Check out these new listings on Norris Lake!
http://www.976foxridgeln.com
http://www.1329nshorewoodln.com
http://www.253sshorewoodln.com
Friday, May 15, 2009
Thursday, May 14, 2009
Welcome To Another Beautiful Spring On Norris Lake In Tennessee!
Welcome To Another Beautiful Spring On Norris Lake! I have lived on the lake for 12 years and have never seen it so beautiful. With all the rain, the water levels have been as high as the TVA 1025. The trees are so green and the wild life is amazing.
For more than 70 years, those living in this part of east Tennessee have enjoyed the beautiful scenery and wonderful recreational opportunities offered by the lake.
In recent years, the lake has become a draw for visitors from across the country. Norris lake is known for its majestic water, amazing wildlife and friendly people.
Norris Lake is becoming a yearly destination and home for many.
When first looking for a lake front home here in East Tennessee, I was shown property on ever lake but Norris. I actually found our home through a news paper ad. If you are thinking about purchasing a lake front home,condo or property take a look at my website at http://www.ViewWaterFrontProperty.com
Wednesday, May 13, 2009
FHA to Permit $8,000 Tax Credit as Downpayment
HUD Secretary Shaun Donovan yesterday said FHA would permit lenders to allow first-time borrowers to use the $8,000 tax credit recently put into law as all or part of a downpayment on a home.
Donovan's remarks at the National Association of Realtors' legislative meeting in Washington represented the second major news announcement for HUD this week; earlier this week, Donovan announced that HUD had withdrawn its “required use” provision in final Real Estate Settlement Procedures Act rules.
“We all want to enable FHA consumers to access the tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. “So FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits, as well as state and local governmental entities to 'monetize' the tax credit through short-term bridge loans. We think the policy is a real win for everyone, ensuring that borrowers can tap into the numerous organizations that are already part of the FHA network to receive this additional benefit.
Donovan cited estimates by the National Association of Home Builders that the tax credit could stimulate 160,000 home sales across the nation, of which 101,000 could be first-time buyers using the tax credit. Another 59,000 existing homeowners could buy another home because a first-time buyer purchased their home, he said.
Donovan said FHA will publish details of the plan shortly.
Kim Cargill-Wax
Southland GMAC Real Estate
200 Midlake Suite C Knoxville TN 37918
Cell-865-206-2820 Fax-865-426-8792
MailTo:KimberlyWax@msn.com
Website: http://www.KimWax.KnoxvilleFindaHome.com
http://www.ViewTnHomesForSale.com
http://www.ViewWaterFrontProperty.com
http://www.MountainAndLakeFrontLiving.com
http://www.1204NShorewoodLn.com
http://www.1329NShorewoodLn.com
http://www.462PerrySmithLn.com
http://www.8074CamberleyDr.com
http://www.976FoxRidgeLn.com
http:/www.253SShorewoodLn.com
Donovan's remarks at the National Association of Realtors' legislative meeting in Washington represented the second major news announcement for HUD this week; earlier this week, Donovan announced that HUD had withdrawn its “required use” provision in final Real Estate Settlement Procedures Act rules.
“We all want to enable FHA consumers to access the tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. “So FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits, as well as state and local governmental entities to 'monetize' the tax credit through short-term bridge loans. We think the policy is a real win for everyone, ensuring that borrowers can tap into the numerous organizations that are already part of the FHA network to receive this additional benefit.
Donovan cited estimates by the National Association of Home Builders that the tax credit could stimulate 160,000 home sales across the nation, of which 101,000 could be first-time buyers using the tax credit. Another 59,000 existing homeowners could buy another home because a first-time buyer purchased their home, he said.
Donovan said FHA will publish details of the plan shortly.
Kim Cargill-Wax
Southland GMAC Real Estate
200 Midlake Suite C Knoxville TN 37918
Cell-865-206-2820 Fax-865-426-8792
MailTo:KimberlyWax@msn.com
Website: http://www.KimWax.KnoxvilleFindaHome.com
http://www.ViewTnHomesForSale.com
http://www.ViewWaterFrontProperty.com
http://www.MountainAndLakeFrontLiving.com
http://www.1204NShorewoodLn.com
http://www.1329NShorewoodLn.com
http://www.462PerrySmithLn.com
http://www.8074CamberleyDr.com
http://www.976FoxRidgeLn.com
http:/www.253SShorewoodLn.com
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