Linda's Blog

7 Tips To Remember When Buying A 'Short Sale'

Wed, 02 Dec 2009 15:05:38 -0600

This article was part of my monthly newsletter.

Short sales are often complicated due to the home seller's lender being involved in the process. Understand that although the home seller may accept your purchase offer, there is another step involved in the process -- the home seller's lender approving the short sale. Here are a few keys to successfully purchasing a short-sale home.

Patience is necessary to accomplish the home purchase.
Work with a professional real estate agent familiar with short sales. (Give us a call to assign us as your buyer's agent.)
With your agent's expertise, educate yourself on the true market value of the home.
Realize that the sellers (and their lender) will make no money on the sale of the home.
Understand that the lender is more likely to accept the short sale if foreclosing on the property would cost even more.
Be willing to renegotiate the purchase price if the lender sends a counterproposal through the seller's real estate agent.
Be very flexible in your closing/settlement date since few short sales close in 30-60 days as typical home sales often do.

If you are considering buying a short sale, please call Linda Tremblay or Marcie Purcell

Foreclosure, Short Sales, & Loan Modifications In Bucks & Montgomery Counties Pennsylvania

Wed, 02 Dec 2009 10:15:59 -0600

Marcie is very knowledgable on short sales, foreclosures and modifying mortgages.

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

One Of The Hardest Things About This Economy Is Paying The Bills. For Most People The Biggest Bill Is Your Mortgage. No Matter How Hard You May Try It May Be Impossible To Pay. This Will Leave Most People Stressed Out And Left Not Knowing What To Do. Here Are Some Options That May Be Helpful To Bring You Some Answers That Are Much Needed. Not Everyone Is What You May Want To Hear But Think About Your Future. Sometimes The Changes You Make Now Will Make The Future Look Brighter.

SHORT SALES: If You Know or Find Out Your Home Is Not Worth What You Owe On Your Mortgage Your Best Option Is To Do A Short Sale If You Need To Sell. Listen To Your Real Estate Agent About Pricing. The Closer You Are To Your Market Value The Better Chances Of An Offer. Make Sure You Or Your Real Estate Agents Gets The Paperwork For The Short Sale From Your Lender(s). The Short Sale Paperwork Is Questions On Why You Can No Longer Afford Your Loan. You Must Provide A Hardship Letter And Documentation On Income, Debits, & Assets. Once You Get An Offer The Bank Will Need To Approve It. You Will Still Be Able To Negotiate With The Buyer But The Bank Will Have Final Approval. The Bank May Also Counter The Offer.

LOAN MODIFICATION:What If You Were Out Of Work For Awhile But Have A New Job Now With Either Less Pay or While You Were Out Of Work You Got Behind On Your Payments? A Loan Modification Or A Refinance May Be What You Need. Whether You Had An ARM - Adjustable Rate Mortgage or Your Can't Afford Your Current Payment You May Qualify. Your Lender Will Send Out Paperwork Which Is Very Similar To The Short Sale Package. They Will Review What You Have Based On Income and Will Also Check Your Outstanding Debits Thru Your Credit Report. The Can Make Adjustments To Your Loan Amount. You Will Have A 3 Month Trial Period To Make Sure Your Payments Are On Time. Here is a Website That May Help You Understand More About Loan Modifications.

FORECLOSURE: In Pennsylvania, The Lender Must Send A Notice Of Intent To Foreclose Before Any Foreclosure Proceedings May Begin. The Notice Should Not Be Sent Until The Borrower Is At Least 60 Days Behind In Their Mortgage Payments. In The Notice, The Lender Must Make The Borrower Aware That His Or Her Mortgage Is In Default. This Notice Is Called An Act 91 Letter. Homes Are Sold By Sheriffs' Sale. If No One Bids At The Auction The Bank Will End Up Owning The Property. There is No Right Of Redemption Period In Pennsylvania.

Now That You Understand Your Options Please Feel Free To Call Marcie Purcell 215-534-2539 and Linda Tremblay 215-534-2369 with Long and Foster Real Estate, Inc. We Can Provide You With More Knowledge To Make Sure You Choose The Best Options For You!

New Listing Bank Owned / REO Bucks County PA For $225,000

Fri, 06 Nov 2009 09:52:37 -0600

Our new listing

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

2529 Old Bethlehem Pike Sellersville, PA 18960 Just Listed $225,000

New Listing! East Rockhill Township: Large 3 Bedroom 2.5 Bath 2200 Square Foot Single Home on 1 Acre. This Home Has A 3 Bay Detached Garage With A Second Story. Great Workshop & Storage. Large Shed. The Living Room is 19 x 17 Which Features A Stone River Rock Fireplace. There is A Newer Powder Room and Updated Kitchen on the Main Floor. The Second Floor Has 3 bedrooms and 2 Full Baths. There is an Attic For More Storage. The Exterior of The Home Has A Front Porch, Back Deck, & Vinyl Siding. Bank Owned Listing Sold As-Is.

Do you what to know about more bank owned homes, short sales and preforeclosure? Call Marcie Purcell 215-534-2539 & Linda Tremblay 215-534-2369. Great way to buy a fixer upper!

The New and Improved Home Buyer Tax Credit

Fri, 06 Nov 2009 09:46:20 -0600

Thanks to Claudette for writing this informative post.

Via Claudette Millette - Metrowest Mass Exclusive Buyer Broker (The Buyers' Counsel):

The much-anticipated extension to the home buyer tax credit has finally been approved. The Senate's vote yesterday resulted in a 98-0 win and today it was passed in the house. The bill now moves to the President's desk for a final signature.

First-time home buyers have been eligible for tax credits of up to $8,000 since last January as part of this year's economic stimulus package. The newly backed program will expand the credit to include existing home owners.

Under the revised program, those who have owned a home for at least five years will be able to apply for tax credits of up to $6,500 when they purchase their next home.  To qualify, buyers will have to sign a purchase agreement by April 30, 2010 and close by June 30.

The maximum purchase price on a home will be $800,000 with vacation homes not eligible. Income limitations are $125,000 for single tax payers and $225,000 for joint filers.

The National Association of Realtors (NAR) and the National Association of Home Builders (NAHB) have been lobbying hard for the extension and expansion of the tax credit. NAR claims that so far, about 1.4 million first-time homebuyers have qualified for the program and they estimated that 350,000 of these buyers would not have otherwise purchased.

The tax credit is also set to be extended for another year for military personnel serving outside of the United States until June 30, 2011.

Senator Johnny Isakson, who heavily pushed for the extension, along with his own version that would have increased the credit to $15,000 stated, "This is probably the last extension."

But, is this really true? When April 2011 comes around and the housing market is still not in full recovery mode, will the politicians be able to let this go and actually come to an end, or could it possibly become a more permanent subsidy?

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Copyright 2009 - Claudette Millette, Broker, Owner, TheBuyersCounsel - 800-392-1446  - E-mail

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Credit Score-raise it to help you get a good interest rate-pg one of monthly e-newsletter.

Sun, 01 Nov 2009 06:49:40 -0600

SCORE! Are you thinking about buying a home? Or know someone who is? Compared with a few years ago, today's lenders are looking for higher credit scores to approve mortgages and to offer the best rates. Getting the best interest rate on a mortgage means qualifying for a larger loan amount or a smaller monthly payment.

Many of our clients today are looking to move -- or are helping a family member buy a home in today's market. No matter if you are the buyer -- or you're helping an adult child or grandchild or niece, nephew, in-law or other relative -- knowing the new rules of credit is critical. That's why it's more important than ever for you or any borrower to keep a close eye on credit reports and do everything to improve one's credit score.

