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It's been crazy latley in the real estate business. Not to mention that I work 10 - 14 hours a day 7 days a week. Therefore, to keep my sanity It's time for a road trip! I will be back at work on Monday, October 20, 2008.[Read More]
CNN's Ali Velshi explains to Oprah how we got into this financial mess in straightforward terms. Watch Ali's step-by-step lesson in the mortgage crisis. David C Recker, Associate Broker, Realtor ® licensed in North Carolina. Reach David at: ...[Read More]
As credit and borrowing standards tighten, seller financing is becoming more common. For those selling small business, the ability to offer it is particularly important. "Sellers really have to be prepared to take back more of the financing or to ...[Read More]
Sims, Wilson County - We invite everyone to visit our open house at 7664 New Sandy Hill Church Road on October 18 from 2:00 PM to 5:00 PM . Property information[Read More]
Sims, Wilson County - We invite everyone to visit our open house at 7664 New Sandy Hill Church Road on October 19 from 2:00 PM to 5:00 PM . Property information[Read More]
Sims, Wilson County - We invite everyone to visit our open house at 7664 New Sandy Hill Church Road on October 12 from 2:00 PM to 5:00 PM . Property information[Read More]
Nash County, North Carolina - We invite everyone to visit our open house at 5024 Woodrow Road on October 19 from 2:00 PM to 5:00 PM . Property information[Read More]
Sims, Wilson County - We invite everyone to visit our open house at 7664 New Sandy Hill Church Road on October 11 from 2:00 PM to 5:00 PM . Property information[Read More]
Nash County, North Carolina - We invite everyone to visit our open house at 5024 Woodrow Road on October 12 from 2:00 PM to 5:00 PM . Property information[Read More]
Nash County, North Carolina - We invite everyone to visit our open house at 5024 Woodrow Road on October 18 from 2:00 PM to 5:00 PM . Property information[Read More]
Nash County, North Carolina - We invite everyone to visit our open house at 5024 Woodrow Road on October 11 from 2:00 PM to 5:00 PM . Property information[Read More]
Bank of America on Monday said it is launching a "home retention program" on Dec. 1 to modify troubled mortgages for nearly 400,000 customers of Countrywide Financial Corp. Bank of America acquired Countrywide on July 1. The program, which can ...[Read More]
I continue to get questions from my sellers about the bailout and how it will affect the sale of their home. So, here is a simple explanation based on my understanding. Contained in the bailout is money to purchase mortgage securities. These securities ...[Read More]
Amidst all the chaos surrounding the $700 billion Wall Street bailout plan, the federal government's other housing rescue program quietly opened for business Wednesday. Read More...[Read More]
Credit Market Freeze? The news has been full of gloom and doom since the defeat of the Emergency Economic Stabilization Act of 2008. In listening to the talking heads, they say that there is a freeze on credit, and we are heading into a possible depression. ...[Read More]
The House Committee on Financial Services has released for public review the Emergency Economic Stabilization Act of 2008 (EESA). The following is a summary of this bill: S UMMARY OF THE “E MERGENCY E CONOMIC S TABILIZATION A CT OF 2008” I. ...[Read More]
The U.S. Department of Veterans Affairs, whose loans remain one of the few no-down-payment options in this tight market, have made more than 162,000 home loan guaranties this year, an increase of more than 31 percent over the same period last year. The ...[Read More]
Under pressure from the Bush administration to act swiftly, the plan to revive the U.S. financial system continues to move forward. Treasury Secretary Henry Paulson Jr. and Federal Reserve Chairman Ben Bernanke pitched the bailout plan during testimony ...[Read More]
The NATIONAL ASSOCIATION OF REALTORS® on Monday gave its support to the ongoing bipartisan efforts to finalize a financial bailout plan. The proposed plan would allow the Treasury to buy questionable mortgage loans from U.S. and foreign-owned banks. ...[Read More]
Many times in speaking with potential sellers I get this question. “Should I fix up the house or just sell it As Is”? The answer to this question is found with a little research. The answers to the following questions will help in determining ...[Read More]
The U.S. government Tuesday night seized control of American International Group Inc., one of the world’s largest insurers, by cutting a tough $85 billion deal that will keep the company afloat and steady the country’s financial system. The ...[Read More]
Weighed down by losses in the U.S. mortgage crisis, the stability of major financial institutions continues to be on shaky ground. On Monday, U.S. investment bank Lehman Brothers Holding Inc. filed for bankruptcy and, on the same day, Bank of America announced ...[Read More]
Northgreen, Rocky Mount - We invite everyone to visit our open house at 1701 Shamrock Lane on September 21 from 2:00 PM to 4:00 PM . Property information[Read More]
Mortgage lending fell sharply in 2007 because lenders denied nearly one-third of loan applications, according to a report by the Federal Reserve. Minorities were most affected. The number of mortgage loans made to Hispanic borrowers fell 49 percent and ...[Read More]
Will the government takeover of Fannie Mae and Freddie Mac make a substantial difference in the housing market? "It's enough to turn the starter, but I don't know that it keeps the engine running," says A.W. Pickel, chief executive of ...[Read More]