About Columbia's Village Of Kings Contrivance

203k Draw Process - Why do we have to wait so long for our Check?


You have probably heard about the nightmare/horror stories of people working through issue after issue to get their 203k closed. I actually know someone that worked 9 months with their loan officer to move towards closing, ultimately to discover that they actually had to WAIT OVER 60 DAYS FOR THEIR FIRST DRAW CHECK!

AHHHHH!

A few INSIDER POINTERS to help you and your 203k planning:

1. Go FHA 203K Streamline, ANY chance you can - Verify that the mortgage company you are working with will advance 50% of your renovation funds UPFRONT!

2. Work with a Company with their own DRAW DEPARTMENT - You will avoid the 60 day waits for your 1st advance and keep your contractor happy.

3. IF you are using a HUD 203k Consultant - Consult for the soonest you can submit for your 1st draw (the 1st and last draw take the most time - get started on the request)

4. Advances for Materials - HUD allows for material advances on large end items (flooring, HVAC, cabintes/countertops, roofing, etc..)

The most important thing I can tell you is PLAN. Most Loan officers are only around for the commission and BELIEVE THEIR JOB IS DONE WHEN YOU SETTLE... BOLLOCKS!

Make sure you work with someone that knows the process, has experience and maybe even cares a little bit. ;)


Go out, buy houses, make equity, enjoy your life.... It's much too short.

b

Open House in Columbia. November 14th 2010. 

 9016 Early April Way in Kings Contrivance. 1pm till 3pm

9016 Early April Way COLUMBIA, MD Spacious Columbia Townhome with all the Trimmings 4BR/3+1BA Townhouse $325,000 Year Built 1983 Sq Footage 1,635 Bedrooms 4 Bathrooms 3 full, 1 partial Floors 3 Parking 2 Lot Size 1,379 sqft HOA/Maint $38 per month Description What more could you want in Columbia? A SPACIOUS 4 Bedroom, 3.5 Bath townhome that has been lovingly taken care of. Sparkling eat in Kitchen, HUGE Master Bedroom, updated Bathrooms and great Howard County Schools Property Features Central A/C Central heat Fireplace Walk-in closet Hardwood floor Tile floor Family room Living room Dining room Dishwasher Refrigerator Stove/Oven Microwave Granite countertop Stainless steel appliances Basement Washer Dryer Balcony, Deck, or Patio Other Special Features Gormet Chefs Kitchen Refinished Hardwood Floors 2 Years Young Furnace and Central A/C Replacement Windows Double Decks Tucked Away on a Cul de Sac Howard County Schools Money Magazine 2nd Most Desirable Place to Call Home. Additional Photos Welcome Home Gourmet Kitchen Dining Area Huge Master Bedroom Terrific Family Room Double Decks Contact Info Ellie McIntire The McIntire Team of Long & Foster (410) 480-3398 For sale by agent/broker

If you or someone you know is thinking of Buying or Selling property in Howard County, Baltimore County, Baltimore City, Harford County, Anne Arundel County, Carroll County, Montgomery County or Prince Georges County. - or if you would like more information please give Ellie McIntire a call at 443-418-7668 or e-mail Ellie@LNF.com

Ellie McIntire

The McIntire Team

9171 Baltimore National Pike

Ellicott City. MD 21042

 410. 461 1456      

 410. 750 8781  (FX)

443. 418 7668       (cell)

E-mail:  Ellie@LNF.com

http://www.elliesteam.com

We redefine the essence of service

Last year I was pretty upset about what was going on behind my Columbia, MD townhouse. It was necessary, I knew, but I was afraid that I would not see some small friends again. There had been a little stream that ran between houses, and the county determined it needed enclosing to direct runoff better. So for weeks it seemed there were large, noisy beasts galumphing along the stream, digging a trench, installing enormous concrete pipe, and then covering it all over.

That was fine. What wasn't fine was the removal of dense bushes and some trees that had lined the stream. They had to go for the work to proceed, but I knew that those same bushes were home to a couple of groundhogs, the neighborhood rabbit we named "Scamp", and the trees gave cover to cardinals, blue jays, and especially to ruby-throated hummingbirds. The occasional deer wandered by, too. I was afraid they were gone forever when the bushes were removed and some trees taken down.

It turns out nature is more forgiving than I am. The groundhogs have moved on, but I did see Scamp - or one of his cousins - earlier this year. And the hummingbirds are back! Not as many this year, but still, I have regular customers for my new and improved hummingbird feeder.

Which brings me to the new neighbors. A delightful young couple with a toddler and a baby soon to be born, the young man has generously offered to mow our tiny patch of lawn - a kindness I'm grateful for. Then one day he told us they had enjoyed watching the hummingbirds and would I like to see the photos he'd taken? Of course! And now you can see them, too. These tiny wonders of nature, like flying jewels, are one of the best parts of summer. And despite my fears, they are back for us - and our new neighbors - to enjoy.

Brian Hughes took these wonderful photos, and said I could share them with you.

When I first moved to the Kings Contrivance village of Columbia, there was a grocery store in the village center that was convenient but old and fairly depressing. It was replaced in short order by a Safeway that was better, but not much. I always found their store arrangement puzzling; aisles marked "Breakfast" and "Dinner" didn't actually tell me what I would find there. And what was plastic wrap doing in the "Dinner" aisle anyway? The worst part was that it never seemed quite as clean as it might be, and some genius had ordained that there should be music aimed at 20-somethings played loud enough to make it hard to concentrate when I was reading a nutrition label. The best I could say for the store was that it was convenient, but that wasn't enough to keep me as a customer.

I chose to drive a couple miles farther away to get to a Giant Food in Owen Brown Village that had been renovated and enlarged. Giant had a logical layout and generally pleasant people. They ran specials and sent coupons in the mail for things I actually bought. The stores were clean and I could usually find what I wanted.

But of course that couldn't last. Giant was acquired by the Dutch outfit that owns the Stop 'N Shop stores. What had been a well-run local chain deteriorated as the "suits" declared that some products I liked didn't turn quickly enough, and that variety in all departments was not as important as volume sales. But, it was still the best alternative, especially as the old Safeway had closed (no surprise).

Then the news made local headlines – our Kings Contrivance center would get the first Harris Teeter store in the area! There would be genuine competition to the Giant/Stop 'N 'Shop. And guess what? As the old Safeway building was being demolished, the Giant began a renovation project that eventually made the store brighter and more open. I think they also did some staff training because the helpfulness and courtesy levels increased. And though they still don't have everything I want, the Giant is a fine place to shop.

Except that Harris Teeter is now open and well worth the wait. Not only is the store several notches above anything around in terms of selection, the people who staff the store have clearly been chosen for their genuine caring attitude, courtesy, and helpfulness. There are small touches throughout the store that show it was designed with convenience in mind. Since it's new, the store is bright and spotless.

Will there be newer stores to give Harris Teeter some competition of their own? Of course. But I see that as a plus. The threat of competition from Harris Teeter spurred Giant to make changes that they needed to make anyway. With a Wegman's on the horizon, maybe Harris Teeter will try harder, too.

Whether it's groceries or real estate or writing, having competitors can inspire us to do more and better. True, it can also lead people to take the low road and try short cuts that are ultimately self-defeating. But for longevity, I think having good competition makes everyone in the game better.