Asheville ECO-GREEN Real Estate

head_left_image

Thank you, Two-Timing Buyer!

MAGGIE DOKIC always has a way of getting to the point. The following post where she tells the story of a two-timing encounter proves that. "Thanks for being unfaithful to me.... " she writes. " I'm not angry.  Instead, I'm thrilled.  Why would I be thrilled to find out that you were seeing another REALTOR® behind my back? Because it was the epiphany I needed.....

a realization which will serve me well in the future.  You were the straw that broke the camel's back.  I am no longer working with buyers who don't come to my office for our consultation and sign the buyer brokerage agreement.  No ifs, ands, or buts. 

Via Palmetto Bay | Redland Real Estate | Maggie Dokic (Prudential Florida Realty):

Dear Two-Timing Tina,

sad face when TTT broke my RE heartThanks for being unfaithful to me.  I'm not angry.  Instead, I'm thrilled.  Why would I be thrilled to find out that you were seeing another REALTOR® behind my back? Because it was the epiphany I needed.

You see, I've known for a very long time that I should be working only with buyers who sign an exclusive buyer brokerage agreement.  But I had grown complacent and kept putting it off.  Getting buyers to sign these requires that I make adjustments to my routine.  It requires some effort.  I have to show my prospective buyers the benefits they will gain by working with only me.  In order to accomplish this, they need to come into my office for a complimentary buyer consultation.

I've been so busy that instead of scheduling the free consultation when a new buyer called me, I would just get the property details and schedule a showing.  Deep down I knew this was not the way it should be.  But I kept telling myself I was too busy to do it otherwise.

Then you came along.  Asking to see an $80,000 foreclosed home.  The fact that this is well below what I usually work did not matter.  You had a need and I wanted to fill it.  So I picked up HUD keys, printed detail reports, drove by neighborhoods to check them out for you and reported back to you diligently. 

For one reason or another, we were not able to meet face-to-face for 10 days or so.  But I continued my diligent work for you.  We spoke on the phone, texted back and forth, and stayed in touch .  All seemed well. 

Then yesterday I confirmed our appointment, gathered the documents and set out for our first F2F meeting.  I arrived at the property to see that another REALTOR® was there showing it to his client.  I said hello to them and waited for your arrival.  After 10 minutes I decided to call and make sure you were not lost.  I put two and two together when the other agent's client reached in her pocked for her ringing phone.

She was you! 

You were her! 

You looked over at me and asked, "oh, is that you calling me?"  Was that when it hit you that you had scheduled appointments with two agents at the same house, at the same time?  I've known two-timers before, but this was my first dealing with one with a faulty scheduling system.

I don't think my surprise showed on my face.  And my well chosen words were not rude, although after leaving, I thought about it and chastised myself for not giving you a good talking-to.  You needed to know what you did was wrong.  But that didn't matter to me at the time.

me after TTT's swift kick in the pantsWhat did matter was that your actions pushed me to making a realization which will serve me well in the future.  You were the straw that broke the camel's back.  I am no longer working with buyers who don't come to my office for our consultation and sign the buyer brokerage agreement.  No ifs, ands, or buts. 

Please continue on your merry way and know that our brief encounter fared me well.  And the next buyer who calls me will know all the wonderful things he'll be gaining by working with me exclusively.  Because I will make sure I tell him.

Yours truly,

No longer your agent.

 

Follow Broker Maggie on Twitter

Search Miami Homes Free Miami Home Values Contact Broker Maggie

Maggie Dokic is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines and the Redland.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

Page copy protected against web site content infringement by Copyscape

Doggone Good in Asheville

It's "Doggone Good Food" in Asheville

 

Twylah, likes Green Earth Pet Food http://www.greenearthpetfood.com/ It is raw and made with 100% human-grade ingredients including free range meats and fresh organic vegetables and fruits. We don’t have to travel far to get this delicious stuff not only is it made right here in the Asheville area, but it is available at these locations: Greenlife Grocery - Asheville 70 Merrimon Avenue Asheville, NC 28801 www.greenlifegrocery.com Earth Fare - West Asheville 66 Westgate Parkway Asheville, NC 28806 www.earthfare.com Pet Harmony 803 Fairview Street Asheville, NC 28803 www.animalcompassionnetwork.org

Just Check THIS out!

Conservation Stewardship Program Asheville Acreage For Sale and Beyond

Dateline Asheville, North Carolina, August, 2009
Real Estate News and Views from Green Asheville's "Land Legacy" Eco-Steward

Conservation Stewardship Program Asheville and Beyond . I was so interested to read that  Agriculture Deputy Secretary Kathleen Merrigan  this month (August, 2009) has announced that the U.S. Department of Agriculture will  begin continuous sign-up for NRCS graphicthe new Conservation Stewardship Program


Eligible Applicants:  

Individual landowners
Legal entities
Native American tribes

Congress capped the annual acreage enrollment at 12.769 million acres for each fiscal year nationwide.

This new Program  encourages agricultural and forestry producers to maintain existing conservation activities and possibly even adopt additional ones on their operations. "This program will help the nation's agricultural and forestry producers reach greater levels of conservation performance, which will help protect our land and water," Merrigan said. "The conservation benefits derived from maintaining and enhancing natural resources will improve the quality of soil and water, assist in addressing global climate change, and encourage environmentally responsible energy production."

