Bank Owned Condo blow out (Myrtle Beach South Carolina) with Ocean access

1600 S Ocean Blvd 244,  Myrtle Beach, SOUTH CAROLINA 29577
Price: $24,900
Bathrooms: 1.00
Bank Owned – walk to ocean! View Details
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Listing courtesy of Carol Rosenthal of FI&CS LLC
1600 S Ocean Blvd 144,  Myrtle Beach, SOUTH CAROLINA 29577
Price: $24,900
Bathrooms: 1.00
Bank Owned – walk to ocean! View Details
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Listing courtesy of Carol Rosenthal of FI&CS LLC
1600 S Ocean Blvd 144,  Myrtle Beach, SOUTH CAROLINA 29577
Price: $24,900
Bathrooms: 1.00
Bank Owned – walk to ocean! View Details
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Listing courtesy of Carol Rosenthal of FI&CS LLC
1600 S Ocean Blvd 344,  Myrtle Beach, SOUTH CAROLINA 29577
Price: $24,900
Bathrooms: 1.00
Bank Owned – walk to ocean! View Details
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Listing courtesy of Carol Rosenthal of FI&CS LLC
1600 S Ocean Blvd 238,  Myrtle Beach, SOUTH CAROLINA 29577
Price: $24,900
Bathrooms: 1.00
Bank Owned – walk to ocean! View Details
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Listing courtesy of Carol Rosenthal of FI&CS LLC

Hot deals in Mrytle Beach today!

269 Seabert Rd. 269,  Myrtle Beach, SOUTH CAROLINA 29579
Price: $99,900
Bedrooms: 2
Bathrooms: 2.00
Partial Baths: 1
Perfect Townhouse!  Fully Furnished   2 Bedroom/2.5 Bath Ceramic tile in foyer, kitchen, bathrooms, eat in kitchen, master Bedroom with walk in closets, vaulted ceilings, plantatio View Details
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Listing courtesy of James Parrott of Beach & Forest Realty
6603 Meadow Crescent,  Myrtle Beach, SOUTH CAROLINA 29588
Price: $78,900
Bedrooms: 2
Bathrooms: 1.00
Located in the gated golf course community of Myrtle Beach Golf and Yacht, this charming home is the perfect getaway as a vacation home or an excellent value as a rental investment View Details
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Listing courtesy of Sam Hassell of Coldwell Banker Chicora GC
3694 CLAYPOND VILLAGE LN 8,  Myrtle Beach, SOUTH CAROLINA 29579
Price: $54,900
Bedrooms: 2
Bathrooms: 2.00
INVESTORS WON’T FIND MANY LIKE THIS ONE! MOVE-IN READY CONDO LOCATED IN BRICKYARD PLANTATION WITH MANY FEATURES & UPGRADES. CEILING FANS IN EVERY ROOM, FULL-SIZE WASHER/DRYER, IMPR View Details
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Listing courtesy of Dany Drouin of Century 21 The Harrelson Group
7000 N OCEAN BLVD 728,  Myrtle Beach, SOUTH CAROLINA 29577
Price: $47,900
Bathrooms: 1.00
GREAT TOP FLOOR OCEANVIEW EFFICIENCY IN THE CARAVELLE TOWER. AMENITIES INCLUDE INDOOR AND OUTDOOR POOLS, HOT TUBS, BAR & GRILL, LAZY RIVER, & KIDS WATER PARK! View Details
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Listing courtesy of John Lindstrand of Century 21 The Harrelson Group

©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Today’s Myrtle Beach Property deal! $62,500 highrise condo on the beach

2500 N Ocean Blvd Unit 1505 1505 Myrtle Beach, SOUTH CAROLINA 29577

Listing # 1115715:  1 Bedrooms   1 Bathrooms    700 Square Ft
View Photo Gallery (11)
Price: $62,500
Property Description

You cannot beat the views from this incredible property.  Several pools, one indoor and one outdoor as well as hot tubs.  All these amenities in the downtown Myrtle Beach setting without the overwhelming crowds of most buildings.

