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Edisto Beach Real Estate-Obama'a Paying you to Short Sale your Home

Cal Griffin (The Edisto Beach Company.com) — Wed, 17 Mar 2010 20:28:55 -0400

...I was reading a blog from another agent and she was slightly confused or uniformed about short sales. Help is on the way with the new HAFA program. The Gov't is encouraging homeowners who do not quailify for refinancing or loan modifications to short sale their home. As a matter of fact, they will even pay you some moving expense cash and pay the bank servicer to help cover the admistrative cost. Howver, this must be your primary residence, the mortgage not over $729,750, you must be behind on your payments(can't just dump the house because your house is underwater), and you can't have a sleuth assets that can be used for collateral.

So if you have a House at the beach it must be your primary resicence and can't have a mortgage over $730,000.

Here is an excerpt from the National Association of Realtors.

On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. Servicers participating in HAMP are also required to comply with HAFA. A list of servicers participating in HAMP is available at MakingHomeAffordable.gov.

HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which will issue their own versions of HAFA in coming weeks.

HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. HAFA:

Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home.
Uses borrower financial and hardship information already collected in connection with consideration of a loan modification.
Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).
Prohibits the servicers from requiring a reduction in the real estate commission agreed upon in the listing agreement (up to 6 percent).
Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).
Uses standard processes, documents, and timeframes/deadlines.
Provides financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to $1,000 for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders (on a one-for-three matching basis).
Requires all servicers participating in HAMP to implement HAFA in accordance with their own written policy, consistent with investor guidelines. The policy may include factors such as the severity of the potential loss, local markets, timing of pending foreclosure actions, and borrower motivation and cooperation.

The program does not take effect until April 5, 2010, but servicers may implement it before then if they meet certain requirements. The program sunsets on December 31, 2012.

Edisto Beach-Now That’s Heaven!

Cal Griffin

The Edisto Beach Real Estate Advisor

Edisto Beach, SC

Cell-843-908-2101

Toll Free 800-726-1881

Visit my websites:

http://www.MyEdistoRealEstateBlog.com

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Edisto Beach Real Estate Edisto Beach, SC

Breaking Short Sale Info: 'Cash For Walkers'...Short Sale Today, Get PAID Tomorrow!

Cal Griffin (The Edisto Beach Company.com) — Tue, 16 Mar 2010 14:31:20 -0400

Via Tim and Julie Harris (Harris Real Estate University):

In case you missed it...2010 IS the Year of the Short Sale!

Here is the headline: New Obama Treasury Department program PAYS homeowners to avoid foreclosure….and do a short sale....should we call the new program...

'Cash For Walkers'?

Afterall, we already have..’Cash For Clunkers’ and the proposed ‘Cash For Caulkers’….maybe this new program should be called…Cash For Walkers?

Afterall, this is what happens when someone decides to take the Treasury Department up on their offer to do a short sale vs allowing the home to go into foreclosure.

We first reported on this detail of the soon enacted HAFA Program clear back in November. Watch the videos we made for you about HAFA..and why 2010 IS the year of the Short Sale.

In case you missed it…here are the details:

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.

More than five million households are behind on their mortgages and risk foreclosure. The government’s $75 billion mortgage modification plan has helped only a small slice of them. Consumer advocates, economists and even some banking industry representatives say much more needs to be done.

Agents, are you now 100% convinced that 2010 IS the year of the Short Sale? If not, go back and read those last few sentences again. Next, learn NOW how to become a HREU CDPD (Certified Distressed Property Designation). Watch the FREE Agent Short Sale Secrets video and download the FREE Short Sale book!

For the administration, there is also the concern that millions of foreclosures could delay or even reverse the economy’s tentative recovery — the last thing it wants in an election year.

Taking effect on April 5, the program could encourage hundreds of thousands of delinquent borrowers who have not been rescued by the loan modification program to shed their houses through a process known as a short sale, in which property is sold for less than the balance of the mortgage. Lenders will be compelled to accept that arrangement, forgiving the difference between the market price of the property and what they are owed.

Re-read that. Part of the new HAFA program is that the lenders CAN’T Go after deficiency judgments. And….they can NO LONGER request that the seller sign a promissory note…or cash at closing. Watch the videos that we created for you…you need to understand what a simply massive shift will take place April 5th once the new HAFA Guidelines are in place. Watch the videos NOW.

“We want to streamline and standardize the short sale process to make it much easier on the borrower and much easier on the lender,” said Seth Wheeler, a Treasury senior adviser.

The problem is highlighted by a routine case in Phoenix. Chris Paul, a real estate agent, has a house he is trying to sell on behalf of its owner, who owes $150,000. Mr. Paul has an offer for $48,000, but the bank holding the mortgage says it wants at least $90,000. The frustrated owner is now contemplating foreclosure.

