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That’s why the lady is a HAMP…or is it Jimmy HAFA?

Mike — Tue, 24 Aug 2010 12:22:07 +0000

If the corny title to this blog post didn’t get your attention, I think that the details behind it will. Mike Moulton of Bee Home Solutions, Inc. in Charlotte, NC discusses the pros and cons of the government programs surround HAMP (Home Affordable Modification Program) and the HAFA (Home Affordable Foreclosure Alternatives) program.

HAFA is designed for homeowners who have applied to HAMP for assistance but have had no success with their loan modification program. To participate in HAFA, homeowners must still meet HAMP’s eligibility criteria (principal residence, first-lien mortgage, serious delinquency, unpaid balance under $729,750, and a mortgage payment over 31 percent of gross income).

Watch the video for more details. Bee Home Solutions, Inc. is a licensed real estate firm in NC and helps to provide numerous no fee solutions to homeowners facing foreclosure. 704-885-0488 begin_of_the_skype_highlighting 704-885-0488 end_of_the_skype_highlighting.

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Homeowners beware of your lenders Deed in Lieu of foreclosure offer letters

admin — Fri, 23 Jul 2010 16:30:03 +0000

Recently at the end of June, many of the big lenders started sending out letters to homeowners that are behind on their mortgages offering them what they are calling a favorable deed in lieu of foreclosure offer. What many homeowners don’t realize is that they are giving up their rights to the title of their properties and have to move out within 30 days maximum. Checkout the video that I recorded on this:

Through working with a lot of our clients in the greater Charlotte, NC area, we have found excellent alternatives to foreclosure for them via a short sales and other methods. For more information, please call our office at 704-885-0488. You can also visit our informational site at Charlotte Foreclosure Challenges.

All the best,

Mike Moulton

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Renovated Ranch For Sale in Popular Madison Park Neighborhood – Charlotte, NC

Mike — Fri, 21 May 2010 15:57:05 +0000

Beautifully updated ranch on nice private lot! This home is a must see. Too many updates to list, nice hardwood floors, spacious kitchen, cozy den, woodburning fireplace, built-in bookshelves, private back yard with covered patio, new roof, siding, paint, windows, driveway, etc. This is a great part of town to live in. Just blocks from Park Road and Woodlawn, close to Selwyn, etc. Easy access to I77, airport, light rail and uptown Charlotte.

Come and check this one out at:

1214 Montford Drive, Charlotte, NC 28209

Call Mike to setup a showing time: 704-885-0488


Listing Price: 279900
Address: 1214 Montford Drive
City: Charlotte
State: NC
ZIP: 28209
MLS # (if any): 940782
Square Feet: 1671
Bedrooms: 3
Bathrooms: 2
Basement (full, 1/2, finished, unfinished): n/a

Master Bedroom

Family room - 1st View

Family Room - 2nd view

Cozy Den

Covered Patio

Guest Room

Spacious Kitchen with Breakfast Nook

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13808 Dannemara Dr, Pineville, NC – Awesome 3 bedroom – 2 bath Ranch!

Mike — Mon, 10 May 2010 14:48:32 +0000

Beautiful updated home! This home has been well maintained and has a great, open flowing floorplan. New paint and laminate flooring throughout, vaulted ceilings, fireplace, master suite, new roof, pressure treated rear deck, fenced private back yard, storage shed, home warranty & all appliances! (inc.fridge, washer/dryer). Come and see this home now!

This is a great starter home, investment property, or a great home for a buyer looking to downsize. Located just minutes off of I485 in Pineville, NC. This home is close to shopping and only 20 min to uptown Charlotte and 15-20 min to the airport. This is a must see home.

Listing Price: $138,000
Address: 13808 Dannemara Drive
City: Pineville
State: NC
ZIP: 28134

MLS # (if any): 909427
Square Feet: 1452
Bedrooms: 3
Bathrooms: 2
Basement (full, 1/2, finished, unfinished):

Call Mike at 704-885-0488 for more information or to setup a showing.

Great first time homebuyer property!

Kitchen View

Elegant Master Bedroom

Great Fenced in Backyard!