What's The Score?
Your credit score is an objective measure lenders use to assess your creditworthiness. It summarizes a number of different types of financial behaviors that can help predict whether you are likely to meet your repayment obligations. Information about you comes from the "Big Three" credit reporting agencies -- Equifax, Experian and TransUnion -- which receive reports from creditors (usually monthly) about how you pay your bills, what type of accounts you have, etc. That information is compiled and updated in your credit report.

Your credit score is developed using a mathematical formula that "weighs" various types of information in your credit report, depending on how well each type of information tends to predict credit behavior. For example, defaulting on a loan will affect your credit score a lot more than, say, two 30-day-late payments.

The scoring model most commonly used by lenders comes from FICO (formerly known as Fair Isaac & Co.). There are other scoring models, however.

What's Possible?
FICO scores can range from a low of 300 to a perfect score of 850, but some other models have slightly different ranges. Because not all lenders and credit agencies use exactly the same scoring model, your score can be different from one to another. In addition, credit reporting agencies may not all have exactly the same information about you, so that even if they use the same scoring model, the differing sets of input data will produce somewhat different scores. It's not uncommon for lenders to pull scores for you from all three reporting agencies to compare.

What's Good?
It's up to individual lenders to define what they consider to be a good credit score. As of mid-July this year, FICO reported that, on a national average, FICO scores of 760 and higher earned the lowest interest rates for a 30-year mortgage. Scores of 700 to 759 earned the next lowest rate. If you score below the mid-600s, you can expect to pay significantly higher interest rates and have greater difficulty getting credit.

Can It Change?
Credit scores change all the time, reflecting your changing balances, payments, etc. What's better: You can improve your score by understanding how the scoring models work. Although more than 100 variables are used in calculating your credit score, there are five major categories of important credit information reflected in a FICO score, as ranked below in order of importance:

Late payments, delinquencies, bankruptcies -- about 35% of your score. Failing to pay creditors as scheduled is a red flag to lenders. What guarantee do they have that you won't do so again? The more recent a late or missed payment is, the more it will affect your score, since it implies a current trend that could affect the new lender.

Tip: If you can't make a payment, or if you've missed one by accident, notify the creditor immediately to see if something can be worked out to keep the incident off your credit report.
Outstanding debt -- about 30%. People who are heavily extended with too much outstanding credit tend to be higher risks than those who use credit conservatively. For example, someone using 75% of his or her available credit represents a greater risk than someone who is using only 20%.

Tip: Pay down balances to keep credit use below 20% of your credit limits. Limit the number of open credit accounts to less than five or six.
Length of credit history -- about 15%. The longer your credit history, the better. Still, having a relatively brief record of credit doesn't automatically mean higher risk. What carries the most weight is how you pay bills and how extended you are on your available credit.

Tip: If you're thinking of closing some credit accounts, keep the oldest ones open to show a long (and good) track record. Note, however, that closing an account will not remove it from your credit report, at least for several years.
New applications for credit (inquiries) -- about 10%. When you are shopping for credit -- mortgage, car, credit card, etc. -- lenders will inquire about your credit history (only with your permission, of course). While a single lender inquiry could lower your score slightly, say by 5 points, a number of inquiries for different types of credit could lower your score much more. The reason: Lenders may suspect other credit obligations exist that have yet to appear on your credit report, or that you've been rejected by other lenders.

Tip: Don't apply for credit accounts while you are trying to secure mortgage financing or before your mortgage is closed/settled. Also, to minimize the impact on the credit score, FICO recommends that consumers shopping for a particular type of credit should concentrate their efforts so all credit inquiries show up in a fairly compressed time frame -- not longer than 45 days -- and can be related to a single reason, such as a home purchase or refinancing.
Other factors -- about 10%. Some minor factors can also influence your score. For example, the FICO model adds points for having a mix of credit types, such as installment loans, credit cards and lines of credit (provided, of course, they've all been handled responsibly).

Is It All About The Score?
Actually, lenders look at more than just your credit score when evaluating your loan application. Once your application is complete, it is usually examined by an automated underwriting system and by actual human beings! Both Freddie Mac and Fannie Mae (the nation's two largest mortgage funding entities) advise lenders that applications should not be approved or declined based only on credit scores.

Just as you regularly take care of your health, your home and your car, make sure your credit stays in good repair by checking it periodically and attending to any problems or inaccuracies right away. Doing so could make all the difference when it comes time for you to buy a home.

Check Your Credit Reports
You are entitled to one free credit report annually from each of the major credit reporting companies -- Equifax, Experian, TransUnion. To request your reports, go to www.AnnualCreditReport.com or call (877) 322-8228.

If you are considering buying or selling a home in the Bucks-Montgomery County area, call Linda Tremblay and Marcie Purcell. We are looking forward to helping you with all your real estate needs.

Cabin Run Estates located in Plumstead Township, Bucks County PA

Fri, 30 Oct 2009 09:49:25 -0500

Cabin Run Estates is a residential development located off Stump Rd in Plumstead Township. It was built in the mid 90s and consists of townhouse and singles. The development offers public water and sewer, sidewalks, streetlights and a bike path. Residents from the neighborhood are part of the desirable Central Bucks School District.

TOWNHOMES: The townhouses in the development were built by Sal Lapio and are not part of any home owners association. They range in size from 1500 to 2000 sq ft of living space. Most are 3 or 4 bedroom models with 2 1/2 baths. There is one home available as of today, October 30, 2009. It is listed for $272,900. Recent sales have ranged between $225,000 to $265,000, depending on size and condition.

SINGLES: The single homes were built by C&M Home Builders. There are 3 or 4 bedroom homes ranging between 1900 and 2600 sq feet and situated on .20 to .40 acres. Currently, there are 3 homes available for sale ranging between $364,900 and $379,900. The recent sales have ranged anywhere $315,000 (three bedroom with a one car garage) and $373,000 (four bedroom with a two car garage)

If you are interested in looking for a home in Plumstead Township or neighboring areas, please call Linda Tremblay and Marcie Purcell. We are kiikuilooking forward to assisting you with all your real estate needs,

For The Dog Lover In All Of Us

Thu, 29 Oct 2009 19:31:42 -0500

This is just plain cute

Via Gary Woltal - Associate Broker REALTOR® Dallas Ft. Worth (Keller Williams Realty):

New Dog Breeds

The following breeds are now recognized by the AKC:

Collie + Lhasa Apso = Collapso, a dog that folds up easy for transporting

Spitz + Chow Chow = Spitz-Chow, a dog that throws up alot

Pointer + Setter = Poinsetter, a traditional Christmas pet

Great Pyrenees + Dachshund = Pyradachs, a puzzling breed

Pekingnese + Lhasa Apso = Peekasso, an abstract dog

Irish Water Spaniel + English Springer Spaniel = Irish Springer, a dog fresh and clean as a whistle

Newfoundland + Basset Hound = Newfound Asset Hound, a dog for financial advisors

Terrier + Bulldog = Terribull, a dog that makes awful mistakes

Bloodhound + Labrador = Blabador, not a popular dog with CIA agents

Malamute + Pointer = Moot Point, owned by... oh, well, it doesn't matter anyway

Collie + Malamute = Commute, a dog that travels to work

Deerhound + Terrier = Derriere, a dog that's true to the end

3rd Quarter 2009 Market statistics for Quakertown School District.

