Archive for North Carolina

Facing Foreclosure?

The following is information from The North Carolina Housing Finance Agency and the State of North Carolina Commissioner of Banks

Facing Foreclosure? North Carolina has FREE resources to help you.

The NC Housing Finance Agency administers the Home Protection Program that may be able to provide a bridge loan if you have lost your job due to changes in the economy. Participating counseling agencies will help determine if you are eligible for assistance, help you apply, and may be able to secure a stay-of-foreclosure while your application is being reviewed.

The Agency also supports local counseling agencies that can help whatever the reason for foreclosure. They can work with your mortgage company at no cost on a possible repayment plan or loan modification.

The Office of the Commissioner of Banks reviews sub-prime loans that closed in 2005, 2006 and 2007. They connect homeowners facing foreclosure with local counselors that may be able to help you renegotiate the terms of your loan or get legal assistance.

Don’t delay – take the first step today.  Contact one of the participating counseling organizations listed (below). Find details at http://www.ncforeclosurehelp.org  Contact the Office of the Commissioner of Banks consumer hotline at 888-384-3811

You don’t have to lose your home. A certified counseling agency can help you save your most important asset and get your finances back on track.

If you’re having trouble paying your mortgage:

Talk with your mortgage company. When homes go into foreclosure, mortgage companies lose money. They can sometimes offer ways to help you.      Contact a counseling agency. A counselor can explain the law and your options, and help you review your budget. A list of counseling organizations that can assist you at no cost is shown (below).     Open all mail from your mortgage company.  The notices may offer good information to help you avoid foreclosure, or may notify you of pending legal action.   Avoid companies that offer help for a fee. You don’t need to pay for help.     Beware of scams. If someone claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may be signing over the title to your property.    Contact the Office of the Commissioner of Banks if you believe you have been the victim of predatory lending.

NORTH CAROLINA COUNSELING AGENCIES  The following counseling agencies provide assistance at no cost to North Carolina homeowners who are facing foreclosure.

Eastern Region

Blue Spring-Hoke County Community Development Corp.    910-904-0312    Serves Hoke, Robeson, & Scotland Counties.

Choanoke Area Development Association    252-539-4155    Serves Bertie, Halifax, Hertford, Hyde, Northampton, Tyrell, & Washington Counties.

Cumberland Community Action Programs, Inc.,   and  Consumer Credit Counseling Services of Fayatteville    910-323-3192    Serves Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Greene, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery, Moore, New Hanover, Onslow, Pamlico, Pender, Pitt, Richmond, Robeson, Rockingham, Sampson, Scotland, Wayne & Wilson Counties. 

Kingdom Community Development Corporation    910-484-2722    Serves Bladen, Cumberland, Harnett, Hoke, Lee, Robeson & Sampson Counties.

Northeastern Community Development Corporation    252-338-5466    Serves Camden, Chowan, Currituck, Dare, Gates, Pasquotank & Perquimans Counties

River City Community Development Corporation    252-331-2925    Serves Camden, Chowan, Gates, Pasquotank & Perquimans Counties. 

Rocky Mount-Edgecombe Community Development Corporation    252-442-5178    Serves Edgecombe & Nash Counties

Twin Rivers Opportunities, Inc.    252-637-3599    Serves Carteret, Craven, Jones & Pamlico Counties.

Wilmington AME Zion Housing Development Corporation    910-815-3826    Serves Brunswick, Columbus, New Hanover & Pender Counties.

Wilson Community Improvement Association    252-243-4855    Serves Wilson County.

 

 

Central Region

Alliance Credit Counseling, Inc.     704-943-0391       Serves Anson, Cabarrus, Gaston, Mecklenburg & Union Counties.

Consumer Credit Counseling Services of Durham   919-688-3381     Serves Durham County.

Consumer Credit Counseling Services of Forsyth County     336-896-1191    Serves Alleghany, Ashe, Davie, Forsyth, Iredell, Stokes, Surry, & Yadkin Counties.

Consumer Credit Counseling Services of Gaston County    704-864-7704    Serves Cleveland, Gaston & Lincoln Counties.

Consumer Credit Counseling Services of Greater Greensboro    336-373-8882   Serves Alamance, Caswell, Davidson, Guilford, Randolph, Rockingham, & Rowan Counties.

Davidson Community Action, Inc.    336-249-0234    Serves Ashe, Davidson, Forsyth, Rowan, & Yadkin Counties.

Durham Affordable Housing Coalition    919-683-1185    Serves Durham County.

Durham Regional Community Development Group    919-688-3381    Serves Durham, Granville, & Orange Counties

Franklin-Vance-Warren Opportunity Inc    252-492-0161    Serves Franklin, Granville, Person, Vance & Warren Counties.

Housing Authority of the City of High Point    336-878-2300    Serves Guilford County

Monroe/Union County CDC    704-283-8804    Serves Union County

Prosperity Unlimited    704-933-7405    Serves Cabarrus, Iredell, Mecklenburg, Rowan & Stanly Counties.

