home for five years.Your Participating Lending Partner will know the program option that is right for you.

A Mortgage You Can Live With
  • All loans are offered at a fixed interest rate for the life of the loan.
  • Our loans may be used for new and existing single family homes, condominiums, townhouses and off-frame modular homes.
  • S.C. State Housing loans are available to first-time home buyers. This means that you have not owned a home in the last three years in the following counties: Aiken, Anderson, Charleston, Greenwood, Greenville, Lancaster, Lexington, Oconee, Pickens, Richland, Spartanburg, and York.  For all other counties, this requirement is waived.  In these counties, you must not own a home at the time of closing. This waiver may also apply to any specialty programs.
  • All homes financed by S.C. State Housing must be owner-occupied and intended as your principal residence.
  • S.C. State Housing loans cannot be used for refinancing.

Monday, March 5, 2012

Open House Sunday 2-4 103 Sailing Club Lake Carolina For Sale $249,000

Magnificent home w/great curb appeal.An added bonus close to Lake Carolina entrance! The huge kitchen is immaculate, boasts gas range, all SS appliances. Newly installed granite in the kitchen,the island offers storage eat in bar, The family room cathedral ceilings, fireplace. The guest bedroom has private bath.Master bedroom offers total relaxation w/luxury bathroom & large walk in closets w/upgraded storage system.All BR closets are huge. The home is smart wired. Make sure you show the crawl space-huge storage area.Backyard meets natural area,is approved for clear/landscaping- trees up to 6 inches. Walk to lakeshore-bring your buyers today-This home will not last long! Home warranty