Wed, 28 Oct 2009 14:17:07 -0500

Listed below are the third quarter of 2009 market statistics for the Quakertown School District, including Quakertown Borough, Trumbauersville Borough, Richlandtown Borough, Richland Township, Haycock Township and Milford Township. These statistics are for residential properties priced up to one million dollars and do not include commercial sales or sales of multi-units.

Market Statistics

Monthly Statistics for the Date Range Selected

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
Sep 2009	55	16,311,450	296,571	43	26	5,278,900	203,034	85
Aug 2009	72	19,828,790	275,399	31	43	9,562,400	222,381	96
July 2009	56	14,211,762	253,781	33	41	10,212,990	249,097	91

Totals:	183	50,352,002	275,147	107	110	25,054,290	227,766	91

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices	Maximum Prices	Average Prices
Original List Price : $124,900	Original List Price: $749,000	Original List Price: $243,339
Sold Price : $90,000	Sold Price: $705,000	Sold Price: $227,766

During the same time period of 2008, there were 70 houses sold with an average sold price of $257,964. It took approximately 104 days to sell a home.

Prices are still low and there are some great deals out there. Interest rates are still at a historic low. It really is a GREAT time to buy a home. If you decide that now is the time for you to buy, call Linda Tremblay and Marcie Purcell. We are looking forward to working with you and helping you to purchase your new home.

Real Estate market statistics for the Central Bucks School District (3rd quarter 2009(

Wed, 28 Oct 2009 12:49:15 -0500

Listed below are the market statiestics for residential resales in the Central Bucks School District during the third quarter of 2009. This includes Doylestown Borough, Doylestown Township, New Britain Borough, New Britain Township, Chalfont Borough, Buckingham Township, Plumstead Township, Warrington Township and Warwick Township. The statistics are for residential resales up to One Million dollars and do not include commercial or multiple unit homes.

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
Sep 2009	198	84,011,144	424,298	127	103	36,353,593	352,947	104
Aug 2009	156	65,616,135	420,616	100	128	48,547,990	379,281	79
July 2009	206	82,693,134	401,422	113	129	50,368,270	390,451	81

Totals:	560	232,320,413	414,857	340	360	135,269,853	375,749	87

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices	Maximum Prices	Average Prices
Original List Price : $2,450	Original List Price: $1,199,000	Original List Price: $409,107
Sold Price : $2,450	Sold Price: $1,000,000	Sold Price: $375,749

During the same timeframe in the year 2008, there were 337 homes sold for an average sale price of $410,683 and it took approximately 71 day on the market to sell.

Prices are still low although they are easing up. There are some very good deals out there and the interest rate is historically low. It is a GREAT time to buy a home. If you are ready, call Linda Tremblay and Marcie Purcell. We are looking forward to working with you.

Price Reduction to $379,900 in Quakertown Bucks County!!! Great Value to Live Out In The Country

Wed, 28 Oct 2009 12:18:26 -0500

Price reduction. This is great home.

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

Marcie Purcell | Long & Foster Real Estate, Inc. | marciepurcell@yahoo.com | 215-534-2539

1304 E Sawmill Road, Quakertown, PA

Large Haycock Township Contemporary For Nature Lovers !

4BR/2BA Single Family House

offered at $379,900

Year Built 1977

Sq Footage 3,066

Bedrooms 4

Bathrooms 2 full, 0 partial

Floors Unspecified

Parking 4+ Car garage

Lot Size 1.12 acres

HOA/Maint $0 per month

DESCRIPTION

Welcome To Unique Contemporary 4 Bedroom 2 Bath Home In Haycock Township On 1.12 Acres Spacious Rooms And Natural Light Flows Thru Out The Home To Give It That Bright And Cheery Feel. Your Dreams Have Come True With The Master Bedroom Suite Featuring A Wonderful Bathroom, Huge Walk In Closet, Sitting Area, & Balcony. Entertain All Your Guest From The Family Room That Leads Out To A Glorious Patio Into Your Nature Filled Backyard. The Property Backs Up To Lake Towhee Park. Curly Up Near The Sunk In Fireplace Area With A Great Book. Cook A Great Meal And Serve It In Formal Dining Room. Relax In The Den Upstairs And Glaze Out To See The Peaceful Views. Bring The Boat To Use At Lake Nockamixon Or Your Antique Cars Is An Oversized 2 Car Attached Garage And 1 Car Detached. Call This Home Sweet Home Today! Virtual Tour & More Pictures Coming Soon.Call Marcie Purcell 215-534-2539 & Linda Tremblay: 215-534-2369 Long and Foster Real Estate, Inc. Doylestown: 215-348-000 & Quakertown: 215-536-7070

see additional photos below

PROPERTY FEATURES

- Central A/C - Fireplace - High/Vaulted ceiling

- Walk-in closet - Family room - Living room

- Dining room - Dishwasher - Refrigerator

- Stove/Oven - Washer - Dryer

- Laundry area - garage - Balcony, Deck, or Patio - Yard

OTHER SPECIAL FEATURES

- Visit http://www.HomesInHaycock.com

ADDITIONAL PHOTOS

Photo 1

Photo 2

Photo 3

Photo 4

Photo 5

Photo 6

Contact info:

Marcie Purcell

Long & Foster Real Estate, Inc.

marciepurcell@yahoo.com

215-534-2539

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 22, 2009, 6:31am PDT

Quakertown Halloween Parade postponed until October 25 due to bad weather.

Sun, 18 Oct 2009 15:55:52 -0500

The annual Halloween parade that was scheduled for today, October 18 at 2PM has been postponed until next Sunday, October 25 at 2PM. This is always a fun time. There are usually entries from the local fire departments, Miss Cindy's School of dance, local bands, local businesses and even politicians. The parade participants throw lots of candy to the children lining the roads to watch the parade, while businesses give out coupons or information from their business. Marci and I will be handing out some trick or treat bags and hope to see you there.

If you are planning on attending the parade and want to help the community, you can drop off some can goods or other shelf staple foods at the Long & Foster Real Estate, located at 523 W. Broad St. It is the drop off spot selected by the Bucks County Association of Realtors. The donations will be given to the local food banks and shelters.

If you are thinking about moving to, from or within the Quakertown real estate market, call or email Linda Tremblay and Marcie Purcell. We can help with all your real estate needs.

Bucks County PA Gems Could Be Yours! It is A Great Time To Buy!

Sun, 18 Oct 2009 15:33:05 -0500

If you are looking for a good deal in Haycock Township, we have two nice listings for you to consider.

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

Two Great Home For Sale In Haycock Township, Bucks County PA

Listed By Marcie Purcell & Linda Tremblay

Long & Foster Real Estate, Inc.

Learn More About Haycock @ Homes In Haycock !

Call Us To See These Property: Marcie at 215-534-2539 or Linda at 215-534-2369

1304 E Sawmill Road Quakertown, PA 18951 $390,000

View Virtual Tour HERE!!!!

Welcome To Unique Contemporary 4 Bedroom 2 Bath Home In Haycock Township On 1.12 Acres Spacious Rooms And Natural Light Flows Thru Out The Home To Give It That Bright And Cheery Feel. Your Dreams Have Come True With The Master Bedroom Suite Featuring A Wonderful Bathroom, Huge Walk In Closet, Sitting Area, & Balcony. Entertain All Your Guest From The Family Room That Leads Out To A Glorious Patio Into Your Nature Filled Backyard. The Property Backs Up To Lake Towhee Park. Curly Up Near The Sunk In Fireplace Area With A Great Book. Cook A Great Meal And Serve It In Formal Dining Room. Relax In The Den Upstairs And Glaze Out To See The Peaceful Views. Bring The Boat To Use At Lake Nockamixon Or Your Antique Cars Is An Oversized 2 Car Attached Garage And 1 Car Detached. Call This Home Sweet Home Today!

