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By Alan J. Heavens http://www.philly.com/philly/business/90844079.html?cmpid=15585797 INQUIRER REAL ESTATE WRITER Just 45 days into Chapter 11 bankruptcy, Orleans Homebuilders Inc., of Bensalem, said Wednesday that it had executed an agreement valued at $170 million with NVR Inc., of Reston, Va., for the purchase of what the company called "substantially all" of Orleans' assets. The agreement is meant to establish a floor price that Orleans chief financial officer Garry P. Herdler said the company hoped would lead to "other, better, and higher bids." Orleans, in a motion filed Wednesday in Bankruptcy Court in Wilmington, asked for bids to be due June 16. (1 comments)
From: http://www.wisegeek.com/what-are-the-different-kinds-of-basements.htm One design element available to houses built on sloped lots is known as a walk-out or daylight basement. A walk-out basement features a doorway which leads directly to a ground level patio or backyard. Not all house plans can incorporate a walk-out or daylight basement, however. Much depends on the degree of slope and the preferred direction a house should face. A walk-out basement works best when the house is built on top of a sloping lot which falls away at the back end. The ground level and higher floors can be located on the top of the slope and the walk-out garage should face a (0 comments)
RALEIGH, N.C. — The Wake County Board of Education voted Tuesday to end its long-standing diversity policy in student assignment in favor of a neighborhood schools concept. By a 5-4 vote, the board approved a resolution to begin planning for the phase out of the policy. The move will allow students to go to schools closer to home, regardless of the socio-economic makeup of the student body. WATCH VIDEOWake board votes to phase out diversity policy Reassigning students to ensure schools had no more than 40 percent of students receiving free or reduced-price lunches has been controversial for years. (1 comments)
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however. Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home must meet the following standards, as set forth by Fannie Mae: 720 credit score 25% downpayment for a 1-unit (30% for a 2-4 unit) No mortgage delinquencies in the last 12 months 6 months of reserves for each investment property In other words, Fannie Mae is re-opening the lending spigot for real estate investors with good credit, a sizeable downpayment (0 comments)
http://www.wcpss.net/news/2009_august6_abc/ August 6, 2009 - The Wake County Public School System saw an increasing number of schools achieve School of Excellence and School of Distinction in 2008-09, according to the ABCs of Public Education released today by the NC State Board of Education. In 2008-09, WCPSS had 12 schools named School of Excellence or Honor School of Excellence and 50 named School of Distinction. That compares with four Honor Schools of Excellence and 26 Schools of Distinction for 2007-08. Individual School Results WCPSS Schools with highest composite scores Honor Schools of Excellence in 2008-09 include: Adams Elementary, Apex Middle, Davis (0 comments)
cary: Incentives lure Deutsche Bank, 319 jobs - 08/17/09 08:30 AM
http://triangle.bizjournals.com/triangle/stories/2009/08/10/daily53.html?ed=2009-08-13&ana=e_du_pap The Cary Town Council on Thursday night approved an incentives package for a new division of Deutsche Bank AG, sealing a deal that promises bring to a new technology development center and 319 new jobs to the Wake County town. Cary will pay $75,000 in cash to DB Global Technology, the newly formed subsidiary of Germany-based Deutsche Bank (NYSE: DB). In return, the global financial services company will set up its new center in Cary.
The Cary incentives are a pittance compared to what the state of North Carolina promised as part of a deal in which Deutsche Bank (0 comments)
cary: Deal of the month - June - 06/22/09 10:56 AM
One community close to brand new schools in Cary offers 10% price reduction in only 2 days. (0 comments)
cary: Deal of the month -- May - 06/22/09 10:54 AM
One community in Cary, close to RTP, gives huge incentive for houses to close by end of May. (0 comments)
cary: Deal of the Month - April - 04/30/09 06:45 AM
Short sale opportunity in highly desired Cary community: $110K below tax value. From mid 400K to mid 300K. (0 comments)
cary: RTP Public High Schools information: - 04/09/09 01:34 PM
* North Carolina School of Science and Mathematics: The North Carolina School of Science and Mathematics (NCSSM) is a two-year, public residential high school located in Durham, North Carolina, which focuses on the intensive study of science, mathematics and technology. The school accepts rising juniors from across North Carolina and enrolls them through senior year. Though NCSSM is a public school, enrollment is limited, and applicants undergo a highly competitive review process prior to admission. Since its inception, NCSSM has been fully funded by the state, meaning no student is required to pay any tuition, room, board, or other student fees. (0 comments)
cary: $8,000 Home Buyer Tax Credit at a Glance - 03/29/09 08:14 PM
From http://www.federalhousingtaxcredit.com/2009/glance.php The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 (0 comments)
cary: Raleigh-Cary is fastest growing metro area in U.S. - 03/23/09 12:43 PM
By BARBARA RODRIGUEZ, Associated Press Writer; Posted: Mar. 19, 2009 at http://www.wral.com/news/state/story/4769536/ RALEIGH, N.C. - Residents living in the Raleigh area now have proof that they have a slew of new neighbors: The city and its Cary suburb make up the fastest-growing metropolitan area in the country, according to federal statistics released Thursday. The combined population of North Carolina's capital city and its family-friendly suburb increased to 1.1 million people between July 2007 and July 2008, a 4.3 percent jump, according to the U.S. Census Bureau data. The Austin-Round Rock metro area in Texas ranked second with a 3.8 percent increase. (0 comments)
cary: Cary/RTP Fun Places for kids: - 03/12/09 02:11 PM
Indoor: Planet Child: $8 per kid, 305 Ashville Ave Cary, NC 27518 (919) 233-0090 Marble Kids Museum: $5 per person. 201 E. Hargett St. Raleigh, NC 27601 (919) 834-4040 NC Museum of National Sciences: Free. 11 W. Jones StreetRaleigh, NC 27601 (919) 733-7450 Wake County library: Free story time 9:30am and 10:30am. Tuesday- Thursday, http://www.wakegov.com/libraries/locations/westregional/events.htm Also kids enjoy free indoor playground at SouthPoint Mall, McDonald and membership clubs like LittleGym, MyGym and Gymboree. Do check them out too. Outdoor: NC zoo: 4401 Zoo Parkway Asheboro, North Carolina 27205 1.800.488.0444 or 336-879-7000 Durham Museum of Life and Science: 433 W Murray Ave, Durham, (0 comments)
cary: Wake County and Cary: Growing Fast - 03/09/09 04:29 PM
Wake County1. Wake County is expected to have more than 1.1 million people by 2020.2. Wake County:Roughly 106 people move in everyday.3. Wake County: 17 new schools (11 elementary, 4 middle, and 2 high) projected. Cary1. Cary: nation's fifth-fastest growing large city, US Census Bureau, 2008.2. Cary (27519) median income $118.019. House median value: $410,310.3. Cary: Commerical Growth following residential in west Cary.4. Cary: 750,000 square feet of retail open in summer 2009. (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.