The BT Homes Group

Bank of America has announced that it is going to resume foreclosure of more than 100,000 homes in 23 states.

Other main financial institutions are also expected to follow suit and foreclosures will restart in 23 states in the nation.

Bank of America is still holding up foreclosures in other 27 states.

The 23 states where the bank will resume foreclosures are Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin.

The bank halted foreclosures in all 50 states after allegations against employees that they signed documents without reviewing them. These employees were called ˜robo signers™.

The bank will now resubmit the documents with new signatures and it could delay nearly 30,000 foreclosures in these 23 states requiring court™s approval.

This accelerated foreclosure process is good news for the Bank of America as the longer it would have taken to resume foreclosure, the more money the bank would have lost

In a recent interview, a Bank of America admits not reading foreclosure papers before signing them….due ‘to the volume’ she had to sign.   To read the story, click the link to cnbc.com below.  

 http://www.cnbc.com/id/39464483/

Everyone has questions about short sales these days.   Do you?   Are you a homeowner with questions about qualifying or how the process works?   Are you a realtor working with a buyer who is interested in home being sold through short sale & you need to know what expectations to set for them?  

If this is you, go to our website (www.BTHomesInc.com) and click on the ‘short sales’ tab!!   We have added TONS of information to help answer your questions about short sales.   If you’re a homeowner looking to have us help you in the sale of your home, we even have an area for you to fill in the information we need to get started.  

We hope you find this helpful!   We are always trying to find ways to help you!   If we can answer any questions you can’t get answered on our site, PLEASE contact us so we can get you the information!  

Do you wonder what improvements, decluttering, staging or painting can do to the marketability and value of your home?   Here are some of the ‘improvements and/or suggestions’ we suggest with some of our clients, the typical cost involved and what the return on investment can be.   Enjoy!

1.   Clean and Declutter.   Cost-$165-$290.   Value increase, $1,385-$1,800.   Return on investment, $605%!

2.   Landscape front and/or back yards.   Cost, $350-$540.   Value increase, $1,570-$1,975.   Return on investment, 298%!

3.   STAGING (This is SO important in our current market!).   Cost, $300-$455.   Value increase, $1,880-$2,350.   Return on investment, 456%!!   WOW!!

4.   Update kitchen & bathrooms.   Cost, $1,350-$1,775.   Value increase, $3,000-$3,700.   Return on investment, 115%!

5.   Replace or shampoo carpeting.   Cost, $540-$800.   Value increase, $1,600-$2,100.   Return on investment, 176%!

6.   Paint Exterior Walls.   Cost, $540-$800.   Value increase, $1,750-$2,200.   Return on investment, 195%!

7.   Paint Interior Walls.   Cost, $700-$980.   Value increase, $1,750-$2,200.   Return on investment, 136%!

8.   Repair Damaged Flooring.   Cost, $650-$890.   Value increase, $1,600-$2,035.   Return on investment, 136%!!

You see how little it can cost to correct hurdles that may prevent you from putting your best foot forward when selling your home?   Let us know if you have any questions about what to improve when looking to put your home on the market, we’re here to help!  

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

To qualify as a œfirst-time home buyer the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Will the Credit Be?

The maximum allowable credit for home buyers is $8,000. Each home buyer™s tax credit is determined by two factors:

The price of the home”the credit is equal to 10% of the purchase price of the home, up to $8,000.

The buyer’s income”single buyers with incomes up to $75,000 and married couples with incomes up to $150,000”may receive the maximum tax credit.

If the Buyer(s)™ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income”over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

SOURCE: REALTOR.ORG

I just had the nicest conversation with a client I am meeting tomorrow to tour homes.   In order for her to qualify to purchase a new home, the only way it would be possible is if there is a program out there to help her.   FOUND IT!   I love it when I learn something new and it helps someone achieve something they didn’t think was possible.   She’s so excited……and so am I, as this is why I got into real estate in the first place.   Sometimes things aren’t ‘easy’, but taking the time to find a way to help someone in a challenging position is the greatest part of what I do.   Happy day!

Hello there!

Things have been happening with the BT Homes Team!   Our team is growing so we can better serve you!   This year, we have been able to help more people achieve their dreams than we thought possible….in a market classified as “challenging”.   Homes  ARE selling!   There are such incredible opportunities in certain sectors of the market.   We’re seeing people who really  understand the  market selling their homes at small losses so they can turn around and ‘buy up’.   Meaning, a much larger home than they were in for maybe only dollars more than the one they sold.   Is that cool or what?  

We’ve had several people decide that this is the perfect time to invest……IT IS!!   Real estate is, and always will be, a fabulous investment over the long haul.   There hasn’t been a better time to think about creating future wealth for you and/or your family!

