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The Malone Bay community features 18 lots at W. Kerr Scott Dam & Reservoir. Fourteen (14) are Lakefront and meet private dock requirements. All lots have access to public water, saving owners from $5,000 to $10,000 on drilling a well. These lots have public water and will save you the cost of drilling a well. The entire development also features underground utilities.

This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

W. Kerr Scott Lake is 1500 acres with 50 miles of shoreline and is controlled by the US Army Corps of Engineers. It is clean water with good fishing and is excellent for boating, kayaking, skiing, and swimming. The property is surrounded by National Parks. Wilkesboro is a beautiful community and town with friendly people. It is located just 40 miles east of Boone and Blowing Rock, NC and one and a half hours northwest of Charlotte.

Malone Bay Lakefront Lots W. Kerr Scott Lake

click here for more informationMalone Bay Lakefront Lot W. Kerr Scott Lake

02 Jan 2012 07:26 am

Affordabke Wilkes County North Carolina Waterfront Lot on W. Kerr Scott Dam & Reservoir

MLS #: O56045A
List Price: $329,900
Williams Farm Rd Wilkesboro, NC 28697

APX ACREAGE: 2.44
SUITABLE USE: Residential
TOPOGRAPHY: Lake/Pond, Heavily Wooded, Exceptional View
AREA: Area 2
SUBDIVISION: Williams Farm
ELEMENTARY SCHOOL: Wilkesboro
MIDDLE SCHOOL: Cntrl Wlks
HIGH SCHOOL: Wilkes Central

LOT SIZE: 2.44 Acres
PARCEL ID: 0302666
RESTRICTIONS: Yes

OWNER NAME: Ziegler, Nanci and Brent
TERMS OF SALE: Cash, Conventional
POSSESSION: At Closing
DOCUMENTS ON FILE: Survey/Plat, Deed Restrictions
SHOWING INSTRUCTIONS: Sign, Show Anytime, Other-See Remarks
UTILITIES: Underground Utilities
WATER/SEWER: None-Water, None-Sewer
ROAD FRONTAGE: Private Road, Paved Road
MISCELLANEOUS: 1-5 Acres
REMARKS: 2.44 Acre point lot with Main Channel Lake View. 500 feet of waterfront. Private Dock Permit in Place. Community with only 17 Lots.
DIRECTIONS: Hwy 268 West 5.5 miles. Turn Right onto Williams Farm Road, Lot 16 on right just before the end of Cul-de-Sac. Sign on Lot.
MISCELLANEOUS: Association Dues are $195. per year.

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31 Dec 2011 01:34 pm

Anti-flipping Waiver Extended to Support Home Sales

The Federal Housing Administration waived a rule that restricts the agencies from insuring a home if the home is sold within 90 days of their possession. Now FHA is extending this waiver. This regulation, known as anti-flipping regulation, was invented to curb the damages done by market functions. It disallows the buyers to buy a property and then immediately sell it at high prices. This was earlier set to expire on January 31, 2012; but it has now been extended to remain in effect till December 31, 2011.

This anti-flipping regulation was designed in order to sustain a stable housing market. However, in the year 2010, it was waived. Its waiver was supported by the argument that this temporary relief would let the purchasers to buy HUD-owned properties, bank-owned properties and private homes. The buyers would buy the homes, improve them and resell them. This would lead to revitalization of the housing market.

The acting FHA commissioner, Carol Galante, is of the view that extending this waiver would result in accelerating the resale of foreclosed homes. Galante further added that FHA would remain a source of mortgage financing.

There are some restrictions attached with this waiver. The parties involved in these dealings cannot seek to achieve any special interest other than from buying and selling of the properties.

The lender has to meet all the criteria and provide documents in order to justify the increased price, if the sales price of the property is greater than or equal to 20% of the actual cost. This waiver is applicable to forward mortgages only.

According to FHA, the waiver has been extended after realising that acquiring, rehabilitating and selling a distressed home or property takes less than 90 days.

If you want any help in a short sale, Short sales in New Castle, you can seek help and education from me which is necessary to make educated decisions. If you would like a free PRIVATE consultation please email me at homes4keep@yahoo.com. – Pearl