To apply potential participants can use a self-screening checklist to determine whether the new program is suitable for them or their operation. For information about the CSP, including eligibility requirements, producers can log on to www.nrcs.usda.gov/new_cspor visit their local NRCS field office.

_______________________________________________________________________________________

__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS. Serving Asheville's Stay-in-Your-Home, Relocation LAND Clients..

On the GO 4 Sustainability:  "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

_____________________________________________________________________________________________

Asheville Area Fall & Sustainabilty Workshops

Dateline Asheville, North Carolina, August, 2009Fall in Asheville
Real Estate News and Views
from Green Asheville's
"On the Go 4 Sustainability" Eco-Steward

You can expect more than a color tour when you visit/relocate to Asheville this Fall.

Check out The Ashevillage Institute"colorful" array of Fall offerings. Today they announced the Fall Series of upcoming workshops . The workshops cover various areas of interests, but all pertain to sustainability.

They are:

Bee-Keeping - August 29 & 30 
Natural Building, 5 day - September 9-13 
Natural Building, 3 day - September 24-26
Backyard Sustainability - October 3 & 4
Urban Aquaculture - October 12 & 13
Natural Building, 2 day - October 14 & 15
Rainwater & Greywater Catchment - November 6 & 7
Natural Finishes: Plasters & Paints - November 13 & 14


I know which one I'm going to for sure, How about You?? All workshops are held near downtown Asheville at the Institute. DETAILS and registration at http://www.ashevillage.org/avi/events_projects.php

_____________________________________________________________________________________

__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS.Serving Asheville's Stay-in-Your-Home, Relocation LAND Clients..

On the GO 4 Sustainability:  "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

_____________________________________________________________________________________________

North Carolina: Growing Communities

Dateline Asheville, North Carolina, August, 2009
Real Estate News and Views from Green Asheville's "Stay-in-Your-Home" Eco-Stewardstart a community garden...why garden alone? 

I am excited about today's release of Eat Smart, Move More North Carolina: Growing Communities through Garden. available for download at the referenced link.  How timely!  

It's almost Fall Planting Season, and many of us are thinking about how much fun it would be to have a community garden. 

So this publication is just what we need...an excellent guide, whether you live in Asheville...or even in Your State.

Why garden alone? Start a garden with your neighbors. (photo)

Diane R. Beth, MS, RD, LDN, Nutrition Unit Manager... Nutrition Branch of the NC Division of Public Health, says,

" The guide describes a community garden, its benefits, how to find or start a garden and tips for growing, storing, preparing and enjoying fruits and vegetables.  In addition, it highlights North Carolina and national gardening resources.  Whether a "community" setting (worksite, faith community, school, etc.) is considering starting a community garden or they are thinking about joining a garden near them, the primer outlines the options, steps and resources to ensure success.....  The NC-based garden photographs really show the great work going on in our state and will inspire others to either connect with existing gardens or start their own" 

Resources:

www.EatSmartMoveMoreNC.com
www.NCPanBranch.com
www.FruitsAndVeggiesNC.com

________________________________________________________________________________________ 

__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS. Serving Asheville's Stay-in-Your-Home, Relocation LAND Clients..

- "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

_________________________________________________________________________________________

Speechless Sunday (almost)

Franks and the Heirlooms

 

Look closely. This cat is high on heirloom tomatoes!

10 Green Groups at Active Rain = Effective Connections

Dateline Asheville, North Carolina, August, 2009
Real Estate News and Views from Green Asheville's "Stay-in-Your-Home" Eco-Steward

Effective communication- it is about how well we communicate with each other- about how well we  connect with our audiences. That holds t rue no matter where you find yourself.
 Take for example the ten (10) eco-friendly Groups at Active Rain:

•1.      ECO-All-Stars~ GREEN Resources, Trends & Friends (1062 Members)
•2.      BuiltGREEN (36 Members)
•3.      EcoBrokers  (110 Members)
•4.      Environmentally Responsible Real Estate Professionals (26 Members)
•5.      Going Green! (184 Members)
•6.      Green housing panel (144 Members)
•7.      Green Lending (27 Members)
•8.      Green Marketing (395 Members)
•9.      Healthy Lifestyle - Green Lifestyle (97 Members)
•10.  NAR Green Designation Realtors (4 Members).

Does the time and energy the members of these Groups devote to a post help to determine how well larger ecological issues are considered? I cannot say for sure.

 Certainly, eco-friendly consumer interest and demand is high in today's real estate market, so it seems likely that the 10 Green Groups at Active Rain touch  thousands readers interested in sustainable innovation - a core message the posts convey. And. I enjoy reading posts softly wrapped in the blanket of eco-friendly real estate information.

I believe the 10 Green Group posts do educate readers, and can influence how individuals, groups and cultures see, value, and ultimately act in the world. A shift in views and values towards the natural world may soon be blooming. After all, effective communication succeeds. And the 1,000+ members of the Green groups At Active Rain are making that happen.

___________________________________________________________________________________________

__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE, ECO-FRIENDLY FIDUCIARY COUNSEL The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Asheville, NC. Copyright © 2009 All Rights Reserved

___________________________________________________________________________________________

THE FAP Program - Hope on the Horizon?