On the flip side, and the saddest part of this market, we have been busy helping homeowners navigate their way through selling their home by short sale.   These are when you have financial hardship, cannot make your mortgage payments and we sell your home for less than you owe the bank.   They take time, but the outcome is FAR better than their home going into foreclosure.   Though these are the most time consuming things we do, they are dear to me.   Helping someone when they are at what may be the hardest time in their life, helping relieve some of the stress they are under…..well, it’s priceless.   So, we continue to help as many people through them as we can.   If you know someone who has gone through a financial hardship and may be struggling to keep up with their mortgage, let us know or let them know about us.   We NEED to talk to them and see if we can help!   The sad truth is, I just went to a seminar where they told us that 90% of the homes that have gone to foreclosure never attempted to sell at all.   They just don’t know there is any other option, so help me get the word out, please!

So many of you know me personally…..please call, email or text me if you have ANY questions about what is happening in the market.   The media certainly doesn’t always report things accurately!   (surprise, huh?)   We pull statistics weekly, tour new homes on the market and watch the saturation rates so we can relay that information to you!

Wow, read below for another fantastic reason to call North Carolina HOME!!!  

New York, Texas, Florida. For the second straight year, those are the most expensive states in which to get a mortgage. Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $3,118, according to Bankrate’s annual survey of closing costs. The fees in the survey don’t include taxes, insurance or prepaid items such as prorated interest or homeowner association dues.

Fees in New York City were highest, averaging $4,016 in Bankrate’s survey. Houston came in second, with fees that averaged $3,975. After that came Buffalo, N.Y., with fees averaging $3,845, and then Miami, at $3,683. North Carolina had the least expensive closing costs in the survey, at an average of $2,650. The previous year, Indiana took the last spot.

The annual survey of online lenders is conducted by obtaining fee estimates for a $200,000 mortgage in each state’s most populous city.

Source: Bankrate.com

Seller to pay $10,000 in closing expenses!!

Location: Wildwood Cove

This home has everything! Perfect for entertaining! 3 level, ALL brick home on treed 1.21 acre lot! 4 bdrms, 3 full baths, 2 half baths,vaulted ceilings, granite in kitchen & all baths, main level owners retreat w/double trey ceiling w/uplighting, enormous master closet w/built-ins & center island, basement w/custom built bar area, den & billard room, 2 tank hot water heater split system, and lake access! 3rd garage located in rear of home & currently used as workshop. All details thought of in this home. You will see the value in this one….BOATSLIP INCLUDED! Turn key lake living……summer is almost here!!!

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Contact Information

Tammi Juengst

704-361-6188

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Pricing

Price: $575,000.00

Flexibility: Motivated!

Additional Pricing Information: This home is simply breathtaking! So much to offer compared to similarly priced homes….you will immediately see value when you see the endless features showcased throughout this one! Seller is motivated, wants relocated by summer!!

Property Location

161 Kenway Loop
Mooresville, NC 28117
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Features

Bedrooms: 4

Bathrooms: 3 Full, 2 half

Parking Spaces: 2

Year Built: 2004

Subdivision: Wildwood Cove

Lot Size: 1.21

Garage Size: 3

School District: Iredell Statesville Schools

Square Footage: 4636

Agent Name: Tammi Juengst

Broker: Keller Williams

MLS #: 837984

Attributes

Appliances

Range/Oven

Full Refrigerator

Dishwasher

Sink Disposal

Microwave

Cooktop Electric

Convection Oven

Ceiling fans

Interior Amenities

Fireplace

Hardwood Floors

Wet Bar

Security System

Vaulted Ceilings

Basement

Whirlpool

Surround Sound

Exterior Amenities

Patio

Boat Slip

In-ground Irrigation

Lake Access with boat ramp

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VFLYER ID: 2276987

Short Sale Approved – New Contruction 4648 SF

Location: Sycamore Ridge

SHORT SALE POSSIBILITY, BANK TO APPROVE ALL OFFERS. NEW CONSTRUCTION, Kitchen w/custom Lyptus cabinets, island, & pot filler.Keeping rm off w/fireplace & custom wood ceiling, great rm w/ coffered ceiling, fireplace & built-in’s, dual staircase, marble foyer, master bath w/his&hers commodes w/hers having a bidet, separate vanities, center shower w/dual entry, upstairs library, 2nd master, on & on!!

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Tammi Juengst

704-361-6188

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Pricing

Price: $750,000.00

Flexibility: Negotiable

Property Location

317 Sycamore Ridge Road
Concord, NC 28025
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Features

Bedrooms: 4

Bathrooms: 4.5

Year Built: 2007

Subdivision: Sycamore Ridge

Lot Size: .93

Garage Size: 3

School District: Cabarrus

Square Footage: 4648

Agent Name: Tammi Juengst

Broker: Keller Williams

MLS #: 850357

Attributes

Appliances

Range/Oven

Dishwasher

Sink Disposal

Microwave

Central Vacuum

Interior Amenities

Fireplace

Hardwood Floors

Kitchen Island

Vaulted Ceilings

Network Ready

Ceiling Fans

Exterior Amenities

Patio

Grass Lawn

In-Ground Irrigation

Porch

Photo Gallery

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EQUAL HOUSING OPPORTUNITY

VFLYER ID: 2413659