Basic Features
Acres: Area: Myrtle Beach Area–10th Ave N toCity Name: Myrtle BeachCounty Name: HorryNeighborhood: Schools: Myrtle Beach Elementary School, Myrtle Beach Middle School, Myrtle Beach High SchoolState: SOUTH CAROLINASub Area:
Subdivision: Type: CONDO/TOWNHOUSEZip: 29577Bathrooms: 1Bedrooms: 1Partial Baths: Square Ft: 700
Additional Features
Exterior Finish: Concrete/SteelHeated SqFt:  651-700Home Warranty: NoPossession: ClosingFor Sale or Rent: For SaleSale Stipulation: Potential Short SaleSingle Family Type: CONDOSqFt Range:  701-750Style: Hi-Rise 7+ StoriesZoning: mf
Building Name: The PalmsFurnished: YesParking: Parking DeckHOA Includes Insurance: YesRental Management Contract: YesTerms of Sale: CashUnit Location: Ocean Front,Ocean ViewHOA Paid: QuarterlyHOA Calculated Monthly: 512HOA Include HO6 Insurance: No
Exterior Features
BalconyPool – OutdoorPool – Indoor
Spa/Hot TubElevator
Utilities Available
ElectricitySewer
Cable TVTelephone
Building Location
OceanfrontOcean View
East Of Bus 17
Listing courtesy Robert Kingsley of CENTURY 21 Boling & Associates

©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Data services provided by IDX Broker
Published in: Uncategorized on September 28, 2011 at 03:37  Leave a Comment  

New Appraisal Guidelines now in Effect!

New Appraisal Standards Effective September 1 for Fannie Mae and Freddie Mac

It’s finally happened: You’ve found the perfect home for your clients. Their financing is in place. But then…despite the comparables….the appraisal comes back low, threatening to ruin the whole deal.

To help make appraisals more consistent and accurate, and prevent situations like this in the future, the Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to develop the Uniform Appraisal Dataset (UAD). The UAD will (1) define what fields are required for an appraisal submission and (2) standardize both responses and definitions for certain fields.

Here are just a few of the items impacted by the new appraisal standards:

  • Days on the Market: Days on market is now defined as the total number of continuous days. If a property is taken off the market and then relisted, the appraiser will have to count all of the days it has been listed.
  • Offering Price: The original offering price and history of all price changes must be reported.
  • Property Style: Appraisers must use appropriate architectural design indicators such as “Colonial,” “Farmhouse,” etc. Descriptions such as 1 story, 2 stories, etc are no longer acceptable.
  • Condition of the Subject Property: An overall condition rating must be assigned from the predefined condition categories provided.
  • Quality of Construction: The appraiser must rate the  quality of construction of the subject property and all comps using a  list of 6 predefined quality levels.

The UAD appraisal standards are required for all appraisals conducted on or after  September 1, 2011 for conventional loans sold to Fannie Mae and Freddie Mac.

To read FAQs about the UAD appraisal standards, visit  https://www.efanniemae.com/sf/lqi/umdp/pdf/uadfaqs.pdf.      

Courtesy of

Steve Gatermann-Wells Fargo and Kris Cooper REMAX Preferred Group via Realtor/Lender Committee Cincinnati Area Board of Realtors

Just Released: Ohio Unemployment rate July ’11 (State County Map)

Ohio and U.S. Employment Situation (Seasonally Adjusted)

Ohio’s unemployment rate was 9.0 percent in July, up slightly from 8.8
percent in June, according to data released this morning by the Ohio Department
of Job and Family Services (ODJFS). Ohio’s nonfarm wage and salary employment
increased 6,500 over the month, from the revised 5,106,900 in June to 5,113,400
in July.

The number of workers unemployed in Ohio in July was 529,000, up from 517,000
in June. The number of unemployed has decreased by 60,000 in the past 12 months
from 589,000. The July unemployment rate for Ohio was down from 10.0 percent in
July 2010.

The U.S. unemployment rate for July was 9.1 percent, about unchanged from 9.2
percent in June.

Total Nonagricultural Wage and Salary Employment (Seasonally
Adjusted)

Ohio’s nonfarm payroll employment increased 6,500 over the
month, from 5,106,900 in June to 5,113,400 in July, according to the latest
business establishment survey conducted by ODJFS.

