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Everything you need to find, finance and buy the house of your dreams
November 15, 2012
Coldwell Banker To The Rescue by Zoe Murphy
6927 Maynard Road, Hillsdale Lake, Summerfield 3 BR/ 2 BA. Enjoy a fabulous view of Hillsdale Lake from your sunroom and breakfast room. The dock is ready for you to put in a fishing boat. The main house has 3 Bedroom and 2 full baths. This home features a 2 bedroom, 1.5 bath apartment perfect for inlaws or student, (not included in square feet). Huge unfinished basement! Watch the sunset from your screened porch. You need to experience this view to believe it! Northern Schools. Home Warranty included. $324,000 Bobbie Maynard, 336-215-8017
One story with basement on 1.18 acre lot. Features 3 bedrooms 2 1/2 baths, garage, wood and tile floors through out, vaulted ceilings, inground pool, hot tub, and basement playroom. Only $189,900 LIN427. Contact Jamie Harrelson at 336-889-9192 or jamiehouse@aol.com for more information.
4432 River Forest Lane GSO 27409 3 bedroom, 2.5 bath home. Master bedroom with double closets. Open floor plan. Wood floors downstairs. 2 story great room with gas fireplace. Living room and dining room. Eat-in Kitchen with stove, refrigerator, microwave and dishwasher. Upstairs laundry room. Front lawn maintained by HOA. Fenced backyard with patio. 2 Car garage. Central air and gas heat. No Smoking, Pets negotiable. FOR LEASE $1295.00. RENT SPECIAL, half Off December rent with a 14 month lease. Call Mojgan Jordan at (336) 271-3020
181 Stonehaven Circle. Reidsville 27320 3 bedroom, 2.5 bath home. Spacious living room with fireplace. Formal dining room. Breakfast area. Master bath with double vanity. Kitchen with pantry, stove, side-by-side refrigerator and dishwasher. Hardwood floors throughout, tile in the kitchen and baths. Central air and gas heat. Rocking chair front porch. Paved patio off deck. Beautifully landscaped yard. 2 Car garage. No smoking. Pets Negotiable. FOR LEASE $1,095.00 RENT SPECIAL, $300.00 Off December rent with a 14 month lease. Call Mojgan Jordan at (336) 271-3020
100 Topaz Ridge Ct, Gibsonville 3BR/2.5BA, 1,524 sq. feet. Open floor plan with patio off of breakfast area, great for entertaining!! Choose your package for your new home. Call agent for details! Priced at $141,900. Call Jenny Blythe, at 336-446-7465
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To help homeowners facing a short sale or foreclosure situation navigate – a difficult and confusing process – Coldwell Banker Triad, Realtors has partnered with SAFAssist Short Sale and Foreclosure Assistance to create a customizable plan that can adapt to each client’s needs. SAFAssist helps homeowners who feel they are forced into considering a short sale or foreclosure of their home and is designed to give them the support and tools they need to either delay or stop a foreclosure and complete the short sale of their property. Jodi Tate, chief operating officer for Coldwell Banker Triad, Realtors, explained that the program has been designed specifically to address the area of short sales without any out-ofpocket expenses for the homeowners. Some of the benefits of the program include advice regarding income tax ramifications for the homeowner; assistance in minimizing negative effects on the homeowner’s credit score; reduction in the liability for the homeowner; and help from a dedicated document coordinator in preparing the homeowner’s hardship case. Best of all, the SAFAssist program allows the homeowner’s real estate agent to focus on what the agent does best – selling their home. So far, Tate said they have performed almost 500 successful short sale transactions in about a year and a half in the Raleigh area. This success is why Coldwell Banker Triad, Realtors choose to be an exclusive partner with
SAFAssist in the triad. “The program won’t be offered with any other company,” Tate said. To get started, homeowners meet with the SAFAssist team for a thorough consultation interview to create a plan to assist them with their short sale or foreclosure, and to give them the best counsel, whatever their situation is. “A team of people step in and help take the pressure off,” Tate said. That team includes an attorney who helps by negotiating with the banks. “It helps us get out and do what we do best, which is sell real estate,” she said. The attorney involved also counsels homeowners if foreclosure makes sense for them or if they should delay and do a short sale. They will also negotiate fees with the banks. “A lot of people out there are so afraid and embarrassed,” Tate said. “It is just such a rough time. I think they end up going into foreclosure because they don’t know they have any other options. What we are trying to do at Coldwell Banker is give them some other options.”
Marion Bunge, Ray Alexander, Jim Duncan, Rick Goldsmith and Jeff Craig of Allen Tate Realtors (from left) at the McNairy Pointe Realtor luncheon held Wednesday, Nov. 7 by Builder Services Inc. (BSI).
“In the triad, distressed sales are still about 30 percent of our market,” Tate explained. “Clearly, this is a type of transaction that is difficult and different, and it requires very specialized training and legal advice.” Tate said that before 2007 foreclosures happened, but very sporadically. “Short sales weren’t even a term we recognized—they weren’t even on our radar,” she said. “Over the last five years, short sales have become an everyday term for us in the real estate industry.” Despite the recent ubiquity of the term for the real estate industry, short sales go beyond the expertise of a real estate agent, requiring legal advice. Part of that is because with a short sale, the homeowner is trying to negotiate on their overdue payments. Tate explained that they are trying to get the bank to take less for the property than what the homeowner owes on it. That process requires negotiations with the lender as well as advice to the homeowner on the resulting tax ramifications, all of which requires legal advice. SAFAssist was originally developed (Continued on page 25)