RE/MAX at the Lake and RE/MAX Executive form powerful new real estate firm
Two of the most progressive real estate firms in the Charlotte, NC market, RE/MAX at the Lake of Mooresville, NC and RE/MAX Executive Realty of Charlotte, NC, have merged their Lake Norman offices effective January 1, 2011. The new alliance will operate as RE/MAX Executive at the Lake and will continue to manage Lake Norman offices in both Mooresville and Cornelius.
The formation of RE/MAX Executive at the Lake brings together four veteran Broker/Owners, over twenty Certified Distressed Property ExpertsTM, approximately 60 top-producing real estate agents, and two strategically located Lake Norman offices. This merger strengthens both offices' continued commitment to its clients in the Lake Norman area by utilizing the most current and proven technologies, high-level agent education and continuing adaptation to the changing real estate market. Real estate services include residential and commercial departments, as well as rental and property management services and personalized relocation services. All four Broker/Owners, Cindy Sikorski, Hadi Atri, Laura Chilcoat and Terry Edmundson, bring individual strengths to the company and will remain active in the management of the firm.
RE/MAX Executive Realty, with five Charlotte-area locations, is the top ranked firm in per-agent sales in the Charlotte market and the second largest firm in the Charlotte market in total sales volume. RE/MAX at the Lake agents are ranked number one in per-agent sales in the entire Lake Norman market and is one of the top firms in the entire Greater Charlotte area. "What we characterize this as is really two extremely strong companies coming together", stated Russ Foster, Franchise Development Consultant at RE/MAX, L.L.C.TM. "Visionary leadership looks past the horizon and goes beyond it. They don't look to work outside the box - they throw the box away and they create their own way. That's what I see these two organizations actually doing and as a result of this merger we will have two very, very powerful offices."
RE/MAX Executive at the Lake will continue to boost its market share in the Lake Norman area by recruiting top-producing agents and expanding its reach around the lake.
Office locations:
RE/MAX Executive at the Lake
19810-C West Catawba Ave
Cornelius, NC 28031
Phone: 704-815-3200
RE/MAX Executive at the Lake
121 Rolling Hill Rd STE 110
Mooresville, NC 28117
Phone: 704-662-0095
Contact Information:
Facebook: www.facebook.com/REMAX-Executive-at-the-Lake
Twitter: www.twitter.com/REMAXattheLake
It's time for the anual Christmas in Davidson Celebration.
Ready for roasting chestnuts, mulled cider and your favorite carols? Looking to catch a glimpse of an elf or deliver a letter to Santa? Searching for the perfect gift or tall tree?
Christmas in Davidson is the place to find the holiday spirit with fun, food and festivities and is a great way to kick off the holiday season. It is a tradition for many families because it offers a chance to make holiday memories for the young and the young-at-heart.
This year's event will be held Thursday, December 2, 2010 and will continue through Saturday, December 4, 2010 from 6:00 p.m. to 9:00 p.m. each night.
I am looking for some foreclosure answers for my son in Michigan. His mortgage was with Countrywide. I think Bank of America bought Country wides loans and he cannot figure out who to deal with on the mortgage. You know the same old story. Someone is managing the note but who really owns it. He got a letter almost 6 months ago that he was going to have to move.
here are my questions. Do they give him a 30 day notices from the sheriff on his door when it is down to 30 days or do they just show up at the door and start throwing his stuff int he street. He is unemployed and really struggling. His credit is shot and worried about even getting a rental.
He never got a letter after that one letter and we have heard stories of them talking longer. He just doesn't want to be surprised if the sheriff shows up to evict. He is looking for some advance notice if he might have longer to get out.
Do you have any idea. I appreciate the insight.
Thanks
Kathy Byrnes
When is Foreclosure Removed from Your Credit Report?
Published: October 14, 2010
Use this handy guide to figure out how quickly you can buy a home after a major financial setback when applying for a loan through FHA, Fannie Mae, or Freddie Mac.
Government entities set guidelines for credit events
The chart below outlines the criteria that government entities FHA, Fannie Mae, and Freddie Mac follow for major credit-busting events, including foreclosure. Although FHA, Fannie Mae, and Freddie Mac aren't direct lenders, they wield a lot of behind-the-scenes influence by working with banks to guarantee loans and help lenders free up capital to provide more mortgages.
One of these entities may have made your loan possible without you even knowing it. Although for the most part banks make loans to whomever they want, they'll likely find themselves following FHA, Fannie Mae, or Freddie Mac guidelines at a minimum in order to keep working with these useful partners.