908 Golf Course Road Quakertown, PA 18951 $950,000

View A Virtual Tour HERE!!!

You Can Have It All! It's Right Here In Haycock Township Bucks County on 10.77 Acres. A Country Getaway With A Custom House, Pool, Barn, Workshop, & Land!!! This 4 Bedroom 2.5 Home Has A Spacious Eat In Kitchen, Formal Dining Room, Huge Elegant Living Room, Den With A Fireplace & Custom Woodwork. Screened In Patio For Though Summer Parties And Relaxing Evenings Next To The Inground Pool. The Upstairs of This Colonial Has A Master Suite With A Walk-In Closet & Double Sinks. The In-Law Suite Is Equipped With A Full Kitchen, Bath, Living Area, Bedroom, Screened In Porch With It Own Separate Entrance. This Totals 720 Sq ft & Has Its own Electric Meter. The Workshop Is 2208 Sq Ft With Electric & Heat. This Building Could Be For Housing Your Business Equipment, Cars/Boats, Or Art Studio. The 2 Stall Barn Completes Your Dreams To Finally Having The Horse You Always Wanted. Each Window Of This Home Provides Beautiful Views Of The Pastures & Woods For The True Country Feel And Peace You Deserve.

Summer Lea Hilltown Township Bucks County PA.. A Place To Call Home!

Sun, 18 Oct 2009 15:30:32 -0500

Written nicely by my partner, Marcie

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

Summer Lea is Located in Hilltown Township, PA. The Neighborhood is close to Sellersville, Perkasie, Silverdale, & Souderton. Hilltown Township is part of Pennridge School District.

Summer Lea was built by TH Properties. They are appx 6 years old. You can find Townhomes or Twins in the neighborhood. They Range from 1800 - 2100 Square Feet. They include a garage & basement. They are 3 bedrooms 2.5 baths. The taxes range from $4000-$5000 per year. There is an association fee of $69 months which includes lawn, trash, common grounds, & snow removal. There are playgrounds thru out the community.

You will find Gas Heat, Central Air, Public Water & Sewer for you utilities. The Master Bedrooms usually have a master bath, walk in closet & sometimes they have a sitting area. Some other options the builder offered were hardwood floors which you can find in certain homes. These are low maintenance living and have great outdoor spaces with decks and patios.

If You Are Looking To Buy or Sell A Home In Bucks County Contact Marcie Purcell 215-534-2539 & Linda Tremblay 215-534-2369 To See How Easy We It Can Be!

Summer Lea Hilltown Township Bucks County PA.. A Place To Call Home!

Sun, 18 Oct 2009 15:30:30 -0500

Written nicely by my partner, Marcie

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

Summer Lea is Located in Hilltown Township, PA. The Neighborhood is close to Sellersville, Perkasie, Silverdale, & Souderton. Hilltown Township is part of Pennridge School District.

Summer Lea was built by TH Properties. They are appx 6 years old. You can find Townhomes or Twins in the neighborhood. They Range from 1800 - 2100 Square Feet. They include a garage & basement. They are 3 bedrooms 2.5 baths. The taxes range from $4000-$5000 per year. There is an association fee of $69 months which includes lawn, trash, common grounds, & snow removal. There are playgrounds thru out the community.

You will find Gas Heat, Central Air, Public Water & Sewer for you utilities. The Master Bedrooms usually have a master bath, walk in closet & sometimes they have a sitting area. Some other options the builder offered were hardwood floors which you can find in certain homes. These are low maintenance living and have great outdoor spaces with decks and patios.

If You Are Looking To Buy or Sell A Home In Bucks County Contact Marcie Purcell 215-534-2539 & Linda Tremblay 215-534-2369 To See How Easy We It Can Be!

In losing a house, they found a home.

Mon, 05 Oct 2009 19:10:56 -0500

Compliments of Jason Sardi, who my partner Marcie and I had the pleasure of meeting at the Long and Foster grand opening of the Quakertown office.

Via Jason Sardi, Mortgage Banker (FHA-VA-USDA-Conventional-Pennsylvania Loans):

A faded bush did appear, thick in foliage to any seer. It won't quite disappear, that foliage that I no longer fear.

      ~Gunther Moses~

If you think buying a home can be scary, try renting a house. We hear stories daily on the obstacles present when buying and then closing on a home. The fact is that once you own it, you freaking own it. You own its troubles, its grace, its everything... for the most part, it's your place. But if you are renting it ...

There's a little story I'd like to share. The participants are Lee & Shannon. They rented their house for five years. During that time, their Landlord seemed difficult, if not totally obnoxious. If something went wrong with the house, phone calls went ignored and any communication from said party seemed obsolete. However, when the rent was due, that Landlord was always available. And 'he would get back to them in a few days' concerning any problems with the house. Of course that 'few days' turned into the next month when rent was due. Yet again, the rent would be paid and the landlord skated around handling any problem with the living conditions.

Patterns persist.

Leaky facets, clogged drains, faulty electrical outlets, and a lack of hot water were only minor areas of inconvenience. Luckily, Lee knew how to deal with most of that type of stuff. But when the basement was flooded by a particularly feeble bout of rain and phone call after email after phone call to the Landlord went unanswered, the floodgates of change called their name. When they got a letter from the Mortgage Company to start making their payments directly to them, that calling started to scream.

Home-ownership had been a dirty word to Lee & Shannon for quite sometime. They had been content with renting. Truth be told, they had owned one over 5 years back and were put into an adjustable rate mortgage at the time. While a nice option for some people, it didn't turn out that way for them. It happened to be a treatment for buying over their heads. Lee & Shannon got out and thankfully suffered no severe credit ramifications from the experience. But they did suffer a very bad taste of what owning a home is all about.

With their rental situation in limbo, they opened all doors to make sure a roof was above their head.

From this front, they found a Mortgage Guy and I forget his name... though I remember the last name rhymed with 'Party'. ;)  They compared the cost to rent vs. the cost to own in the price range of their particular area and financial ability to afford such. Not surprisingly, the numbers weren't so different. In fact, with lower home prices and interest rates to write your Aunt Susie about, it turned out that buying a home would be a cheaper expedition... at least in regards to monthly payment. Sure, leaky facets, clogged drains, faulty electrical outlets, and a lack of hot water could become an issue down the road, yet a Home Inspection intertwined with Lee's ability to deal with such things left a better taste of what owning a home could become.

They closed on their home on November 30th, 2009.

Oh the glory, the romance of that day. A fear arrived and was dead upon display. It didn't take a smile, nor new-born tear, yet for the rest of the story... you may want to click here.

      ~Gunther Moses~

10 Ways Even Smart Sellers Kill Their Home Sales In Today's Buyer's Market

Mon, 05 Oct 2009 19:07:50 -0500

SELLING MISTAKES Article one from my monthly e-newsletter.

If you're intent on selling your home in today's market, you can't afford to make mistakes. After all, there's no shortage of competition from other home sellers who also hope to attract a purchase offer at a reasonable price.

In working with home sellers in today's new market, we've seen what helps sellers accomplish their goal -- and what doesn't. Here are the key issues you should pay attention to so as not to undermine the sale of your home.