Salisbury Community Development Corporation    704-638-2154    Serves Davidson, Iredell & Rowan Counties.

Sandhills Community Action Program, Inc.    910-947-5675    Serves Anson, Montgomery, Moore, Richmond & Scotland Counties.

Triangle Family Services    919-821-0790 / 800-283-6904    Serves Chatham, Durham, Johnston, Orange, & Wake Counties.

United Family Services    704-332-9034    Serves Cabarrus, Mecklenburg and Union Counties

Western Region

Cleveland County Community Development Center    704-480-7701    Serves Cleveland County.

Consumer Credit Counseling Services of the Carolina Foothills    828-286-7062    Serves Polk and Rutherford Counties.

Northwestern Regional Housing Authority    828-264-6683    Serves Alleghany, Ashe, Avery, Mitchell, Watauga, Wilkes, & Yancey Counties.

Olive Hill Community-Economic Development Corporation    828-439-8893    Serves Burke, Caldwell, Catawba, and McDowell Counties.

On Track Financial Education & Counseling Services    828-255-5166 / 800-737-5485    Serves Ashe, Avery, Buncombe, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Madison, McDowell, Mitchell, Polk, Swain, Transylvania, Watauga & Yancey Counties.

Western Piedmont Council of Governments    828-322-9191    Serves Alexander, Burke, Caldwell & Catawba Counties.

Click link below for more foreclosure help…

http://dawnjudge.wordpress.com/2008/10/19/foreclosure-fe…of-foreclosureforeclosure-fears-things-you-should-know-before-getting-a-mortgage-loan-and-if-you-are-in-fear-of-foreclosure/

 Dawn Judge is a North Carolina Real Estate Broker with Century21 Hecht Realty in Mooresville, NC. 704-929-2261  djudge@c21hecht.com

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Lake Norman Real Estate Market

The following are excerpts from an article in Lake Norman Currents Magazine (December 2008 issue), written by Carol-Faye Ashcraft…

Pulse of the Real Estate Market

Buyers have advantage now, but turnaround seen for sellers.

Here’s the reality of the real estate market in the Lake Norman area: Shoppers, you couldn’t find a better buyer’s market. Now is the time to commit. Sellers, hang in there. It’s predicted to improve after the first of the year.

The Lake Effect

Abigail Jennings, president of Lake Norman Realty, says, “The state of the Lake Norman real estate market is remarkably strong, considering the current economic climate. Although sales are down here, as they are nationwide, fortunately we have not experienced the actual statistical depreciation seen in so many other markets.”

Ideal for Buyers

Bob Hecht of century21 Hecht Realty says that, for now, buyers control the market. “I’ve been in the real estate business in the area for 37 years and have never seen a better buyer’s market.” He adds, “Interest rates are low, prices are not inflated and are dropping with many sellers, there is a large inventory to choose from, and banks will give you a loan if you have some funds and good credit.”

The brokers note that this also is a great time to buy investment property.

Strategies for Sellers

Julie Jones of the Julie Jones Team, points out, “As you can see, the hit you may take on selling your home should be a wash with the great deal you get on your purchase.”

And when interest rates inch up, shoppers may be more inclined to buy. “That usually gets our buyers off the fence,” Jones says.

Looking to the Future

Referring to the market, Hecht says, “…honestly feel like we will see some movement by next spring.”

Sellers must be aggressive if they are to be competitive.    

“Your house must be ready for showings at all times,” Hecht adds. “…your buyer may be driving by with his/her agent and your house just jumps out. Be ready.”       

 - Carol-Faye Ashcraft, Lake Norman Currents Magazine

 

If you would like to receive a complementary copy of Lake Norman Currents Magazine, contact Dawn Judge at the Century21 Hecht Realty office in Mooresville.

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Live in RACE CITY, USA

129 Zolder Lane Mooresville, NCWould you like to live in RACE CITY, USA just minutes from NASCAR TECH? Now you can! Introducing 129 Zolder Lane, MOORESVILLE, NC. This is a beautiful 2 story in the Greene Croft neighborhood. It has 3 bedrooms and 2 and a half baths. With over 2000 square feet of heated living space, this home boasts a great room with a gas log fireplace and TV niche, A loft, A luxuriously large master bedroom suite, (master bath has a garden tub, separate shower, and dual sinks.) It has a rocking chair porch with stacked stone accent wall, a large deck overlooking a wooded area, A 2 car garage plus 2 additional parking spaces on the concrete drive. Come see your new home! MLS# 774541               

Email djudge@c21hecht.com   or call 704-929-2261 with all your real estate questions. Dawn Judge

UPDATE    UPDATE    UPDATE    UPDATE    UPDATE    UPDATE    UPDATE    UPDATE    UPDATE    UPDATE    

This home received an offer which resulted in a sale after 2 months on the market with Century21 Hecht Realty.

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