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Resort Brokerage & Consulting, Inc. is a residential & commercial real estate brokerage firm licensed in both North Carolina and South Carolina. We are experienced in representing both buyers & sellers in real estate and business transactions, as well as advising clients regarding potential acquisitions. We will be glad to assist you in any way possible with an unparalleled degree of professionalism.
Ocean Isle Beach, NC
Ocean views from Ocean Isle Beach, North Carolina
Monday, March 12, 2012
Friday, March 9, 2012
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
By: Esther Cho 02/20/2012
To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process.
Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval.
“There are neighborhoods across the country full of empty homes and underwater owners that have legitimate offers, but unresponsive banks,” said Murkowski. “What we have here is a failure to communicate. Why don’t we make it easier for Americans trying to participate in the housing market, regardless of whether the answer is ‘yes,’ ‘no’ or ‘maybe?’”
The legislation, also known as the Prompt Notification of Short Sale Act, will require a written response from a lender no later than 75 days after receipt of the written request from the buyer.
The lender’s response to the buyer must specify acceptance, rejection, a counter offer, need for extension, and an estimation for when a decision will be reached. The servicer
will be limited to one extension of no more than 21 days.
The bill will also allow the buyer to be awarded $1000, plus “reasonable” attorney fees if the Act is violated.
According to a release from Short Sale New England, short sale homes do not bring down neighboring home values like foreclosed homes do, and 83 percent of short sale buyers are satisfied with their purchase, according to a 2012 Home Ownership Satisfaction Survey conducted by HomeGain.
“The current short sale process can be time consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a homeowner from foreclosure,” said Moe Veissi, president of the National Association of Realtors. “As the leading advocate for homeownership, realtors are supportive of any effort to improve the process for approving short sales.”
Equi-Trax released a survey last year on the issues real estate agents face when completing short sales. Guy Taylor, CEO at Equi-Trax, said 71.9 percent of respondents reported that a short sale can take four to nine months to complete, and they think that is simply too long.”
The survey also found that 18.2 percent of deals require less than three months to complete, with 10 percent requiring more than 10 months.
When agents in the survey were asked to how the short sale process can be improved, 57.6 percent said lenders should take less time to close transactions, 14 percent said borrowers should be better educated about short sales, and 40.4 percent said both of these changes are necessary to improve the process.
In April 2011, a similar bill was introduced by Reps. Tom Rooney (R-Florida) and Robert Andrews (D-New Jersey), but this version requested a response deadline of 45 days instead of 75 from lenders. The legislation never came up for debate before a House committee.
Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval.
“There are neighborhoods across the country full of empty homes and underwater owners that have legitimate offers, but unresponsive banks,” said Murkowski. “What we have here is a failure to communicate. Why don’t we make it easier for Americans trying to participate in the housing market, regardless of whether the answer is ‘yes,’ ‘no’ or ‘maybe?’”
The legislation, also known as the Prompt Notification of Short Sale Act, will require a written response from a lender no later than 75 days after receipt of the written request from the buyer.
The lender’s response to the buyer must specify acceptance, rejection, a counter offer, need for extension, and an estimation for when a decision will be reached. The servicer
will be limited to one extension of no more than 21 days.
The bill will also allow the buyer to be awarded $1000, plus “reasonable” attorney fees if the Act is violated.
According to a release from Short Sale New England, short sale homes do not bring down neighboring home values like foreclosed homes do, and 83 percent of short sale buyers are satisfied with their purchase, according to a 2012 Home Ownership Satisfaction Survey conducted by HomeGain.
“The current short sale process can be time consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a homeowner from foreclosure,” said Moe Veissi, president of the National Association of Realtors. “As the leading advocate for homeownership, realtors are supportive of any effort to improve the process for approving short sales.”
Equi-Trax released a survey last year on the issues real estate agents face when completing short sales. Guy Taylor, CEO at Equi-Trax, said 71.9 percent of respondents reported that a short sale can take four to nine months to complete, and they think that is simply too long.”
The survey also found that 18.2 percent of deals require less than three months to complete, with 10 percent requiring more than 10 months.
When agents in the survey were asked to how the short sale process can be improved, 57.6 percent said lenders should take less time to close transactions, 14 percent said borrowers should be better educated about short sales, and 40.4 percent said both of these changes are necessary to improve the process.
In April 2011, a similar bill was introduced by Reps. Tom Rooney (R-Florida) and Robert Andrews (D-New Jersey), but this version requested a response deadline of 45 days instead of 75 from lenders. The legislation never came up for debate before a House committee.
Monday, February 20, 2012
Wednesday, February 15, 2012
Resort Brokerage's CyberTips February 2012
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Friday, February 10, 2012
Thursday, February 9, 2012
Monday, February 6, 2012
World's Most Unusual Beaches - Bird Island in North Carolina
World's Most Unusual Beaches
By Jamie Moore | Smarter Travel – Thu, Jan 26, 2012 6:08 PM ESThttp://travel.yahoo.com/ideas/world-s-most-unusual-beaches.html?page=all
Bird Island Beach
Bird Island Beach in North Carolina (Photo: www.NCBrunswick.com
Near Sunset Beach, North Carolina
On an uninhabited beach in North Carolina's Brunswick Islands—a 30-minute walk from civilization—is the little black mailbox that could. In 1981, when land-development proposals surfaced, a local resident planted the mailbox, with a notebook and pencils inside, in this unlikely spot as a plea to help save the 1,300-acre barrier island. And it worked. Old-fashioned handwritten letters helped secure Bird Island's state reserve status. Even after the island was saved, though, the letters of fond memories kept showing up. Then came a pair of reading glasses. Then a steady stream of wishes, dreams, words of encouragement, and tales of love and love lost arrived from visiting tourists who, still today, sit on the adjacent bench to bare their soul at the Kindred Spirit Mailbox.
