short sales: New North Carolina Law Eases Foreclosure Timeline
- 11/21/08 06:04 AM
In August 2008, the Governor and Legislature of North Carolina signed as law a new bill dealing with the growing number of foreclosures. House Bill 2623 establishes the North Carolina Foreclosure Prevention Project, which requires lenders to give both homeowners and the state's commissioner of banks at least 45 days notice before a foreclosure action is filed. During that time, the banking commissioner's office will work with the homeowner and lender to establish an acceptable interest rate that the borrower can afford and the bank can accept. The law also gives the bank commissioner authority to extend any foreclosure filing notice … (1 comments)
short sales: North Carolina's Governor Signs 3 Foreclosure Bills
- 09/23/08 01:22 AM
In light of recent soaring foreclosure filings in North Carolina - 24% from June 2008 and 125% from July, 2007 - Governor Mike Easley signed a bill to offer relief to homeowners and banks alike. The North Carolina Foreclosure Prevention Project requires that both homeowners and the state's bank commissioner must receive 45 days notice before a foreclosure is filed and also allows the bank commissioner to extend any foreclosure filing notice by 30 days. During this time, the state would negotiate with the homeowner and mortgage holder on their loan interest rate and payments. Easley estimates that that the law could help … (2 comments)
short sales: Have You Had Issues With Buyer and Seller Clients That Are Divorced or Separated
- 09/16/08 08:40 AM
Every year I seem to have the year of something. One year it was the year of the cracked heat exchanger, or termites or structural issues. Recently, I had issues with one seller client and one buyer client regarding their divorce or separation. In the case of the seller, they did not have a lawyer involved in the process; they did all of the paperwork themselves. I was told after asking repeated questions, that all of the paperwork was in order and recorded properly. Prior to closing we found out that the final divorce paperwork had not been recorded. This meant … (1 comments)
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Jodi Bakst
Team Jodi - Chapel Hill Real Estate, Durham Real E
If you are buying or selling in Chapel Hill, Carrboro, Durham, Hillsborough, Durham or Orange, Durham or Chatham Counties, you have come to the right place. Jodi Bakst and her Team of Real estate specialists provide seamless customer service for our buyer and seller clients throughout their relocation or move.
In August 2008, the Governor and Legislature of North Carolina signed as law a new bill dealing with the growing number of foreclosures. House Bill 2623 establishes the North Carolina Foreclosure Prevention Project, which requires lenders to give both homeowners and the state's commissioner of banks at least 45 days notice before a foreclosure action is filed. During that time, the banking commissioner's office will work with the homeowner and lender to establish an acceptable interest rate that the borrower can afford and the bank can accept. The law also gives the bank commissioner authority to extend any foreclosure filing notice … (1 comments)
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