Raleigh Foreclosures
Wednesday, March 28th, 2012
To help combat the many foreclosures that homeowners across the country, including those who live in the community of Glen Laurel, are facing, the Bank of America may soon offer the option of a rental as an option to dealing with foreclosure. BofA has launched a pilot program where they are offering some of their mortgage customers who are facing foreclosure the option to be able to stay living in their homes and become renters instead of owners.
The “Mortgage to Lease” program was just recently launched by BofA and is currently being offered to only a small number of customers. Ron Sturzenegger, Legacy Asset Servicing executive of Bank of America, said in a statement, “This pilot will help determine whether conversion from homeownership to rental is something our customers, the community and investors will support.”
Those homeowners who choose to take part of this pilot program will hand over their title to the bank, who at that time will waive any outstanding mortgage debt. The homeowner will then be eligible to lease his/her prior home for up to three years at or below current rental rates. The monthly rental rate will be below what they are currently paying for their monthly mortgage payment. The bank will also waive all taxes on the property or homeowners insurance that tenants may hold.
Now is the perfect time to buy or sell a home in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works, and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answers and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, Glen Laurel, home sales in the Triangle area, Raleigh Homes For Sale, Raleigh Real Estate, Rodney Geohagan, The Geo Team
Posted in Foreclosures, Home Builders | No Comments »
Tuesday, October 11th, 2011
Fellow Glen Laurel resident, Chris Yauch, won the opportunity to rappel down the Wachovia building in downtown Raleigh as part of a fundraising effort for the Special Olympics North Carolina. Yauch raised $2,010 for the Special Olympics, providing her with this once in a lifetime opportunity to rappel down the well-known skyscraper.
Last year the Special Olympics held their first fundraising event with Over the Edge, a company that coordinates the rappelling activity as a fundraiser for non-profits all over the country. Last year, the event drew 85 people and this year 110 people raised enough money to participate. To be eligible for the rappelling event, put on by Over the Edge, participants were required to raise at least $1,000. The money raised from the event will go towards allowing the Special Olympics North Carolina to hold free competitions and to provide year round training for Special Olympic athletes.
The Special Olympics is not something new to Yauch. Her brother suffers from cerebral palsy and used to participate in the Special Olympics.
Glen Laurel residents go above and beyond to help their community. If a new home in this community is right for you, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, Glen Laurel, home sales in the Triangle area, homes for sale in Glen Laurel, Raleigh Homes For Sale, Raleigh Real Estate, Rodney Geohagan, Special Olympics North Carolina., The Geo Team
Posted in Apartments, Foreclosures | No Comments »
Wednesday, September 14th, 2011
During this economy you may be feeling that obtaining a new home loan in Raleigh is not within your reach. There are many myths about mortgage financing and here are some answers to help you with your home loan process.
Myth #1- Banks are not lending: We are hearing it everywhere that banks are not lending but that is just not the truth. Banks are indeed lending money just not to those individuals or businesses that have no credit worthiness. If you are able to show a good credit record that includes no missed payments in the past 12 months and have a significant income to debt ratio, you should be able to obtain a mortgage rate without any issue.
Myth #2- Large down payments required: 100% financing is not as readily available as it was a few years ago, but the need for 20% down is not always the case either. There are many programs available to potential homeowners that require only as little as 3% down.
Myth #3- Solid two-year work history a must: Many feel that without a consistent two-year work history they would not be able to qualify for a loan. You will need to explain any gaps in your employment, but as long as those gaps were due to education or qualified time off it will also fit the bill.
Myth #4- Only a high credit score will qualify me for a loan: It is a myth that you need a credit score of 700 or above to obtain a home loan right now. Many lenders are now looking for at least a credit score of 640.
Myth #5- Mortgage insurance is too expensive for me to afford: In the past few years, the cost of everyday items has rose and mortgage insurance on FHA loans has increased by more than 100%. The good news is that private mortgage companies are becoming more competitive and aggressive in finding ways for homeowners to obtain insurance at a lower cost.
