South Carolina Mountain Land

Lake Living At Its Best With This Malone Bay Lakefront Lot

Editor — Mon, 08 Mar 2010 11:35:14 +0000

The Malone Bay community features 18 lots at W. Kerr Scott Dam & Reservoir. Fourteen (14) are Lakefront and meet private dock requirements. All lots have access to public water, saving owners from $5,000 to $10,000 on drilling a well. These lots have public water and will save you the cost of drilling a well. The entire development also features underground utilities.

This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

W. Kerr Scott Lake is 1500 acres with 50 miles of shoreline and is controlled by the US Army Corps of Engineers. It is clean water with good fishing and is excellent for boating, kayaking, skiing, and swimming. The property is surrounded by National Parks. Wilkesboro is a beautiful community and town with friendly people. It is located just 40 miles east of Boone and Blowing Rock, NC and one and a half hours northwest of Charlotte.

Lot #10

MLS Number: 54632
List Price: $450,000
Lot Size: 2.8 acres
WATERFRONT, PRIVATE DOCK PERMIT, GATED COMMUNITY, PUBLIC WATER, UNDERGROUND UTILITIES
Wilkes MLS Area 2
Suitable Use: Residential, Single Family
Topography: Rolling, Lake/Pond, Exceptional View
Utilities: Underground Utilities
Water/Sewer: Public Water, None-Sewer
Road Frontage: Private Road, Paved Road, Road Maintenance Agreement
Miscellaneous: 1-5 Acres, Hardwoods
Location: Malone Way

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Lower Rates Help Make Home Buying More Affordable

Editor — Fri, 05 Mar 2010 11:47:25 +0000

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 5.15 percent.

The 15-year FRM this week averaged 4.33 percent with an average 0.7 point, down from last week when it averaged 4.40 percent. A year ago at this time, the 15-year FRM averaged 4.72 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.11 percent this week, with an average 0.6 point, down from last week when it averaged 4.16 percent. A year ago, the 5-year ARM averaged 5.08 percent.

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This Valle Crucis Luxury Estate Would Be Perfect For Your Summer Vacaction Home

Editor — Mon, 01 Mar 2010 12:28:25 +0000

High in the lush Blue Ridge mountains of North Carolina at 3600 foot elevation on 40 acres of rolling hills sits this expansive, bucolic family complex with 360 degrees of spectacular panoramic views.

This estate includes a luxurious 5,200 square foot family mansion with every amenity and five (5) individual 1400 square foot, two bedroom, two bath extended family cottages.

Unique to this property is a four acre barnyard complex with a 950 square foot barn equipped with electricity and running water, tack room, loft, baby animal paddock, and three fenced and gated pastures. You will also find a 40,000 gallon koi pond fed by an onsite spring and stocked with 200 koi fish. For the young folks, there is a children’s playground, complete with climbing wall, swings, slides, a basketball court, and a 25 foot play fort.

Valle Crucis is in Watauga County, west of Boone and only a few hours from the jamming traffic of bigger cities. Day and weekend getaways are possible, but most eventually return for a much longer stay.

At over 3,000 feet elevation, Valle Crucis is famous for it’s abundance of North Carolina Christmas Tree farms. Valle Crucis is a vacation and retirement paradise with hiking, canoeing, fishing, swimming, mountain biking, horseback riding, skiing, golf and much more.

With both the Blue Ridge Parkway and numerous ski slopes nearby, visitors to Valle Crucis come to experience cool summer breezes, spectacular mountain scenery and outdoor recreation.

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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Properly Filed The Home Buyer Tax Credit Can Help You Sell

Editor — Fri, 26 Feb 2010 11:57:43 +0000

Homeowners filing for the home buyer tax credit are not allowed to use electronic filing and must file hard copies due to special documentation requirements. Earlier this year, the Internal Revenue Service (IRS) deployed new home buyer tax credit forms and instructions requiring forms that will force taxpayers to file on paper, rather than electronically.

The new home buyer tax credit filing rules are to ward off a repeat of 90,000 taxpayers who fraudulently claimed the credit, according to the U.S. Treasury. Under the new and expanded home buyer tax credit rule , the credit is worth up to $8,000 for first-time home buyers and up to $6,500 for qualifying existing home buyers, in both cases, who buy a primary residence or have one built.

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Summer Is Coming, Enjoy Waterfront Living On Kerr Scott Lake

Editor — Mon, 22 Feb 2010 11:33:54 +0000

This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

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This New River Lot Is A Short Drive From All Points South

Editor — Mon, 15 Feb 2010 11:28:57 +0000

Waterfront on New River

Heritage Estates Lot 46. 1.3 acres. 100 feet on the river. Anchored gazebo stays. Septic permit. Shared well. Graded and ready to build on. Paved road.