Dateline Asheville, North Carolina, August, 2009
Real Estate News and Views from Green Asheville's "Stay-in-Your-Home" Eco-Steward 

THE FAP Program Foreclosure Alternatives Program (FAP) program is , geared to go  into effect about HOPE on the Horizonthe time that  Congress returns from summer break. With standardized forms, we can expect faster responses for distressed homeowners. Are we looking at Hope on the Horizon?

To get a better picture, I checked in with a longtime friend of mine on the subject of hopeful prospects earlier today. 

Researching the Foreclosure Alternatives Program (FAP) ,  I spoke with a systems designer who is involved in the design  and implementation process of the very forms to be used in the FAP Program. He characterizes the effort as one which will streamline loan mitigation/modification procedures and paperwork by standardizing documents, including the Short Sale Agreement and Offer Acceptance Letter. 

You can give credit to the National Association of REALTORS® for championing incentivesand uniform procedures for short sales with the Obama Administration. Under the new Foreclosure Alternatives Program (FAP) hopefully we will see the goal of minimizing complexity more obtainable. We should also see an increase use of the Short Saleoption. Expect property valuation by appraisal or BPO, and a scenario whereby loan servicers independently will establish both property value and minimum acceptable net return, in accordance with investor requirements. 

Hope on the Horizon?

The National Association of REALTORS® Government Affairs Division  says, " For borrowers who are unable to retain their home under the Making Home Affordable Loan Modification Program, the servicer may consider a short sale or, if that is not successful, a deed-in-lieu of foreclosure. Participating servicers must comply with program requirements so long as they do not conflict with contractual agreements with investors." 

Read more HERE  and let me know what YOU think.

__________________________________________________________________________________ 

__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS.Serving Asheville's Stay-in-Your-Home, Relocation LAND Clients..

HOW TO STAY IN YOUR HOME - "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

__________________________________________________________________________________________________

 

What happens when a lender can’t produce the original note?

"...homeowners need to start fighting back when someone is trying to take their home by foreclosure, especially since an overwhelming percentage of mortgages granted over the last 3 to 5 years have been packaged into securities and re-sold and re-assigned numerous times since the inception of the borrower's original note and mortgage. In some states, homeowners have better than a 50/50 chance of being successful in defending themselves against a completed foreclosure...." writes RICK MISITANO, Senior Paralegal
Law Offices of James M. Bosco & Associates

Read what Rick has to say, and then I'd like to know YOUR opinion....

Via Rick Misitano (Law Offices of James M. Bosco & Associates):

A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” and we want you to know this is not a mere technicality that should be treated lightly by the lender or by the Court.

Everyone needs to understand the importance of this issue. When a lender can’t produce the original note, allowing a foreclosure to proceed puts the homeowner at risk of owing that debt again to another party in the future. Therefore, great caution must be taken before a judge can allow someone who can’t produce the original note to cash in on your home.

What if Your Lender CAN’T Produce the Note?

So, what happens when the lender tells the Court it can’t produce the original note, because it is lost? Let’s start with the basics. If a lender wants to foreclose on a property, it has to be able to show that it is, in fact, the appropriate person to whom the money is owed. That right to foreclose belongs ONLY to the person who has legitimate POSSESSION OF THE ORIGINAL NOTE - not a copy, not an electronic entry, but the original note itself with the original signature of the person(s) who allegedly owes the money along with appropriate raised notary seal and signature. So, if you are faced with a foreclosure, you have every right to demand that the person or entity trying to take your property, first prove to the Court that they have the legal right do to so in the first place by proving they have legal possession of the original promissory note.

In my opinion, an original mortgage note is much like legal tender and should be guarded and protected as such by the person holding such an asset. Loosing an original mortgage note is like loosing a $100 bill or a gift card or a lottery ticket. What if I scratched that million dollar ticket and just stuck it somewhere and misplaced it? Do you think I could just show up at lottery headquarters and claim my prize without having the winning ticket? The same principle applies to the person or entity claiming to be the legal holder of an original mortgage note. He who holds the note holds the key.

What the Lender Must Do

What often happens, however, is that the lender claims it doesn’t have the original note, because that note has been lost or destroyed. If the lender is making such a claim, the law requires the lender to prove all of the following under the “Uniform Commercial Code”, which is a set of laws governing commercial transactions that many states have adopted. It contains a specific provision on this subject (Section 3-309) which states that a person can enforce a promissory note without having the original, BUT only under certain limited circumstances.

1. The person or entity has to swear and attest that it no longer has the original note;
2. The person or entity has to prove that it was properly in possession of the note and was entitled to enforce it WHEN it lost possession of the note;
3. The person or entity has to prove it didn’t “lose” possession simply because it transferred the note to someone else (i.e., it’s not really lost); and
4. The person or entity has to prove that it cannot produce the original note because the instrument was destroyed or its whereabouts cannot be determined or it was stolen by someone who had no right to it.

All of these matters have to be definitively proven by the person or entity trying to foreclose on the property. It is not the obligation of the borrower to prove or disprove any of this. The borrower can challenge the right of the person or entity trying to foreclose and demand proof.

