Change is good.

Change is Good!

We are getting ready to turn back the clocks on Nov. 4th. This is an excellent time to change the batteries in your smoke detectors. Make it a habit of changing the smoke detector batteries each time you change your clocks (Fall and Spring) to stay safe from a house fire. According to the Town of Cary, most home fires occur from 2:00 AM to 5:00 AM, when we are sleeping. Smoke will not wake you up, and home fire related deaths are caused by smoke inhalation! Source: BUD Newsletter, Oct. 2012 edition.

In light of the devastating storm which has hit the east coast, it is important (especially when the power goes out) to keep your cell phones charged.

In light of the devastating storm which has just hit the east coast, it is important (especially when the power goes out) to keep your cell phones charged.  It is your lifeline to family, friends and those who can help.

http://www.cnn.com/2012/10/29/tech/mobile/sandy-charge-devices/index.html?iref=obnetwork

Plan to vote early this election year?

Plan to vote early?  Below is a link to a list of places in the Triangle.  BE SURE you check and see when these places are open.  I went to Cary Senior Center to vote at 9:00 this morning, and they do not open until 11:00!

http://www.newsobserver.com/2012/10/17/2419603/early-voting-sites.html 

Dave Liniger hits the nail on the head as regards the national housing market.

Thank you, RIS Media, for publishing this letter.  Regardless of your party affiliation, Dave Liniger hits the nail on the head in this Open Letter as regards the national housing market and it's importance to economic recovery/

http://rismedia.com/2012-10-25/remax-co-founder-and-chairman-dave-liniger-issues-open-letter-to-president-obama-and-governor-romney/

Weekend events, Halloween Edition, for the Raleigh area.

Weekend plans...Halloween Edition....for Raleigh, NC and surrounding communities! Credit given to WRAL.com (they do the BEST at compiling such stuff!)  Have fun and be safe!

http://www.wral.com/weekend-plans-halloween-edition-spooktaculars-raleigh-living-dead-festival-and-much-more/11696184/

Need a rug?

Need a rug?

Sundram Rugs & Interiors is selling the rug company because he is starting a new business and everything is 80% off. They are nice rugs! 

Sundram Rugs & Interiors located at 101 Baines Court in Cary – next to Bunky’s car wash on Cary Parkway near Kildaire Farm Road.

Thinking of picking up investment properties? The FHA changes their guidelines for real estate investors.

Fannie Mae has made some major changes in its polices that now allow real estate investors to purchase up to 20 properties, using renovation loans similar to 203k mortgages.

The new changes that took effect on Oct. 1 are big news for smaller investors, and are designed to help Fannie clear out its inventory of foreclosed properties. Previously, Fannie Mae guidelines limited investors to 10 mortgages on nonowner-occupied residences. And, while the new policy allows the purchase of up to 20 properties by one investor, half of the purchases now are required to be Fannie Mae foreclosures.

Here’s the fine print:

 •Minimum downpayment (on each home) is 30%

 •No mortgage insurance needed

 •Appraisal not required

 •Contributions from sellers and other interested parties are limited to 2%

•Purchase loans only, no refinances

 •No second homes

 •Properties 11 through 20 have to be Fannie Mae foreclosures

 •203k type renovation loans available through Fannie Mae finance partner

 Investors have to purchase properties through the HomePath program and finance those homes through Fannie Mae’s finance partner, Prospect Mortgage.

Over the past months, investors have stepped into markets all over the country, whether to concentrate on "flipping" properties, or renovating and renting.

 

Call us!  Email us CHUCKandCINDY@CHUCKandCINDY.com