MLS Number: 54345
List Price: $110,000

Very nice lot on New River. Good neighborhood, paved road to lot. Over 100′ on river, has a new gazebo anchored on lot that stays. Septic permit has been pulled as per seller. Grading has been done and shared well on lot. Ready to build on.

Ashe County
Lot Size, Apx Acreage: 1.37
Type: Waterfront
Suitable Use: Residential
Topography: Level, Stream/Creek
Utilities: Total Electric
Water/Sewer: Community Water, Septic Tank
Road Frontage: Private Road, Paved Road
Miscellaneous: 1-5 Acres

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Wonderful Opportunity, Malone Bay Lakefront Lot

Editor — Mon, 08 Feb 2010 16:53:43 +0000

This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

Lot #10

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Escape The Summer Heat When You Own This Valle Crucis Luxury Estate

Editor — Mon, 01 Feb 2010 12:52:05 +0000

This estate includes a luxurious 5,200 square foot family mansion with every amenity and five (5) individual 1400 square foot, two bedroom, two bath extended family cottages.

With both the Blue Ridge Parkway and numerous ski slopes nearby, visitors to Valle Crucis come to experience cool summer breezes, spectacular mountain scenery and outdoor recreation.

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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Foreclosure Rescue, Again

Editor — Fri, 29 Jan 2010 11:46:53 +0000

Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification.

The new policy will make it harder for troubled homeowners to start the process, but it should make it easier for them to qualify for permanent assistance under President’s Obama foreclosure prevention plan.

The administration’s $75 billion housing effort has been plagued by paperwork problems since it launched last April.

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Feds Increase Standards For FHA Backed Loans

Editor — Sat, 23 Jan 2010 12:20:14 +0000

It’s going to be harder to get a government-backed mortgage from now on. Looking to shore up its weakening finances, the Federal Housing Administration is set to announce stricter standards on Wednesday.

The agency, which insured nearly a third of new mortgages in 2009, will increase the premium it charges for its mortgage insurance and require those with weaker credit scores to come up with larger downpayments. The FHA will also reduce the amount of money a seller can provide a homebuyer for closing costs, as well as tighten its enforcement of lenders.

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Investing Opportunities In Florida Condos To Get Help

Editor — Fri, 15 Jan 2010 12:14:30 +0000

Investors and condo sellers in Florida could be major beneficiaries of a new policy by Fannie Mae that’s designed to provide more mortgage money to stimulate sales. Last week Fannie announced an easing of its tough previous rules on spot loans in dozens of condo projects throughout Florida, including 51 buildings in the hard-hit Miami area with more than 17,000 units.

Fannie Mae said it would now provide “special approvals” for loans on units in condo projects that otherwise wouldn’t qualify for financing because of a variety of issues — from excessive unpaid condo association fees to high concentrations of investor units. The company also said it is dispatching a team of analysts who will look at condo projects throughout the state to determine whether to grant exceptions to its rules – and pump up sales volume.

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Ashe County NC Building Lot On The New River

Editor — Mon, 11 Jan 2010 11:33:23 +0000

Waterfront on New River

Heritage Estates Lot 46. 1.3 acres. 100 feet on the river. Anchored gazebo stays. Septic permit. Shared well. Graded and ready to build on. Paved road.

MLS Number: 54345
List Price: $110,000

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The Threat Of Commercial Foreclosures

Editor — Fri, 08 Jan 2010 11:34:19 +0000

Although the public has most certainly been made aware of the massive amounts of residential properties being foreclosed upon, most are not aware of the amount of commercial properties that are either delinquent or soon to be so. Towards the end of the residential real estate boom, the commercial real estate market also saw a boom itself. Fueled by easy credit and new investors entering the market the commercial real estate market exploded.

Thousands of these properties were purchased at the height of the market and were highly leveraged. These properties may have performed well enough to cover debt service and operating costs when occupancy rates were at historic highs, but now that businesses are tightening their belts, unemployment is rising, consumers are not spending money on goods and services or traveling the pressure is mounting on commercial property owners. This scenario has left these commercial owners in an extremely precarious situation. If the poor economy doesn t push these owners to a breaking point, the lender that holds the mortgage on the property will.

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Malone Bay Lakefront Lot Near Schools And Shopping

Editor — Mon, 04 Jan 2010 13:19:20 +0000

This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

Lot #10

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These New Mortgage Forms May Help You

Editor — Fri, 01 Jan 2010 13:07:51 +0000

Starting Jan. 1, new rules go into effect that simplify and clarify exactly what mortgage lenders will charge for a loan.

The initiative from the Department of Housing and Urban Development (HUD)requires that a new “Good Faith Estimate” form be given to all applicants, one that makes it easier to compare true costs of loans from different lenders.

“The main purpose is to give consumers the tools to be able to compare apples to apples,” said Robert Grosser of Luxury Mortgage, a New Jersey-based direct lender. “All lenders must use a specific form and disclose fees in the same spots on the same forms.”

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