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3 Hot Foreclosure Listings:

by Anthony Litz

103 N Outerbridge St, Robersonville, NC

Foreclosure home for sale in Robersonville, 103 N Outerbridge St

$28,000
Tax Value=$122,970
3,086sqft
2 Bedrooms
2 Bathooms
1-Car Attached Garage
1-Car Detached Garage/Shop


3086sqft, Covered porch, 2-Sunrooms, 1-Detached Garage/shop, 1-Attached Garage, Hardwoods, Home has somewhat been updated recently, but repairs are not complete and home does need work. Foreclosure, Fannie Mae Home. Purchase this prop for as little as 3 percent down! Home is approved for HomePath.com Mortgage Renovation Financing. Property to be re-keyed at buyers expense.

Click here to view this listing via our team's website with additional photos.

 


671 Tabard Rd, Winterville, NC

Foreclosure home for sale in Winterville, 671 Tabard Rd

$204,900
Tax Value=$221,509
2,228sqft
3 Bedrooms
2.5 Bathooms
2-Car Attached Garage


Built by The Evans Company, this one-owner home is now available for sale as a foreclosure. Situated in Winterville’s Canterbury subdivision, on a tree-lined .24 acre lot with an open backyard, deck, covered front porch and attached 2-car garage makes this home great for family fun and relaxation! The floorplan features approximately 2,228 sq. ft., 3 bedrooms, 2.5 bathrooms, formal dining room, dine-in kitchen and laundry/mud room. Richly toned hardwood floors flow throughout the foyer and dining room. An oversized master suite awaits featuring 2-walk-in closets, private bathroom with tiled shower, oversized-whirlpool tub and double vanity. Other desirable features of this fantastic home include wood trim/ moldings throughout, all bedrooms have ceiling fans, many rooms have recessed lighting, finished bonus room, extra eve-storage as well as an attic. Don’t miss seeing this charming home in a great neighborhood and priced to sell—truly a rare  find!

Click here to view this listing via our team's website with additional photos.

 


2113 5th Street, Greenville, NC

Foreclosure home for sale in Greenville, 2113 5th Street

$139,900
Tax Value=$152,403
2,340sqft
5 Bedrooms
3 Bathooms
2-Car Attached Carport


Conveniently located near downtown Greenville and in the University Area this home sits across the street from Wahl Coates Lab Elementary School. Updated some, this home includes approximately 2,340sq. ft., 5 bedrooms and 3 bathrooms, and a spacious family room with fireplace.  Both cooking and dining  alike will be a pleasure within either the formal dining room, or eat-in kitchen which offers a gas range, and dishwasher. Lots of cabinetry and counter space offer ample, accessible storage solutions.  The fenced-in patio with big backyard is a wonderful area where seasons of outdoor fun and memorable family activities can be created!  Plus, the backyard patio is the perfect spot for both grilling and entertaining. This is a Fannie Mae HomePath property, it is pre-approved for HomePath Mortgage and Renovation Financing. The home may be purchased with as little as 3% down with HomePath. Call us today for a tour or to get more information on HomePath and Fannie Mae Foreclosures!

Click here to view this listing via our team's website with additional photos.



For more information about these foreclosure listings or for assistance searching for other real estate located in the Pitt County/Greenville, NC area, please contact The Pistol Tingen Team at (252) 321-6161.


An Overview of Buying Your Home in 5 Steps (Video)

by Anthony Litz

Home Buyer Tax Credits Explained (Video)

by Anthony Litz

 

Now is the perfect time to buy a home or invest in real estate in the Greenville, NC – Pitt County area.

The Pistol Tingen Real Estate Team can help you locate a variety of well-priced properties, as well as direct you towards a multitude of financing options currently available. Contact us at (252) 321-6161 so we can show you that the timing is perfect and financing choices are still available!

See for yourself--take a moment and review our brief True – False Test below.  We think you’ll be surprised by the answers.

True or False 

1. “I have to have a large down payment to purchase a home.”
     False.
  There are several loans available that require little or NO Money Down Payments
2. “I have to have perfect credit to qualify for a home loan.”
     False.
  Loan programs are available for many buyers with mid range credit scores.
3. “Homes are not a good investment now.”
     False.
  The September 2008 average sales price of a single family home in Pitt County was      higher than for September 2007.

Current economic fundamentals show that this is a good time to buy a home. 

Here are the Top 4 Ways to Buy a Home Now!

