About Henderson County, TN

I am a member of the 2009 Leadership Henderson County Class and we are hosting a Golf Tournament Saturday, Sept 26 at Falcon Ridge Golf Course.

2009 LEADERSHIP HENDERSON COUNTY GOLF SCRAMBLE

ENTRY FEE: $200 per team ~ 4 man team ~ form your own

SPONSORS: Hole Sponsor $100 ~ Name Printed on Sign located on Tee box

• Verbal Recognition at Tournament

• Name on Thank You Sheet given to each golfer

___ Yes! I want to be a sponsor! Contact Name:__________________________________

Phone Number:_________________________________

___ Yes! I want to enter a team! Contact Name:__________________________________

Phone Number:_________________________________

Please respond to: Lance Perry • lance_perry@us.aflac.com • 267-0005

Vicki Bunch • Henderson County Chamber

149 Eastern Shores Dr. • 968-2126 • fax 968-7006

vickibunch@hendersoncountychamber.com

Proceeds from the Golf Scramble will be used at the NEW Soccer Complex!

FORMAT: Four Man Scramble

WHEN: Saturday, Sept. 26th

WHERE: Falcon Ridge Golf Course

TEE TIME: 10 a.m.

Lunch Provided

CASH PRIZES!!

I was just reading an article about relationships. It says that it takes 20 positive statements to outweigh the harm done by ONE negative statement. SO if that is true for relationships would this not hold true for any negative statements...like the negative statements concerning the housing market in general.

This would mean that as a Realtor I must communicate 20 positives to buyers and sellers to overcome just ONE negative. Plus heaven forbid it's a negative comment that comes from a fellow agent lamenting the current housing state of affairs.

~Communicate the Positive~

The First Time Home Buyer's Tax Incentive is still available

Interest Rates are still relatively low

Selection of Homes on the Market is Good

Recessions do not last for forever

Congress continues to change the way mortgages are done. Effective July 30, 2009, there are several changes that will take place per the HERA/MDIA laws recently passed.

The new laws require the borrower to receive the initial disclosures and have 3 days to review BEFORE we can collect any type of fees. (Including appraisal fees).

Because of the new HVCC (Home Valuation Code of Conduct) - the borrowers now have to charge to a credit card or debit card the appraisal fee. Basically, what the new change means is that we cannot order an appraisal until 3 working days after the initial disclosures have been signed here at our office.

Further, the borrowers will receive "initial disclosures" from the mortgage company when the file is actually submitted. The new law stipulates that a purchase transaction (where financing is concerned) cannot close until 7 business days after the initial disclosures are sent from the mortgage company. Not the disclosures we give them here, but the ones they receive in the mail from the mortgage company.

If for any reason, the fees or loan amounts need to be changed, a "re-disclosure" has to be sent by the mortgage company. That will further delay a closing because if fees change, and a re-disclosure is required, the law stipulates the closing cannot occur until six business days after the mortgage company sends the new disclosures to the borrower.

Traditionally, a closing date is established by the borrower and seller when the sales contract is finalized. While the practice of establishing a closing date at contract signing will continue, please be aware of the MDIA guidelines and the restriction they impose about the time frame of when a transaction can actually close.

We all will survive this market and the sweeping changes that continue to bombard us. But be prepared to hear,"Will This Loan Ever Close"?

RE/MAX Unlimited 870 W. Church St. 731-249-5376 http://unlimited.tennessee.remax.net

Linda Lipscomb 731-695-1118 http://LindaLipscomb.com