My New Blog

Don't forget about all the exciting things going on in the next few weeks here on the Outer Banks -

Oct 9th thru 12th Outer Banks Parade of Homes - 32 new and remodeled homes with the latest in styles and gadgets open from Corolla to Nags Head - put on by the Outer Banks Homebuilders Association from 10 am to 6pm.

Oct 25th - Pig Stein and Beer Fest at the Promenade in Kitty Hawk - just as you come over the bridge.  All day entertainment, barbeque, beer and wine - 50 beers plus in the beer tasting tent.

Nov 9th - OBX marathon do a half or the whole marathon - this is a qualifier for the Boston Marathon.  Run along the sound from Kitty Hawk to Manteo - the half marathon starts at Jockey's Ridge.

Also some of the best fishing anywhere from now to late November in the best weather anywhere - the ocean temperature is still in the low 70's for that fall vacation.

Wings Over Water in November is a series of family events/ trips on Pea Isalnd and Alligator River - includes Kayak trips/ hikes and bird and animal watching trips in our beautiful nature areas.

Please let me know if you need more info on any of the above and I will get it to you .

Enjoy -

Carol 

Phillies - AWESOME!!!

We have waited a long time!!

Here is the real story on the market - things have actually picked up here and getting a loan for qualified buyers is not a problem. Also - there is help for those foreclosures in your neighborhood!

There is no credit crisis" for individual home buyers who have at least three percent to put down, documentable employment, and at least a moderately good credit record, said Preston.

Business loans and various other types of credit may have been more difficult to obtain in recent weeks, Preston told Realty Times, but thanks to the government's backing of the three biggest sources of mortgages, buyers and refinancers of houses have had no unusual problems.

Preston and HUD are playing key roles in the $700 billion financial system bailout plan now getting underway. Preston is one of just five members of the Financial Stability Oversight Board that oversees the entire effort. HUD's main task in the weeks ahead, he said, will be to either refinance or help work out thousands of delinquent subprime and underwater homes financed by private lenders during the boom years.

The agency's new "Hope for Homeowners" program, which started October 1, allows it to cut the principal debt, monthly payments and interest rates of delinquent loans through refinancings into fixed-rate FHA mortgages.

In the interview, Preston emphasized the importance of a new, $3.9 billion program that has received virtually no attention in the press, but which could have huge positive impacts on neighborhoods and communities struggling with large numbers of foreclosures.

Congress authorized HUD to provide funds and other assistance to local governments to buy, fix up, resell or rent out foreclosed houses that are dragging down local property values.

Known as the Neighborhood Stabilization program, it offers not only roles for local governments to fight housing blight, but also provides opportunities for alert realty agents, rehab contractors, builders and investors to be involved -- profitably -- in the turnaround efforts.

If you're interested, talk to your city or county housing and community development officials for details. Though HUD will be providing the funds, local officials will be calling the shots.

Looking for a great trip this weekend - The Outer Banks Home Builders Association has 32 homes open for viewing from Corolla to Hatteras.  They are open from Thursday to Sunday (Oct 9-12) from 10 to 6.  Tickets are for charity and are only $10.  See some really beautiful homes with all the latest ideas for kitchens,baths, flooring etc and enjoy the beautiful weather on the Banks this time of year.

For more info and a map just google the Outer Banks Parade of Homes.

Hope to see you there!

Carol