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Question - If we were going to submit an offer on a short sale home, how low on price could you possibly go? For example, if a house is listed at 375,000 what would be a good offer? Our max budget is $300,000 and we want to get the most house for our money and I dont want to be unrealistic looking at a $375,000 that I cannot get for $300,000. Does this make sense? Thanks!  

Answer - Most short sales are already priced near what we expect the bank to accept - In most cases throwing an offer in that is way below the asking price is sort of a waste of time, however that being said we would look at any home you are interested in and then evaluate the pricing on a case by case basis....   int...

I have been using this sysyem for about 3 years now and it has saved me ffrom losing data and most importantly all our family photos on 2 occasions...priceless protection!!

Marshall

Dan Butts Weekley Mortgage Update 7/20/09

Click Here for full Update

The most interesting thing is the $3500 purchase price credit when you trade in your gas guzzler on a vehicle that gets 2 mpg better - there are a few caveats though.....

If you have an old clunker sitting in your driveway and you're thinking about upgrading to a new vehicle, you'll definitely want to look into the Government's new Consumer Assistance to Recycle and Save (CARS) Act of 2009...as you might be able to get some cash for that clunker!

The CARS Act-also knows as "Cash for Clunkers"-was passed by Congress late last month and then signed into law by President Obama. Basically, the program is designed to get ...

The Charles Shultz Philosophy

This  is marvelous!!  (This was sent to me by Kirk Nace - Thanks Kirk!)

Scroll thru slowly, read carefully and really consider the questions to receive and enjoy the full effect     

The  following is the philosophy of Charles Schulz, the creator of the 'Peanuts' comic strip.

You  don't have to actually answer the questions.

Just read the e-mail straight through, and you'll get the  point.

1. Name the five wealthiest people in the world.

2. Name the last five Heisman trophy winners.

3. Name the last three winners of the Miss America pageant.

4. Name ten people who have won the Nobel or Pulitzer Prize.

5. Name the last half...

Tax Benefits of Home Ownership

Please click Link to read this article on Home ownership Tax Benefits!

Home ownership has long been touted as the way to real wealth....however with the last 3 years of a tumbling economy it has shaken many of our beliefs ...

Home ownership does continue to offer many benefits and joys. Tax benefits are 1 of the benefits , however its not the only one.

I personally look at my home not as an investment or tax benefit  - I look to it as my home and haven away from the stresses of life - we enjoy the maintenance and required upkeep not as a negative but as something we do together as a family. If you look back to our parents time and take a minute to rememb...

This is it! Wonderfull elevataed home in the waterfront community of Croghans Landing. 4 bedroom and 3.5 bath - True Gourmet kitchen with Professional Stove and matching hood! Mineral Salt water in-ground pool and huge backyard complemented with wonderful landscaping and a private pergola with firepit! Dual master bedrooms suites, upgraded fixtures and beautiful oak floors compliment this home. Downstairs you will find a large garage, utility room and a huge workshop area ~ ample enough for the true woodworker or hobbyist ~ Custom built-in cabinets and upgrades throughout home. Hits the dream listH...

Introduction to Charleston

CLICK HERE TO SUBMIT

Marshall Walker is proud to present Free of Charge a Comprehensive 72 page Charleston relocation and newcomers guide to introduce you to our wonderful city of Charleston -Filled with well written descriptions of the different areas to live, where to go, what to to and sights to see. I have also included lists of area restaraunts, hotels and golf courses to play during your visit as well as hospitals,utilities and other Charleston area services.

 I even include an area map so that you will be able to get your bearings prior to a move or visit!

CLICK HERE TO SUBMIT

Equal  Housing Oppurtunity

A free service of The MarshallWalker.com ...

Local Mortgage News

Please click this Link to view local Mortgage outlook!

Overall showings on listings appear to be down , however I did an open house yesterday in which I had a another good turnout. What does this mean to me? I have long said that the buyers are better educated about the market than sellers understand. Buyers know if a home is a good value or not through the use of Zillow and other on-line means.

With the continuing market uncertainty I urge sellers who "need' to move to speak with their agents immediately before we find the selling season finished - now is the time to get serious!

Buyers! - The $8000 tax credit is ending soon - please be aware that you have to clos...

 New Mortgage regulations to affect Charleston Homebuyers and Sellers

July 1 will signal another huge change in the lending industry - be prepared as a buyer or selle by reading the attached document. please call or email if you have any questions....

Click Here for Wells Fargo Info Brochure

RATE BUYDOWN OF 1% FOR 1 YEAR WITH USE OF PREFERRED LENDER WELLSFARGO MIKE GOBIN

 OR

SEE IF YOU QUALIFY FOR DOWN PAYMENT ASSISTANCE (UP TO $10,000) WITH EDWARD EMMANUAL OF ATLANTIC BANK AND TRUST!-

 LOVELY 3 BEDROOM 2.5 BATH HOME SITUATED ON A VERY LARGE FENCED LOT THAT BACKS UP TO PRIVATE WETLANDS. READY TO MOVE IN WITH A DESIRABLE FLOOR PLAN THAT FEATURES MANY UPGRADES INCLUDING HARDWOOD FLOORS, GAS FIREPLACE AND CROWN MOLDING ON KITCHEN CABINET .OWNERS HAVE UPGRADED MANY ELECTRICAL FIXTURES. THIS HOME IS CLEAN CLEAN CLEAN AND READY FOR YOUR FAMILY! PARKWEST FEATURES MANY ACTIVI...

Atlantic Bank & Trust has received approval for $7 million in Grant money to use in conjunction with FHA loans. The Grant will act as a second lien that is forgivable if the borrower retains ownership of their home for 5 years or more. The borrower will not have to make any payments on the money the Grant provides. The Grant money can be applied toward down payment, closing cost, and prepaids.

This is a 5 to 1 MATCH.  IE. If the borrower puts down $1,000 they will receive $5,000.  If they put down $2,000 they will receive $10,000.  $10,000 is the max Grant allowed.  Here are some highlights:

1. First Time Home buyers only.  This includes anyone that has not owned a home in the last 3...

Short Sale Negotiation Warnings for BUYER and SELLER

We are starting to see an unusual chain of events with short sales -if a short sale is advertised as being already negotiated with the bank please take the following precautions.

1. Ask your buyers agent to call the agent and ask if there is any kind of "option to purchase Contract" in place on the home involving ANY 3rd party. - if the answer is yes please be very careful if you want to proceed with viewing and purchasing this home - Please contact an attorney if you have ANY questions that are not being answered to your satisfaction. Many buyers agents are not aware of the shenanigans that are sometimes going on behind the scenes of ...

Foreclosure and Tenants Rights

What is the fundamental issue?
The "Helping Families Save Their Homes Act of 2009" included some provisions to protect tenants from eviction as a consequence of a foreclosure affecting the property being rented. Many examples were seen of families living in rental housing throughout the United States who were evicted without any prior notice when the home where they had lived was foreclosed upon. Much of the time, the rental family had no idea the home was in delinquency or subject to foreclosure until their eviction.

 
Legislative/Regulatory Status/Outlook:
Under the new law, which went into effect on May 20th, tenants will have to receive 90-days notice p...

Loan Modification Consumer Alert

I was looking up some info for a freind /client the other day who was asking my advice on whether she should pay someone a whopping $3500 to modify her loan....maybe.

The following is a link that explains some of the pifalls and legalities.  Loan modification Alert Link 

Please consult with an attorney if you are considering foreclosure , bankruptcy , short sales and of course Loan Modification. I can personally recommend an expert in all of these fields....  Marshall Walker 843-532-3214