| |
Great stuff! It sure makes you think! Via Mike Bell, Broker - Realty World MBA: Owners that can actually make their loan payments, but choose to walk away, accounted for 1 in 4, or 25% of all foreclosures as of June 2009. That was over six months ago, and the numbers have probably gone up since the initial studies (these data can be easily verified via a quick Google search). Strategic default is an ethical dilemma, and the discussion is burning up cyberspace.
On one hand, there is a moral obligation to honor your contract. If you owe more than your house is worth, one way or other you gambled on your equity and came up short. Maybe you bought at the top of the market, or took out an equity line of credit and bought some stuff; a car or TV, or maybe even another house. Regardless, it’s not your lender’s fault that your property value went down. After all, if your property went up in value you wouldn’t turn around and give the bank extra, right? If you buy gold, and it loses value, you don’t get your money back, you wait it out. If you loan money to a friend, and he loses it all, you would still expect him to pay you back, especially if he can afford it. The value of a promise doesn’t flex due to circumstances, or whether you are the giver or the receiver. If you can make your house payments, it’s the right thing to do.
On the other hand, are the banks responsible for some of this mess? Should they share the burden? Didn’t they sort of tease us into all these high-risk loans and credit cards? In the first few years of the Y2K decade, the FED, major lenders, and real estate professionals convinced us that everybody in America could buy a home. They made you feel foolish if you didn’t. It was like manifest destiny, your birthright, your duty. You could get a home loan if you had a pulse. You could qualify just because you said so, no matter if you could actually afford one. Lenders didn’t seem to care if you were truthful in your loan application. Certainly they knew they were making questionable loans, gambling on equity just like us. Aren’t the financial institutions culpable, too? Didn’t they practically beg us into this?
The survival of our economy depends on everybody doing the right thing. Imagine the consequences if all borrowers that owe more than their house is worth but can afford the payments choose to walk away, or if all the lenders call in all the notes on properties that won’t appraise for the full amount.

Image via Wikipedia
So, who gets the free morality pass? Who gets to choose what’s fair? Is personal credibility negotiable? Is the golden rule irrelevant? Do we just step off when times get tough? Is this the new American paradigm?
Not surprisingly, real estate professionals are leading the charge in advising people to walk away. Not ironically, real estate professionals were leading the charge 4-6 years ago advising people take on these same loans. Whatever it takes to earn a fee. Maybe it’s time for an industry gut check.
Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
There is a great boating store in Cornelius, NC near Lake Norman called West Marine and they are currently having a HUGE sale!

Not only do they have boat supplies, but they have maps of the local fresh water lakes, boating safety, but they also carry guides and the boating rules of Lake Norman and North Carolina lakes. I often refer newcomers to the area to visit this store if they are going boating.
Mac and I have a 1 year membership and also unlimited towing because we save a ton of money when we buy boating supplies. We often go there for ropes, cleats, life jackets, sunglasses, watches, bumpers,and other cool lake gear.
Life jackets,bumpers, and ropes tend to walk off when you go to tie-ups frequently. We also have the boat towing because the boat is a 1978 Carver, so you never know when you'll need it! However, we've seen many newer boats get towed the last couple of years. Cross your fingers that you don't need it!
Visit them this week for awesome deals on Clearance items from Clothing to Wakeboards to Stereos to Fishing Reels and more get great prices in 2010. Don't miss out on the Gold Membership which gets you 4% back in Gift certificates, exclusive coupons and discounts for only $24 a year, add Unlimited Fresh Water Towing from Tow Boat US for the amazing price of $34 for a whole year.
20420 W Catawba Ave Cornelius, NC 28031-5255 PHONE: 704-895-5299 For store hours, please call the store directly. Street Map Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
Are you a lady in Lake Norman and looking to network, meet friends,mix n' mingle,and learn ways to save money? Then this event is for you!
Join us this Saturday February 20th from 5pm until 9pm for a our first Real Ladies of Lake Norman Event.
This is an event for women and businesses that cater to women. It's an opportunity for some of the businesses in the area to let you know more about their product or service and offer discounts and gift certificates as you mingle with the Ladies of Lake Norman over wine, martini's, cocktails, and light h'ordeurvres served by our all male staff for the duration of the event. A few of the businesses participating are Lavendar Boutique, Sweet Grass, Miche Bags, Bamboo Spa, Extreme Tan, Avalilly's Boutique, Diamond Pleasures, Joel's Asian Grill, and more.
We look forward to seeing you Saturday from 5pm-9pm at SkyBar for The Real Ladies of Lake Norman. SkyBar www.skybarlkn.com 704.663.2582
Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
I had the pleasure of taking part in the Queen's Feast this week at Dressler's restaurant in Birkdale Village and the food was amazing! Today is the last day, so I encourage my readers to make reservations to enjoy some wonderful food for a wonderful price!
Celebrate Queens Feast! For 10 days, Jan 22-31, take part in a spectacular 3 course dinner menu at participating Lake Norman and Charlotte area restaurants. http://www.charlotterestaurantweek.com/restaurants.html
Some of the Lake Norman restaurants include: 131 Main, Dressler's, Kabuto, Maddi's Bistro, Mickey & Mooch, Positano Osteria, Red Rocks, and T1 Tapas.
I think we'll try 131 Main or Melting Pot tonight! $30 per person!! wow!~ Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
Italian Wine Tasting at Campania Cafe
Feb 3 Wed 6:45 PM
Location Campania Cafe
416 S. Main St. Davidson, NC 28036 704-987-5111
How to find us "Pay at the counter when you arrive to get your name tag, then join us in the back room for the tasting."
Who's coming? 50 Yes / 0 Maybe
(no spots left, but a Waiting List is available)
Who's hosting? Lonnie and Sandy Aichner
Price
$15.00 per person refund policy