Some lenders may have more stringent policies and others, willing to take greater risks, may work outside these entities and offer more liberal lending policies.
How to read the chart
This chart offers summaries of what can be complex rules and regulations. So:
1. Look to professionals, such as a bankruptcy lawyer and a CPA specializing in bankruptcy provisions, before making major financial decisions.
2. For HUD-approved counselors, go to http://www.hud.gov/offices/hsg/sfh/hcc/fc/index.cfm. You can also call 1-888-995-HOPE for help from the Homeownership Preservation Foundation.
3. Understand what "extenuating circumstances" means in each case:
FHA: An event that was out of the borrower's control that made a significant impact on the borrower's finances and led to bankruptcy or foreclosure.
Fannie Mae: A nonrecurring event that's beyond the borrower's control that results in a sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations.
Freddie Mac: A nonrecurring or isolated circumstance, or set of circumstances, that was beyond the borrower's control and that significantly reduced income and/or increased expenses and rendered the borrower unable to repay obligations as agreed, resulting in significant adverse or derogatory credit information.
| FHA | Fannie Mae | Freddie Mac | |
| Foreclosure |
·3-year wait. •Reduced wait if borrower has re-established good credit and can show extenuating circumstances. |
·7-year wait from the completed foreclosure sale date. ·3-year wait if borrower can show extenuating circumstances (additional underwriting requirements apply for 4 years after 3-year waiting period). •7-year wait for a second home, investment opportunity, or cash-out refinancing. |
·5-year wait from the completed foreclosure sale date. •3-year wait if borrower can show extenuating circumstances. |
| Short Sale |
·No wait if not in default. ·3-year wait if in default at closing of short sale. •Reduced wait if borrower has re-established good credit and can show extenuating circumstances. |
·2-year wait if the borrower puts 20% or more down. ·4-year wait if the borrower puts 10-20% down. ·7-year wait if the borrower puts less than 10% down. •2-year wait time if borrower can show extenuating circumstances and puts 10% or more down. |
·4-year wait. •2-year wait if borrower can show extenuating circumstances. |
| Deed in lieu of foreclosure | •Same as FHA's foreclosure policy. | •Same as Fannie's short sale policy. | •Same as Freddie's short sale policy. |
| Bankruptcy | Chapter 7 (liquidation): ·2-year wait from the discharge date of the bankruptcy. ·1-2 year wait if borrower can show extenuating circumstances. Chapter 13 (repayment plan): •1-year wait from the discharge date of the bankruptcy. |
Chapter 7 or Chapter 11 (reorganization, usually involving corporations or partnerships): ·4-year wait from the discharge or dismissal date of the bankruptcy. ·2-year wait from the discharge or dismissal date may be accepted if borrower can show extenuating circumstances. Chapter 13: ·2-year wait from the discharge date or 4-year wait from the dismissal date. ·2-year wait for a dismissal if borrower can show extenuating circumstances. Multiple bankruptcies: ·5-year wait if the borrower has filed more than one bankruptcy petition in the past 7 years. •3-year wait if borrower can show extenuating circumstances. |
Chapter 7 or Chapter 11: ·Same as Fannie's bankruptcy policy. Chapter 13: ·2-year wait from the discharge date of the bankruptcy. ·2-year wait from the discharge or dismissal date of the bankruptcy if borrower can show extenuating circumstances. Multiple bankruptcies: •Same as Fannie Mae's policy for multiple bankruptcies.
|
Source: FHA Handbook, Fannie Mae Selling Guide, Freddie Mac Selling Guide
Specializing in the Older Waterfront Lots around Lake Norman. So many variables are important to understand! Tons of distressed mortgages create upside selling situations. I offer Hope and Solutions.
Prior to starting my real estate career I spent over 20 years assisting clients as a Financial and Estate Planner. I grew up surrounded by family members involved in the real estate industry. My grandfather was a builder and developer, as was my father. My mother was a very successful REALTOR in the Atlanta area. When I moved to North Carolina in 2005 from Michigan I realized it was time to combine the skills I developed as a Financial Planner with the business I had been surrounded by my whole life.
I am fortunate to live on Lake Norman in a small cottage with my two dogs (Bruiser a Bull Dog and Kasey a King Charles Cavalier) in Mooresville. The truth be told, I feel like I have a little piece of heaven. Being from Michigan, I have always been around water and love it. I study all the older lakefront properties because they are the premium properties. There is a great deal to understand about buying waterfront properties in Lake Norman. You can count on me to guide you through the process.