The Court’s Important Role

It is up to the Court to determine whether the lender has satisfactorily proven why it no longer can produce the original note. The Court also has to be satisfied that when the original note was lost, the person trying to foreclose on the property had possession of the note at the time it was lost. Until the Court has been satisfied of all of this, the foreclosure cannot proceed.

It is also important for the Court itself to understand that this issue is not merely a “technicality” and the judge should not be satisfied with anything less than full proof of this issue. The Court itself needs to appreciate the fact that if it should agree that an original note has been legitimately lost (and allows the foreclosure to proceed) it is the borrower who is still at risk.

Why? Because incredibly, even if a Court has found that the original note is lost and the foreclosure sale is finalized, if someone later turns up with the original note and proves that it is the proper holder of the note, and not the person who foreclosed on the property, the original borrower is STILL LIABLE.

That’s right. Someone took your home and the Court allowed it because it believed that the lender proved that the note was lost and it was the proper party. Then someone legitimate shows up in the future with the actual note and you still owe that person the money even though your property was taken with the blessing of the Court. Trust me, this is a very serious issue regarding post foreclosures and post pre-foreclosure short-sales. It has happened to three of our own clients! These homeowners had the need to sell their property by means of a negotiated short-sale (so they could avoid a foreclosure) only to find out that the entity claiming to have the legal right and authority to enter into such negotiations and accept such settlements sold their note to another entity and weren’t even aware of it. Several months later, the newly assigned lenders (now claiming to be the rightful owners of our client’s original notes) have since come forward and have also filed suite seeking to recover their entire outstanding principle balances owed to them (prior to the homeowners closing their short-sale transactions with the wrong note holders).

How fair is that?!?! It’s not! And that’s why homeowners need to start fighting back when someone is trying to take their home by foreclosure, especially since an overwhelming percentage of mortgages granted over the last 3 to 5 years have been packaged into securities and re-sold and re-assigned numerous times since the inception of the borrower's original note and mortgage. In some states, homeowners have better than a 50/50 chance of being successful in defending themselves against a completed foreclosure. Why wouldn’t anyone who owns a home do everything in their power to protect and defend it?

All the Best,

Rick D. Misitano, Senior Paralegal
Law Offices of James M. Bosco & Associates
Methuen Executive Park
240 Pleasant Street
Methuen, Massachusetts 01844
Phone: (978) 687-8804
Fax: (978) 687-8872
boscolaw@comcast.net

What Would You Do for $8000?

BRIAN BLOCK shared this video...he's right it is entertaining...and once more...it is something SERIOUSLY to consider...NOW! $8000 tax credit to first-time homebuyers who purchase and close on their homes by November 30th (time is running out -- just over 100 days left).

Via Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance):

As you're probably aware of by now, Uncle Sam is providing an $8000 tax credit to first-time homebuyers who purchase and close on their homes by November 30th (time is running out -- just over 100 days left).

Take a look at this entertaining RE/MAX video:

 

What Would You Do for $8000?  You don't have to do anything crazy... you just need to buy a house.

I can help with that.  Give me a call at 703-626-0715.

Or click here to start your home search in Northern Virginia or D.C.

What will you do with your $8000?

Here's a few suggestions:

  • new furniture for your home
  • replace carpeting with hardwood floors
  • pay off credit card bills
  • enjoy a vacation
  • throw a killer housewarming party
  • save it for your kid's college fund

Nature and Marketing Contest - Looking for a New Place to Live?

JOAN WHITEBOOK hit the nail on the head with this...and I agree...Don't wait for the cows to come home to find a new place to live!

Via Joan Whitebook, ABR,e-Pro,CEBA Southern New Hampshire (Buyer's Option Realty Services):

 

Looking for a New Place?

THERE ARE A LOT OF GOOD REASONS TO BUY NOW

HISTORICALLY LOW INTEREST RATES

MORTGAGE MONEY IS AVAILABLE FOR THOSE WHO QUALIFY

AFFORDABLE HOME PRICES

UP TO $8000 FIRST TIME HOMEBUYER TAX CREDIT (EXPIRES NOV 30TH)

 CALL A BUYER AGENT SPECIALIST TO ASSIST YOU IN FINDING A NEW PLACE TO CALL HOME

____________

  • Call Joan - 800-269-6445 x 2 or email  nhbuyerrep@gmail.com
  • Accredited Buyer Representative and Certified Exclusive Buyer's Agent
  • Request a free list of questions to ask when searching for an agent

Buyer's Option Realty Services - Janet White owner/broker - licensed in NH - Photo (c) 2009 - Joan Whitebook, can be used with written permission.

A Short Sale Contract is STILL a Contract!

BROKER BRYANT has this to say about Short Sale Contacts...a wo4rd to the wise Buyer..."A Short Sale contract is no different than a regular contract with the exception of the 3rd party approval contingency. This contingency is related to the Lender approving the "Short" NOT approving the contract. The lender has no authority to approve the contract since they are not a party to the contract...."

 

Read the rest of his post below.

Via Bryant Tutas-Tutas Towne Realty, Inc:

Florida As Is  real estate contractHi folks. Allison Stewart wrote a very good post this week titled WALK THIS WAY... CAN BUYERS JUST WALK AWAY FROM A CONTRACT?. Allison’s post is talking about Buyers who feel they can just walk away from a Short Sale transaction and get their deposit back because they are just tired of waiting. They feel the contract is not binding.