Overpricing. The first few weeks on the market are critical to your home's sale. Buyers who've been comparison shopping for a home are eager to see new listings, hoping the home they seek (and can afford) will finally materialize. If your home comes on the market at a too-high price compared with other properties in the area, buyers will simply bypass your home. Days or weeks down the road you'll likely have to lower your price, perhaps even below market, to get any attention from buyers.
Selling without representation. Some home sellers are tempted to try the For Sale By Owner (FSBO) route in order to avoid paying a sales commission. While that is certainly understandable, testing the waters as a FSBO works to your disadvantage in the long run.

First, buyers expect FSBOs to be priced lower than homes sold through a real estate broker.

Second, few sellers are able to generate the kind of marketing exposure that brokers and agents (like us!) can give your home. That means a smaller pool of potential buyers and the headaches of marketing your home 24/7 without our professional network to back you up.

Third, if you find you can't sell your home on your own at a price you can live with, your next choice is to contract for a real estate broker to represent you. The buyers who didn't purchase your home at the price you asked while it was a FSBO will certainly not consider your home at a better price simply because you re-market it with a broker.
Poor condition. With so many homes to choose from, buyers quickly cross a home off their list if it is not in good repair or even if it's simply "showing its age." Make sure all systems, the roof, appliances, flooring and other components (windows, doors, lights, fans, electrical outlets, etc.) are in good shape and working properly. Also consider replacing treatments or fixtures that appear worn or out of style; replacing wallpaper with a neutral-color paint; repainting non-neutral-color walls.
Too much stuff. A home filled with too many pieces of furniture and too many knick-knacks feels crowded and messy. Pare your belongings down to declutter flat surfaces, open up traffic patterns, and create space in closets, cupboards and storage areas. (If you're not ready to part with things permanently, store them off the property -- a friend's place, portable storage, self-storage bay, etc. -- until it's time to move.) Be sure to put away personal items that associate you with the property (photos, awards, etc.) so potential buyers can better visualize the home as theirs, not yours.
Uncleanliness. Buyers are quickly turned off by dirt and odors. Give your home a thorough cleaning, top to bottom, inside and out. Then keep it that way. Don't forget the windows!
Unattractive exterior. Curb appeal is critical to getting buyers out of their cars for a look inside your home. A simple, clean, well-maintained look attracts interest. Less is more in most cases -- remove weeds and overgrown shrubs; keep the lawn clipped, edged, watered and fertilized; trim trees and shrubs; remove "yard art" and clutter. (A single pot of flowers and a fresh welcome mat near the front door may be all the decoration you need.) Consider power-washing your home's exterior or giving it a fresh coat of paint, if needed.
Restricting access. The more easily a potential buyer can tour your home, the more showings you are likely to have. Follow the norm in your area, and for your type of home, as far as what days and hours the home is available for showings, whether you request advance notification or that your agent be contacted first, whether to use a lock box, etc. (We'll be happy to make recommendations.)
Being present during showings. Today's buyers often feel uncomfortable examining a home while the sellers are present. Not only does your presence chill their inclination to take a thorough look, they'll also be less likely to verbalize their impressions of your home as they tour it. In addition, it isn't uncommon for sellers to impart information of one sort or another that buyers react unfavorably to or that hurt the sellers when it comes time to negotiate a contract. Even if you just step next door to a neighbor's home, make plans to be elsewhere when interested buyers come to visit.
Misrepresenting your home. Be sure to comply with local disclosure laws (we'll tell you what is required). Hiding a problem (e.g., placing a piece of furniture over a large water stain) only causes problems later, when your buyers have the home inspected or do a final walk-through before closing/settlement.
Being inflexible. It is particularly important at the negotiating table to consider all the elements of a purchase contract presented by the buyers -- and whether together they meet your needs. Resist the urge to get hung-up on small things -- such as which items convey with the property. It may help to assign an actual dollar amount to every item negotiated. For example, if the buyer wants occupancy a month earlier than you want to move, how much would it cost you to fulfill the buyer's request? Is that cost and inconvenience worth it -- given all the terms of the offer -- to get your home sold?

We are ready to help you avoid the kinds of problems that throw a wrench in the process of selling your home. Give us a call and we'll be happy to develop -- at no obligation to you -- a complete marketing plan to get your home sold quickly and at a fair price in today's buyer's market. For assistance with your real estate needs in Bucks and Mongomery Counties, call Linda Tremblay or Marcie Purcell. We are here for you.

Long & Foster in Quakertown is the official drop off location for the annual Food Drive

Mon, 05 Oct 2009 10:00:25 -0500

Long and Foster's Quakertown office is the official drop off spot for the Realtor's Reach Out Annual food drive, being held October 1-October 31) to benefit the local food pantries and local shelters. Please bring cans or shelf staples to the office located at 523 W. Broad Street. With the tough economic times, there are many local families who are counting on the food pantries to feed their family.

If you and your neighbors can spare just one or two cans and drop them off, your help would be appreciated. If you would like to donate and can not get to our office, pleasse call us at 215-536-7070 and we will send someone to pick it up.

1304 E Sawmill Rd Quakertown PA, 18951

Mon, 05 Oct 2009 09:42:02 -0500

The open house has already be held, but if you would like to walk through this home, call or email me.

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

Marcie Purcell | Long & Foster Real Estate, Inc. | marciepurcell@yahoo.com | 215-534-2539

1304 E Sawmill Road, Quakertown, PA

Large Haycock Township Contemporary For Nature Lovers !

4BR/2BA Single Family House

offered at $390,000

Year Built 1977

Sq Footage 3,066

Bedrooms 4

Bathrooms 2 full, 0 partial

Floors Unspecified

Parking 4+ Car garage

Lot Size 1.12 acres

HOA/Maint $0 per month

DESCRIPTION

Welcome To Unique Contemporary 4 Bedroom 2 Bath Home In Haycock Township On 1.12 Acres Spacious Rooms And Natural Light Flows Thru Out The Home To Give It That Bright And Cheery Feel. Your Dreams Have Come True With The Master Bedroom Suite Featuring A Wonderful Bathroom, Huge Walk In Closet, Sitting Area, & Balcony. Entertain All Your Guest From The Family Room That Leads Out To A Glorious Patio Into Your Nature Filled Backyard. The Property Backs Up To Lake Towhee Park. Curly Up Near The Sunk In Fireplace Area With A Great Book. Cook A Great Meal And Serve It In Formal Dining Room. Relax In The Den Upstairs And Glaze Out To See The Peaceful Views. Bring The Boat To Use At Lake Nockamixon Or Your Antique Cars Is An Oversized 2 Car Attached Garage And 1 Car Detached. Call This Home Sweet Home Today! Virtual Tour & More Pictures Coming Soon.Call Marcie Purcell 215-534-2539 & Linda Tremblay: 215-534-2369 Long and Foster Real Estate, Inc. Doylestown: 215-348-000 & Quakertown: 215-536-7070

see additional photos below

PROPERTY FEATURES

- Central A/C - Fireplace - High/Vaulted ceiling

- Walk-in closet - Family room - Living room

- Dining room - Dishwasher - Refrigerator

- Stove/Oven - Washer - Dryer

- Laundry area - garage - Balcony, Deck, or Patio - Yard

OTHER SPECIAL FEATURES

- Visit http://www.HomesInHaycock.com

ADDITIONAL PHOTOS

Photo 1

Photo 2

Photo 3

Photo 4

Photo 5

Photo 6

Contact info:

Marcie Purcell

Long & Foster Real Estate, Inc.

marciepurcell@yahoo.com

215-534-2539

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 2, 2009, 9:53am PDT

I can’t tell you that? WHY NOT? Who does the listing agent really represent?

Mon, 28 Sep 2009 09:29:25 -0500

Buyers: please remember that the listing agent is working for and representing the seller. Do not think you can get a better deal by calling them. Hire a Buyer Representative.

