Short Sale Lexington, SC.................................. Last year I had clients wanting to buy a short sale home. The contract was ratified mid July and we finally heard from the bank after my clients had given up. They had waited close to 4 months. My client selling his home in a short sale has been assured by his bank that they can give an answer back to the buyers in less than 30 days. What a difference a year makes! Completed short sales in the first half of 2009 was up over 208 % over the first half of 2008. Banks are understanding that the foreclosure process does not bring a higher price than a simpler, less costly short sale. Finally I have been working with professionals in the area from Attorneys to Loss Mitigation Specialist to other Banking Professionals. I have done allot of work to figure how to help out sellers in special financial situations, and how to help guide buyers through the short sale process.
Myths about Short Sales 1- They Move Fast 2- Buyers get a huge deal on homes Truths about Short Sales 1- There are many to come in the future 2- They do take time 3- You need someone to help you sell or buy one 4- You get a home at a fair price (market price or lower)To learn more about Short Sales and how to sell your home when times are tough and you want to avoid Bankruptcy.
Edwin Gerace mail@609sold.com www.EdwinGerace.com 803-609-SOLD Follow me on Twitter www.Twitter.com/edwingerace
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Lexington Community Development
PRESS RELEASE
Jul 24, 2009 -
The secret to Home ownership & free grant money. Edwin Gerace, Carl Corbett , and Jill Kunkle will be offering a Home Buyer Seminar on July 27th, 2009 at Lexington County Main Library starting at 6:00pm. Please RSVP due to limited seating 803-957-5566. This seminar will focus on awareness of the great amounts of monies that are available for homebuyers and specifically 1st time Home buyers. In some cases, the amount of grants can equal up to $30,000. There will be a mortgage professional, Carl Corbett from First Reliance Bank to explain the opportunities of grants that are available. Edwin Gerace of Russell & Jeffcoat will be there to answer questions about the home buying process. Jill Kunkle with the Law firm of Harvey Casterline and Vallini will be present to answer questions about the legal side of home buying.
This seminar will be offered to civic and other groups by request. To request information prior to the seminar is available as well.
For Flyers to the Seminar Visit http://www.edwingerace.com/homebuyerseminar
For Flyers to the Seminar Visit http://www.edwingerace.com/homebuyerseminar
The Neighborhood Assistance Corporation of America ("NACA") is a non-profit, community advocacy and home ownership organization. NACA's primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable home ownership. NACA has made the dream of home ownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market.
What is the first step to becoming a home owner through NACA?
You'll need to attend a NACA purchase workshop. You can go to www.naca.com or call 888-302-6222, and sign up for the next workshop nearest you. Feel free to ask questions by calling the number or Calling Edwin Gerace at 803-957-5566
Feel free to email Edwin Gerace for more information mail@609sold.com or call him at 803-957-5566 or his cell at 803-609-7653.
Is there down payment and additional closing cost when using NACA?
There is no Down Payment or Closing cost There are no cost besides what NACA helps you save for the closing of your new home.
Who is eligible for NACA?
Everyone who does not own a home. You can sell your home, and then buy a new one with the NACA program
Can I buy a new home using NACA?
Yes
How does NACA's Interest Rates compare to National Banks?
NACA's Rate is always one point below the Conventional rate. Very Competitive.
Does NACA help me work through my financial issues so that I can buy a house now and in the future?
Yes. They guide you on down payment, monthly payment, saving money, and budgeting so that you are set up for success.
What are some of the major misconceptions of NACA?
NACA takes to long. NACA will work with each individuals circumstance to pre-pare them for home ownership. Depending on the client but you can expect a time frame from 3 weeks to what it takes to get you ready for home ownership.
NACA Overview
NACA Membership
Search Homes in Columbia SC
Kids Eat Free
About Edwin Gerace
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