Myth #6- I can only have four financed properties: In many instances, it is true that you can only have four financed properties at a time. However, many lenders have done away with that limitation are now allowing for up to ten financed properties.
Lenders are looking to lend and homes are more affordable than ever. If you are interested in learning more, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, home financing in Raleigh, Home mortgages in Glen Laurel, mortgage rates in Raleigh, Raleigh Homes For Sale, Rodney Geohagan, The Geo Team
Posted in Foreclosures, Homes for Sale, Housing Market | No Comments »
Tuesday, August 30th, 2011
Fall is right around the corner and many of those who live in Glen Laurel are looking to enjoy the cooler weather. The heat of summer will be subsiding soon and it will be time to focus on fall maintenance of your yard. The Town of Clayton is asking that residents of Glen Laurel no longer leave loose leaves along the curbs. The Town of Clayton will no longer be picking those up; you will now have to bag all grass clippings, pine straw, leaves, and trimmings.
When fall arrives, your Glen Laurel yard is preparing to go dormant for the winter. Fertilizing your yard is important during this time to provide it with an extra boost of nutrients that it will store and use during its dormancy. The grass may not be growing during the winter but the roots continue to grow underground throughout the winter and will rely on stored nutrients.
Fall is also the perfect time to aerate your yard. Aerating your lawn helps combat grass compaction that might have occurred during summer traffic, and allow your yard to increase the amount of nutrients and oxygen it takes in.
When the leaves start to fall, be sure to rake or blow the lawn at least once a week. Keeping your yard free of leaves not only keeps your yard looking better it is also healthier for your yard to be free of leaves. Don’t forget to bag the leaves and no longer leave them curbside.
If you are interested in learning more about living in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, Glen Laurel, home sales in the Triangle area, homes for sale in Glen Laurel, Lawn Maintenance in Glen Laurel, Raleigh Homes For Sale, Raleigh Real Estate, Rodney Geohagan, The Geo Team
Posted in Buy a House, Foreclosures, Housing Market, Real Estate | No Comments »
Wednesday, August 3rd, 2011
If you are considering buying a home you may be contemplating if buying an existing home or purchasing a newly constructed home is the way to go. No matter if you are looking for a new home or an existing home, however, the community of Glen Laurel has something to offer everyone. When choosing to buy a new home there are things that need to be taken into consideration including cost, convenience and the extras that a community has to offer. Below are both pros and cons to an existing home and a newly constructed home in Glen Laurel.
An existing home will save you money in terms that many times you will not have to purchase appliances and window treatments. Landscaping is usually already completed and trees are more mature. If the home has recently been renovated it may include many high end fixtures that may not be customary in new constructed homes.
The cons to buying an existing home are that they may be less energy efficient, which will be more costly to cool and heat. Also, repairs and renovations needed to the home may be quite costly.
The number one pro to a newly constructed home is that it is costs less to maintain than an older home. The ability to make your home custom to your taste is another favorite of a new home. Choosing your own options and upgrade ensures that you have exactly what you want in your home.
The cons of a new home are that it can be costly to install landscaping. Dealing with dirt and mud of other homes in the neighborhood during construction, while the neighborhood is being built, can be tiresome as well. Also, resale of the home may be difficult before construction of the entire development is complete.
There are pros and cons of both buying an existing home and a newly constructed home. Once you choose what is right for your family, you will find that Glen Laurel has what you are looking for.
If you are interested in learning more about living in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: build a new home in glen laurel, foreclosures in Glen Laurel, Glen Laurel, home sales in the Triangle area, homes for sale in Glen Laurel, live in glen laurel, Raleigh Homes For Sale, Raleigh Real Estate, Rodney Geohagan, The Geo Team
Posted in Buy a House, Foreclosures, Home Builders, Homes for Sale | No Comments »
Wednesday, July 27th, 2011
Do you need more exercise? Then consider living in a community where being active is a regular part of everyday life. Living in the community of Glen Laurel in Clayton, NC will provide you with just that. If you are wondering where to start, consider taking up tennis at the Glen Laurel Racquet & Swim Club. The club offers many different tennis programs that will meet the need of anyone, no matter what level you are at. Did you know that competitive tennis burns more calories than aerobics, in-line skating, and cycling?
