John Rakoci North Myrtle Beach Coastal Carolinas

Every day we are bombarded with the idea foreclosures being a great way to buy a home. Sometimes they are. Buyers should research and ask a Realtor to see if there is a better deal in the neighborhood before putting their money down. As I am asked about foreclosures often the link below will take you to 171 currently active homes in foreclosure. These include manufactured as well as modular and stick built homes along the coastal Carolinas in the Myrtle Beach area. Prices range from $15,000 to $1,499,000. Something in nearly everyone's price range. If something strikes your interest or you would like a search completed in the future please email or call.

http://ccar.fnismls.com/publink/default.aspx?GUID=a341f613-818e-47df-99ce-a2342a3194d4&Report=Yes

The media has and continues to keep foreclosures at the forefront of the news. They have potential buyers believing they are the best buys in town. Well, they can bed and often are. There can be better buys too so it pays to have a Realtor check out the area, building, or development before dropping your money down.

The link below will take you to a list of 123 actively listed condos and townhomes along the coast in the Myrtle Beach area. Prices range from $26,900 to $775,000. Please do not hesitate to call or email me if you see anything of interest.

http://ccar.fnismls.com/publink/default.aspx?GUID=aa1be98c-279c-4d17-93af-51f01064f01b&Report=Yes

Many people are requesting information on foreclosures. Some are looking to move near the beach and others simply want a 2nd home or income property. About half of the buyers show up with cash in hand. The link below will provide listings of CONDOS & TOWNHOMES from $29,900 to $850,000 so buyers can always find something in their price range. A listing of homes has been posted and will be provided upon request as will updated listing of all.

http://ccar.fnismls.com/publink/default.aspx?GUID=86f12e31-3bfe-4af0-bbc8-028b26265d53&Report=Yes

As always, do not hesitate to contact me for additional information or assistance!

John Rakoci john@rakoci.com www.rakoci.com (843) 655 7777

Helping to Bring Dreams to Reality

I am always receiving calls requesting information on foreclosures. Some are looking to move near the beach and others simply want a 2nd home or income property. About half of the buyers show up with cash in hand. The link below will provide listings of HOMES from $13,900 to $1,500,000 so buyers can always find something in their price range. A listing of condos and townhomes will be provided soon.

http://ccar.fnismls.com/publink/default.aspx?GUID=a307e6d8-325d-41e9-976d-1e6139feb2f6&Report=Yes

As always, do not hesitate to contact me for additional information or assistance!

John Rakoci john@rakoci.com www.rakoci.com (843) 655 7777

SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY

THE 2010 PALMETTO HEROES PROGRAM

POLICE OFFICERS-FIRE FIGHTERS-EMS-TEACHERS

SC State Housing Authority is excited to announce our 2010 PALMETTO HEROS PROGRAM. The Heroes selected for the 2010 initiative are "Police Officers - Fire Fighters - EMS - Teachers". Borrower(s) must meet State Housings First-Time Homebuyer requirements. The program Features a reduced mortgage interest rate and down payment assistance is available. The Funding will be limited to $40 million. The last time $20 million was available and was allocated before year end. Loans are available on a first come first served basis and borrowers must have an accepted sales contract on a home prior to reserving funds. All State Housing loan policies and procedures will be in affect for this program.

Police Officers - Borrower must be a full-time police officer with state or local government agency including correctional officers with the South Carolina State Department of Corrections

Fire Fighters and EMS - Borrower must be a full-time or volunteer fire fighter or EMS with a state or local government agency

Teachers - Borrower must have a South Carolina Teachers Certification and be employed as a classroom teacher or have a contract to receive a paycheck to begin teaching within 60 days of closing on the home.

INTEREST RATE -The fixed interest rate will be 5.125

DOWN PAYMENT ASSISTANCE

Category I - Up to $7,000 Repayable Down Payment Assistance.

$7,000 Repayable Loan has an interest rate of 4% and payments will begin the third anniversary of the first payment on the first mortgage.

The payment on $7,000.00 will be $128.92 per month for 5 years.

The payment on $6,000.00 will be $110.50 per month for 5 years

The payment on $5,000.00 will be $92.08 per month for 5 years

Category I I - $7,000 Forgivable Down Payment Assistance

$7,000 Forgivable Loan requires the borrower to live in the purchased property for five years in order for the loan to be completely forgiven. The loan must be repaid if the Borrower(s) fails to remain in the property for a minimum of 60 months. (20% of the loan amount is forgiven each year)

INCOME AND HOUSE PRICE LIMITS

Contact me for Income Charts for maximum house prices and income limits.

FIRST TIME HOMEBUYER REQUIREMENTS

•· Targeted Counties (Horry & Georgetown Counties are targeted)

The Borrower(s) buying a home in a Targeted County must not have ownership interest in a principal residence at the time of closing.