Thanks to all who stopped by 3234 Planters Lane in Jacksonville, NC today for a fantastic lunch catered by Lisa Davila. Dyal Photography was there to snap pics of local Realtors with Santa. The American Cancer Society and it’s major annual fundrasier, Relay for Life (http://www.relayforlife.org/), is a cause near and dear to our hearts. Jacksonville Board of Realtors man of the hour, Mike FX Burke was gracious enough to reprise his role for us as jolly St. Nick. Great food, great pictures, and a LARGE home full of great company (six bedrooms, four and a half baths, three car garage, elevator, fireplaces galore, sweeping staircase and more! http://vu.realbiz360.com/Listing-241196.html)! Thank you everyone who made this an amazing event!
Fantastic food: Lisa Davila 910.467.4360 lisa@Bdazle.com (and great promo products @ http://bdazle.com/)
Fantastic photographers: http://2chicksandacamera.com/ Dyal Photography
Looking for something fun to do this evening? National Night out will be in full swing from 5-9:30 this evening at the Riverwalk Park. Fireworks, live music, food, 200+ vendors, Miss North Carolina, face painting, a bike give away (must be present to win) and more. We’re sponsors, so, please stop by and enjoy an evening on us!
I’d write more about this fun event as well as would love to give you regular bloggity blog blog visitors something interesting to read since I have been neglecting this forum as of late. . .however, even with the sassy reading glasses, I have an eyelid twitch and the fumes from highlighters (alright, they are fume free but work with me here) have my head swimming. . . so, more later, I promise! Plotting fantastical new adventures and projects to tackle in the next few months, and good stories always seem to happen when you kick off a new chapter in life. 🙂 TTFN.
When your boss mid conversation hauls out a crumpled and dusty hard copy of your head shot says “How old is this?!” and starts to chuckle, it may be time to get a new one. I was hoping to get a little more beige and a little less translucent between now and then however it’s not in the cards. Arts and crafts time this weekend!
Another banner year for the Art Furtney Team. Number one in Onslow County and serving in the most experienced office in the county. Have real estate questions? We have answers.
See below! Big news! There will now be a tax cut for first time home buyers of up to $7500. This is huge for our area!
Look at it this way:
Loan Amount: $125,000
Term: 30 years
Interest paid in the first year: Approximately $8100.00
Essentially, with the tax cut, the buyer could have an interest free loan for the first year. In addition, they are able to deduct mortgage interest, not with RENT! Sounds like a no-brainer to meJ As always, you should refer the buyer to their tax advisor for details.
Once again, our community is reaping the benefits of the crunch felt around the country. We are so fortunate to have the military to not only sustain our economy, but to allow it to flourish. Thank them by making them aware of this invaluable information. With a VA Home Loan, the veteran can actually come to closing with zero out of pocket, pay a lower rate than much of the population, and now get an additional tax break!!!
Get out there and sellJ J J
As always, thank you so much for your support. I will provide more details on the new legislation as I receive it.
Bush Signs Rescue Plan for Homeowners, Fannie Mae, Freddie Mac 2008-07-30 11:20:33.810 (New York)
By Roger Runningen
July 30 (Bloomberg) — President George W. Bush signed into law legislation that helps 400,000 homeowners facing foreclosure and extends a lifeline to Fannie Mae and Freddie Mac.
Bush signed the measure at the White House about 7 a.m.
today, spokesman Tony Fratto said.
“We look forward to putting in place new authorities to improve confidence and stability in markets, and to provide better oversight for Fannie Mae and Freddie Mac,” Fratto said.
The law is aimed at stemming foreclosures and halting a free-fall in housing prices by providing federal insurance for refinanced 30-year mortgages for homeowners struggling to make their monthly payments.
The measure also is designed to restore confidence in Fannie Mae and Freddie Mac by tightening regulations and authorizing the Treasury secretary to inject capital into the two biggest U.S.
providers of mortgage money.
The measure passed the Senate July 26 and the House three days earlier.
The recession in the housing market, the worst since the Depression, along with higher fuel prices and a shrinking job market, is weighing on consumers and the economy.
The White House Office of Management and Budget this week cut its February forecast for economic growth this year to 1.6 percent from 2.7 percent. The OMB said it expected the economy to expand 2.2 percent next year, compared with its earlier forecast of 3 percent growth.
The foreclosure-prevention measure, unveiled in March, was bolstered after Treasury Secretary Henry Paulson sought and received temporary authority, through Dec. 31, 2009, to lend money or buy the stock of Washington-based Fannie Mae and McLean, Virginia-based Freddie Mac. The goal is to avert a collapse of the companies that buy or finance almost half of the $12 trillion of U.S. mortgages.
The treasury chief, who was the lead lobbyist for the White House, persuaded Bush to back off a threatened veto over a section of the legislation that provides $3.9 billion in grants to states to buy and repair foreclosed properties. Bush said he regarded it as a bailout of lenders.
The law also creates a tough regulator for Fannie Mae and Freddie Mac, the two government-sponsored enterprises.
Under the law, the Federal Housing Administration can now insure higher loan limits, up to $625,500 from $417,000 in high- cost areas. The law also raises the nation’s debt limit to $10.6 trillion from $9.816 trillion to accommodate the Paulson plan.
A new FHA program, a unit of the U.S. Department of Housing and Urban Development, would insure up to $300 billion in refinanced 30-year fixed loans for about 400,000 borrowers struggling with their monthly payments after loan holders agree to cut their mortgage balance.
The measure would offer $15 billion in tax breaks, including provisions offering the equivalent of interest-free loans worth up to $7,500 for first-time homebuyers. States would be able to offer an additional $11 billion in mortgage revenue bonds to refinance subprime loans.
Jennifer Furtney Ellenor