Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

BIG FORECLOSURE NEWS - BAC IS HALTING ALL FORECLOSURES

by Jay Hufnagel

Big Foreclosure News – Bank of America (BAC) is Halting all Foreclosure Sales

 I received two emails this morning asking what effect Bank of America’s news about Halting Foreclosure sales will have on the “regular resale” market. That’s a great question! My feeling is that investors and serious buyers that have been searching for distressed properties will now expand their search to resale properties that are priced right.

Here is a great article that explains the freeze.

This is just the “tip of the iceberg”. More Banks are either doing the same thing or will be shortly. Stay tuned – this challenge is only going to escalate. With over 25% of home sales being sold as distressed or foreclosures, the general real estate market is going to continue its uncertain joy ride.

Many Qualified Buyers are taking advantage of some great interest rates. For example, in a meeting I had this week with a local lender, she pulled up current rates and showed me that 30 year conventional rates were under 4.25% and 15 year rates were below 3.75%. Wow! How low will they go?  Even with the all of the issues facing us with the economy and real estate – “there is an opportunity in everything …take advantage of it”.

Opportunities are never lost; someone will take the one you missed. – Author Unknown

By Jay Hufnagel, Keller Williams Realty, www.SayJayLakeandHome.com , sayjay@bellsouth.net , 770-757-2799.

LAKE HARTWELL WATERFRONT HOME FOR $200K

by Jay Hufnagel

Can you Find Good Lake Hartwell Real Estate for under $200,000?

Yes you can! I’ve been asked in the past to find Waterfront Homes that have the following criteria for $200k or less: Big Water Views, at least 3 Bedrooms, Level walk to water, Close Corps line to Shore, Home located near Shoreline, Big Lot, Deep Water or ability to Chase it, and most of all – it must have a Large Single Slip Dock or the Ability to Upgrade to one.  Well, you can imagine what my thought was (in the words of my kids) – “Yeah right, No Way”. Well…. here it is – “Yes Way”. Please see the information below on a Fantastic Lake Home at Lot #2 Snyder Drive in Townville, SC that has just reduced in price and been verbally approved for a Single Slip Dock.

Click Here for Information and More Pictures.

YOU CAN'T GET MUCH CLOSER TO THE WATER THEN THIS!

If location on Lake Hartwell and Beautiful Views are important to you, then this Lake Cottage is for you. This wonderful home is move-in ready, extremely close to the shoreline and has plenty of room to invite your whole family. The existing Platform Dock should be upgradeable to any size you prefer. Bring all offers!!

 SC WESTERN UPSTATE MLS# 20099751

For more information on this home or other Lake Homes on Lake Hartwell please check out my Website at www.SayJayLakeandHome.com , email sayjay@bellsouth.net , or call 864-287-7530.

Displaying blog entries 1-2 of 2

Contact Information

Lake and Home Group
Keller Williams Realty
4878 Manhattan Dr.
Buford GA 30518
GA: 770-757-2799
SC: 864-287-7530
Fax: 770-504-5509