The game of tennis provides you with a whole body workout. Change up your exercise routine and consider giving tennis a try. According to physician Ralph Paffenbarger, spending at least 3x a week in vigorous exercise, such as tennis, will cut your risk of death, from any cause, in half! What more could you ask for from a relatively inexpensive sport such as tennis?
If you’re new to tennis, consider signing up for Tennis for Dummies at the Glen Laurel Racquet & Swim Club. The class will teach basic strokes and techniques as well teaching you the fundamentals needed for the game.
If you are interested in learning more about living in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, Glen Laurel, Glen Laurel Racquet and Swim Club, home sales in the Triangle area, Raleigh Homes For Sale, Rodney Geohagan, Tennis in Glen Laurel, The Geo Team
Posted in Foreclosures, Homes, Homes for Sale | No Comments »
Wednesday, June 29th, 2011
Summer is officially here and many who live in the community of Glen Laurel head to the Glen Laurel Racquet and Swim Club for a way to keep cool. The Swim Club can be a great way for families to keep cool and have fun in the summer, but pool safety is something that must not be forgotten. It is estimated that 300 children under the age of five drown in swimming pools and spas each year. With a few preventative measures you can keep your family safe.
Consider enrolling your kids in swim lessons. Swim lessons are offered at the Glen Laurel Racquet and Swim Club with the next session beginning as early as July 5th. If you are interested in enrolling your child in swim lessons contact Brian Kampper at (919) 550-3225 between the hours of 1:00 p.m. and 6:00 p.m. Monday – Friday.
Other safety reminders while at the pool include:
● Ensure that one adult is assigned at all times to keep an eye on the kids while they are swimming or near the water’s edge.
● Learn and practice water safety skills such as CPR and knowing how to swim.
If you have your own pool at your home in Glen Laurel:
● Install a fence that completely surrounds the pool and has self-closing, self-latching gates.
● Make sure that you have the appropriate safety equipment such as alarms, sensors, and barriers.
For more information on how to be safe around water visit the American Red Cross Home Pool Essentials website at www.homepoolessentials.com.
If you are interested in learning more about living in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, Glen Laurel, Glen Laurel Racquet and Swim Club, home sales in the Triangle area, Raleigh Homes For Sale, Rodney Geohagan, Swim less in glen Laurel, The Geo Team
Posted in Community, Foreclosures, Home Builders, Mortgages, Neighborhood | No Comments »
Thursday, June 9th, 2011
The Federal Deposit Insurance Corp recent reports shed a light on how bad North Carolina banks are suffering right now. As of early 2011, the total bank assets in North Carolina had declined by 24 percent when compared to the end of 2009. It seems that both the housing and bank industry are still having a difficult time here in North Carolina.
In 2009, there were 105 banks in North Carolina that had assets of $2.23 trillion. Today there are maybe 99 banks in the state with assets totaling $1.69 million as of the end of March 2011. Many local experts feel that the trouble the banks are seeing are a result of slower lending along with deposits leaving North Carolina banks to be deposited in larger banks outside of the state.
Similar to the banking industry, the housing industry is still suffering in North Carolina. The number of permits to build new single-family homes throughout the state declined by 27.6 percent over the last year ending in March of 2011. However, permits to build multifamily homes rose by 105 percent during the same period of time. The increased number of multifamily home permits is a positive thing for the housing market in Raleigh.
If you are looking to purchase a home in the Triangle area consider the small community of Glen Laurel located just a short 20 minute drive from downtown in Clayton, NC. Nestled along the Neuse River this community has something to offer anyone. From the award winning golf course to the fully staffed Racquet and Swim Club your family is sure to call this place home.