This continues to be one of our group's most popular events. Nancy DiGiorgio, co-owner of the Campania Cafe Italian Restaurant and Gourmet market, a cozy restaurant in the heart of Davidson, wants our group back for the tasting in February. For those who were unable to attend the prior months' events, I encourage you to read the comments from them. You will definitely want to be there in February!
I am happy to give our group the opportunity to try some truly excellent, but relatively inexpensive ($15-$30 a bottle) wines. The price for the event is $15, payable when you arrive, and in addition to the 5 wines served, a small individual appetizer tray with assorted goodies will be served for each participant.
The event is hosted by Mr. Ciro Marino. - He is one of the owners of Campania Cafe's wine distributor, Vino Vino. - He is formerly the chef/owner of the outstanding Campania restaurant in Pineville-Matthews area of Charlotte. - He grew up in Los Angeles, working and learning in his uncle's restaurants, which are well-known in LA. - Being Italian, he has lived in Italy for a good part of his life and enjoys sharing his knowledge of Italian wines.
Directions: From I-77 take exit 28 at Cornelius and go east (away from the lake) on Catawba Ave towards Old Statesville Rd. Catawba Ave ends at Old Statesville Rd. Turn left onto Old Statesville Rd and go about 0.8 miles and Campania Cafe will be on the left.
I have been to many tastings at this restaurant and I can tell you Ciro brings extensive knowledge and understanding of Italian wine making to the event, but not to the point where a wine novice like myself feels overwhelmed. Most attendees from previous events purchased at least 1 bottle, and I am certain this trend will continue as Ciro keeps bringing an excellent selection with him. The wine and food combined with excellent company make for a great evening every time. Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
| sandyisyouragent | RE/MAX Executive Realty | (704) 746-7513 |
15659 Knoll Oak Court, Huntersville, NC | | Fantastic FIND in Birkglen! | | | 4BR/3+1BA Single Family House | | offered at $250,000 | | Year Built | 1999 | | Sq Footage | 2,655 | | Bedrooms | 4 | | Bathrooms | 3 full, 1 partial | | Floors | 2 | | Parking | 2 Car garage | | Lot Size | .55 acres | | HOA/Maint | $28 per month | DESCRIPTION | This Craftsman style home SOLD for $315K in 2008! Remodeled Cul-d-sac gem with over 1/2 acre & walking distance to Birkdale shopping,golf club,& the Extremely Private Back Yard is a Fenced-in Paradise with Pond & 30x50 tile patio! OPEN floorplan,Master down,Granite,Slate,Formals,Convection oven,Custom Paint,HUGE Master Bath & Suite,Upgrades Galore,2 Car Garage,Pre-Inspected! Huge greenspace across the street and the home is immaculate! New paint and carpet. Master bath has garden tub and separate shower with a huge walk-in closet! | | | | see additional photos below | | | | | | PROPERTY FEATURES
| - Central A/C |
- Fireplace |
- Walk-in closet |
| - Tile floor |
- Family room |
- Living room |
| - Bonus/Rec room |
- Dining room |
- Breakfast nook |
| - Dishwasher |
- Refrigerator |
- Stove/Oven |
| - Microwave |
- Granite countertop |
- Yard |
| | OTHER SPECIAL FEATURES
| - Extremely LARGE, Private yard |
| - Former Model Home |
| | | |
| ADDITIONAL PHOTOS
 Paradise of a back yard! | |
|
| | | Contact info: |  |
sandyisyouragent |
RE/MAX Executive Realty |
(704) 746-7513 |
For sale by agent/broker | |
| | | | | | | Posted: Jan 20, 2010, 3:21pm PST | |
Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
 |
Meetup Reminder
Lake Norman Wine Enthusiasts
|
Your group has a Meetup Wednesday, January 27, 2010 7:00 PM!
You RSVPed Yes.
|
When
Wednesday, January 27, 2010 7:00 PM
Where
LKN Dirty Martini 17036 Kenton Place Suite 104 Cornelius NC 28031
|
52 Lake Norman Wine EnthusiastsRSVPed Yes, including…
|
Meetup Description
Check out this cool, NEW, Lake Norman lounge with excellent martinis, wine selections, and music!! We are sure to have a blast for a very nice LOW price. Network, meet singles, make friends, try new wines, and more! LIVE Music starts at 8pm.
DIRTY MARTINI, JARRID CABLE, AND EMPIRE DISTRIBUTORS PRESENTS**:
5 Wines tasted (generous pour) for only $10 with crackers and cheese!
In addition to that excellent offer, they are having 1/2 PRICE BOTTLES OF WINE AND BY THE GLASS FOR THE ENTIRE NIGHT!!!
Starts at 7pm
WHERE? Dirty Martini in Cornelius, NC at Kenton Place (near Galway Hooker Irish Pub and Bruester's Ice Cream) off Catawba Ave. Pay the bartender $10 for your tasting and you're all set!
**Jarrid Cable, Senior Executive at A4 Capital Management in Huntersville (Birkdale Area). Empire distributors offers a great selection of wines to the local bars and restaurants.
|
Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
I'm sure you have heard about the tax credit in the news or on TV. It can seem a bit confusing with the changes, but I would love to show you how easy it can be to get into a new home and get your credit before the deadline!
Do you have questions about the income limits?
How much credit do you get?
What are the steps to getting the credit applied?
Ask a RE/MAX agent, like myself and you will get the answers!
- You have to have a contract by April 30th, 2010 and close by June 30, 2010!! Don't delay!
- $8,000 to first-time home buyers who buy a home
- $6,500 to seasoned buyers who have lived in their primary homes for at least 5 consecutive years, if they buy a new home
Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!