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Greater Charlotte Area Real Estate Market Statistics – March 2010

Mike — Tue, 04 May 2010 16:10:26 +0000

Although its May, I’m reporting and interpreting the Greater Charlotte, NC real estate market data for March’s activity. This is because April’s activity is not available yet. For March 2010, overall there were 1,900 residential units sold (condo, townhome, house, etc.) vs. 25,526 on the market (7.5% sold in March vs. what was available). This is up 36% from the previous month in February 2010 with 1,397 units sold. The homebuyer tax credit most likely had a large impact on this but we’ll see when we get April’s data since April 30th was the last day to be under contract (this should uptick closings through June 30th which is the closing deadline for that program). Pending status (under contract) was right at 2,498 for March which is up over 500 units from February 2010. What is interesting to note is when the Pending status increases and stretches out from month to month, its a direct indicator of the longer processing times in the mortgage industry. In our business we are still seeing delays with short sale approvals and timing.

Drilling down a bit, in Union County had the most sales in March with 164 units sold with an average sales price of $259,477. The Lake Wylie market has declined in sales tremendously only producing 23 sales in March with an average sales price of $397,322. The following are the sales numbers for March 2010 for some of the surrounding counties:

Mecklenburg County (N) – sales 159 (avg. sales price $ 183,806)
Mecklenburg County (E) – sales 122 (avg. sales price $ 122,708)
Mecklenburg County (SE) – sales 75 (avg. sales price $ 161,597)
Mecklenburg County (SSE) – sales 74 (avg. sales price $262,975)
Mecklenburg County (S) – sales 153 (avg. sales price $ 363,914)
Mecklenburg County (SSW) – sales 63 (avg. sales price $ 194,830)
Mecklenburg County (SW) – sales 72 (avg. sales price $ 140,859)
Mecklenburg County (W) – sales 57 (avg. sales price $72,000)
Mecklenburg County (NW) – sales 90 (avg. sales price $129,450)
Cabarrus County – sales 148 (avg. sales price $159,000)
Iredell County – sales 90 (avg. sales price $ 138,413)
Lake Norman – sales 72 (avg. sales price $314,500)
Lincoln County – sales 24 (avg. sales price $ 137,864)
Lake Wylie – sales 23 (avg. sales price $ 397,322)
Gaston County – sales 140 (avg. sales price $ 109,759)
York County – sales 121 (avg. sales price $ 201,386)

Hopefully you found this useful. As always, feel free to give us a call at 704-885-0488 if we can help you with your real estate needs or click here. Take care,

Mike Moulton

Bee Home Solutions, Inc.

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NOTICE: North Carolina Homeowners – Just Tell Your Lender Not To Foreclose

Mike — Tue, 04 May 2010 14:04:11 +0000

The North Carolina Commissioner Of Banks (NCCOB) announced last week new rules to help prevent foreclosures in North Carolina. These rules govern licensed mortgage servicers and will go into effect on June 1, 2010.

The new rules are to aid homeowners that are trying to work out other payment options, loan modifications, etc. with their lenders but finding that they don’t have enough time to get these actions done before a foreclosure auction date. This is in response to many homeowners losing their homes WHILE they are working with their lenders. The foreclosure process presses on (120 days in NC) and the homeowner never gets an answer promptly on new terms for their loans.

The 2 main points of this new rule are: 1.) The mortgage servicer is required to stop foreclosure efforts pending the request from a homeowner to do so under Rule 703

2.) Requires a homeowner to reply promptly and clearly to homeowner requests under Rule 702

T-he entire press release is at this link

Michael Moulton of Bee Home Solutions, Inc. educates and helps homeowners in the Greater Charlotte North Carolina area to avoid foreclosure with their number of -strategies. There are a number of educational videos at the Charlotte Foreclosure Challenges website. Feel free to call the office for assistance at 704-885-0488.

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Is Your Business Repeatable?

Mike — Tue, 29 Sep 2009 20:31:50 +0000

Day in and day out, I speak with clients, colleagues, friends and fellow business owners about daily operations within their organizations. The recurring theme is that a large majority of them complain about having to do the same tasks and action items over and over again. This can be extremely frustrating on a daily basis when you are trying to grow your business, not to mention boring!

I spend a lot of time with my staff working to implement repeatable and reproducible processes so that we can “set it and forget it” so-to-speak and move on to more value added activities. Wouldn’t it be ideal to have your business completely automated and only have to check-in on it daily or weekly? Well, this is not an easy task to accomplish but definitely one worth pursuing.

Below are the 7 key steps that you should take to move towards a repeatable operation:

1. Create a manual process that works. Make sure that you can walk before you run.

2. Optimize each process then document. I find that creating process maps is a great way to visually understand what it going on. You can use tools like Visio or Powerpoint to accomplish this.

