NC Foreclosure Prevention Fund for struggling homeowners receives $224 million

The North Carolina Foreclosure Prevention Fund received $224 million in funding from the U.S. Department of the Treasury last week to aid homeowners struggling to pay their mortgages. (Source: NC Housing Finance Agency)

The North Carolina Foreclosure Prevention Fund received $224 million in funding from the U.S. Department of the Treasury last week to aid homeowners struggling to pay their mortgages. (Source: NC Housing Finance Agency)

RALEIGH, NC (WECT) –

The North Carolina Foreclosure Prevention Fund received $224 million in funding from the U.S. Department of the Treasury last week to aid homeowners struggling to pay their mortgages.

According to the NC Housing Finance Agency, the money came from the Treasury Department’s Hardest Hit Fund, which is available to states that experienced high unemployment or a steep decline in property values.

The Foreclosure Prevention Fund was launched in 2010 and to help homeowners struggling due to job loss, reduction in income or other temporary hardships and expanded in 2013 to assist returning veterans transitioning to civilian jobs.

“This additional funding from the U.S. Department of the Treasury is a testament to just how successful this program has been in the state,” said A. Robert Kucab, executive director of the N.C. Housing Finance Agency. “So far, we have helped nearly 22,000 North Carolina homeowners keep their homes, and with this additional funding, we expect to help thousands more and to continue our special outreach to returning veterans.”

Mortgage payment assistance is provided in the form of zero-interest, deferred loans of up to $36,000.

via http://www.foxwilmington.com/story/31808219/nc-foreclosure-prevention-fund-for-struggling-homeowners-receives-224-million

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The Cliffs Announces Strong Sales and Momentum in 2016

Western Carolina Luxury Communities Announce Record 2015 Real Estate Transactions And Begins 2016 With Accolades, New Members and Plans for Continued Growth

Travelers Rest, S.C. (PRWEB) April 07, 2016

A strong upward growth trend continues within The Cliffs, a collection of seven private luxury mountain and lake communities in the western Carolinas. A total of 146 real estate transactions closed in 2015, representing a 20% increase over 2014 sales, and year-to-date sales in the first quarter of 2016 are up 16% over last year. The Cliffs continues to see an increase in land and home values across all seven communities, and sales leads with prospective buyers have increased 129% since 2014. To date, there are 1,532 completed homes and 111 homes under construction.

“We entered 2016 with strategic plans to build on the strong momentum generated in 2015,” says Kent Smith, President of Cliffs Land Partners. “At The Cliffs, our goal is to capture and perfect the four-season appeal of the Carolinas, and the recent activity not only showcases that we have sustainable and successful communities, but also validates our core belief that The Cliffs offers one of the most unique and diverse real estate opportunities in the country.”

The Cliffs Makes the Grade:

Located between two of the nation’s most award-winning cities for quality of life – Greenville, South Carolina and Asheville, North Carolina – The Cliffs provides access to an incredible range of amenities across all seven communities; a member of one is a member of all, offering a truly distinctive lifestyle that has placed the communities at the top of numerous “Best Of” lists.

The Cliffs has already received two significant awards in 2016, including recognition as the “Happiest Community in America” by Real Estate Scorecard, the industry leader in online real estate reviews. The award took into consideration rave reviews from property owners, who praised The Cliffs’ quality of life and unique blend of family recreation, entertaining, well-being and life-enriching experiences.

The Cliffs was also honored in the February 2016 issue of GOLF Magazine as one of the “25 Best Golf Communities in North America,” showcasing The Cliffs’ seven championship golf courses, as well as the diverse lifestyle and comprehensive membership offering.

New Members Come to The Cliffs:

Recognizing the unique appeal that membership offers, The Cliffs introduced new Corporate and National membership programs last year. In 2015 The Cliffs welcomed 202 new members including 20 new Corporate and National members, with plans to grow the program in 2016.

A limited number of memberships are currently available and provide a way for select businesses and corporately connected individuals to experience and entertain at The Cliffs. Similar to homeowners, members can access all amenities within the seven communities, including seven championship golf courses, cycling programs, wake-boarding, shooting sports, six wellness centers, more than fifty restaurant and private event venues, clubhouses, a marina, beach club, tennis complexes, an equestrian center, fly fishing, miles of hiking trails, wine clubs, an organic farm and a number of year-round social activities.

Continued Expansion on Lake Keowee & Mountain Park:

The Cliffs’ suite of amenities continues to expand. Later this year, The Cliffs at Mountain Park will open a wellness center to include a cardio theater with state-of-the-art equipment, group exercise classes, and personal training.

The next phase of The Cliffs will launch this summer with the unveiling of The Landing at Keowee Springs, a new 600-acre waterfront neighborhood within The Cliffs at Keowee Springs. Offering more than 150 premier lakefront homesites, The Landing will significantly increase The Cliffs’ prime real estate offering along Lake Keowee and is part of the ongoing development of the Keowee Springs community, which started last year with the successful release of the Dockside at Keowee Springs neighborhood. Additional planned developments for Keowee Springs incorporate a comprehensive amenity expansion, including a Clubhouse with a restaurant and bar; Wellness Center with an indoor pool, spa and tennis courts; and an outdoor pavilion and garden.

