12 Oaks

A Charming new golf community in Holly Springs brought to you by Wakefeild development company, with a wealth of amenities for people of all ages, including pool, clubhouse, fitness center, parks, trails, golf course, etc.  Located conveniently right off of Hwy 55 bypass.  Features great school district, new  shopping centers, close to Raleigh, Cary, Airport, and some major highways including hwy 401, US-1, I-40, I-440, and I-540.

Some of the well-known builders of this community include:  1st American builders, Bedford Builder Group, Chesapeake Homes North Carolina, W&W Partners, and Homestead Building Company.

Do not miss out the great opportunity.  Call today to make your appointment to view the available properties at 12 Oaks.

www.deepbrar.com

Brier Creek

Want to experience a luxury living in Raleigh area? Then Brier Creek is the place for you. Raleigh is considered one of the top areas to live in United States. Brier Creek provides townhouses, condos, apartments and luxurious single family homes by variety of builders. Toll Brothers, Standard Pacific Homes, Gateway homes are some of the builders to name at Brier Creek.

Lennox at Brier Creek by Standard Pacific Homes: Great collection of luxury townhomes available in inventory as well as pre-sales. This community features townhomes anywhere from approximately 1500 sq. to 3000 sq. ft. It has wonderful amenities to offer including swimming pools, club house, fitness center and much more.

The Townhomes are located off or Brier Creek Parkway and right behind Wake Medical Center. It is only minutes away from great restaurants, shops, movie theater etc. all located in Brier Creek Commons Shopping Center. Major highways like I-540 and Hwy 70 are also at a very convenient distance, yet not close enough to bother with the traffic noise.

Proposed Changes to Mortgage Process by HUD

Within days, the federal department of Housing and Urban Development plans to unveil sweeping proposed changes to the American mortgage application process and real estate settlement system.

The rule changes are the end-product of HUD’s five-year effort to streamline mortgage disclosures, promote comparison shopping by loan applicants, and to stamp out eleventh-hour surprises at closings — where fees come in hundreds or thousands of dollars higher than initial estimates.

Realty Times obtained a point by point summary of the proposals in advance of their official release by HUD. The changes are designed to radically overhaul the current, much-criticized “Good Faith Estimates” (or GFE) disclosures and the “HUD-1″ closing procedures.

Among the key changes in the 250-page HUD proposal:

1. Transformation of the GFE into a consumer education and shopping tool. The GFE will now explain in detail to an applicant how a particular loan works, how high monthly payments could rise, disclose any potential fees such as prepayment penalties, and provide information about escrow items.

2. New, strict limits on how much settlement charges can depart from the Good Faith Estimate stage — within three days of the loan application — to the HUD-1 closing stage. Total settlement charges could not be more than 10 percent above the initial estimates, absent tightly-defined “unforeseen circumstances” limited to acts of God, war and disasters, among others.

3. The Good Faith Estimate and the HUD-1 forms are aligned with each for easy comparison, with similar categories and graphic displays of loan origination charges and settlement cost items on both.

4. All fees paid to mortgage brokers by a lender in connection with the interest rate charged to the consumer must now be disclosed and listed on the Good Faith Estimate as a “credit to the borrower.” Brokers are likely to oppose this strenuously, arguing that competing loan originators — such as retail bank personnel — are not required to disclose fees they receive in connection with higher note rates.

5. All settlement agents will now be required to “read aloud” a new “closing script” to mortgage borrowers. The script walks consumers through the various charges on the revised HUD-1, and whether and why they differ from earlier estimates. Finally, the script requires the settlement agent to explain the loan terms and mechanics as stated in the mortgage note itself.

The proposals will have a 60 day period for industry and consumer comment, after which HUD is expected to issue them in final form with a period of months set aside to allow lenders, title companies and attorneys to gear up for the new forms and procedures.

Autumn Park

Autumn Park is a fairly new subdivision by Beazer Homes located right off of Avent Ferry Road intersecting Hwy 55. There are many resale properties available in the subdivision, although all the construction by the builder has been completed since a while ago. Living in Autumn Park has its own advantages including High School, Middle School, and Elementary School, all walking distance from the subdivision with inside path leading to the schools for children. New grocery stores, strip mall etc. are on their way which will be less than half a mile from the subdivision. There is already a new super Wal-Mart within 2-3 miles distance which is attracting a lot of business in the area.

The monthly HOA dues for Autumn Park are $66/quarterly. It is a very family oriented neighborhood with people walking dogs in the evening, children playing in the streets, neighbors getting together on occasions like Thanksgiving, Halloween, etc. and arranging activities together. The community also features two children’s playgrounds, a small lake with a fountain at the entrance, and side walks.

