 | Sonja Babic PRIME Realty NC LLC (252) 617-0861 Email: homes@sonjababic.com Website: Havelock, NC real estate       | |
Listed by: PRIME Realty & Development LLC
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This is a truly amazing piece of New Bern history. well built historic home lovingly restored and updated. Right now with brand NEW roof and price reduced. This amazing home is currently offered for ONLY $229,900!!! Dont let this one get away
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PRIME Realty NC LLC
PRIME Realty NC LLC (252) 637-7463 homes@sonjababic.com http://www.PRIMERealtyNC.com
Listed by: PRIME Realty NC LLC |
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Sonja Babic
PRIME Realty & Development LLC (252) 617-0861 homes@sonjababic.com http://www.SonjaBabic.com
Listed by: PRIME Realty & Development LLC |
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Our recent listings
Lots of potential
Peaceful private oasis close to everything in New Bern Great rental history FOR RENT DEAL of the year!
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Nearby properties for sale |
What is a short sale?
When the owner of a property owes more on the mortgage than the property is worth and can't make up the difference, the mortgage holder must agree to take less than is owed in order for the owner to sell the property. This is called a short sale. If foreclosure proceedings have already been started but not yet completed, a short sale can also be a pre-foreclosure. That means it is not yet owned by the bank, but the foreclosure process has been started.
Who actually makes the decision to approve a short sale?
Sellers are not allowed to profit in any way from a short sale transaction. So the seller really don’t care what he/she sells the home for. Surprisingly enough, the seller's lender, who is probably only servicing the loan, doesn’t care either. The servicing bank merely collects the appropriate documents and presents the entire file to the investor who is actually holding the note and is owed the money. So the investor is the only one who cares how much the sales price is. And each note has a different investor. Literally, you could have two identical homes with two identical cash offers being serviced by the same bank, and yet one will get approved and the other will not. It is entirely up to the investor holding the note how much, if any, loss they are willing to take.
Why do short sales normally take such a long time?
Servicing banks (like Bank of America, Wells Fargo, Chase, etc.) make money by collecting monthly payments on mortgages notes on behalf of the note investor. As soon as the borrower stops paying on the note, the servicing bank stops making money. The bank then has little monetary incentive to hire a large number of employees or install the necessary infrastructure (computers, faxes, etc.) necessary to complete thousands of complicated files. Often minimum wage employees will quit in the middle of a file, so the next person hired has to start all over again. On top of that, once a file is finally completed, it must be presented to the note holder. If the note holder is a large institution like a major insurance company, it can take a long while to sign off on a substantial loss. It can literally take three to four months to get any sort of an answer back on from the bank on a short sale.
Why do most short sales fail?
Most short sales fail simply because of the time it takes to find out from the bank if they are approved. Even the most serious buyer can become fidgety after a month or two (or more) of waiting to hear something, anything. That is why it is crucial for the seller's agent to give weekly updates to the buyer’s agent, even if there is nothing new to report. Just a steady stream of communication can keep a deal alive. The second most common reason short sales fail is the difference in appraisal values between the short sale bank and the buyer’s lender. Again, a strong listing agent can go a long way toward documenting reasons for a lower sales price, though again this is ultimately the decision of the investor and sometimes those decisions seem to make no sense at all! But it is quite common to see the same property go into escrow several times before a successful closing. There is nothing wrong with the property itself, just the process.
That is why it is vital that the seller, the buyer and the agents all remain calm and be willing to jump through many hoops to a successful close.
Guaranteed, there will be many hoops! :)
But the patient buyer can get a great deal and the seller can walk away with a clean slate, and that is what makes it all worthwhile for both parties.
Use this link to see Short sales currently listed for sale in New Bern North Carolina
http://www.easternncmls.com/new/maildoc/babis_1329494636-Feb-17-2012-11_03_56am.html
And as always if you have any questions or if there is anything else we could help you with give us a call 252-637-7463 or email us at Info@PRIMERealtyNC.com
We are here to help you get the BETS possible deal!
Great family home on 1 acre!
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ONLY 27 foreclosures for sale today!!! This number is going down ..... Dont miss out.....
BANK OWNED HOMES AND FORECLOSURES UNDER $150,000
20 Homes Available
http://www.easternncmls.com/new/maildoc/babis_1319551358-Oct-25-2011-10_02_38am.html
When purchasing Bank Owned home make sure to have your Earnest Money in Certified funds.