“It is exciting to embark on the next chapter of development at The Cliffs and continue the accelerated growth initiated by Dockside in 2015,” says David Sawyer, President of The Cliffs Clubs. “The exclusive addition of The Landing will bring a fresh perspective on lakefront lifestyle and we are looking forward to welcoming new members and families into this energetic community.”

The Cliffs at Keowee Springs was introduced in 2004 and spans 1,500 acres on the shore of Lake Keowee. Current amenities include the Beach Club that offers two pools, water slides, kayaks, canoes and paddleboards; The Porch that includes a fitness studio, member lounge, and golf shop; and the Carolina Smokehouse and Market.

For more information on The Cliffs, please visit http://www.CliffsLiving.com or call 866-411-5771.

About The Cliffs:

The Cliffs is a collection of seven premier private, luxury residential mountain and lake communities located in the Blue Ridge Mountains of the western Carolinas, between two of the nation’s top award-winning cities for quality of life – Greenville, S.C. and Asheville, N.C. – and Clemson, S.C. The Cliffs’ suite of amenities for members includes seven clubs, six wellness centers, 50 restaurant and private event venues, seven championship golf courses, marinas, beach club, cycling, paddle sports, tennis complexes, equestrian center, hiking trails, wakeboarding, wine clubs, an organic farm and more than 4,000 year-round social activities to create timeless experiences. Homes at The Cliffs range in price from $500,000 to $6 million+; homesites, from $125,000. For more information about The Cliffs, visit http://www.CliffsLiving.com. Contact The Cliffs at 866-411-5771 or info(at)cliffsliving(dot)com to arrange a Discovery Visit.

via http://www.benzinga.com/pressreleases/16/04/p7816040/the-cliffs-announces-strong-sales-and-momentum-in-2016

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HGTV house in West Asheville hits the market for $490,000

The prize of a lifetime coveted by millions of people who entered into an HGTV-branded sweepstakes last summer is for sale in Asheville.

The fully-furnished HGTV Urban Oasis home, at 17 Russell St. in West Asheville, is on the market for $490,000.

Asheville Mosaic Community Lifestyle Realty will facilitate the sale through a series of open houses on April 16-17 and 23-24 and a sealed bidding process that runs through the last open house on April 24.

The winner of the sweepstakes, Crystal Harriman, of Poulsbo, Washington, decided not to keep it. Harriman has three children, so life in the 1,300-square-foot, two-bedroom bungalow would have been cramped.

“It’s a beautiful home, and we love it very much,” she said in a news release. “We had a hard time leaving it when we were in Asheville, but it would be really hard to uproot our children and our life.”

The 100-year-old home was fully remodeled by Asheville’s Wilson Architects and JAG Construction as part of the HGTV project, and it comes with furnishings and decorations by designer Brian Patrick Flynn. It includes works by local artists Hannah Dansie, Joanna Maldonado, Mark Bettis, Patricia Cotterill, Phillip Deangelo, Walter Arnold and Josh Copus, plus kitchen accessories, bikes and skateboards, art supplies and even the clothes.

The house part of the prize package is exactly as HGTV awarded it, explained Mike Figura, owner of Mosaic Community Lifestyle Realty. HGTV valued the house at $490,395, so that’s how Figura determined the list price.

Because the house is a TV star and it’s fully furnished, he said he doesn’t expect the sale price to affect home prices in Asheville.

“People who are concerned about affordable housing in Asheville, don’t panic about this,” he said. “This house is being sold furnished, and it’s a famous house. That’s going to be taken into account in the pricing.”

He also said sellers should not get unrealistic expectations about selling 1,300-square-foot homes for nearly half a million dollars. This deal is a one off.

A two-bedroom bungalow in West Asheville costs in the low to mid $200,000s.

Figura said he has no way to predict who will buy the house, but if he had to guess, he would say someone from out of town.

“I would probably say it will be a second home,” he said. “Most people in our market are who making a lateral move or moving up, they already have a furnished home.”

He said it will not be a vacation rental because they are prohibited in the city limits.

At the open houses, Figura said he expects potential buyers and curious fans of HGTV’s programming.

Open houses take place from 2-5 p.m. April 16-17 and 23-24 at 17 Russell Street. For more information, visit mymosaicrealty.com/home/17russell.

via http://www.citizen-times.com/story/news/local/2016/04/07/hgtv-house-west-asheville-hits-market-490000/82704258/

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Foreclosure rates in Asheville decrease

CoreLogic data reveals that the rate of Asheville area foreclosures among outstanding mortgage loans was 0.54 percent for January 2016, a decrease of 0.16 percentage points compared with January 2015 when the rate was 0.70 percent. Foreclosure activity in Asheville was lower than the national foreclosure rate, which was 1.15 percent for January 2016.

Also in Asheville, the mortgage delinquency rate decreased. According to CoreLogic data for January 2016, 1.97 percent of mortgage loans were 90 days or more delinquent compared with 2.50 percent for the same period last year, representing a decrease of 0.53 percentage points.

