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The rules of buying and selling a home in North Carolina are getting a shakeup this month. But it’s still too early to tell where broker commissions and house prices will land as a result ...
North Carolina's planning and development regulations for cities had been consolidated into Article 19 of General Statutes Chapter 160A in 1971. [1] The regulations for counties were consolidated into Article 18 of Chapter 153A in 1973. [1] In the decades that followed, hundreds of amendments were added to these chapters without a consistent ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
It is illegal to impose any zoning, building, or real estate codes that have not been imposed on other non-planned residential communities. Eminent domain is a hot button issue that has affected the relationship between the government and its citizens. The North Carolina Planned Community Act provides a payment allocation plan for lots taken by ...
A straightforward rate-and-term refinance, in which you simply swap your current mortgage for a same size loan, does not trigger any tax changes: Your property tax bill will not change.
The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.
The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]
Key takeaways. To get approved for a condo mortgage, you’ll need a lender to approve both you and the entire condominium project. Financing a condo usually means paying a higher mortgage ...
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