3. Group the processes by either business function or job role. Ex.) All processes to do with selling a house should be in the Sales function or the Sales Manager role in my business.

4. Schedule “Process Optimization and Automation” meetings with each of the key stakeholders on your team which utilize and own each process. The goal of these meetings is to assess where the possible automation opportunities lie. Make sure that you identify what the role of each automation point is first (business requirement) before you identify solutions. It is much easier to adapt solutions for automation later once you understand what the purpose is.

5. Implement new technologies to automate each process point. Look to group where possible.

6. The last step is to create a control plan for the overall process. This ensures that the new solution does not operate out of the acceptable result in the future. A great example of this would be to setup an email alert to be sent to the Sales Manager when a property is on the market 60 days or greater.

7. As part of the control plan, always setup a regular review process with the key stakeholders so that the process and your business can benefit from continuous improvement actions.

Practice these simple techniques on a regular basis and you will find that your business will not only grow, but your staff will be happier because they will be making a change as they grow in their roles.

Take care and good luck,
Mike

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Relocating to Charlotte NC – 3+ Key Items To Think About

Mike — Mon, 21 Sep 2009 18:00:25 +0000

In this weeks’ Real Estate Quick Tip Mike Moulton of Bee Home Solutions, Inc. discusses the three key things that you need to consider when relocating. He discusses taxes, school systems, area of the town/city impact and more. Be sure to tune it and watch the video.

If you are relocating to Charlotte or within the greater Charlotte, NC area and need assistance, please call 704-885-0488 or submit an online request.

Be sure to checkout last week’s video quick tip on Charlotte NC Inventory Real Estate On Sale Now if you missed it.

Take care and thanks for watching!

Mike Moulton

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Greater Charlotte Area Real Estate Market Statistics – August 2009

Mike — Thu, 17 Sep 2009 15:43:21 +0000

Every month I like to report and interpret the Greater Charlotte, NC real estate market data for the past months’ activity. For August 2009, overall there were 2,221 residential units sold (condo, townhome, house, etc.). This is flat from the previous month in July 2009 with 2,223 units sold. Pending status (under contract) is right at 2,434 for August which is up slightly from July 2009. What is interesting to note is when the Pending status increases and stretches out from month to month, its a direct indicator of the longer processing times in the mortgage industry. In my business we have seen delays in 2 categories. The first being First Time Home Buyers and the second being short sales.

A lot of the First Time Home Buyers have been seeking local or government down payment assistance and/or applying for FHA loans. We’ve noticed that these agencies are experiencing delays in processing the down payment assistance money. In the short sale market, lenders are both overwhelmed with case loads and they are redistributing resources on loan modification programs which is delaying processing of the short sales.

Drilling down a bit, in Mecklenburg County the north part of the county had the most sales in August with 174 units sold with an average sales price of $183,727. The Uptown Charlotte market has declined in sales tremendously only producing 12 sales in August with an average sales price of $347,391. The following are the sales numbers for August 2009 for some of the surrounding counties:

Union County =       208 sales (avg. sales price of $267,172)
Cabarrus County = 153 sales (avg. sales price of $196,313)
Gaston County =      144 sales (avg. sales price of $127,517)
Iredell County =      107 sales (avg. sales price of $144,289)

The Lake Norman area had 91 sales (avg. sales price of $413,056)

Hopefully you found this useful. As always, feel free to give us a call at 704-885-0488 if we can help you with your real estate needs or click here. Take care,

Mike Moulton

Bee Home Solutions, Inc.

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Charlotte NC Inventory Real Estate On Sale Now

Mike — Tue, 08 Sep 2009 14:13:20 +0000

In this weeks’ video quick tip Mike Moulton of Bee Home Solutions discusses the major discounts on real estate on pre-built custom homes in the greater Charlotte, NC area. He also discusses how buying an existing home (new or resale) is a better deal than new construction in today’s market.

Some recent areas that Mike visited were homes in Marvin, Reflection Pointe, Providence Downs South, Denver NC, and Mooresville NC.

If you missed last weeks video on the $8000 First Time Homebuyer Credit Demystified then click the highlighted text to view it.

Looking for a great deal on a home in the greater Charlotte NC area? Give us a call at 704-885-0488 and ask for Mike.

Take care,
MIke

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