Here is my opinion on why Buyers feel this way. They are misinformed.

A Short Sale contract is no different than a regular contract with the exception of the 3rd party approval contingency. This contingency is related to the Lender approving the “Short” NOT approving the contract. The lender has no authority to approve the contract since they are not a party to the contract.

They do however have the authority to approve or disapprove the Seller’s request for a “Short” payoff.

A contract is binding and legally enforceable when:

  1. It has a legal purpose
  2. The parties are legally competent
  3. The offer has been made and accepted
  4. There is consideration
  5. The parties have willingly consented to the terms


There may also be contingencies in the contract. Contingencies are: Conditions which must be met if a contract is to be performed.

Some contingencies may be to protect one of the parties:

  1. Survey
  2. Inspections


Some contingencies may need to be removed in order for the purchase to be completed:

  1. Title
  2. Short sale approval
  3. Financing


The Short Sale approval is just one more contingency in the purchase contract. And just like any other contingency it should have a time period to be removed.  

If it can’t be removed in the time allowed then the parties can either extend the time period or cancel the contract and return the escrow deposit.

If it can’t be removed at all because the Short Sale was denied then the contract becomes  “null and void”. The Seller is now unable to perform. This is no different than when the Buyer’s financing is denied. He too is now unable to perform.

Folks....this stuff is NOT complicated. It’s Real Estate 101. Stop trying to complicate matters by treating the Short Sale as anything other than what it is…..a contract contingency.

If your Short Sale listings are not closing. Get training. You’re doing something wrong.

If your Buyers are getting frustrated then you are not setting the right expectations.

These are my thoughts. What are yours?

***I am NOT an Attorney and this is not legal advice. I am however a Licensed Florida Real Estate Broker and this IS my opinion.

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com

http://ShortSaleSuperStars.com

***The content of this blog is solely my opinion***

SHORT SALE AGENT TRAINING

Listen to a sample of the 5 part webinar:

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved

UPSIDE DOWN & Seeking Rememdies to Stay in Your Home?

Dateline Asheville, North Carolina, August, 2009
News and Views from Asheville's Greenolina, Real Estate Eco-Steward
  

With just a little collaboration from our colleagues here at Active Rain, and the help of the real estate muse envision millions of people experiencing a happy turnaround.  ...After all, as  Michel de Montaigne, essayist (1533-1592) said...It is good to rub and polish your mind against that of others. -

"Rub and Polish (R&P) Your Mind...as per the above quotation...Possibly the seven ideas will expand to excellent potential for all concerned. "  More (??) Add Yours!  Let us know YOUR Ideas....and/or a link to a post with YOUR remedy and I'll add it here....

 Here are 10 Stay-in-Your-Home Ideas

 Deb Hurt's Ideas:

"janeAnne, You know me--there is no better place to be than outside the box! I believe that the desire for consumption and conformity is part of what drove us into this corner and getting out of it is going to demand a change in perception and perhaps even a major paradigm shift.

1. Shared housing options might start to be an option for those with large homes- whether it is a form of co-housing or taking in a boarder or using an extra bedroom as a mini B&B.

2. How about looking for someone who wants a vacation or retirement home in the area but has no plans to move soon and would consider a lease back? That would still be selling but at least you would not have to move right away.

3. Give your house to a charity with the stipulation that you have a lifetime occupancy - I'm just thinking here but I know there are ways to do this and people do it all the time- the tax implications and details might or might not be a nightmare but this is a brainstorming session isn't it?"  

4. Joan Whitebook, ABR,e-Pro,CEBA Southern New Hampshire:

I would like to see more people get a tax credit to finish their basements and so long as they are safe, convert them to living spaceto accommodate those who can rent the space and help by paying rent.. thereby increasing the income stream.  JOAN also noted...  "When a condo is involved... there may be other "lienholders"  eg. the association... and all lienholders have an interest in the property which must be addressed. 

5. BETSY HESALTINE   suggested: Contact listing agent and make sure everything was sent in a timely fashion that the bank would want to have... 

6. The Real Estate Muse said: "Here's one idea: Using the Cash for Clunkers model, we the taxpayers provided a "loan" to homeowners (like that given by us to Banks, but much smaller, of course.) This "loan" could  

a) be paid back over a number of years
b)  bring homeowners who had had a history of regular payments current with their mortgages, and
c) incorporate a reduction in interest rate so that an automatic loan modification was in effect.  

7. The Sustainability Real Estate Muse in Asheville, NC. wondered about Reverse Mortgages
for those over 62. 

8. ARLENE BROWN sent this along: " Homeowners who have Genworth's private mortgage insurancemay find it easier to get help for a loan modification or refinancing under the government's Making Home Affordable program. Genworth is reaching out to homeowners who may qualify for the program, offering to help them complete the necessary paperwork and send it to the servicer for approval. And when it comes to Home Affordable refinancing for loans that have private mortgage insurance, the cooperation of the industry is key. Here's the link for further INFO.

9. DIANE AURIThas this suggestion. One option we have on the lake is renting your home out as a vacation rental in the summer when you get the same amount for a monthyly lease year-round for a week.  That is enough to hold my friends through the rest of the year!

