Real Estate Information Archive

Blog

Displaying blog entries 11-17 of 17

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.


Foreclosures Increase 25% From Last August

by Anthony Litz

Since the US mortgage crisis began banks and lenders have foreclosed on more homes this past August than ever. The rate of foreclosures has increased annually every month for the last nine months. 95,364 properties nationwide were taken-back in August, only 3% more than July, but that is a 25% increase from a year ago.

Foreclosure sign, Fannie Mae, Homepath.com Experts say even though it seems there are more bank-owned listings for sale today, less than 33% of the current foreclosure inventory is listed for sale! "These (properties) are going to come to market, but very slowly because nobody wants to overwhelm a soft buyer's market with too much distressed inventory for fear of what it would do for house prices," says Realtytrac.com.

In August 338,836 properties have received a foreclosure-related warning. This translates into 1 out of every 381 US properties.

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

 Homes lost to foreclosure up 25% from last August -USA Today

Fannie Mae announced April 27 the extension of its seller assistance incentive on all Fannie Mae-owned HomePath properties. Buyers will receive 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of selected appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on www.HomePath.com by June 30, 2010.

"We are happy with the results of the program, which has helped us to sell properties quickly, thereby stabilizing neighborhoods and property values," said Terry Edwards, Executive Vice President of Credit Portfolio Management.

Properties listed on www.HomePath.com are owned by Fannie Mae and include a wide selection of homes, including single-family homes, condominiums, and townhouses. HomePath properties may also be eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing, which offers prospective buyers an opportunity to purchase properties with as little as 3 percent down.

For information on Fannie Mae properties within the Greenville, NC and Pitt County 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

Fannie May announced on  January 28, 2010, a new incentive as part of their ongoing effort to help stabilize neighborhoods.  Specifically, the incentive allows people purchasing a Fannie Mae-owned HomePath® property to receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances.  The offer is available to any owner-occupant who closes before May 1, 2010, on the purchase of a property listed as eligible for HomePath® financing.

HomePath® Mortgage offers special financing on Fannie Mae properties.  Benefits of this type of financing include low down payments--sometimes as little as 3 percent, flexible mortgage terms, and often loan qualification with less than perfect credit.  HomePath® Mortgage financing is available from a variety of lenders—both local and national.  Since lenders may impose their own limitations on the use of the 3.5 percent incentive, buyers should consult their lenders for guidance.

Fannie Mae’s HomePath® database includes only properties that are owned by Fannie Mae.  There is a wide selection of homes—including single-family homes, condominiums and town houses located in a variety of neighborhoods.  The number, the types and the sales prices of the homes offered for sale by Fannie Mae may vary substantially.  Many of these homes are relatively new; however, older homes are offered in some areas.  Some homes may require repairs.

To purchase a Fannie Mae property, buyers must go through a real estate professional.  Fannie Mae depends on the expertise of local real estate sales professionals and accepts offers only through a Fannie Mae-certified real estate listing agent.  Individuals may work with any real estate sales professional to submit an offer to the real estate agent who has listed the property.

For over 18 years, The Pistol Tingen Team has served as the exclusive Fannie Mae-direct real estate agents for the Pitt County, Greenville, NC and closely surrounding areas. The Tingen Team welcomes and encourages questions regarding Fannie Mae properties, as well as privately owned properties currently on the market. Call 252.321.6161 with questions or to see available properties.

More Foreclosures on the Horizon

by Madeleine Tingen

It's more than mere speculation--there is yet another wave of foreclosures looming. According to both the U.S. Treasury Department and Fitch Ratings, the housing market faces the prospect of a new round of foreclosures. 

Last week, Fitch Ratings released a report indicating that as hundreds of thousands of risky home loans known as option adjustable-rate mortgages scheduled to reset to significantly higher payments, more borrowers may be forced to fall behind. Fitch Ratings Credit Market Research provides market participants with data and analysis on default and recovery rates and broad credit trends in the fixed income markets. The Fitch Report covers only those mortgages that were securitized, meaning packaged into securities and resold.

Approximately 70 percent of the $189 billion in outstanding option ARMs will reset by 2011--according to the Fitch report, which would be another setback to the wavering housing market still attempting to recover from the mortgage meltdown that precipitated the financial crisis.

The unraveling of the option ARMs could be felt for years--even though they make up only 1.3 percent of the outstanding mortgages and were used by a far smaller segment of the population than subprime mortgages. Fortunately the fallout from the resets should not be as devastating as the initial market setback.

Additionally, Fitch estimates that $134 billion in option ARMs will reset in the next two years. It expects monthly payments to jump 63 percent on average, or $1,053 a month, for loans adjusting this year and next--prompting a rise in defaults and foreclosures.

Clearly, foreclosures and distressed properties will continue to plague the housing market over the next few years.

If you are interested in more information regarding foreclosures--specifically those within the Greenville, NC and Pitt County area, please contact The Pistol Tingen Team at (252) 321-6161.

 

Displaying blog entries 11-17 of 17

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

Disclaimer