Changes to the first time buyer tax credit will have little impact here in Charlotte - 05/30/09 12:47 PM
Yesterday, the HUD secretary officially released the details of the FHA's plan to allow first time home buyers to use their $8,000 tax credit at closing.  When the plan was first announced, the speculation was that it would have allowed buyers to all or a portion towards their down payment.  However yesterday's press release explained that buyers will only be able to apply the amount to closing costs or towards an additional down payment.  Buyers will still need to make a down payment of at least 3.5% to qualify for an FHA mortgage. 
While this may have some impact in other markets, … (0 comments)

8013 Stoneham Court Matthews, NC - 100% Financing Available - 05/26/09 04:34 PM
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Short Sale Information for Suntrust Mortgage - 05/21/09 11:17 AM
Short Sale Info for Suntrust Mortgage
Accurate as of 5/21/2009
Loss Mitigation Phone: 1-800-634-7928 ext. 58791
Loss Miti Fax for short sales and deed-in-lieu: 804-675-3127
Documents:
Required with all sales are an Arms Length Transaction Disclosure which I have for you here.
What your short sale package needs to contain:
Listing agreement Signed Purchase contract HUD-1 Hardship Letter w/ evidence of hardship Suntrust-specific Financial Application Last 2 Years Tax Returns (complete return) Profit & Loss statement for Self employed Most recent W-2 or 1099 Last 2 Pay Stubs Last 2 months of bank statements for all borrowers Authorization Letter A generic … (22 comments)

Agents: It's time to get some class - 05/20/09 10:24 AM
Over the last few months, I have ran across a number of clients who have told me that they or someone they know has had a nasty encounter with a real estate agent.  Increasingly, agents are lashing out at their clients for who knows what...and it has got to stop. 
Case in point is a client we are working with to close a transaction.  The listing agent acted very inappropriately in her communication with this buyer months ago, even so far as to help him write a better offer than the one she had currently.  Her goal was to have a … (6 comments)

Are you prepared for a six month real estate bounce? - 05/16/09 02:15 PM
Whether its the typical seasonal bump or the start of recovery, real estate sales in the Charlotte area are picking up.  Ok ok, don't pile on me yet.  There are still thousands of homes in inventory that remained unsold, still hundreds coming across the court house steps, but buyers are buying like they haven't in well over a year.  Fueled in part by low interest rates and the $8,000 first time buyer tax credit, the lower-end of the market is beginning to pick up steam, which helps to fuel the higher price point.  As will be posted over the next week, … (0 comments)

First Time Buyer Tax Credit Can Be Used Down Payment - 05/13/09 04:03 PM
For Immediate Release
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change. "We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the … (0 comments)

Our Mortgage Lenders are offering Job Loss Protection - 05/12/09 06:50 PM
For the last two and a half years, I have heard from hundreds of homebuyers the same thing: "I would buy now but I don't want to do that then lose my job."  I had that privilege of experiencing that first hand when my wife and I relocated for a job fresh out of college.  We purchased a new home that we could afford on my salary alone and then six months later, the firm ran out of money.  We were devastated, facing a mountain of bills and no income to pay them long term. 
Taking a cue from the car … (0 comments)

Pre-foreclosure Sellers Beware the Investor Option Purchase Short Sale Scams - 05/11/09 12:19 AM
Over the last six months, our group has been approached by about a dozen "professional," non-licensed real estate buyers pitching to us a program that I've comfortable rejecting as a scam you need to avoid.  These are real estate investors who are trying to make a quick buck from your misery as a homeowner facing foreclosure. 
While each may do things a little differently, essentially you have an investor that may or may not contact the seller with an offer to purchase their home in distress.  They will work out the details of a short sale with the bank on the seller's … (3 comments)

Open Houses This Weekend: Brandon Oaks, Holly Park, Stoney Creek - 05/03/09 07:18 PM
Open Houses This Weekend
Saturday, May 9, 2009 1-4 PM
View Map | Printable Flyer (PDF Format)
Hosted By: Jonathan Osman - Keller Williams Realty
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Jonathan Osman (Charlotte House Hunter Group)

Charlotte, NC

More about me…

Keller Williams Realty

Address: 5925 Carnegie Blvd, Suite 102, Charlotte, NC, 28209

Office Phone: (704) 960-1725 x 100

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