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Unemployed NC Homeowners

by Randy Dockery

Information taken from Claudie Burchfield

Breaking News -Starting December 1st, financial help is available for North Carolina homeowners who are struggling to pay their mortgages because they’ve lost their jobs or experienced other temporary hardships.

The N.C. Housing Finance Agency announced today that its new N.C. Foreclosure Prevention Fund is now available statewide through participating HUD-approved counseling agencies. The new program is financed by the U.S. Department of the Treasury’s “Hardest Hit Fund.”

“We expect the N.C. Foreclosure Prevention Fund will enable 21,000 North Carolina unemployed workers to keep their homes,” said A. Robert Kucab, executive director of the N.C. Housing Finance Agency. “By reducing the number of foreclosure sales, the effort will also help stabilize property values in communities across the state.”

Kucab said the Fund will make mortgage payments for qualified unemployed workers while they seek jobs or complete job training in a new field. Others, who through no fault of their own, have gotten behind on their mortgage payments because of divorce, illness or other temporary hardship, may qualify for help while they seek jobs to get back on their feet. The program is expected to be available over the next three to five years.

The assistance will be provided as a zero-interest, deferred loan of up to $24,000 or 24 months of mortgage-related payments. In high unemployment counties designated as "hardest hit", the maximum assistance is $36,000 or 36 months.

See listing of "hardest hit" counties here.

Homeowners will resume making their own mortgage payments at the end of the loan period. If the owner continues to live in the home for 10 years, the loan will be considered satisfied and no repayment will be due.

To be eligible, homeowners must have a good mortgage payment history prior to the job loss or hardship, have potential to resume their mortgage payments once the assistance ends, and meet other program guidelines.

For more information about eligibility, homeowners in Western North Carolina should call OnTrack at 828-255-5166 or 1-800-737-5485 or visit the NC Foreclosure Prevention Fund website.

The Treasury’s “Hardest Hit Fund” is authorized under the Emergency Economic Stabilization Act of 2008. It is available in 18 states and the District of Columbia, which have experienced high unemployment or a steep decline in property values. North Carolina was selected because of the large percentage of the population living in counties with high unemployment rates in 2009.

The North Carolina Housing Finance Agency is a self-supporting public agency. It has financed 196,000 homes and apartments in the last three decades, including 81,000 for first-time homebuyers.

 

RE/MAX Ranks Highest in Customer Satisfaction

by Randy Dockery

7/27/2011

Good morning,

I have extremely exciting news to share with you!

J.D. Power and Associates announced today that RE/MAX ranks highest in customer satisfaction, for both buyers and sellers, in its 2011 residential real estate survey.

That's right – we've earned the highest level of appreciation from BOTH groups of consumers, which is a remarkable statement about the Outstanding Agents in our organization.

I want to personally thank and congratulate every one of you for contributing to this prestigious recognition. It truly reflects your professional excellence, your enthusiasm for education, your commitment to distressed sellers, your individual drive, and many other qualities that serve the interests of your clients. Your efforts change lives, and those people have spoken.

Our team at Headquarters is working with J.D. Power and Associates to determine how we can use the results of the survey, as well as their name and logo. As soon as possible, we will let you know what the guidelines are.

In the meantime, celebrate this incredible achievement and enjoy the fact that once again you've proven yourselves to be the best in the business.

Congratulations!

Dave

Sent by Dave Liniger, Chairman and Co-Founder, RE/MAX World Headquarters

What you should expect of a Realtor

by Randy Dockery

Found this article in the Asheville Citizen Times paper on Sunday, January 16, 2011. Written by: Alan Kellam

I think that it's so important for buyers and sellers to know the facts before buying or selling a property.

I think that it's critical for buyers and sellers to be prepared for the market, but when it comes down to it, your Realtor should provide guidance. He or she is the person in the marketplace every day, has experience in negotiations and knows the process. It's very important to obtain the services of a Realtor who you feel will give you the best experience.

Here are some questions that you should ask about the people you are considering to be your buyer's agent

Is he or she:

• An expert in your market? You need to know where property values are rising … and falling; what's been selling … and what's not. Your Realtor should have done his or her homework.

• Willing to work with you before you're ready to buy? A good agent knows that homebuying is a process, and will get you started, educate you about the process, help you define your needs and wants, show you properties, and help you find a lender, even before you're ready to make the commitment — so when you are ready to buy, you will be prepared to find the right home, and get the best value.

• Willing to suggest more than just that one property you found on the Internet? Are there similar homes in the same area that you didn't see? Your Realtor should dig for others and have them ready to show you.

• A good listener? Will he/she listen to your requirements … and respect them; but also talk to you about other ways to meet your needs?

• Not going to push listings just because they're listed in his/her own office? Sure your Realtor could make more by selling his/her office's own listings, but a good agent will show you everything that meets your requirements, regardless of whose listing it is.

• Able to give you advice on financing and taxes? Realtors are not accountants or mortgage brokers, but the good ones have the experience and knowledge to help you analyze alternatives … and let you know when to consult with the professionals.

To read more of this article, please click this link:

http://www.citizen-times.com/article/20110116/NEWS/301160021/What-you-should-expect-of-a-Realtor

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Whether you are considering buying or selling a home now or not, I think it's important for you to keep up-to-date on the local real estate market in the western North Carolina and North East Georgia areas.

If you have any questions about buying or selling a home, contact me toll-free at 1-877-837-3002 ext 218 or via e-mail at: randy@randydockery.com

Randy Dockery

Displaying blog entries 1-3 of 3