If you are a member of one of SC’s Electric Coperatives you can enter a contest to help make your home more energy efficient. Enter now! Deadline is September 15.
City of Bennettsville utility bills for many customers are high likely due to the lack of weatherization in their homes and rental units. Thankfully part of the stimulus plan passed by Congress provides government assistance and tax credits to make homes more energy efficient.
In South Carolina a family of four whose income is below $44,100 can qualify for no cost assistance of up to $6500 to weatherproof their homes. Call Chesterfield Marlboro Economic Opportunity Council at 843-320-9760 for more information.
Homeowners that do not qualify for assistance can take a tax credit up to $1500 for weatherization improvements.
Expanding the tax credit could help to stimulate home sales REALTOR® Magazine-Daily News-Home Buyer Tax Credit Could Expand
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Tenants occupying foreclosured properties have additional time to stay in their homes based on the new law that went into effect May 20, 2009. The Protecting Tenants at Foreclosure Act requires that current leases be honored by the new owners of foreclosures. A minimum of 90 days notice to the tenant is required under the new law with few exceptions.
If you are a homeowner upside down on mortgate payments or victim of a recent job loss that may find yourself in trouble with paying for your home you should educate yourself on options that could help you save your family home. Most important in these troubling times for homeowners is to beware of anyone offering to recuse you from a desperate situation by requesting cash payments in advance of services.
Just like credit repair companies that will help individuals to rebuild their credit for a fee, loan modification companies that request upfront payments could be looking to take advantage of homeowners in crisis.
The truth is that homeowners can do the same thing a credit repair or loan modification company offers to consumers. In fact there are a number of free options to homeowners for help in most communities and handing over limited funds to these companies can only add injury to those already strapped for cash due to job losses. Copyright 2009, Sandra Bundy, Broker-in-Charge, B&P, Inc.
Homeowners in trouble with making mortgage payments should beware of scam artists riding the wave of increasing foreclosures. While there are legitimate companies that can help, there are also individuals out to make money off of innocent victims who fall prey to empty promises of foreclosure rescue scammers. This disturbing trend is likely to increase and homeowners should learn about foreclosure options from reliable sources.
Individuals who find themselves behind on monthly mortgage payments should always contact their lender at the first sign of trouble. A majority of loan servicers have loss mitigation departments that work exclusively with homeowners to help avoid foreclouse if at all possible. Unfortunately, many homeowners fail to take this obvious route and by doing so leave lenders with no choice but to foreclose on delinquent accounts.
The scammers find out about delinquent accounts through public records and promise to help for an upfront fee. Homeowners can avoid these so call rescue services by making calls directly to the lender themselves. They can’t do more for you than you can do for yourself.
Many servicers contract with third party home retention consultants to make contact with homeowners who are behind on payments. This service is free to the homeowner. Contact me for more information. Copyright©2008 Sandra Bundy, Broker-in-Charge, B&P, Inc. This work may not be copied or reproduced in any manner without the express written consent of the Author.
If you have ever wondered how much value a remodeling project might add to your homes value or if refinancing your home is a good idea you are not alone. Getting unbiased answers to these and other real estate related questions is coming of age with a fresh approach to Real Estate provided by Real Estate Consultants. I am pleased to announce that I have joined the ranks of ACRE Accredited Consultant in Real Estate® and now offer consulting services and have developed “Real Estate Services Your Way”™ and offer my clients a choice in Real Estate Services.
No longer are you tied to the traditional home buying or selling services provided by our Real Estate Professionals for a set commission as the options and services we can provide by acting as your Real Estate Consultant put you in charge. Contact me for more information. Copyright©2008 Sandra Bundy, Broker-in-Charge, B&P, Inc. This work may not be copied or reproduced in any manner without the express written consent of the Author.
