Archive for the ‘Columbia SC Bank Foreclosures’ Tag

Columbia SC Bank Foreclosures   Leave a comment


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Status: FOR SALE
Price: $263,900

Address: 252 PRESQUE ISLE ROAD
Type: Residential
Style: 2 Story
Bedrooms: 3
Bathrooms: 3
Suite: No
Living Area: 3,392 square feet
Year Built: 0

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Spacious all Brick in Prescott Glen. Great Floor plan with huge rooms and lots of space for the family. Upstairs den for the kids and downstairs space for entertaining. Community clubhouse and pool. Huge master suite with private luxury bath. This is the location for you with award winning schools.
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Information is deemed to be correct but not guaranteed.

Chip Jefferson
Gibbs Real Estate


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264

Email Chip

Brokered and Advertised by Gibbs Real Estate LID 88626736
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Posted September 15, 2013 by Chip Jefferson in Foreclosures, Uncategorized

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Lexington SC Interest Rate   Leave a comment

Wednesday, June 12, 2013

Market confusion and uncertainty continue to play out in the financial markets. Yesterday stock indexes fell and the treasury and mortgage markets improved, this morning the stock indexes better and treasuries under some pressure. With increasing concerns that the Fed will begin tapering its easing’s and mixed economic outlooks based on data that hasn’t shown much growth, investors are still being “forced” into equity markets as the Fed continues to keep interest rates so low there is nowhere else to go. The bond and mortgage markets feeling the pain as rates increase, however it was inevitable rates would increase, they really could not go lower from levels seen earlier this year.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.81%, the highest rate since April 2012, from 3.76%, with points decreasing to 0.26 from 0.32 (including the origination fee) for 80% loans.
The average contract interest rate for 15-year fixed-rate mortgages increased to 3.32%, the highest rate since April 2012, from 3.23%, with points remaining unchanged at 0.38 (including the origination fee) for 80% loans.
The average contract interest rate for 5/1 ARMs increased to 2.78%, the highest rate since June 2012, from 2.76%, with points decreasing to 0.30 from 0.41 (including the origination fee) for 80% loans.

Find more good stuff at ChipJefferson.com

INFO THAT HITS US WHERE WE LIVE   Leave a comment

 Market Update

QUOTE OF THE WEEK… “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel”–Maya Angelou, American author and poet

INFO THAT HITS US WHERE WE LIVE… People who are putting their homes on the market appear to be feeling pretty good these days. An online real estate portal reports that the asking prices of homes listed with them were up 5.9% in January from a year ago, in 86 of the 100 largest metros. Those asking prices grew by a seasonally adjusted 0.9% from December, the largest month-over-month boost since March last year.

Housing experts are feeling pretty good too. The chairman of the S&P Dow Jones index committee said, “housing is clearly recovering,” citing November’s healthy new and existing homes sales. The National Association of Realtors chief economist predicted,”Job creation and household formation will likely fuel growth. Both sales and prices will again be higher in 2013.” (CORRECTION: A keen Inside Lending reader pointed out Ayn Rand’s first name was misspelled following her quote in last week’s edition. We’re sorry for the typo and apologize to Rand fans.)

BUSINESS TIP OF THE WEEK… Don’t get sidetracked before you reach your goal. When you’re stuck, going out for a walk is a great way to clear your mind and get back on track.

>> Review of Last Week

ONE DOWN, TWO UP… The Dow had a seesaw 5 days–down 130, up 99, up 7, down 42, up 49–to end the week down a mere 0.1%, just below last week’s 14,000 threshold. Butthe S&P 500 headed north and is now up for the first six weeks of the new year, which has not happened since 1971! The Nasdaq also registered a gain, making another healthy start to the year. Friday, investors were buoyed as the U.S. trade deficit came in down almost 21% in December, its biggest drop in four years, thanks to rising exports and a decline in imports.

Earlier in the week, the ISM Services index was down for January but showed expansion for the 37th month in a row. Best of all, the ISM Services employment sub-index rose again, hitting its best reading since February 2006. Employment expansion is especially good for the economy in the services sector, since it provides well over 80% of U.S. jobs. On the down side, Productivity fell at a 2% annual rate in Q4, not too cool. But new weekly jobless claims were down by 5,000, to 366,000, another sign of labor market improvement.