For any questions regarding the subdivision, or available properties, please contact Deep Brar at deep@deepbrar.com

Weston Place in Cary

Weston place offers a luxury lifestyle all brick townhouses at very reasonable price by none other than McCar Homes, one of the prestigious builders in the nation today.  The community, located in Cary, offers townhomes with 2 car garages, amenities including swimming pool and club house, and very spacious floor plans with high quality material.  It is conveniently located off of Cary Parkway, very close to Preston, with easy access to Hwy 40.  Excellent school district and close to the RTP.  

Monthly HOA fees are $140.  Currently offering some inventory homes and pre-sales.  Townhomes are going away quickly.  So hurry to book your luxury home today.  Call Deep Brar for more details.

www.deepbrar.com

Brier Creek

Brier Creek is one of the most wanted communities located in Raleigh, offering luxurious single family homes, townhomes, condos, and apartments. Standard Pacific homes, and Toll Brothers are some of the successful builders of Brier Creek. It is conveniently located near I-540 and the airport. Some of the other features of Brier Creek include Wake Med, Brier Creek shopping Center, excellent schools, and short distance to RTP, Durham, Chapel Hill and Raleigh.

Brier Creek at Country Club: A luxurious golf community by Toll Brothers with a wealth of amenities. Currently offering single family homes and condos in new construction. There are some townhomes available for resale!! Monthly HOA $250 with $2500 initiation fee. The fees may differ from single family homes to townhomes and condos.

Lennox at Brier Creek: Beautiful townhomes available in many different floorplans by Standard Pacific Homes!! Amenities offered are two pools, private parks, pool-side picnic areas, clubhouse with a gathering place, business center, recreation and fitness center. Located off of Brier Creek Parkway. Monthly HOA is $128.

Currently many inventories and pre-sales available. Call Deep Brar for more information!!

www.deepbrar.com

Available Properties in South Lakes

549 Lake Gaston Dr

$349,800

Description

This Master floorplan offers a separate dining room, open kitchen with granite countertops, vaulted family room, vaulted master bedroom on first floor, and utility room. The upstairs has 3 more bedroom, a full bath and a finished bonus room. Don’t let this go!!

557 Lake Gaston Rd

$289,600

A beautiful Victorian style home with screen porch, maple kitchen cabinets, granite countertops, trey ceiling, and hardwood floors. The house features 3 bedrooms, 2.5 bathrooms, 2 car garages, unfinished walk-up attic and a bonus room. Call to see today!!

515 Apalachia Lake Dr.

$27,900

This beautiful floorplan called Lanneau offers screen porch, 3 bedrooms, 2.5 bathrooms, 2 car garages, walk-up attic, and a bonus room. Currently under construction.

These are just some of the plans available. Call to make your appointment to see other floorplans available at South Lakes.

www.deepbrar.com

How to Stop Foreclosure!

Make no mistake…. to Stop Foreclosure you must act quickly and decisively. Your home will be sold unless you take the correct steps to satisfy the Mortgage Company and get your loan caught up.

Foreclosure is something that can happen when you get behind on your Mortgage Loan. Your lender won’t automatically put you into a program to bring your loan up-to-date. You must put the plan into motion and provide the lender with the documentation they require to analyze your financial situation to stop the Foreclosure action. Although lenders do not want to foreclose if it can be avoided, they do want to make sure you can follow-through on any promises you make to bring your account current.

Mediation is the key to Stopping the Foreclosure. As we stated before, the Mortgage Company does not want to Foreclose and is usually willing to agree to terms to Stop Foreclosure. These terms are negotiable and it is to your advantage to develop a plan of action before contacting them. This plan needs to be thoroughly analyzed before presenting it to them as it becomes very difficult to adjust it. We have extensive experience in this area and we can develop a winning strategy or plan for you to Stop the Foreclosure that is proven successful.

Proven Plan for Stopping Foreclosure

1. You need to come up with some amount of money to apply to the deficiency. We typically refer to this as the “Contribution Figure” or a “Good Faith Payment”. This will usually be somewhere between 35% – 50% of the total amount that is required to bring the loan completely current. With the clients we help, we typically see this number between 25%-30%. The Mortgage Companies always require this money as a down payment for a number of reasons:

• To bring the loan current quicker
• To prove to the lender that your are sincere in wanting to get the loan caught up. They also need to use this as a penalty to getting behind. If they didn’t they would have a lot more people missing payments without legitimate reasons.

2. You need to document your current financial situation to show that you can afford the Monthly payments. This is very tricky… you need to be accurate and honest as they may not accept changes once it is submitted. We develop a Personal Financial Portfolio for each of our clients. This shows your income versus your expenses in a form that is easy to understand and highlights your ability to repay the loan.

3. The last step is to develop a letter that explains why you fell behind. This letter is referred to as the “Hardship Letter.” We have many examples of letters that the Mortgage Company is looking for. This letter must be honest and appeal to them to show that you want to stop the foreclosure and that you deserve another chance.We roll all of these items into what we call a “Work-out Package”. This package is then presented to the Mortgage Company in a format they can easily understand which allows them to make a decision quickly and responsibly.