10. IF you are a small business owner, you may want to research information on eligibility and qualifications for ARC Loans -the $35,000 SBA ARC Loan Program. Here is a video http://www.businessborrowersalliance.org/SBA_ARC_LOAN_VIDEO.html

11. "...homeowners need to start fighting back when someone is trying to take their home by foreclosure, especially since an overwhelming percentage of mortgages granted over the last 3 to 5 years have been packaged into securities and re-sold and re-assigned numerous times since the inception of the borrower's original note and mortgage. In some states, homeowners have better than a 50/50 chance of being successful in defending themselves against a completed foreclosure...." writes RICK MISITANO, Senior Paralegal Law Offices of James M. Bosco & Associates:  Rick Misitano (Law Offices of James M. Bosco & Associates):

 

12. PATTI  and JOHN MASSARA offers this " Upside Down On Your Loan? Up to 125% LTV Going To Be Possible The HARP program is opening up the guidelines to allow you to refinance your first loan up even if it represents up to 125% of the value of the home.  This change is coming in October of 2009.  ... visit one of the two sites listed below and determine if you have a Fannie Mae or Freddie Mac loan.  ...Borrowers can determine whether Freddie Mac owns their mortgage by completing an online form at http://www.freddiemac.com/mymortgage  and Fannie Mae's loan lookup tool is located at http://loanlookup.fanniemae.com/loanlookup/

 

 Let us know YOUR Ideas....and/or a link to a post with YOUR remedy and I'll add it here....
______________________________________________________________________________ 

_~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS. Serving Asheville's First Time  and Relocation LAND and Home Buyers.

HOW TO AVOID FORECLOSURE - "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

________________________________________________________________________ 

FHA Downpayment Guidelines for NC - You might be Surprised!

 Advice from ELEANOR THORNE who is a person for whom I have high regard....she suggests: 

Here are some other ways you CAN obtain the 3.5% downpayment for FHA loans

  • Save it! if you have enough money in your IRA account, you might be able to borrow against the account (check with your employer) for your home purchase!
  • Gift: You can get a gift of the entire amount from family and friends, you can even use a BRIDAL REGISTRY to show who gave you the individual amounts!
  • Grant from your Employer: there are some pretty specific guidelines about this - but many businesses, and municipalities offer these programs!
  • Sale of an Asset: would you rather have a Bass Boat or a house?  For some guys, it comes down to this!! (If you are thinking of this, please call us for details of how to document it!)

Via Eleanor Thorne, Cary Mortgage Loans (Meridian Residential):

Dreaming of a new home??Are you a First Time Homebuyer, dreaming of the day when you can sit among your boxes, in your new home?

HUNDREDS of first time homebuyers in Cary, Apex, Holly Springs are doing just that, and taking advantage of the now "famous" $8000 Tax Credit made available from President Obama and Company!

These same people are purchasing wonderful $300,000 plus priced homes using FHA Financing!

Lots of people are hoping to use the $8000 Tax Credit as a Down Payment, and in May, FHA announced that they would allow this. The "advances" are being provided (for a fee I'm sure) through State Housing Agencies. 

The North Carolina Housing Finance Agency, however, is NOT advancing the $8000 tax credit to buyers forUse Cash From Your Wedding for a Down Payment their 3.5% downpayment. (If you think about it, this makes sense... as a State, we don't have enough money to send tax refunds out in a timely manner, much less advance $8000 for a downpayment!)

Here are some other ways you CAN obtain the 3.5% downpayment for FHA loans

  • Save it! if you have enough money in your IRA account, you might be able to borrow against the account (check with your employer) for your home purchase!
  • Gift: You can get a gift of the entire amount from family and friends, you can even use a BRIDAL REGISTRY to show who gave you the individual amounts!
  • Grant from your Employer: there are some pretty specific guidelines about this - but many businesses, and municipalities offer these programs!
  • Sale of an Asset: would you rather have a Bass Boat or a house?  For some guys, it comes down to this!! (If you are thinking of this, please call us for details of how to document it!)

As you might know, you do NOT have to be a First Time Homebuyer to use FHA financing... but if you want to take advantage of the $8000 tax credit, you need to be either a First Time Home Buyer, or you must not have owned a home in the last 3 years.

FHA does NOT have a maximum income requirement (like USDA), they do NOT have a geographical footprint (meaning you can only purchase some addresses, they only cap the maximum loan in each county)... Unlike VA loans, FHA does not require that the borrowers are married!!

If you have questions about purchasing a home in Cary, Apex or Holly Springs using a FHA mortgage, please call Steve and Eleanor Thorne, Meridian Residential, 919-459-1313.

Asheville Distressed Short Sale Remedies

Dateline Asheville, North Carolina, August, 2009
Real Estate News and Views from Green Asheville's "Stay-in-Your-Home" Eco-Steward
 

Always on the look out for excellent information, my colleagues at our Firm and I  have attended many on the look out for good short sale adviceclasses and  seminars on short sales-sale of a home  in which the proceeds will be less than the balance owed on the mortgage loan here in Asheville  and beyond.  One of my favorites was presented by two (2) real estate attorneys and a CPA where I learned to ask the "right" questions.(see below)  . Think of the combined experience the seminar leaders possess, and you will know why I say that learning experience is "one of my favorites".... 