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Homeowners facing foreclosure in Lexington South Carolina will find a brief respite   Leave a comment

Homeowners facing foreclosure in Lexington South Carolina will find a brief respite during this year’s holiday season. Both Freddie Mac andFannie Mae have announced that they will pause on evicting families from their homes so that they can spend a few days not worrying about the future and focus on family.

Freddie Mac will suspend eviction activity on foreclosed single-family and two to four unit properties from December 19, 2012 through January 2, 2013. Fannie Mae will halt eviction activity from December 17, 2012 through January 2, 2012.

Legal proceedings in regards to the foreclosures will still continue, but families will be able to remain physically in their homes for a couple of weeks during the end of the year.

“We’re taking this step in support of families who have faced financial challenges and gone through a foreclosure,” said Terry Edwards, executive vice-president of credit portfolio management for Fannie Mae in a statement. “The holidays are a chance to be with loved ones and we want to relieve some stress at this time of year. We encourage homeowners having difficulty to reach out for help as soon as possible.”

This stay on evictions is separate from the 90-day suspension issued to Hurricane Sandy survivors. They have until February 1, 2013 to find an alternative housing solution.

“We are instructing our foreclosure attorneys to suspend pending eviction lockouts on foreclosed homes in order to provide a greater measure of certainty to families during the holiday season,” said Tracy Mooney, Senior Vice President of Servicing and REO at Freddie Mac in a statement.

Kudos to both! Chip Jefferson

INFO THAT HITS US WHERE WE LIVE   Leave a comment

INFO THAT HITS US WHERE WE LIVE… We may not be standing in the middle of a fully recovered housing market, but we’re clearly moving in that direction. Existing Home Sales were UP 2.1% in October, staying right near their highest level in over two years. Sales are up 10.9% from a year ago. The median price is now $178,600, up 11.1% over a year ago. And the supply of existing homes dropped from 5.6 to 5.4 months. The inventory of existing homes is down to 2.14 million, the lowest level since December 2002.

Anyone who still thinks the housing market isn’t in recovery had only to look at October Housing Starts, which grew 3.6% to an annual rate of 894,000 units. Multi-family starts were up 11.9% and are up 57.1% versus a year ago. Single-family starts dropped 0.2% for the month, but are up 35.3% over a year ago. Building permits dropped slightly in October, but are up 26.6% for single family and up 36.3% for multi-family units versus last year. Not surprisingly, the NAHB Home-builders confidence index rose to its highest level in six years.

DOORBUSTERS HIT WALL STREET… On Black Friday, stocks were selling as hot as doorbusters, which on Wall Street means prices go UP. The Dow and the S&P 500 posted their best weekly gains since June 8, while the tech-heavy Nasdaq busted up an impressive 4%. It was a holiday-shortened week, with just three and a half days of trading. Investors were feeling good on Friday about data out of Germany and China, two recent sources of economic worry, while on the home front, Black Friday retail action raised everyone’s holiday spirit.

Investors’ spirits were also raised by their growing sense that a deficit reduction agreement will be reached to avoid the fiscal cliff of automatic tax hikes and spending cuts slated to kick in January 1. Falling off this cliff could send the economy back into recession according to economists, the Congressional Budget Office, and Fed Chairman Ben Bernanke who said so Tuesday in front of the Economic Club of New York. Meanwhile, Michigan Consumer Sentiment rose less than expected for November but still hit a five-year high and Leading Economic Indicators edged up slightly for October.

For the week, the Dow ended up 3.4%, to 13010; the S&P 500 was up 3.6%, to 1409; and the Nasdaq was up 4.0%, to 2967.

Even though economic data was mixed, traders were happy to head into risk assets, which sent stocks up and put bond prices under pressure. The FNMA 3.5% bond we watch ended the week down .08, at $106.09. Freddie Mac’s weekly Primary Mortgage Market Survey showed national average fixed mortgage rates finding new record lows for the second week in a row. Not surprisingly, the Mortgage Bankers Association reported purchase loan applications UP 3% from the week before.