Goods-producing industries, at 821,200, were up 9,100 from June, driven by an
increase in manufacturing (+7,900) and slight improvements in construction
(+1,100) and mining and logging (+100). Service-providing industries decreased
2,600 over the month to 4,292,200. The most significant losses occurred in
leisure and hospitality (-6,500) and educational and health services (-2,900).
Other industries losing jobs included trade, transportation, and utilities
(-500), and government (-400). Professional and business services (+6,000),
financial activities (+1,000), other services (+500), and information (+200)
experienced over-the-month gains.

Over the past 12 months, nonagricultural wage and salary employment advanced
74,100. Service-providing industries added 55,800 jobs. The most significant
gains occurred in educational and health services (+25,000), professional and
business services (+20,000), and leisure and hospitality (+11,300). Trade,
transportation, and utilities (+5,700), other services (+4,400), and financial
activities (+1,800) also experienced growth. Government declined 11,900 and
information lost 500 jobs. Goods-producing industries increased 18,300 over the
year. Manufacturing added 11,900 jobs, as a gain in durable goods (+15,800)
exceeded a loss in nondurable goods (-3,900). Construction (+5,900) and mining
and logging (+500) also increased from July 2010.

EDITOR’S NOTE: All data cited are produced in cooperation with the U. S.
Department of Labor. Data sources include Current Population Survey (U.S. data);
Current Employment Statistics Program (nonagricultural wage and salary
employment data); and Local Area Unemployment Statistics Program (Ohio
unemployment rates). More complete listings of the data appear in the monthly
Ohio Labor Market Review. Unemployment rates for all Ohio counties
as well as cities with populations of 50,000 or more are presented in the
monthly ODJFS Civilian Labor Force Estimates publication. Updated
statewide historical data may be obtained by contacting the Bureau of Labor
Market Information at (614)
752-9494 begin_of_the_skype_highlighting              (614)
752-9494     end_of_the_skype_highlighting. Ohioans can
access tens of thousands of job openings, for positions ranging from file clerks
to CEOs, at www.ohiomeansjobs.com.

News
release dates

A calendar of 2011 release dates is available online at http://OhioLMI.com/laus/releases.htm.
County, city and metropolitan area unemployment rates for July 2011 will be
posted online at http://OhioLMI.com/laus/current.htm
on Tuesday, August 23, 2011. August 2011 unemployment rates and nonagricultural
wage and salary data for Ohio will be released by ODJFS on Friday, September 16,
2011. This information and the monthly statistical summaries it is based on are
also available at http://jfs.ohio.gov/releases.

Choose this link to view the table on the Ohio and U.S.
Employment Situation
.

Choose this link to view the table for the Nonagricultural Wage and Salary
Employment Estimates for Ohio
.

 

Published in: on August 26, 2011 at 05:07  Leave a Comment  
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June 2011 Cincinnati Home sales report

Home Sales Reach 1,781 in June;

Median Sale Price Inches Up 1.5%

 

Thanks to continued low mortgage interest rates and overall housing affordability, there were 1,781 home buyers last month in the local area.

 

That’s down 17% from a year ago, but at that time there was a $6,500 to $8,000 federal income tax credit for qualified home buyers.  That boosted sales in June 2010.

 

Pete Kopf, president of the Cincinnati Area Board of Realtors, said “Considering there is no home tax credit this year and a 9% unemployment rate, we think that having 1,781 home buyers last month is a testament to the belief that home ownership is a good thing in the public’s minds.”

 

The average home sale price last month was $166,303, only a 3% dip from a year ago.  The median sale price actually rose by 1.5%, to $132,000.  The median price is the mid-point in the overall price range of sales.

 

Mortgage rates have held below 5% this year.  They averaged 4.59% in June, compared to 4.78% a year earlier.  Lower rates and attractively-priced inventory help home affordability, due to lower monthly mortgage payments.

 

Another advantage for home owners, as usual, is the deductibility of mortgage interest and property taxes from their taxable income.  That means they pay less in federal income taxes.  Renters don’t get that advantage.  A homeowner also realizes – eventually – that their house will be fully paid for, which is great for retirement planning.  Renters never have a residence that is paid for, which could be a detriment to retirement years.