1.  USDA Offers 100% Financing
     You may even be able to financing closing costs!
2.  3% Down FHA Loans
      Easy Underwriting guidelines still available!
3.  100% Veterans Loans
     Qualifed Veterans are exempt from 1st Time Homebuyers Requirements! 
4.  NC Housing with Down Payment Assistance
    
You may borrow  $7,000  for down payment and closing costs with no interest and deferred payments!  Income and sales price limits may apply.  Contact The Pistol Tingen Team for a referral to a Mortgage Specialist who can assist you.

Plus, the once-in-a-lifetime $7,500 tax credit available to many First Time Buyers, makes a home purchase today an even greater investment!

First-Time Buyer Tax Credit: A Reason to Buy Now

When you combine the tax credit with today’s continuing low interest rates, large selection of for-sale inventory, and low home prices, now is a perfect time to buy a home.

How the Tax Credit Works

The First-time Home Buyer Tax Credit was passed this year as part of the Housing and Economic Recovery Act (H.R. 3221) on July 30 and targets any individual or household that hasn’t owned a home for at least three years. Taxpayers can take the credit on their 2008 tax return if they bought their house this year after April 9.

It’s worth up to $7,500 and can be taken in a single tax year. Authorization for the credit ends July 1, 2009, so if you wait to buy in the first half of 2009, you can take the credit on your 2009 tax return.

The actual credit amount is set as a percentage of the home purchase amount. That percentage amount is 10 percent, so you can get 10 percent of the home price credited against your tax liability, up to a maximum $7,500.

Income limits are $75,000 for individuals and $150,000 for households. Individuals whose income exceeds the $75,000 limit but isn’t more than $95,000 can still take the credit but on a reduced basis. The same thing applies to households earning up to $170,000.

Any house is eligible as long as it’s a primary residence and is in the United States.

Buyers Have 15 Years to Pay Back

To help keep the program cost effective for taxpayers, the federal government requires the tax credit to be paid back in small, 6.67-percent increments over 15 years. For that reason, some analysts have likened the credit to a 15-year, interest-free loan to help make home buying affordable.

There’s one restriction on the type of financing that home buyers can use if they plan to take the credit. That restriction is on tax-exempt mortgage financing. That only applies if the home buyers are using below-market interest-rate financing from a public agency or nonprofit that’s funding the loan using proceeds from a tax-exempt mortgage-revenue bond issue. For most buyers, this won’t be an issue. It’s mainly an issue for low-income buyers using special mortgage financing.

Whether you’re thinking about buying or selling, or if you have questions about the Greenville, NC – Pitt County real estate market, please call The Pistol Tingen Team at (252) 321-6161.

Foreclosures as Investment Properties

by Pistol Tingen

With the growing availability of foreclosure properties, many bargain shoppers are thinking about buying one of these “lender-owned” homes. Some of the would-be buyers, though, worry about purchasing a house filled with unknown problems.  When asked for her advice, money-savvy investment expert, Walecia Konrad gave the following advice.

“More properties than ever are in foreclosure, and the number may climb—to 2.5 million by the end of 2009, according to Lehman Brothers. But auctions on the courthouse steps, where speculators pay cash on the spot for homes they probably haven’t inspected, aren’t the place to buy.

Better to try the aftermarket, says Lawrence Yun, chief economist for the National Association of Realtors. Some of the best deals are found in what goes by the awkward term real estate owned or REO homes. These are properties that did not sell at auction and are then put back on the market by the lender. So you can inspect them as you would any home, discover any problems or liens, and know what you’re getting into.

With the glut of properties for sale, Glen Daniels, director of REO sales at Foreclosure.com says that lenders have become very motivated sellers. Daniels also stated that he’s routinely seeing 20 percent discounts on these properties.

Such online services (including ForeclosureS.com and RealtyTrac) collect data on foreclosed and lender-owned homes, then sell access to those listings for a fee, usually about $40 to $50 a month. And there are state-and region-specific sites such as ForeclosuresNH.com.

A real-estate agent who specializes in lender-owned properties can also help you find REO homes. Quiz any brokers you approach on how, and how quickly, they learn of bank-owned property coming to market.”

For both Pitt and Greene counties--which covers Greenville, NC and surrounding communities, all FannieMae Foreclosures are marketed through The Pistol Tingen Team.  Experts in directing home buyers through the maze sometimes associated with lender-owned homes, The Pistol Tingen Team is always the first contact to be made aware of FannieMae properties. (FannieMae has a federal charter and operates in America’s secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates.)

If you have a question about area FannieMae foreclosures or other foreclosures currently on the market, call The Pistol Tingen Team at 252.321.6161.

Displaying blog entries 11-15 of 15

BERKSHIRE HATHAWAY HomeServices Prime Properties,   Greenville, NC, 2625 Charles Blvd.

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