The market has been hit hard and that means a new understanding of how to help my clients. I have beefed up my education and training to address solutions. Many are suffering from being upside down on the their values or dealing with escalating ARM mortgage rates. Add to that the loss of employment or medical issues and there is a feeling of despair.There are options other than Foreclosure. I introduce those solutions and offer Hope. Read my testimonials to learn about one of those situations.
I teach both Buyers and Sellers alike an alternative that is win win on how to purchase without the Low Ball Offer mentality. Working with my daughter Kelly who is a Mortgage Specialist with Fairway Mortgage NC we illustrate a solution using a buy down option. This is a powerful tool for both the Seller as well as the Buyer.
I approach what I do with a passion for continuing my professional education, learning to effectively use cutting edge marketing tools, and always working with integrity, kindness and empathy for my clients personal situation. My love of people and the real estate industry hopefully shows in my demeanor and commitment.
It would be my pleasure to help you.
Kathy
Meet the Boys
Bruiser Kasey A Rare Snow Day
Specializing in the Older Waterfront Lots around Lake Norman. So many variables are important to understand!
Tons of distressed mortgages create upside selling situations. I offer Hope and Solutions.
Just a short note to let you know how much I enjoyed working with you on the sale of 240 Indian Paint Brush. You are professional and very easy to communicate with. I hope more transactions will be as stress free as this one for both of us. I hope that we will have many more cross sales together in the near future.
Esti
Mooresville, NC
The past year has been extremely challenging for my family with my husband and I both being laid off from high paying positions. We felt that we had properly planned for such and emergency situation by having several months income in savings; however, this quickly dwindled down to nothing.
We contacted RE/MAX at the Lake and requested to work with an agent that was familiar with selling $600 - $700K homes whose owners are struggleing to maintain the payments. They quickly referred us to Kathy Byrnes. Kathy met us the next day and was extremely professional. She presented us with the current property value, comparable home sales for the area, comparable current listings and presented several flexible options for us to choose how to proceed with this life changing decision. Carefully considering all the alternative, we decided to offer the home as a "short sale." This would hopefully protect our credit from foreclosure status which would take several years to recover. Ktahy was very experienced with this type of listing and she began contacting our lenders to start the process. Within days the home began showing numerous times a week and several offers were presented. Kathy diligently worked with the lenders in hopes of coming to a sales agreement. Her positive upbeat personality kept our family motivated and looking forward to a positive outcome. Our most recent offer was presented from an agent who had no experience with short sales. Lack of experience in a short sale can cause many unforeseen complications because all parties involved must be properly informed of the numerous tedious details that have to be followed in a precise order. Kathy willingly assisted the buyer's agent by explaining the process to the buyers and even attended a short sale seminar with the agent in hopes of helping her understand this very complicated ordeal. Finally, after several weeks of negotiations that consisted of hundreds of phone calls and endless emails both lenders have agreed on terms to selling the home. One of our lenders actually stated, "If Kathy received a dollar for every phone call she made, voice mail she left, or email she sent just to his office - she more than earned her commission." Considering the current conditions of the real estate market I cannot think of a better compliment that would express Kathy's determination and persistency in helping her clients. I would strongly encourage anyone that is struggling with their home to consider using Kathy Byrnes. Her experience, determination, and overall consideration for her client's best interest made what could have become a horrible ordeal with our children watching their home go into foreclosure turn into my family having a positive outlook on beginning a new chapter in our lives. Words cannot express enough gratitude and appreciation. The Linder Family
Mooresville, NC
Kathy is a professional in her field with the knowledge and tools to guide you through the sometimes complicated process of home buying. We worked together for over a year to find my home, all from across the country. During the process, Kathy stayed on top of communicating with me to understand my needs. During the closing stage, she was extremely helpful in finalizing all the details. Her involvement made this very important transaction easy. I would work with Kathy again and continue to recommend her to others.
Kelly Allen
Charlotte, NC
Wow...if you are looking for a Go-Getter in a Realtor then you need to be speaking with Kathy. I have the utmost respect for the way Kathy cares for her clients. She is a listener and pays attention to the wants and needs that you are looking for in your property. Kathy will go to the extreme measures to find exactly what you are looking for. Or if you are in the scenario to be selling then give her a call and let her move your property fast. I would highly recommend that you call Kathy for all of your real estate needs because she makes things happen.
Debbie Snider
Mooresville, NC
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