Standing in the water in front of the Lake Norman dam near Statesville, NC, while holding onto the skis because the current was trying to wash us away!
Sandy Aichner, Certified Distressed Property Expert, SFR, ABR, GRI
(704) 746-7513
Lake Norman Real Estate Broker Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!

If you are having a financial hardship or are missing your home payments and would like to know your options, please call me! I work the Lake Norman and Charlotte areas!
Did you know that you can avoid foreclosure by simply asking for help? If you meet certain requirements, you can simply get the necessary information to the place it needs to be and possibly save your credit from a serious fall!
What is a hardship? It could be one of these things:
- Mortgage adjustment or payment increase
- Loss of your job (Unemployment)
- Business failure
- Damage to your property (ie. Natural disaster)
- Death of spouse or other family members
- Severe illness
- Inheritance of property
- Divorce or separation
- Relocation for employment
- Military service
- Insurance or tax increase
- Reduced wages or income
- Credit debt rate increases
- Incarceration (yes, jail)
You can avoid FORECLOSURE in at least 9 ways:
- Modify your loan (I just recently helped someone accomplish this!)
- Forebearance - pay back small payments in a repayment plan
- Refinance - new loan (if you are trying to get out of an Adjustable rate mtg to a fixed)
- Reinstatement - pay the loan to bring it current
- Rent your home - but you still have to bring the loan current
- Deed in Lieu of Foreclosure - sign it over to the bank
- Bankruptcy - this may stall the foreclosure but doesn't always prevent it
- Sell your property
- SHORT SALE - negotiate with the bank to accept a contract for less than you owe
As a certified distressed property expert and short sales & foreclosures expert, I can help you weigh your options and show you the process so that you can decide what will work for you.
Truths:
- A short sale has less of a negative impact than a foreclosure on your credit score.
- Foreclosures can remain on your credit history for up to 10 years
- A Foreclosure can hurt someone's employment ( for example if you needed security clearance or when an employer checks your credit or background)
Search Homes in Lake Norman NC
Sandy Aichner, GRI, ABR, Broker,REALTOR Licensed in NC and SC RE/MAX Executive Realty (704) 746-7513 Lake Norman Homes
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner Please call me If you have interest in purchasing or selling a home in Mooresville, Cornelius, Huntersville, Troutman, Denver, Sherrill's Ford, Catawba, Davidson, or Statesville, North Carolina!
|
|
Sandy Aichner ~ Broker REALTOR® www.SandyIsYourAgent.com
Mooresville,
NC
More about me
RE/MAX Executive Realty
Address: I'm mobile most of the time but my office is at 19810 W. Catawba Avenue, Suite C, Cornelius, NC, 28031
Office Phone: (704) 360-0556
Cell Phone: (704) 746-7513
Email Me
Links
Archives
|