Nowadays, it is important to have a handle on the entire short sale process and then to be able to convey it to clients. Certainly this seminar gave me and my colleagues a deeper appreciation of the distressed property market not only here in Asheville, but in the larger view.  It is complicated on both the buy and the sell side. Navigating it with skill means not only research, but hands-on practice. 

Here are some questions that must be asked:
1)  Has a notice of default been filed on the property?
2) Has a "proof of hardship package" been turned in to the lender(s)? 
3) Who is/are the lender(s)?
4) Has the lender assigned someone specifically to the short sale of the home that can be spoken with?
5)   How close to foreclosure is this property? 

_______________________ _______________________________________________________________________
__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS. Serving Asheville's Stay in Your Home and on your LAND Clients. HOW TO AVOID FORECLOSURE - "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

________________________________________________________________________~~~~ ___________

Aniee, DON'T Get Your Gun!!

IF you have an idea that can help deserving people stay in their homes...let us know!!! We are all ears and happy to help people like Aniee whose story you can read below. It is reBlogged from a post by our warm-hearted colleague, LORETTA BUCKNER.

Via Real World Properties, Inc. - Home of ForeclosureBusTampa!:

I met Aniee last year--she called on one of my listings, looking for something she could purchase as a lease-option.  I could tell right away she was a 'can-do' kind of a person, her enthusiasm and sparkle (yes, I said sparkle!) virtually crackles right through the phone when she's happy.

Today she's not so happy--after over a year of painstakingly cleaning up a few minor credit issues, paying some things down or off, applying for CDC down payment assistance and attending the classes, having several offers fall through becasue the houses would not pass FHA or CDC inspections, AND after waiting six months to get an answer on our last offer--a short sale...

after all that...

Now, her mortgage broker says the only way she can get a loan is by coming up with 3.5% down on the house--the requirement for any FHA loan, one which she was told would not be necessary with the down payment assistance she's getting from the City of Largo. 

Aniee is a single mom, she's raising two kids by holding down two jobs while she also cares for her elderly father who was diagnosed with cancer this year--on top of everything else, she runs back and forth to his house to make sure he's eating, taking his meds, doing his laundry, and taking him for chemo treatments.  One of the primary purposes of buying this house is to consolidate the two households so that she can better care for him without impacting her children.

I don't know about you, but to me Aniee is one person who deserves a little help, and deserves to own her own home.  However, she has used all of her resources to pay down debts and no longer has the money available for the down payment she didn;t think she needed.

I'm not sure yet how this will turn out, but if there's anything I can figure out to help her with this, I will.  Anybody else have any ideas?

 

Summoning the Real Estate Muse to Get Right-Side Up & Avoid Foreclosure

Dateline Asheville, North Carolina, August, 2009
News and Views from Asheville's Greenolina, Real Estate Eco-Steward  

It is good to rub and polish your mind against that of others. -Michel de Montaigne, essayist (1533-1592)

Algernon Miller is a New York artist with connections.  Recently, when speaking of his latest project, a Frederick Douglass tribute, under construction in a traffic circle and park bordering a corner of Central Park, he referred to one connection in particular.  "Things just came together," he said in "the quilted subtext* of the Underground Railroad...." This is his connection to the muse of his art form. 

Summoning the REAL ESTATE Muse Asheville's Real Estate Muse Spotted

There just may be a lesson in this for anyone involved in navigating a challenging real estate market. What "quilted subtexts" belong to real estate professionals and our clients? And how shall we decipher the messages?   

Possibly, other markets offer models.  Recently, New York Times columnist Francis X. Clines took a look at a couple of models in other markets 

•1.                 The job market -

Clines writes, "Some job seekers have found their inner Darwin during their hunt for employment..." in Are They Depressed? Nowhere Near. 

•2.                 The "green" market -

Clines gives the example of how one creative person impacted an entire market, "One man's mission to turn the humdrum rooftops of apartment houses in Manhattan green ..."

(The Real Estate Muse in charge of working out loan modifications and short sales is said to have been spotted recently in Asheville, NC.! see photo ) 

 

Then there is the automotive market-  and the Cash for Clunkers model  which has shown itself to be successful. Now ..HOW TO  hurdle the fence of "ordinary thinking" and get on to summoning the real estate muse....  HOW TO  translate those models into the real estate market.

Here's one idea: Using the Cash for Clunkers model, we the taxpayers provided a "loan" to homeowners (like that given by us to Banks, but much smaller, of course.) This "loan" could  

a) be paid back over a number of years
b)  bring homeowners who had had a history of regular payments current with their mortgages, and
c) incorporate a reduction in interest rate so that an automatic loan modification was in effect.   

With just a little collaboration from our colleagues, and the help of the real estate muse I can envision millions of people experiencing a happy turnaround.  ...and as I quoted at the start...It is good to rub and polish your mind against that of others. -Michel de Montaigne, essayist (1533-1592)

"Rub and Polish (R&P) Your Mind..." Give us more ideas....and/or a link to a post with YOUR remedy and I'll add it here.... 

1.R& P Deb Hurt's Ideas:

"janeAnne, You know me--there is no better place to be than outside the box! I believe that the desire for consumption and conformity is part of what drove us into this corner and getting out of it is going to demand a change in perception and perhaps even a major paradigm shift.

