Foreclosure or Short Sale?

With more and more Americans facing the prospect of declining home values and unemployment levels not seen in quite some time, many homeowners and their lenders are facing the situation where the home is worth less than owed.  This is no problem if the owner doesn’t have to move and can afford their current payment.  If the owner is forced to sell for whatever reason, then the possibility of a short sale becomes a very real option.

What is a short sale? A short sale is an option you have before you reach the point of [Read more...]

Flight 1549 Passenger Story Is Important Reminder

This morning I had the opportunity to hear from one of the passengers who was on USAir Flight 1549 that crash landed in the Hudson River.  He spoke about understanding why he thinks everyone survived and reminded us to think about the important things in life by being better husbands, sons, fathers, brothers and dads.

I look at what I have in my life; my family and my business.  He reminded me to be grateful for what I have and never take it or anyone for granted – not that I ever do. [Read more...]

Charlotte, NC Commuter Times

charlotte commutersThe Charlotte Chamber of Commerce has put together a series of maps that show estimated commute times from certain points in the metro area. This is a pretty cool tool for folks thinking of moving to Charlotte and are unfamiliar with commute times in different parts of the city. The times are only estimates, of course. Included in the report are occupations shared by residents in the various areas, thus allowing those who might be currently unemployed to use this information while searching for employment. The study focused on 15-30 minute drive times in 15 different areas of Charlotte.

Check it out at:

Charlotte Commuting Time Estimator

Mortgage DTI Update

Today we have a guest blogger from the mortgage industry. Paul Bender with Countrywide Mortgage has an important update for all homebuyers:

EFFECTIVE TODAY:  Customers that are purchasing homes with less then 20% down, now must have a 700 credit score and have a debt to income less then or equal to 41%.   Government loans (FHA, VA) are not effected.
If the customers are putting 20% or more down then they can have a credit score less then 700, the DTI still needs to be 41%. [Read more...]

Stimulus Needs To Stop!

The American Heritage Dictionary defines the word Stimulus as “anything causing or regarded as causing a response.  Something that rouses to action; an incentive.”

We continue to pour money to bail out AIG, banks, auto industry and the like.  Instead of doing that, why not give every adult over the age of 18 a stimulus in the amount of 1 million dollars? [Read more...]

Charlotte Realtors Give Back

The Charlotte Regional Realtor Association is sponsoring Realtors Care Day in Mecklenburg and Iredell Counties, April 24th.  Irv & I are putting together a team from our office to participate.  Click here to find out more and to sign up – Realtors Care Day

The Victory Junction Gang

It’s no longer about me and how much I need or how much I have.  It’s really about how lucky I am to have a healthy family, a great job in Real Estate (yes even at these times) and the ability to help others.

One of my past clients has introduced me to his company, The Victory Junction Gang.  The purpose of this organization is to [Read more...]

HBA Charlotte Against Economic Stimulus Package

Earlier this month, the Charlotte Business Journal reported on The Home Builders Association of Charlotte and their actions objecting to the economic stimulus package being proposed by President Obama: [Read more...]

Snow in Charlotte, North Carolina

The snow was falling early this morning

The snow was falling early this morning

Yes it does snow in Charlotte!  Proof is in the pictures I took this morning as the flakes were falling in Southeast Charlotte, cancelling school and causing many to stay home from work. Many who didn’t grow up in this area like to laugh at Southerners who appear to panic at the first flake and stay home as long as anything white remains on the ground [Read more...]

Jerry Richardson on heart transplant list

Carolina Panthers Owner is on a heart transplant list after quadruple bypass surgery 6 years ago.  Mr. Richardson was not feeling well enough to make it to the Monday night game where the Panthers beat up Tampa Bay really running away with it in the fourth quarter.