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July 31st 2010 was a very important date for all Mortgage Bankers and Mortgage Brokers. This date was the last day for Loan Originators to register with the new National Mortgage Licensing System(NMLS), take 20 hours of Continuing Education, go through a background checks, fingerprinting and pass both the National Mortgage Exam, as well as any State [...]
Today, a purchaser of a home is encouraged to have a home inspection. The purpose of an inspection is to determine the condition of the property at the time of purchase and to make sure that structures such as the roof, basement, heating system, water heater, air-conditioning system, plumbing and electrical are all in working [...]
As mentioned in part one, selecting a builder is one of the most important aspects when building a custom home because he/she can also act as your consultant. So, if you have your builder lined up you are at a distinct advantage but if not, we can help guide you through the maze of purchasing [...]
Now, more than ever, pricing your home correctly is extremely important. In fact, pricing often ranks #1 in importance followed closely by location and condition of the home. So, how do you determine pricing? Let’s take a look…
In July, the List Price to Sales Price ratio fell year over year to 88%. Many misread this [...]
One thing that most single family homes have in common is a yard. Some are large high maintenance yards and some are small lower maintenance yards. What they all have in common is that they require maintenance. I decided to take the do it yourself approach to my lawn with a little help from my [...]
In all my years in the insurance industry, flood coverage is, by far, the most misunderstood concept by my clients. So here goes….
Flood insurance is not covered on the homeowners policy.
(I’ll say it one more time.)
FLOOD INSURANCE IS NOT COVERED ON THE HOMEOWNERS POLICY!
The homeowners policy specifically excludes coverage for flood damage. What that means [...]
The other day, I received my IRA statement in the mail. I won’t lie, I considered weeping. But instead I started to think about the returns on my investments. I realized that none have been as good to me as the returns I have received from homes I have sold.
Real estate is one of the [...]
Comparison shopping can be tedious and time consuming, which means that consumers often put it at the end of their to-do list (I’m as guilty as the next person). When it comes to Mortgage Financing however, comparison shopping needs to be at the top of the list. We all know it is a daunting process [...]
In recent months, foreclosure has become a buzz word within the real estate world. So, what effect does the foreclosure crisis have on you?
The North and South Carolina markets have been hit hard with foreclosures. Mecklenburg County has the highest number of foreclosures in North Carolina and Charleston County ranks #1 in South Carolina. The [...]
In 1946, my Dad, Willie York, got on a train to head to Chicago to attend the annual Home Builders Association meeting. On that trip, he met JC Nichols of Kansas City, who had developed Country Club Plaza, the first planned shopping center in the United States. After hearing about the Plaza, Dad decided he [...]
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