Sellers: Make sure that you hire someone who represents you & your best interests. Make sure they market your home aggressively.

Via Todd Clark (Broker/Sales Coach), GRI (Beaverton, Oregon Real Estate Expert) (Palazzo Realty Group):

Have you ever called on a listing that already has an offer on it and asked, “So, how much is the other offer?” We all know the answer we normally get, “Sorry, I can’t tell you that.” Well, today I want to ask you a question…

WHY NOT?

As a listing agent, my job is to get the most for my seller and if I think I can get more for my seller by telling the buyer’s agent how much the other offer is, guess what I’m doing? I am not going to hide the other offer from another buyer, I don’t represent them. I don’t have a financial obligation to try to make sure their offer is accepted.

I’M HIRED TO GET THE MOST FOR THE SELLER!

So, if you hire me to sell your home, I’m going to do everything in my power to get you the most amount of money for it. If I run in to a situation where there are multiple offers, (Which we have been seeing lately) I’m going to work to get you the most money and if that means getting buyers to put in a higher offer by telling them what all the offers are, then I’m going to do exactly that!

Are you a listing agent? Do you tell potential buyers what the other offers are? Now, if I get a lowball offer in, I’m not going to say a thing, but if it is full price or really close to it, I’m going to speak up and tell the other agent that they had better put a full price offer in if their buyers stand a chance at all of getting this home.

Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739

©2009 Todd Clark - I can’t tell you that? WHY NOT? Who does the listing agent really represent?

Autumn Alive and Pet Parade Saturday October 3, 2009

Mon, 28 Sep 2009 08:40:52 -0500

October 3rd from 10:00 - 4:00

Quakertown Alive! will be celebrating their tenth annual Autumn Alive, as well as the first Broad Street Pet Parade with contest categories and prizes on Saturday October 3, 2009 from 10 AM until 4 PM. Some of the catorgories will be Best Costume, Pet and Owner Look Alike, Ugliest Pet, Pet/Companion Team Costume, Best Pet Trick, & Best Theme.

There will also be live entertainment including : Miss Cindy's School of Dance, a Southern Rock Concert by UBACE, Felicia Rose, Mike Greer & Co Band, and a dramatic oetry reading by FOUR. In addition there will be kid's activities and rides, & Wackadoodle the Clown.

Food booths from unique food vendors and a grower's market will also be present to fill your need for food. There will be exhibits of flameworked glassmaking,, carriage rides, a scarecrow contes, Dog & cat rescue groups and much more.

Local stores and restaurants will add to the excitement for festival-goers with special sales. Join us downtown for a fun-filled day for the entire family at Autumn Alive!

Complete and submit your Pet Parade Registration in advance to the Quakertown Alive! office at 15 Front Street, Quakertown, PA 18951. There is a fee of $5.00 per pet category in advance, or $8.00 each on the day of the event up to 12:45 p.m. Parade starts at 1:00 p.m.

If you visit the festival and find that you would like to move to the Quakertown area, please call Linda Tremblay and Marcie Purcell of Long and Foster real Estate. We live and woek in the area and would love to help with all your real estate needs.

HURRY! HURRY! HURRY! Time Is Running Out!!

Wed, 23 Sep 2009 13:26:42 -0500

Compliments of Brigita.

Via Brigita McKelvie - Lehigh Valley, PA, Residential, Rural & Horse Properties (Keller Williams Real Estate):

Hurry! Hurry! Hurry! Time is running out!! Step right up before it is too late.

The first-time home buyers tax credit is ending soon. The home MUST be SOLD by November 30th to take advantage of it. This means that it needs to be under contract by September 30th, at the latest, to allow for inspections, mortgage commitments, appraisals, etc.

What are the basics about the first-time home buyers credit?

It is a tax credit of up to $8,000 for those who settle on a home before November 30th. You can choose to claim the tax credit on either your 2008 or 2009 income tax return.

The credit is 10% of the purchase price of the home with a maximum of $8,000. Vacation homes and rental property do not qualify, only your primary residence and only to taxpayers who have not owned another principal residence at any time during the 3 years prior to the date of purchase.

There are income limits. The credit is reduced or eliminated for high-income taxpayers. The credit is phased out based on your modified adjusted gross income. For a married couple filing jointly, the range is $150,000 - $170,000. For other taxpayers filing individually, it is $75,000 - $95,000. What this means is that the full credit is available for married couples filing jointly earning $150,000 or less and for individuals earning $75,000 or less.

Take advantage of this tax credit before it is too late. This opportunity may pass you by forever!

You Are All Invited To Our Grand Opening At Long & Foster in Quakertown!!!!!

Mon, 14 Sep 2009 11:38:50 -0500

Invitation to Realtors and the Public. Stop in

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

The New Long & Foster Real Estate Office Is Open & Selling Homes!!!

Come To Our Grand Opening On Thursday, September 17, 2009

The Office Is Located At 523 West Broad Street Quakertown, PA 18951

3:00 P.M. - 8:00 P.M.

Support Your Local Realtors, Meet New People, and Eat Some Tasty Food.

Open To The Public! Hope To See You There.

The New Long & Foster Real Estate Office Open & Selling Homes!!!

OPEN 7 Days A Week!!!
The Hours Are Monday-Friday 9:00 AM-6:00 PM Saturday & Sunday 9:00-4:00

Call Us At 215-536-7070

Stop In or Give Us A Call And Receive Excellent Customer Service And Knowledgable Real Estate Agents To Help You Buy Your Next Or Sell Your Current One!

Ask For Marcie Purcell Direct: 215-534-2539 & Linda Tremblay Direct:215-534-2369

Just Listed! Beautiful Contemporary In Bucks County, PA

Wed, 09 Sep 2009 10:46:22 -0500

Marcie and I have a new listing in Haycock. This home is special!

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

JUST LISTED 1304 E Sawmill Road Quakertown, PA 18951 $400,000

Nature Lovers Will Love This Home! Wildlife, Lake Nockamixon, Lake Towhee Nature Center In Your Backyard, Trees, Peace & Quiet!

Welcome To Unique Contemporary 4 Bedroom 2 Bath Home In Haycock Township On 1.12 Acres Spacious Rooms And Natural Light Flows Thru Out The Home To Give It That Bright And Cheery Feel. Your Dreams Have Come True With The Master Bedroom Suite Featuring A Wonderful Bathroom, Huge Walk In Closet, Sitting Area, & Balcony. Entertain All Your Guest From The Family Room That Leads Out To A Glorious Patio Into Your Nature Filled Backyard. The Property Backs Up To Lake Towhee Park. Curly Up Near The Sunk In Fireplace Area With A Great Book. Cook A Great Meal And Serve It In Formal Dining Room. Relax In The Den Upstairs And Glaze Out To See The Peaceful Views. Bring The Boat To Use At Lake Nockamixon Or Your Antique Cars Is An Oversized 2 Car Attached Garage And 1 Car Detached. Call This Home Sweet Home Today! Virtual Tour & More Pictures Coming Soon.

Listed By Marcie Purcell 215-534-2539 & Linda Tremblay 215-534-2369
Long and Foster Real Estate, Inc. Doylestown: 215-348-0000 & Quakertown: 215-536-7070

Visit http://www.HomesInHaycock.com For More Information on This Home & Haycock Township.