Shared housing options might start to be an option for those with large homes- whether it is a form of co-housing or taking in a boarder or using an extra bedroom as a mini B&B. How about looking for someone who wants a vacation or retirement home in the area but has no plans to move soon and would consider a lease back? That would still be selling but at least you would not have to move right away.

Give your house to a charity with the stipulation that you have a lifetime occupancy - I'm just thinking here but I know there are ways to do this and people do it all the time- the tax implications and details might or might not be a nightmare but this is a brainstorming session isn't it?"  

2. R&P Joan Whitebook, ABR,e-Pro,CEBA Southern New Hampshire:

I would like to see more people get a tax credit to finish their basements and so long as they are safe, convert them to living space to accomodate those who can rent the space and help by paying rent.. thereby increasing the income stream.

 ________________________________________________________________________________________________ 

__~o
 -\_<,                                       
(*)/'(*)    ..........      ............to keep on rolling into the sustainable  world you can create today and tomorrow!. .........................    .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short SaleConsults. ECO STEWARDS' LEARNING TOURS. Serving Asheville's First Time  and Relocation LAND and Home Buyers.

HOW TO AVOID FORECLOSURE - "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants!  Copyright © 2009 All Rights Reserved

____________________________________________________________________________________________

*quilted subtext"Strategic quilts, harmlessly hung out to air along the routes toward liberty, offered instructions and maps to knowledgeable slaves on the run. Their innocent symbols - wagon wheel, crossed wrenches, bear's paw, log cabin, child's shoofly - were guides and cautions, just as patterns of knots marked mileage," explains Francis X. Clines  

303 Eliada Home Rd Asheville, NC 28806 Pet Friendly

"We have been hunting for a place where we could have our several four-legged friends with us." the couple told me. "I know just the place!," enthusiastically, I responded.  "Actually, it is WAY more than a 'place'. Your pets will think it's a 'palace'!"

This PET-FRIENDLY home of STONE and  CEDAR construction on 1.48 AC has it all-- - 

PRIVATE (see photo of tree-lined entrance below) yet convenient--it is only 7 minutes from downtown Asheville.

It is spacious and "homey".. with.
BIG, family and pets-sized rooms rooms.  

Living Rm: 17.6 X 23.4 1
MBR: 21 X 17 1
Dining Rm: 14.6 X 10 1
BR 2: 14 X 11 1 
BR 3: 20 X 15   ( photo shows STONE and  CEDAR construction on 1.48 AC)

   

 


SqFt:   3004 of wonderful, sunny, spacious, inviting rooms as per those you see above
Baths: 2 Apx Yr. Built: 1976
Half Baths: 1 Taxes: 1532 
 

AND you really can enjoy plenty of sunny garden areas while your pets have a great time in the  enormous fenced enclosures with views of the gently sloping grounds where your cats will love climbing the trees.

 You can play and garden here.

 Later, relax by the (2) wood-burning fireplaces. 

 

 

 

 

( photo shows excellent sunny spot for homegrown food and flowers)

 

  Asheville pet-friendly home on 1.48 AC


I am excited about this home. With downtown Asheville so close by, it still offers a sense of privacy. Best of all, it is a special "find" for pet lovers. . .

But that's not all!

There also is a  totally remodeled "In-Law Suite" . It boasts a complete kitchen, wonderful fireplace, and private entrance.

Interior Features: Attic Fan , Breakfast Bar , Ceiling Fan(s) ,2  Fireplace(s) , Formal Dining Rm , In-Law Suite , Master on Main , Pull-Down Attic Stairs , Workshop and...Very desirable wood and/or tile floors throughout.

 
Exterior Features:
Pet-Friendly Fencing , Insulated Doors , Insulated Windows 

The double garage has a separate workroom.

( Photo shows the tree-lined entrance to your own private Asheville mini-estate.)

Put this together the context of Asheville, North Carolina's amenities...

  •  Location
  •  Asheville's "green" real estate market 
  •  And Asheville's vibrant community ....  

and you have a win-win -win!

CONTEXT- Location:303 Eliada Home Rd. Asheville, NC  28806 is within 5 to 10 minutes of Asheville, N.C. and the city's healthy impetus for sustainable development,  diverse economic structure bases on tourism, services, and  eco-innovative attitudes. Overall education levels, wages and per capita income levels are on the "plus" side.  Standards of living are, too. 

CONTEXT- Asheville Area Sustainable Real Estate Market: GREEN is "red-hot" here.  Greater Asheville, North Carolina's GREEN  real estate market enjoys clients who are hungry for sustainable neighborhoods, energy-efficient design and green-built homes. THIS IS NOT ONLY IS THE PERFECT SPOT for your eco-friendly renovation, but a compassionate PET-FRIENDLY atmosphere.  

MLS  441931A
303 Eliada Home Rd. Asheville, NC  28806  $299,888
 

_____________________________________________________________________________________________

If you are not committed to another real estate professional,  please give us a call at 828-255-1082 or simply email us. We are short sale specialists who are also ECO Certified ® Real Estate Consultants at The ECO Steward Real Estate Firm  in the Greater Asheville, North Carolina area. We are excited about value-added, ECO-friendly properties, and focus on positive futures.

303 Eliada Home Rd. Asheville, NC  28806. .  Copyright © 2009 All Rights Reserved 

________________________________________________________________________________________________