DID YOU KNOW?… Housing Starts, reported last week, are the number of residential building construction projects begun during a specific time period, typically a month.

Columbia SC Bank Foreclosures & Government Foreclosed Houses, Federal Homes, Distressed Properties, and Commercial Foreclosures are all at your fingertips with Chipjefferson.com. All foreclosures, HUD, VA, and other government property home lists and listings are represented. Gibbs Realty along with Chip Jefferson are the top agency in South Carolina handling Foreclosed homes and Bank owned properties throughout the Midlands of South Carolina. Specializing in Columbia, West Columbia, Irmo, Chapin, Gaston, Pelion, Lexington, Lake Murray, Gilbert, White Knoll, Northeast Columbia and all the outlying counties of Midlands South Carolina. Gibbs Realty and its agents are specially trained to handle selling or buying of Bank Owned and Government home properties and Commercial Real Estate.

Pelion Foreclosed homes for sale   Leave a comment

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29123-Pelion (Unnamed Areas) MLS #318771 FOR SALE
$144,450 160500

 

Gibbs Real Estate
Chip Jefferson
Email Chip


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264


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Address: 571 Main Street Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 2,042 square feet Year Built: 0
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Saddle up the ponies on this great property. Charming home with worshop, garage and horse stables. Good size pasture fenced in. HUGE yard and a great location.Case number 461-459282 SIGN IN sheet on kitchen counter. Buyer Agent to verify all information for accuracy and is responsible for all entry after contract acceptance. Utility activation & de winterization costs are buyer expense year round.Seller will not pay deed stamps. Buyer responsible for rekeying the property at closing.
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Brokered and Advertised by Gibbs Real Estate LID 65746369
Information is deemed to be correct but not guaranteed.

Columbia SC Bank Foreclosures & Government Foreclosed Houses, Federal Homes, Distressed Properties, and Commercial Foreclosures are all at your fingertips with Chipjefferson.com. All foreclosures, HUD, VA, and other government property home lists and listings are represented. Gibbs Realty along with Chip Jefferson are the top agency in South Carolina handling Foreclosed homes and Bank owned properties throughout the Midlands of South Carolina. Specializing in Columbia, West Columbia, Irmo, Chapin, Gaston, Pelion, Lexington, Lake Murray, Gilbert, White Knoll, Northeast Columbia and all the outlying counties of Midlands South Carolina. Gibbs Realty and its agents are specially trained to handle selling or buying of Bank Owned and Government home properties and Commercial Real Estate.

Lexington SC Foreclosure   Leave a comment

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29072-Lexington (Cobblestone Farms) FOR SALE
$163,800

Gibbs Real Estate
Chip Jefferson
Email Chip


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264


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Address: 160 Flagstone Court Type: Residential Style: 2 Story Bedrooms: 4 Bathrooms: 2 Suite: No Living Area: 2,557 square feet Year Built: 0
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Description
Great area and a great home. Private Master bath with sunken sitting area. So much more and too much to list. SIGN IN sheet on kitchen counter. Buyer Agent to verify all information for accuracy and is responsible for all entry after contract acceptance. Utility activation & de winterization costs are buyer expense year round.Seller will not pay deed stamps. Buyer responsible for rekeying the property at closing.
More Description

Brokered and Advertised by Gibbs Real Estate LID 66686351
Information is deemed to be correct but not guaranteed.

 

Columbia SC Bank Foreclosures & Government Foreclosed Houses, Federal Homes, Distressed Properties, and Commercial Foreclosures are all at your fingertips with Chipjefferson.com. All foreclosures, HUD, VA, and other government property home lists and listings are represented. Gibbs Realty along with Chip Jefferson are the top agency in South Carolina handling Foreclosed homes and Bank owned properties throughout the Midlands of South Carolina. Specializing in Columbia, West Columbia, Irmo, Chapin, Gaston, Pelion, Lexington, Lake Murray, Gilbert, White Knoll, Northeast Columbia and all the outlying counties of Midlands South Carolina. Gibbs Realty and its agents are specially trained to handle selling or buying of Bank Owned and Government home properties and Commercial Real Estate.