A Layman's View of the Proposed Health Care Bill (HR 3200) - Part Two (Title II, Subtitle A)

Wed, 02 Sep 2009 18:07:15 -0500

Here is part two of Jasonls view of the proposed health care bill. I really have to hand it to him. As I read over it, I find myself skipping the legalize that was written and going to Jason's notes to figure what the bill is saying. I , like Jason, feel that the bill should be written ln Layman's terms so the public and the congressional representatives can understand what it says.

Via Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653) (Austin Texas Homes, LLC):

In case you missed the first part of my full reading of the proposed health care bill HR 3200, here it is:

A Layman's View of the Proposed Health Care Bill (HR 3200) - I am reading through the whole thing....slowly

After my first post on this topic, I was a little surprised at how many emails and phone calls I received, the overwhelming majority of which were in support of what I am trying to accomplish. However, there were also a handful of not-so-nice messages mixed in. One person called me "naive" (I feel like I am probably closer to "hardened" sometimes), and I was told that I shouldn't express a layman's opinion on this topic, but listen to others instead. One person told me that I was ignoring the facts, and another one implied that I was being selfish. I guess my skin got a bit thicker over the past few days, because here is the latest installment. :) I don't expect everyone to agree with me, but at least you will see where I am getting my information.

Here's what I am actually trying to do:

I want to form an opinion for myself based exclusively on the facts, rather than listening to so-called experts on either side. I also hope to spur debate and discussion on this massive piece of proposed legislation.

In my opinion, everyone's ideas are filtered through their experiences and priorities. I have already shared what is important to me in my first post. I have an online network of almost 17,000 people who regularly pay attention to what I say (this comes from my involvement on multiple platforms). I am hoping to have at least a small impact on this critical debate. After all, this is one of the few things that will affect everyone in this country.

The post I wrote a couple of days ago (link above) was forwarded to a U.S. Congressmen, a national TV personality, and a link will be included in a newspaper article set to be published next week in a city up north. Additionally, it was re-posted on many blogs, and it was included in a massive email blast by one reader. If you don't yet understand how powerful blogging can be, let that sink in for a moment.

This is an even longer post than before, and I am only a little over 10% of the way through the bill. Without further ado, my observations are below.

_________________________________________________________________________

SEC. 201. ESTABLISHMENT OF HEALTH INSURANCE EXCHANGE; OUTLINE OF DUTIES; DEFINITIONS.

(b) Outline of Duties of Commissioner- In accordance with this subtitle and in coordination with appropriate Federal and State officials as provided under section 143(b), the Commissioner shall--

(1) under section 204 establish standards for, accept bids from, and negotiate and enter into contracts with, QHBP offering entities for the offering of health benefits plans through the Health Insurance Exchange, with different levels of benefits required under section 203, and including with respect to oversight and enforcement.

MY NOTE: Again, this seems to come back to the point I made in my original post. Isn't the insurance industry already regulated at the state level? I know that we have the Texas Department of Insurance for this stuff. I wonder if this will add another layer of regulation, or if it will shift to the federal level instead. As I mentioned previously, the newly-appointed Commissioner appears to have an amazing amount of responsibility and power.

SEC. 202. EXCHANGE-ELIGIBLE INDIVIDUALS AND EMPLOYERS.
(a) Access to Coverage- In accordance with this section, all individuals are eligible to obtain coverage through enrollment in an Exchange-participating health benefits plan offered through the Health Insurance Exchange unless such individuals are enrolled in another qualified health benefits plan or other acceptable coverage.

MY NOTE: Does this mean that only people with no insurance coverage at all are eligible, or does it mean that you have to cancel your current coverage if you are accepted into one of the health exchange plans? I think it probably means the latter, but the meaning is certainly not clear at this point. I hope this section is edited later.

(3) FAR NOT APPLICABLE- The provisions of the Federal Acquisition Regulation shall not apply to contracts between the Commissioner and QHBP offering entities for the offering of Exchange-participating health benefits plans under this title.

MY NOTE: I had to look this up to understand what the Federal Acquisition Regulation (FAR) actually does. Basically, this is in place to regulate the purchase of good and services by the federal government. Why is the Commissioner allowed to enter contracts without the normal safeguards in place for other agencies?

SEC 204 (b)(4) ENROLLMENT- The entity shall accept all enrollments under this subtitle, subject to such exceptions (such as capacity limitations) in accordance with the requirements under title I for a qualified health benefits plan. The entity shall notify the Commissioner if the entity projects or anticipates reaching such a capacity limitation that would result in a limitation in enrollment.

MY NOTE: Could someone explain to me why an insurance company would be limited to a specific number of enrollees? This seems like a bad business plan to me. I am just a real estate broker, but I think I would call this "a good problem to have", meaning that I would hire the necessary help to handle all of the clients that we have.

I don't think a provision should be included to allow companies to invoke this "capacity limitation" to avoid covering specific people. It seems like the type of thing that could easily lead to abuse.

SEC. 205. OUTREACH AND ENROLLMENT OF EXCHANGE-ELIGIBLE INDIVIDUALS AND EMPLOYERS IN EXCHANGE-PARTICIPATING HEALTH BENEFITS PLAN.

(b)(2)(B) SPECIAL ENROLLMENT- The Commissioner shall also provide for special enrollment periods to take into account special circumstances of individuals and employers, such as an individual who--

(i) loses acceptable coverage;

(ii) experiences a change in marital or other dependent status;

(iii) moves outside the service area of the Exchange-participating health benefits plan in which the individual is enrolled; or

(iv) experiences a significant change in income

MY NOTE: It's hard to argue with that section, but I'm sure someone will find a way to do so. :) Clearly, they are trying to make allowances for the current economic climate., which I can appreciate.

SEC. 205 (c)(2)(D) ensure that the Internet website described in subparagraph (A) and the information described in subparagraph (B) is developed using plain language (as defined in section 133(a)(2)).

MY NOTE: This section is one of several that allude to using "plain language" to describe benefits, etc. to the public. Why is it not possible to do this with the bill itself? I realize that this stuff is written by teams of attorneys, but this is something that will all of us, at least to some degree. I guess it just seems ironic to me.

SEC 205 (d)(1) COVERAGE FOR CERTAIN NEWBORNS

(A) IN GENERAL- In the case of a child born in the United States who at the time of birth is not otherwise covered under acceptable coverage, for the period of time beginning on the date of birth and ending on the date the child otherwise is covered under acceptable coverage (or, if earlier, the end of the month in which the 60-day period, beginning on the date of birth, ends), the child shall be deemed

(i) to be a non-traditional Medicaid eligible individual (as defined in subsection (e)(5)) for purposes of this division and Medicaid; and

(ii) to have elected to enroll in Medicaid through the application of paragraph (3).

2(B) EXTENDED TREATMENT AS TRADITIONAL MEDICAID ELIGIBLE INDIVIDUAL- In the case of a child described in subparagraph (A) who at the end of the period referred to in such subparagraph is not otherwise covered under acceptable coverage, the child shall be deemed (until such time as the child obtains such coverage or the State otherwise makes a determination of the child's eligibility for medical assistance under its Medicaid plan pursuant to section 1943(c)(1) of the Social Security Act) to be a traditional Medicaid eligible individual described in section 1902(l)(1)(B) of such Act

MY NOTE: As I read this last night, I saw a lot of potential for major political disagreement over these paragraphs. Since no distinction is made about the parents of the child born here in the U.S., this section would clearly cover newborns with parents who are here illegally, for at least the first 2 months. As it stands right now, no one can be denied care if they are admitted into an emergency room in the U.S. This is under the Emergency Medical Treatment and Active Labor Act (EMTALA), which requires hospitals and ambulance services to provide care to anyone needing emergency treatment regardless of citizenship, legal status or ability to pay. This section of the bill seems to grant even more benefits, providing for automatic coverage for anyone born on U.S. soil to be eligible for Medicare immediately. Please note that it doesn't provide this for anyone who already has insurance in place.