BANK OWNED HOMES AND FORECLOSURES $150,000 - $300.000
7 Homes Available
http://www.easternncmls.com/new/maildoc/babis_1319551734-Oct-25-2011-10_08_54am.html
BANK OWNED HOMES AND FORECLOSURES $300,000 AND UP
Currently 2 HOMES available in this price
range
http://www.easternncmls.com/new/maildoc/babis_1319551876-Oct-25-2011-10_11_16am.html
How can you ensure when buying a foreclosure or bank owned home that you are getting a deal? Work with an experienced Buyers Agent on your side!
Call Sonja 252-617-0861
Strawberries are in season and Craven County’s best-known celebration of the juicy fruit is this weekend April 29th and 30th.The carnival atmosphere kicks off at 5 p.m. Friday and continues to 10 p.m., with rides, crafts, food and vendors. About 40 vendors have signed up to sell food and merchandise.
Dont miss out!!! Here in New Bern we are seing some fantastic deals, prices are falling down and interest rates are unbelivable. Check this one out
437 Gatewood Dr. in River Bend NOW ONLY $231,000
NOAA Issues Atlantic Hurricane Season Outlook, Encourages Preparedness
Recommended Disaster Supply Kit
Have an emergency supplies ready and packed in one place before disaster hits. Store supplies in an easy to carry case or container with ID tag (very important!)
For Medical Needs
First Aid Kit
Prescriptions and all the medication you are currently taking with instruction and dosage information's.
List of allergies
Extra glasses and hearing aid batteries.
Medical insurance information's
List of doctors as well relatives to be contacted should you gat injured
General Emergency Supplies
Battery operated radio or TV, flashlight and extra batteries
Change of clothing, shoes and rain gear
Blankets or sleeping bags
Extra set of keys
Cash, credit cards, cell phone, cell phone charger
Personal hygiene supplies
Phone numbers for friends and family
Insurance agent name and number
Proof of residency (Driver license is not sufficient you need tax bill or such)
Water
1 gallon per person per day, and plan on at least 3 days. Make sure it is stored in light and unbreakable containers.
Non perishable food
Chose food that are easy to carry and that are ready to eat. Make sure to get something nutritious and include appropriate openers
Important family documents
They should be kept on one place in a water proof, portable container at all times.
Special Items
Baby Items
Pets Items
Entertainment (books, light electronics etc.)
Your North Carolina Broker
Sonja Babic
252-617-0861
www.SonjaBabic.com
Sonja Babic with Prudential Clear Water Realty is your New Bern and North Carolina Real Estate Broker! Looking for waterfront, historic or golf? We have it all! Conveniently located and with so much to offer New Bern is a great place to work, play and retire!
This year government wants to give you $8,000 why not take it?
Take advantage of this great and unique opportunity and get some money from government. There is so much you might not know and yes you might qualify as well to take advantage of this. There are many misconceptions about this credit and one of them is that if you previously owned a home you cannot qualify. WRRONG First time buyer is a buyer that have not purchased home in the last 3 years! There might me more for you to learn so please take your time and watch this great video that explains it very well.
After that search for homes at www.SonjaBabic.com or call me to find you a home!
Your North Carolina Broker
Sonja Babic
252-617-0861
www.SonjaBabic.com
Sonja Babic with Prudential Clear Water Realty is your New Bern and North Carolina Real Estate Broker! Looking for waterfront, historic or golf? We have it all! Conveniently located and with so much to offer New Bern is a great place to work, play and retire!
Please contact me for more information's or to request your FREE info pack!
This is a dramatic video (30-second, very short) about how to deal with acommon kitchen fire ... oil in a frying pan. Read the following Introduction, then watch the show ... It's a real eye-opener!!
At the Fire Fighting Training school they would demonstrate this with a deep fat fryer set on the fire field. An instructor would don a fire suit and using an 8 oz cup at the end of a 10 foot pole, toss water onto the grease fire.
The results got the attention of the students. The water,being heavier than oil, sinks to the bottom where it instantly becomes superheated. The explosive force of the steam blows the burning oil up and out. On the open field, it became a thirty foot high fireball that resembled a nuclear blast. Inside the confines of a kitchen, the fire ball hits the ceiling and fills the entire room. Also, do not throw sugar or flour on a grease fire. One cup of either creates the explosive force of two sticks of dynamite.
Is it finally time to get off the fence and buy? 
