Houses for Sale in Holly Springs

October 29, 2010
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We get many requests for people looking to find a good location in North Carolina. Fortunately the state has everything most people could ask for, whether it's mountains, coast, urban, or rural. But one spot most people can agree on is Holly Springs, NC. Holly Springs has a community called 12 Oaks. It is located in an area that the NCREC talks about.

Tranquility at Mount Pleasant

October 20, 2010
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A home in Mount Pleasant, South Carolina that has five bedroom was built in 2003 and sits at the mouth of Shem Creek that is positioned for a lovely tranquil views of Ravenel bridge, the Charleston skyline, Sullivan’s Island, and Fort Sumter. The saltwater pool shown above spans the length of the house and faces the water.

The most expensive home sale on record in the area was in Old Village and went for $3.25 million in 2007. The home sits on 1.32 acres and has a deep water-covered dock on Shem Creek. It was built in 2003 but has the look of an older home complete with that beautiful plantation… View more at TidesIV.com for Mount Pleasant homes for sale.

Initial Court Appearance for the Alleged Mortgage Fraud Mastermind

October 20, 2010
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Bayside, New York – Jong Shin was the alleged mastermind of a mortgage fraud and money laundering scheme that involved residential properties in Atlantic City, New Jersey has his initial appearance in connection with a two-count indictment.

The Indictment charges that Shin conspired with others to get hold of more than a million dollars of mortgage loans for unqualified borrowers during June 2006 through December 2006 to purchase seven houses in Atlantic City at inflated prices. The Indictment further alleges that Jong Shin and other members of the conspiracy took out a portion of the proceeds from the fraudulently obtained mortgage funds paid at the real estate closings, which Shin used…

Signs of Strength in Home Prices

October 20, 2010
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Unexpectedly, a strong rebound in California’s real estate market aided to lift a key home price index for the eight month in a row.

That is precisely a good news for those who are planning to sell their homes this spring. The prices are now up for almost 4 percent from the bottom in May 2009; however, it is still almost 30 percent below the May 2006 peak.

The largest monthly gain was in Los Angeles, where the prices increased 1.8 percent from December. Real estate agent say there is a distinct sense that the worst of the downturn is over. According to Tony Middleton, a real estate agent with ZIP Realty…

The Misconceptions on Reversed Mortgage Reality

September 27, 2010
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Most people have preconceived notions about reverse mortgages. There are many misconceptions of reverse mortgage reality.

Here are some facts to ease your fear from reverse mortgage reality:

* A reverse mortgage is a mortgage just like any loan against the home but it has special terms for seniors 62 and older.
* The lender or bank does NOT own the home – YOU OWN THE HOME, you keep the title!
* There are no income or credit score requirements to qualify.
* No monthly payments required.
* There is no limitation on how the funds can be used.
* More options – Funds can be received in monthly payments structured as needed, line of credit (with…

$600M as Housing Aid to Five More U.S. States

September 27, 2010
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The Obama administration revealed that $600 million in financial support for five more states with high unemployment rate that have been thumped by the housing bust.

Ohio got the largest share of funding, at $172 million, followed by North Carolina at $159 million and South Carolina at $138 million. Oregon and Rhode Island are due to receive $88 million and $43 million respectively.

The money will be given to state housing finance agencies. The Treasury Department provided board criteria that should meet the designed mortgage assistance programs.

The assistant Treasury secretary, Herbert Allison, said “The purpose of this is to foster innovation in dealing with what is a highly localized problem around the…

Do-It-Yourself for Your Home to Increase Its Value

September 26, 2010
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Similar to many other homeowners you may be looking for simple do-it-yourself projects to trim up your home or to increase its value.

Curb appeal is another way of saying your home’s “first impression.” It can affect your home’s value and salability. One by far overlooked element can be your driveway, sidewalks and steps. Dirt, oil and grime can darken and stain your concrete, which gives it the appearance of being untidy. This is not a first impression that sits well with buyers. But there is a simple solution for this.

Power washing your concrete can be a great way to renew its look. You can rent a machine at your local…

The Types of Listings

September 1, 2010
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There are several types of listing your real estate property. The commonly used are the “open listing” and the “one-time show”. Find out what these two means.

Open Listing

The “open listing” is mostly used by people who are trying to sell their home by having the will to work with real estate agents. Mainly, it gives the real estate agent the right to bring buyers around to view your home. If their client buys your home, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to every agent who comes around.

One-Time Show

A “one-time show” is similar to an…

Return of Foreign Buyers to the Big Apple Real Estate

September 1, 2010
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Signs are that a number of foreign buyers are migrating back into the New York real estate market, betting a decline in prices may be about to turn.

According to reports, the dollar’s recent rally, rather than putting off foreign buyers, is encouraging them to jump into the market before it rallies further and drives up prices. According to the DE Capital Mortgage specialist, Richard Martin, “People are thinking it might run away from them because there are these predictions the dollar will even go further.” “We are talking a lot about foreign borrowers lately.”

The luxury end may be starting to swirl in Manhattan, the 23-square-mile island that is the heart…