Bird Island Beach in North Carolina (Photo: www.NCBrunswick.comNear Sunset Beach, North Carolina
On an uninhabited beach in North Carolina's Brunswick Islands—a 30-minute walk from civilization—is the little black mailbox that could. In 1981, when land-development proposals surfaced, a local resident planted the mailbox, with a notebook and pencils inside, in this unlikely spot as a plea to help save the 1,300-acre barrier island. And it worked. Old-fashioned handwritten letters helped secure Bird Island's state reserve status. Even after the island was saved, though, the letters of fond memories kept showing up. Then came a pair of reading glasses. Then a steady stream of wishes, dreams, words of encouragement, and tales of love and love lost arrived from visiting tourists who, still today, sit on the adjacent bench to bare their soul at the Kindred Spirit Mailbox.
Thursday, January 26, 2012
Tuesday, January 17, 2012
Friday, January 13, 2012
Thursday, December 22, 2011
Happy Holidays from Resort Brokerage to one & all!
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From the bottom of our hearts to the tips of our antlers, All of us at Resort Brokerage wish you and your families a safe, loving and peaceful Holiday Season! |
Wednesday, December 21, 2011
Tuesday, December 20, 2011
Monday, December 12, 2011
Monday, December 5, 2011
Tuesday, November 29, 2011
Monday, November 14, 2011
Tuesday, November 8, 2011
Friday, November 4, 2011
Thursday, November 3, 2011
1564 Widgen Court, Shallotte, NC 28470
over 4300 heated sf of living space!
Town: Shallotte
Price: $499,900
Bedrooms: 5
Baths: 3.5
Sq ft: 4301
Description:
This is one you have to see!! It has it all!! The warmth & design of this 5BR/3.5BA home welcomes you in. A cook's dream kitchen with Viking appliances and granite. Dining room seats 16. Spectacular wooden cathedral ceilings in Master Bedroom, foyer and Great Room. 2nd floor suite with private entrance includes its own kitchen. This home was designed for entertaining inside and out with a Saltwater heated pool, steam sauna, screened porches & intercom. 3 Car/1 Golf Cart garage with built-ins. 4 HVAC units. Fully lined crawl space. All this & privacy too!
This magnificent home is within only minutes from the Shallotte River, the Intracoastal Waterway and the beach and conveniently located between the historic port town of Wilmington, NC and the fast pace of Myrtle Beach, SC, with the commute to either city being within twenty to thirty miles.
Please visit us at http://www.resort-brokerage.com/ for all the details on this property and many others!
Wednesday, October 26, 2011
Tuesday, October 25, 2011
Lot 126 Tree Shore Circle, Ocean Isle Beach, NC 28469
BANK OWNED lot in Lake Tree Shores in Ocean Isle Beach!
Price: $35,000
Size: 0.445 acres
Wonderful BANK OWNED residential lot in Lake Tree Shores Subdivision in Ocean Isle Beach. This great lot is just under a half acre & is located towards the back of this lovely neighborhood that offers a clubhouse & outdoor pool. Within walking distance of the Intracoastal Waterway & 5 minutes to the beach, shopping, entertainment, golf & restaurants! Please visit us at http://www.resort-brokerage.com/ for all the details on this property and many others!
202 Edgewater Pointe, Sunset Beach, NC 28468
BANK OWNED Sea Trail Plantation lot in Sunset Beach!
Price: $35,000
Size: 0.239 acres
Description:
Great BANK OWNED Sea Trail Plantation residential lot. Enjoy the many wonderful Sea Trail amenities including golf & tennis & wonderful location without having to pay any additional Town taxes, as this lot is in the Town ETJ! Please visit us at http://www.resort-brokerage.com/ for all the details on this property and many others!
Monday, October 24, 2011
135 Royal Poste Road #3212, Sunset Beach, NC 28468
2BR/2BA Sea Trail Plantation Condo includes a 1BR/1BA lockout unit!
Town: Sunset Beach
Price: $149,000
Price: $149,000
Bedrooms: 2
Baths: 2
SqFt: 801
Description:
Enjoy the breezes from the screened porch of this third floor villa with extended views of the Maples' ninth fairway and green. Make this your home away from home. Never rented with custom features including paint throughout and ceramic tile and new furniture on screened porch. Unit comes fully furnished with few exceptions. Easy walk to Maples Clubhouse. Sea Trail amenities include clubhouse with pool, tennis and meeting spaces, parking area only minutes away on Sunset Beach and lots of walking and biking areas. This villa is a must see!
Please visit us at http://www.resort-brokerage.com/ for all the details on this property and many others!
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