 

“Smart buying is going on today — 1,781 home buyers proved that just last month,” said Kopf.  “With home affordability at a record high (dating back to 1970), the smart trend of home buying will continue.”

 

— more on page 2 –

 

 

 

Page 2 of 2

June Home Sales

 

 

 

 

Summary of Single Family and Condominium Sales

Multiple Listing Service of Greater Cincinnati

Cincinnati Area Board of Realtors®

 

June Home Sales

                                                            Closings          Gross Volume         Average Price          

June 2011                     1,781              $296,185,643              $166,303

June 2010                     2,156              $369,717,348              $171,483

Variance          -17.39%                     -19.89%                  -3.02%

 

 

Year-to-Date Home Sales

 

                                                            Closings          Gross Volume          Average Price         

Jan-June 2011                8,222          $1,218,105,744             $148,152

Jan-June 2010                9,559          $1,503,391,725             $157,275

Variance          -13.99%                     -18.98%                  -5.80%

 

 

Nationwide, June home sales were down 0.8% from May on a seasonally

adjusted basis, and down 8.8% from June 2010.  Sales surged in May and

June of 2010 in response to the home buyer tax credit.

Criteria for buying a home after a short sale

Below are the waiting periods for borrowers who want to buy a home after they have had a short sale. These are conventional only, not FHA.

1. The new loan will be at 80% LTV or less – Must wait 2 years from SS settlement date.

2. The new loan will be at 80.01% LTV or Higher – Must wait 5 years from SS settlement date.

If you have any questions, please contact
Chris Johnstone
Home Loans Manager, Retail Mortgage Sales
Bank of America
christopher.johnstone@bankofamerica.com
513-582-2154

Mortgage Rates: Update

Critical Week for interest rates and we will keep you up to minute informed!

Minimum Credit score FHA 620

*4.375%

30 Year Fixed Rate

Normal Closing costs

*4.50%

30 Year Fixed Rate

$250 Closing Cost Special

*4.50%

No PMI with 15% down

30 Year Fixed Rate

Normal Closing costs

*3.0%

5 Year ARM

Normal Closing costs

*3.25%

5 Year ARM

$250 Closing Cost Special

*3.50%

15 Year Fixed Rate

Normal Closing costs

*3.75%

15 Year Fixed Rate

$350 Closing Cost Special

*4.25%

FHA/VA 30 Year Fixed

0 Points

Courtesy
TR Wise

Daily mortgage interest rates update

Minimum Credit score FHA 620

*4.375%

30 Year Fixed Rate

Normal Closing costs

*4.625%

30 Year Fixed Rate

$250 Closing Cost Special

*4.625%

No PMI with 15% down

30 Year Fixed Rate

Normal Closing costs

*3.0%

5 Year ARM

$250 Closing Cost Special

*3.625%

15 Year Fixed Rate

Normal Closing costs

*3.875%

15 Year Fixed Rate

$250 Closing Cost Special

*4.375%

FHA/VA 30 Year Fixed

TR Wise

Sales Manager

1st National Bank

7451 Mason-Montgomery Road

Mason, Ohio 45040

Office/Cell (513) 238-0999 begin_of_the_skype_highlighting (513) 238-0999 end_of_the_skype_highlighting

Fax (513) 672-0479

ODOT Update: St Rt 132

 

Notice of Detour – State Route 132
Clermont County (Tuesday, July 19, 2011) – Culvert replacement will require closing State Route 132 approximately 1000 feet south of Main Street from 7 a.m. Tuesday, July 26 to 3:00 p.m. Thursday, July 28.
Northbound SR 132 traffic will be detoured east on SR 125 to north on SR 222. Southbound SR 132 traffic will use the same detour in reverse. The detour is an additional 2.6 miles or approximately five minutes.

Arrow boards and signs will be in place prior to the work zone to alert motorists of the upcoming road closure and detour.

To help ensure the safety of the construction workers as well as the traveling public, motorists should remain alert, reduce their speed and watch for stopped traffic while passing through the work zone.

Published in: on July 20, 2011 at 07:53  Leave a Comment  
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