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...

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

Please read the email below from Melissa Breeland - she is one of our top lenders and always gets my attention

I am very happy to have more and more military home buyers contacting us to take advantage of the $8,000 Tax Credit and the low interest rates available now. A VA mortgage is truly a fantastic loan program; Zero down up to $417,000 in South Carolina and no monthly mortgage insurance required. Sellers can contribute up to 4% of the sales price to go towards the buyers closing costs, pre-paids, reserves and even outstanding credit card or revolving debt. Who wouldn't like that!

If your VA buyer wants to purchase a foreclosure or short sale here are some very important tips to ...

Pleease open this link to view a grat article I found on the tax benefits of owning a home - 

Click here for Article

Click Here for HUD Information!

I have gotten a few requests for more details on the tax credit advancement.  The document attached was sent to us yesterday, which explains how the process will work.  However, there are no non-profit organizations in place yet that will actually do the transaction.   Probably in a month or so, we will be able to follow through with these transactions

First time homebuyers seem to have sensed a change in the Real Estate environment - they have decided that its now or never! The tax stimulus credit of $8000 is certainly helping - however I think it gos a Little deeper.

 I have always stated that buyers now know the market better than 90% of the agents who are working in the industry. I personally am seeing a reversal of roles in which buyers are sending their agents properties from my Charleston real estate search site . What value proposition are agents giving their buyers? Good question... when we start working with a new buyer we spend at least 1 hour interviewing them on their needs, expectations and what role they would like to pl...

SHORT SALE

this home is under contract after 2 weeks and 2 open houses - we have submitted offer to bank for 3rd party approval but we are showing for back up and /or secondary offers - the bank will typically only negotiate the highest and best - if this property fits your needs for a secluded and private paradise dont waste time - call now!!

3.7 PLUS ACRES, STOCKED POND, on corner acreage with the most charming (3 bed 2bath) 1940 circa home. Seller called it their "Shangri-La", described as mystical & harmonious. The property is surrounded by Camellias, Honeysuckle, Gardenias, Azaleas and quiet spots with canopies ...

Ins and Outs of Short Sales

Please read this article in the Charleston Post and Courier Real Estate section.  Click Here

Please note-

Definition of a short sale is

A sale where the proceeds do not cover the lienholders lien - important to note that a short sale does NOT have to involve a bank - Please call if you have questions.

Second - please be aware of agents who will "put your home under contract" so that they can start bank negotiations....there may be a time and place for these actions but banks may now consider it a "flip" and even intent to defraud the lienholder. Some banks such as Suntrust will make short sales contingent upon an agreement that the home will not be "flippe...

Is the Tax Credit driving Buyers into the Real Estate Market?

The last few weeks have certainly been busy and at MarshallWalker.com and we are seeing a tremendous surge of first time homebuyers.  The $8000 tax credit is a huge advantage to a first time buyer but interest rates are also holding at record lows - FHA 30 year was quoted at 4.875% yesterday. If you are thinking about purchasing a home I recommend sooner than later....remember that this ta credit is only good till Dec 31,2009 - that means that you need to be under contract by Nov. at the latest....beware that the inventory for first time homebuyers is not very high (contrary to what you may read in the media)

Call Marshall to...

Free ~ 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 MarshallWalk...

What to do, what to see and where to go! Visit this link to the SC State tourism web page!

Click Here

MarshallWalker.com

Marshall Walker is looking for able minded individual(s) who are interested in a dynamic business oppurtunity. This oppurtunity would involve opening and running a coffee shop/retail establishment from the ground up ~ ownership position with investment only ~ I am not looking for an employee.

• 1400 sq ft high traffic corner
• lots of parking
• Huge outdoor area
• Cool neighborhood
• No direct competition

email Marshall [email protected]

Please read this interesting blog on Mortgage Fraud - Please be sure to use a FULL TIME and Full service real estate agent - check credentials as I have heard stories of agent saying they are the CEO of the company locally - check references as there is no better measure of an agent than a testimonial. the same goes for your mortgage professional!

BLOG ON MORTGAGE FRAUD

I ran across this interesting article in the NY times about Historic Preservation

http://www.nytimes.com/2009/04/03/greathomesanddestinations/03your.html?_r=2&scp=1&sq=historic&st=cse

Federal Housing Stimulus

Yet another good site I have found explaining the stimulus!

CLICK HERE

Please follow this link for a FREE copy of my new Intro to Charleston newcomers guide!!

NO MONTHLY PAYMENT? How would you like to purchase a home but have no monthly payment! What!!!  

• Are you over 62?
• Do you have 50% down towards the purchase of your home?

Click Here for an article on Reverse Mortgage Principles

If you would like to speak with one of my mortgage professionals please call me at 843-532-3214 and we'll discuss briefly some financing options.

Marshall

I came across this fabulous blog yesterday explaning Mark to Market accounting - Please give it a read!

Mark to Market