Blog :: 04-2009

Maggie Valley Short Sale to Be Foreclosed Next Week! Need an Offer!

125 Tranquility Trail
Maggie Valley , NC 28751

(828) 926-5200
Click here for price
Need An Offer Today Foreclosure Coming
Bank to Foreclose Next Week! $49,000 price Reduction! Call to see today! Waterfall entry, common area, and easy to navigate roads make this home one of the best buys around Maggie Valley. End of the road privacy, 3 BD, 2.5 Baths, open floor plan with T & G ceiling in Great Room, lots of glass/french doors throughout. All BD's on main level, big loft and separate office.Home offers lots of closets and storage. Wrap around deck with retractable awning. All offers must be approved by 3rd party.-Home has a 10 year warranty from manufacturer, 6 years remain.


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Comments

  1. Foreclosure on

    Hi, Excellent post, some really useful foreclosure information here. Thanks
    • jessie newton on

      i am intrested in this property let me know the cost and i need more information and more pictures if u have them. Thanks Jessie
      • Admin on

        Jessie, This home has been sold. Thank you for your interest. Please contact us if you want additional information on similar listings.

        Realtors Support Mortgage Lending Reform

        For more information, contact: Mary Trupo 202/383-1007 mtrupo@realtors.org

        WASHINGTON, April 23, 2009

        To help Americans continue to achieve their dreams of homeownership, there must be a balance between safeguarding consumers in the lending process and ensuring reasonable access to mortgage capital. That is the message that the National Association of Realtors® delivered to Congress today, reiterating its support of comprehensive legislation to reform mortgage lending.

        At a House Financial Services Committee hearing, NAR President Charles McMillan testified that reform to the mortgage lending system is needed to restore consumer confidence in the economy and the housing market. "Historically low mortgage rates and a significant tax credit for first-time home buyers have begun to bring people back to the housing market. However, we need wholesale reform of the mortgage lending sector to give consumers the protection they need and the confidence necessary to expedite the housing recovery," said McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth.

        The recently introduced Mortgage Reform and Anti-Predatory Lending Act of 2009, H.R. 1728, contains many of the reforms NAR has been seeking, but McMillan cautioned against overregulation. "We must strike an appropriate balance between safeguarding consumers and making sure they have access to mortgages at a reasonable cost. Undue regulation of the mortgage market could be as harmful to consumers as the lack of regulation that led to irresponsible lending and other abuses," McMillan said. "We must be sure there are no unintended consequences here."

        NAR believes the current definition of mortgage originator as "any person who assists a consumer in obtaining or applying to obtain a residential mortgage loan" is too broad, since Realtors® as part of their normal level of service provide advice, counsel and assistance across all aspects of the real estate transaction. In addition, NAR supports the safe harbor provisions in the legislation, but as written, these provisions may be too narrow.

        "The safe harbor should include more products than 30-year fixed-rate mortgages. We need to protect more home buyers from risky lending products, and that requires some flexibility in financing terms," McMillan said.

        NAR supports regulations that require lenders that make subprime mortgage loans to establish appropriate escrow accounts. Borrowers making at least a 20 percent downpayment should have the option to budget for these payments independently.

        NAR also believes that a strong and independent appraisal industry is vital to restoring faith in the mortgage origination process. "H.R. 1728 strikes a good balance by strengthening the accountability and oversight of appraisers while creating new consumer protections," said McMillan.

        "We applaud the efforts of this committee and the authors of H.R. 1728. This bill is a major step in the right direction and we look forward to working with Congress to adjust and improve the legislation to make it even more meaningful and safe for all consumers," McMillan said.

        Thanks for Travelling to Maggie Valley

        We have had some great Spring weather since a snow storm brought it about 6 inches several weeks ago. We have been in the upper 70's to mid 80's the last week or so. This past weekend was the first of several Harley Rally's in the Valley and I will have to say it was the most people I have seen in the Valley in 2 years! It was great to see so many come out to enjoy the event and the great weather that we have been enjoying. I also noticed a Clogging Show at the Stomping Ground which brought more people to town. It was nice to see some of the marquees in town thanking folks for traveling. Our economy really depends on it and it is must appreciated to all those that came to our area and bought gas, groceries, stayed at a motel for a few nights, ate out, and visited some of the many attractions.

        It also helps our business as new people come to town and see what a wonderful place Haywood County is and they want to come back either to purchase a vacation home or a permanent residence. If you were here and you liked what you saw, come on back!

        Thanks for Travelling!

        Comments

        1. Bella on

          I JUST LOVE the Maggie Valley/Waynesville area. I'm blessed to have a friend who purchased a condo in the Waynesville area as part of her retirement plan (they plan to relocate permanently in the future). Now, if I can only get my own home sold here in Florida, I'd become a permanent resident of Haywood County myself! In the meantime, I'll continue you enjoy my friend's hospitality and travel up to the stunningly beautiful area of Maggie Valley. PS: I was a participant of the "Thunder in the Smokys" rally of which you speak. Look for me to be there for the fall rally in September. Inbetween, I'll be up there hiking Mt. LeConte and other trails whenever I can!!!! Thank you for your wonderful hospitality, great restaurants, and friendly service oriented businesses!

          Great Video to Give You That Warm & Fuzzy Feeling (G-Rated!)

          If you have not seen or heard about this video it may be time to come up for air or catch the next ship back to earth. The media coverage of this has been incredible. The first time I watched it I will admit....I was moved! With all the doom and gloom in our world watch and enjoy a few minutes of hope and joy!

          httpv://www.youtube.com/watch?v=9lp0IWv8QZY

          Maggie Valley Real Estate Market Update

          Sales in the Maggie Valley have been sluggish thus far in 2009. Last year from 1/1/08-4/10/08 we had 18 sales of single family residential homes in Maggie Valley compared to 15 this year (2008 was sluggish as well!). As we head into our "selling season" and the tourist return to the area we will get a good idea of how the "season" will shape up. Below our the current market stats for single family residential homes sold form 1/1/09- 4/10/09.

          Total # of Homes sold:15

          Average Listing Price: $245,507

          Average Selling Price: $227,593

          Average Days on the Market: 191 Days

          Months Supply on the Market: 33.6 Months

          6 months Supply= Balanced Market
          Less than 6 Months= Sellers Market
          More than 6 Months= Buyers Market
          Stats Source: NC Mountains MLS Inc.

          Waynesville NC Real Estate Market Update

          As we head into our "selling season" here is a fresh look at the winter and early spring numbers for Residential (single family homes) sales in Waynesville NC from 1/1/09- 4/10/09

          Total # of Homes Sold: 41

          Average Listing Price: $250,873

          Average Selling Price: $229,191

          Average Days on the Market: 185 days

          Months of Supply on the Market: 22.17

          6 Months Supply= Balanced Market
          Less than 6 Months= Sellers Market
          More than 6 months= Buyers Market
          Stats Source: NC Mountains MLS Inc.