As a father of four, I am obviously in favor of taking care of babies, who are utterly helpless. However, I think this section has the potential to cause a huge influx of immigrants who want to take advantage of this loophole, once the word begins to spread. This is bothersome to me, and I hope this is clarified further as the bill progresses into committee discussion.

SEC. 206 (c)(1) (1) ESTABLISHMENT; APPOINTMENT.--There is hereby established the Office of the Special Inspector General for the Health Insurance Exchange, to be headed by a Special Inspector General for the Health Insurance Exchange (in this subsection referred to as the ''Special Inspector General'') to be appointed by the President, by and with the advice and consent of the Senate.

(2) DUTIES- The Special Inspector General shall--

(A) conduct, supervise, and coordinate audits, evaluations and investigations of the Health Insurance Exchange to protect the integrity of the Health Insurance Exchange, as well as the health and welfare of participants in the Exchange;

(B) report both to the Commissioner and to the Congress regarding program and management problems and recommendations to correct them;

(C) have other duties (described in paragraphs (2) and (3) of section 121 of division A of Public Law 110-343) in relation to the duties described in the previous subparagraphs; and

(D) have the authorities provided in section 6 of the Inspector General Act of 1978 in carrying out duties under this paragraph.

MY NOTE: I got excited while reading this section, because I thought it was finally going to provide for some accountability for the Commissioner, too. Unfortunately, this extra position that the bill seeks to create would REPORT to the Commissioner. Darn. This attempt at accountability is also controlled by the Commissioner, it seems.

Furthermore, the Inspector General position terminates completely after five years. And yes, I am sure. It doesn't say that it's a five-year term. It states, "(5) TERMINATION- The Office of the Special Inspector General shall terminate five years after the date of the enactment of this Act." Why is that?

SEC. 207. HEALTH INSURANCE EXCHANGE TRUST FUND.

(b) Payments From Trust Fund- The Commissioner shall pay from time to time from the Trust Fund such amounts as the Commissioner determines are necessary to make payments to operate the Health Insurance Exchange, including payments under subtitle C (relating to affordability credits).

NOTE: Again, this appears to give one person carte blanche to determine how much money is needed to run the exchange.

(c) Transfers to Trust Fund-

(1) DEDICATED PAYMENTS- There is hereby appropriated to the Trust Fund amounts equivalent to the following:

(A) TAXES ON INDIVIDUALS NOT OBTAINING ACCEPTABLE COVERAGE- The amounts received in the Treasury under section 59B of the Internal Revenue Code of 1986 (relating to requirement of health insurance coverage for individuals).

(B) EMPLOYMENT TAXES ON EMPLOYERS NOT PROVIDING ACCEPTABLE COVERAGE- The amounts received in the Treasury under section 3111(c) of the Internal Revenue Code of 1986 (relating to employers electing to not provide health benefits).

(C) EXCISE TAX ON FAILURES TO MEET CERTAIN HEALTH COVERAGE REQUIREMENTS- The amounts received in the Treasury under section 4980H(b) (relating to excise tax with respect to failure to meet health coverage participation requirements).

MY NOTES: Where do I start with this one? In a nutshell, each subparagraph here appears to refer to something that is either repealed or that they are hoping to create with the bill itself. Frankly, this seems to be lifted from a previous document, since some of the reference points are outdated.

Under section (A), it refers to amounts received under section 59B on the Internal Revenue Code of 1986. Because of the intriguing title of that subparagraph, I wanted to see what the Code actually says in that section. Based on my research today, it appears as though this section of the tax code was repealed on December 13, 1989. How is it possible to collect funds under a law that no longer exists?

Here's a link to one place that I found this, on the Cornell University Law School website:

http://www.law.cornell.edu/uscode/search/display.html?terms=59b&url=/uscode/html/uscode26/usc_sec_26_00000059---B000-.html

Under section (B), it refers to 3111 (c) of the same tax code. This bill appears to create that section as part of the federal tax code(i.e. did not exist before).

As for section (C), it seems as though this would also create a new section within the tax code. I found 4980G, but not H.

SEC. 208. OPTIONAL OPERATION OF STATE-BASED HEALTH INSURANCE EXCHANGES.

(b) Requirements for Approval -

(5) Such other requirements as the Commissioner may specify.

(2) TERMINATION; HEALTH INSURANCE EXCHANGE RESUMPTION OF FUNCTIONS- The Commissioner may terminate the approval (for some or all functions) of a State-based Health Insurance Exchange under this section if the Commissioner determines that such Exchange no longer meets the requirements of subsection (b) or is no longer capable of carrying out such functions in accordance with the requirements of this subtitle. In lieu of terminating such approval, the Commissioner may temporarily assume some or all functions of the State-based Health Insurance Exchange until such time as the Commissioner determines the State-based Health Insurance Exchange meets such requirements of subsection (b) and is capable of carrying out such functions in accordance with the requirements of this subtitle.

MY NOTE: I think I am detecting a theme here. What do you think? This basically says that the Health Commissioner can dictate whatever requirements he/she feels are necessary for a state-based health insurance exchange to operate. Then, it goes on in section (2) to state that the Commissioner can terminate an exchange with the same amount of unilateral power. Basically, if this bill is passed, states will only be allowed to operate programs if the Health Commissioner approves the program.

I have read through 115 pages as of today. I will return sometime soon with more of my input. Thanks for reading!

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TYPOS/MISTAKES I FOUND:

Sec. 202 (h) (3) REPORT- Not later than January 1 of Y3, in Y6, and thereafter, the Commissioner shall submit... wrong year listed?

Sec. 207 (c)(1)(C) Presumably, the words, "of the Internal Revenue Code of 1986" need to be added, in order to make this section consistent.



If you enjoyed this post, why not connect with me in these other communities?

Richlandtown, Bucks County Beauty Priced To Sell at $229,500

Tue, 01 Sep 2009 11:12:03 -0500

Unfortunately, the buyer's mortgage fell through and this lovely home is back on the market. Last time it was only available for 2 days before going under contract. Hurry, don't wait to walk through this home, It will not last.

Via Marcie Purcell, Bucks & Montgomery Co PA Realtor (Long and Foster Real Estate, Inc.):

WELCOME TO 13 E. Union Street Richlandtown, PA 18955

Don't Wait Any Longer; This Beautiful Home Can Be Yours! Welcome To This Three Bedroom, Two Full Bath Cape On .62 Acres. When You Walk In You Will Experience The Openness Of The Living Room & Dining Room Which Is Bright & Cheery. The Features Include An Updated Kitchen With Newer Cabinets, Cherry Hardwood Floors, & Soapstone Counters. There Is A Beautiful Spacious Bathroom With A Soaking Tub. Don't Miss The Pantry On The Way To The Basement On The Faux Stone Wall. The Finished Basement Serves As A Great Entertainment Room & Playroom. The Upstairs Includes Two Bedroom And Plenty Of Closet Space. You Will Be Stunned With The Size Of The Backyard Which Is Partial Fenced In. The Detached Garage Has Two Doors In The Front & The Rear For Easy Access From Each Side You Are Working From.

More Information On This Home And Other Homes In The Area Contact Marcie Purcell Direct: 215-534-2539 & Linda Tremblay Direct: 215-534-2369. Search Homes Anytime You Want at http://www.purcellsellshomes.com & http://www.buckspahomes.com