http://www.sc-mountain-land.com South Carolina Mountain Land for news about buying and selling SC mountain acreage and SC mountain lots. Fri, 05 Sep 2008 10:04:49 +0000 http://backend.userland.com/rss092 en Enlivening Your Home’s Exterior Shutters add dimension and definition to existing architecture. Measure each window for exact dimensions. Size decorative shutters as if they were functional, and make sure the gap between functional shutters and the windowsill is no more than 1/16 of an inch. Cutout designs add a little punch ... http://www.sc-mountain-land.com/2008/09/05/your-home%e2%80%99s-exterior-makes-a-key-first-time-impression/ The [tag]Jacob's Ridge[/tag] community features 5 lots on [tag]W. Kerr Scott Dam & Reservoir[/tag]. All lots are lakefront and have access to public water, saving owners from $5,000 to $10,000 on drilling a well. The entire development also features underground utilities. The lots are clustered around a "dead-end" cul-de-sac on a ... http://www.sc-mountain-land.com/2008/09/02/beautiful-jacobs-ridge-lakefront-lots-2/ The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash. Lawmakers are paying ... http://www.sc-mountain-land.com/2008/08/29/the-explosion-of-reverse-mortgages/ $5,850,000 MLS Number: 50913 City: [tag]Valle Crucis, NC[/tag] Stories: 2 Bedrooms: 4 Baths: 4.5 Area: Boone-[tag]Blowing Rock, NC[/tag] Year Built: 1990 Plus Five fully furnished 1,400 sq. ft. Rental Cottages. Each built in 1996 on approx. 1/2 acre sites. Current cottage average annual rental income $150,000. 39.4 acres with 360 ... http://www.sc-mountain-land.com/2008/08/25/valle-crucis-nc-luxury-estate-qualifies-for-1031-exchange-9/ The housing bill signed by President Bush on July 30 raises the amount seniors can borrow using federally backed reverse mortgages and lowers the cost of getting the cash. But aging experts say you should still be cautious before spending down your home equity. A reverse mortgage is a loan against ... http://www.sc-mountain-land.com/2008/08/22/understanding-how-the-new-housing-law-will-affect-reverse-mortgages/ WEST JEFFERSON NC MOUNTAIN PROPERTY 87.5 +/- Acres Available For Residential Subdivision Mountain Development, 7 miles from West Jefferson, NC Paved Road and Bridge Built To State Specifications. Average of $23,000 per acre. This Property Should Retail For Approximately $50,000 to $60,000 per acre. ALL PROPERTY HAS LONG RANGE MOUNTAIN VIEWS Contact Greg Stikeleather, Broker, ... http://www.sc-mountain-land.com/2008/08/18/875-acre-mountain-subdivision-west-jefferson-nc-6/ Prime mortgages are starting to default at disturbingly high rates - a development that threatens to slow any potential housing recovery. The delinquency rate for prime mortgages worth less than $417,000 was 2.44% in May, compared with 1.38% a year earlier, according to LoanPerformance, a unit of First American (FAF, Fortune ... http://www.sc-mountain-land.com/2008/08/17/mortgage-defaults-hit-top-income-earners-too/ Vacation property, an investment for retirement or a permanent residence, this [tag]Lake James waterfront home[/tag] may be your dream property. The beautiful water front home is located in a private community with spectacular views of the [tag]Blue Ridge Mountains[/tag]. It has a double deck boat dock, an enclosed boat garage and ... http://www.sc-mountain-land.com/2008/08/11/lake-james-burke-county-nc-waterfront-home-5/ City officials and community activists can't wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods suffering from record foreclosures. Opponents of the measure say the paltry sum won't do much good considering the number of vacant homes on the market - ... http://www.sc-mountain-land.com/2008/08/08/pondering-the-4-billion-fix/ Laurel Springs is in the high country of beautiful Alleghany County, near the Eastern Continental Divide and between the towns of Jefferson and Sparta on Highway 18 near the Blue Ridge Parkway, At over 3,000 feet elevation, this community is famous for it's abundance of North Carolina Christmas Tree farms. Laurel ... http://www.sc-mountain-land.com/2008/08/04/blue-ridge-parkway-home-laurel-springs-nc-2/ A reverse mortgage can offer an unbeatable proposition for the right person: the cash-poor but house-rich senior. The loan allows homeowners over 62 years old to tap equity without selling the home, giving up title, or taking on new monthly payments. Instead of paying off a loan every month (as ... http://www.sc-mountain-land.com/2008/08/01/a-review-of-reverse-mortgages/ The [tag]Jacob's Ridge[/tag] community features 5 lots on [tag]W. Kerr Scott Dam & Reservoir[/tag]. All lots are lakefront and have access to public water, saving owners from $5,000 to $10,000 on drilling a well. The entire development also features underground utilities. The lots are clustered around a "dead-end" cul-de-sac on a ... http://www.sc-mountain-land.com/2008/07/28/beautiful-jacobs-ridge-lakefront-lots/ We usually define a "conventional" mortgage as financing with 20 percent down. Since most people don't happen to have 20 down much less 20 percent plus closing costs, there has always been a market for mortgages that somehow require fewer dollars up front. The way you get loans with less ... http://www.sc-mountain-land.com/2008/07/25/piggyback-loans-unavailable-to-many-borrowers/ $5,850,000 MLS Number: 50913 City: [tag]Valle Crucis, NC[/tag] Stories: 2 Bedrooms: 4 Baths: 4.5 Area: Boone-[tag]Blowing Rock, NC[/tag] Year Built: 1990 Plus Five fully furnished 1,400 sq. ft. Rental Cottages. Each built in 1996 on approx. 1/2 acre sites. Current cottage average annual rental income $150,000. 39.4 acres with 360 ... http://www.sc-mountain-land.com/2008/07/21/valle-crucis-nc-luxury-estate-qualifies-for-1031-exchange-8/ Mortgage giant Freddie Mac -- emboldened by emergency regulatory actions that have triggered a two-day rebound in its battered stock -- is considering raising capital by selling as much as $10 billion in new shares to investors, according to people familiar with the matter. The high-stakes maneuver would have the potential ... http://www.sc-mountain-land.com/2008/07/18/government-rescue-of-freddie-mac-may-include-major-stock-sale/