Source: CoreLogic
Source: CoreLogic
Source: CoreLogic

Data Notes and Definitions:
90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent, including those in foreclosure and REO (real estate owned).

Foreclosure Rate: This measures the percentage of loans in some stage of the foreclosure process. A foreclosure is defined by the legal process by which an owner’s right to a property is terminated, usually due to default. This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends. CoreLogic has approximately 85 percent coverage of foreclosure data.

About CoreLogic:
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

via http://mountainx.com/blogwire/foreclosure-rates-in-asheville-decrease/

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Property sales up, foreclosures down in Onslow County

This house on Barn Street is among 80 active foreclosures on the market in Onslow County, which has seen foreclosures drop amid rising property sales overall the last two years, according to information from Jacksonville Board of Realtors.

In Onslow County the last two years, foreclosures dropped while overall sales rose and the trend is continuing in 2016, according to information from Jacksonville Board of Realtors

An improving housing economy nationwide has helped the area, which is affected by trends afield, Board President Alexis Pierson said.

“If we have people moving into the area and those areas are having housing issues, that inhibits people moving here from buying,” she added. “If they can’t sell elsewhere, that affects the market here. If things are improving elsewhere, that helps our market.

“Our market is improving.”

In 2014, Onslow County had 2,976 property sales and 30 percent of those — 898 — had been foreclosures. In 2015, the county had 821 foreclosures sold — or 26 percent of all 3,105 property sales that year, Pierson said.

So far this year, 619 properties have sold. Of those, 346 were resales, 145 were foreclosures and 128 were new construction.

“Resales are half of the market,” Pierson said. That means that so far this year, foreclosures sold amount to 23 percent of all sales.

Pierson attributed the trend to improved access to state resources and better education for homeowners enduring bad times.

The best way to avoid such hardship, she added, is to avoid getting too far behind before asking for help.

“It can be disheartening and discouraging,” she said. “It can be hard to get the motivation to get back on your feet. We want to help you. We want to keep you from drowning.”

So does the N.C. Foreclosure Prevention Fund, which helps homeowners struggling to make mortgage payments because of “job loss, reduction in income or temporary financial hardship, such as divorce, illness or death of a spouse,” according to the resource at NCForeclosurePrevention.gov. “The Fund also assists returning veterans who are transitioning to civilian jobs.”

For qualified homeowners, the fund can pay mortgage and other expenses up to three years “while you search or retrain for new employment,” according to the website.

“I think it’s a benefit to any homeowner who really wants to stay in their home and is having a tough time,” Pierson said. “I run into people all the time who have a hard time getting back on track.”

So far this year, 80 active foreclosures are listed on Multiple Listings Service in Onslow County, but that number changes daily, Pierson added. In addition, there are 101 foreclosures under contract, which means that someone placed an offer to buy and are doing the diligence to close on the property.

“I do think the historical data shows improvements in Onslow County,” Pierson said. “Foreclosures are going down, but our overall sales are going up.”

via http://www.topsailadvertiser.com/news/20160401/property-sales-up-foreclosures-down-in-onslow-county

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Historic Papers Found Hidden Inside Wall Of N.C. House

An electrician working on a home renovation in North Carolina discovered a box that contained a number of historic documents — some signed by former presidents Andrew Jackson and Martin Van Buren.

Electrician German Martinez was running wire to a room at the Patton-Parker House in Asheville, North Carolina, in February when he took down a patch of drywall and discovered a secret compartment hidden next to a chimney, the Citizen-Times reports.

Martinez then pulled out a tin box, in which he found a stack of leather-bound books.

“I’ve worked in a lot of old houses, but I’ve never found anything like this,” he told the Citizen-Times.

Inside the box were letters of business correspondence, as well as other documents, from the house’s builder Thomas Patton. The Patton-Parker House’s current owner, attorney Jim Siemens began looking over the documents with his girlfriend, Deborah Haft, in February and March, and they found two signatures from Jackson and Van Buren.

One was a land grant from property in Arizona signed over from Jackson to Patton in 1830. Another land grant was signed in 1837 by Van Buren.

“I haven’t seen anything nefarious,” Siemens said. “But as a lawyer, it’s interesting for me to see how involved these guys were in the land transactions around Asheville.”

So far, he said, no other hidden documents or anything of significance has been found behind the other walls and floors of the house.

The Patton-Parker House was built by Patton, former Asheville mayor and Buncombe County commissioner, in 1868, according to the Preservation Society of Asheville & Buncombe County. The PSABC put the house up for sale in early 2013.

At the time of the sale, PSABC Executive Director Jack Thomson assured that the house would be preserved for its historic nature.

“When the historic house is sold we will place preservation covenants in the deed that will protect the historic nature of this special place in perpetuity,” he said.

The house was sold to Siemens as a location for his family law practice.

The house was notable as the location where a group of women met in 1894 to organize support women’s right to vote. The next day, a gathering sponsored by Patton resulted in the formation of the North Carolina Equal Suffrage Association — which began the fight for women’s right to vote in the state.

The house became a local landmark in 2000.

via: Historic Papers Found Hidden Inside Wall Of N.C. House

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