If you are interested in learning more about short sales or foreclosures in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, foreclosures in Glen Laurel, Glen Laurel, home sales in the Triangle area, Homse for sale in Glen Laurel, North Carolina Banks, Raleigh Homes For Sale, Raleigh Real Estate, Rodney Geohagan, The Geo Team
Posted in Foreclosures, Homes, Homes for Sale, Housing Market | No Comments »
Friday, May 13th, 2011
Foreclosures across the country dropped 15 percent in the first quarter of 2011 when compared to the fourth quarter of 2010. Foreclosures have now reached a three year low. Notices of defaults to repossessions have dropped 27 percent in the first quarter of 2011 according to RealtyTrac. This is the biggest drop RealtyTrac has recorded since they started tracking the online foreclosure marketplace in 2005. There were a total of 681,153 filings reported throughout the country for the first quarter of 2011, which places 1 in every 191 U.S. housing units with receiving a foreclosure filing.
The Triangle area saw foreclosure rates drop 10 percent for the first quarter of the year. Hard hit foreclosure states such as Florida are seeing a majority of banks and servicers under investigation for improper review and handling of foreclosure documents. This may be attributing to slowing down the foreclosure process. Foreclosing filings declined 62% to 58,322 in the first quarter from the same time last year in the struggling state of Florida.
The Glen Laurel area in Clayton, NC has been especially hit hard with foreclosures over the past few years. If you are looking to move you should really consider purchasing a home in this unique community that has something to offer everyone. Situated among rolling hills and adjacent to the banks of the Neuse River this area is perfect to call home. Living in Glen Laurel provides access to the award-winning Neuse Golf Club with numerous amenities.
If living in Glen Laurel is something you are considering and would like to learn more information, contact me, Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.
Tags: certified distressed property expert, Clayton, foreclosures in Glen Laurel, Glen Laurel, homes for sale in Glen Laurel, NC, Raleigh Homes For Sale, Raleigh Real Estate, Rodney Geohagan, The Geo Team
Posted in Buy a House, Foreclosures | No Comments »
Monday, January 31st, 2011
It has been my experience that many of the best deals on real estate come as forclosures and short sales in Raleigh NC. The drawbacks to buying foreclosures and short sales in Raleigh are about what you might expect. No repairs are offered by the seller, so home inspections on foreclosed homes are for informational purposes only. Needed repairs may be extensive on foreclosed homes or homes offered on a short sale and this may take a lot more than a willingness to get your hands dirty. My advice is to make sure that you have at least five to ten percent of your purchase price in reserve for a home that looks like it is in good shape and as much as thirty percent for a home that obviously needs a lot of work. There are big items that may come up that typically cost thousands of dollars. A new heat pump or Gas pack can easily top ten thousand dollars; a roof that does not currently leak but may be on its last leg will typically cost well over five thousand dollars, water heaters, appliances, windows, and doors are other big and expensive items. Even if you have a home inspection these items could pass scrutiny because they could be “performing their intended function on the day of inspection” and not necessarily raise a red flag. It is a good idea to have inspections on the aforementioned items by industry specific contractors that will evaluate the age, expected life, maintenance requirements and replacement cost of the big items. If you would like to discuss specifics look for an agent that has actually been involved in the rehabilitation of homes in the past. There is a lot more to the deal than just a great price. I heard one time from an old sage that sometimes the bitter taste of an unpleasant surprise will last far longer than the sweet taste of a low price. The members of “The GEO Team” of RE/MAX One Realty in Raleigh have extensive experience with Foreclosed homes for sale in Raleigh and with Short sales in Raleigh. If you have any questions or would like to explore this further call Rodney Geohagan at 919 369 3892. Of course we would love to hear from you and would be happy to meet your referred friends and family at The GEO TEAM,
Tags: Financing for Foreclosed homes in Raleigh, Foreclosed homes in Raleigh, Homes for sale in Raleigh, Short Sales in Raleigh
Posted in Foreclosures | No Comments »
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