To bring the various parties to the table — the homeowner, the lender that services the loan, the investor that owns the loan, the bank that owns the second mortgage on the property — the government intends to spread its cash around.

Under the new program, the servicing bank, as with all modifications, will get $1,000. Another $1,000 can go toward a second loan, if there is one. And for the first time the government would give money to the distressed homeowners themselves. They will get $1,500 in “relocation assistance.”

Should the incentives prove successful, the short sales program could have multiple benefits. For the investment pools that own many home loans, there is the prospect of getting more money with a sale than with a foreclosure.

For the borrowers, there is the likelihood of suffering less damage to credit ratings. And as part of the transaction, they will get the lender’s assurance that they will not later be sued for an unpaid mortgage balance.

Agents, please understand…if the homeowner does NOT do a short sale…they are still on the hook for a possible judgment! Once homeowners learn about this….do you think they will want to do a short sale? Of course. Now the only question is…will you be the agent to list and sell that short sale? Learn the new proven ways to easily list and sell short sales. Become a HREU CDPD Now for only $97! Go here now to learn more.

For communities, the plan will mean fewer empty foreclosed houses waiting to be sold by banks. By some estimates, as many as half of all foreclosed properties are ransacked by either the former owners or vandals, which depresses the value of the property further and pulls down the value of neighboring homes.

Under the new federal program, a lender will use real estate agents to determine the value of a home and thus the minimum to accept. This figure will not be shared with the owner, but if an offer comes in that is equal to or higher than this amount, the lender must take it.

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Edisto Beach Real Estate-Have you Ever Seen the Edisto Boobie Tree?

Cal Griffin (The Edisto Beach Company.com) — Tue, 09 Mar 2010 20:14:51 -0500

Edisto Beach,SC

…you will find amazing curiosities all over Edisto. The island is rich in myth and lore. From the famed Boobie Tree to the Indian Mound to the Ghost Crypt…and let’s not forget the Tacky Tree. Where do these things come from and from whom? …I hope that you enjoy this little video that I put together on the Edisto Boobie Tree.

Edisto Beach-Now That’s Heaven!

Cal Griffin

The Edisto Beach Real Estate Advisor

Edisto Beach, SC

Cell-843-908-2101

Toll Free 800-726-1881

Visit my websites:

http://www.CalGriffin.com http://www.TheEdistoBeachCompany.com

Visit my Blogs:

http://www.MyEdistoRealEstateBlog.com http://www.TheEdistoRealEstateAdvisor.com

Edisto Beach Real Estate-The Wyndham goes YouTube

Cal Griffin (The Edisto Beach Company.com) — Fri, 05 Mar 2010 16:04:44 -0500

Edisto Beach,SC ...I just saw this Video of the Wyndham Resort on Edisto and thought that you would like to see it. It sure brings back memories of warmer days. I hope that we have seen that last of the chilly days...I tell everyone that I only own 3 long sleeve shirts...most of the time on Edisto I wear short sleeves. I hope that you enjoy the video...Spring is a coming.

Edisto Beach Real Estate-The Beach Has Gone to the Snakes

Cal Griffin (The Edisto Beach Company.com) — Wed, 03 Mar 2010 21:38:03 -0500

Edisto Snakes

Welcome to the Edisto Island Serpentarium

As The First True Serpentarium In South Carolina, This Facility Is Dedicated To The Recognition, Preservation And Study Of The World Of Reptiles. We Provide Educational And Exciting Displays Of Reptiles Both From Around The World And Native To The Region.

Once Here, You Can View These Beautiful Creatures In Both Our Indoor And Outdoor Facilities. Alligators And Turtles Swim And Play In Large Outdoor Ponds In Our Outdoor Gardens, While Other Reptiles Bask In The Large Indoor Solarium.

Also Inside, Snakes Of The World Find Homes In Large Displays Hand-Painted With Scenes Native To Their Region. Among Them Are Many Representations Of The Most Important Species Of Reptiles In The Americas. Our Friendly And Professional Staff Are Ready To Answer Any Questions You May Have.

Whatever Your Interest In Reptiles, We Hope You Enjoy Your Visit To Edisto Island Serpentarium And Will Continue To Visit Us For Years To Come!

Walk, crawl, slither, swim or drive to the Edisto Island Serpentarium >>>

George the Allligator on Edisto

Come Visit Us on Edisto!

Edisto Beach-Now That’s Heaven!

Cal Griffin

The Edisto Beach Real Estate Advisor

Edisto Beach, SC

Cell-843-908-2101

Toll Free 800-726-1881

Visit my websites:

Visit my Blogs:

Edisto Beach Real Estate-1 Turtle Hill Lane, Edisto Island,SC 29438

Cal Griffin (The Edisto Beach Company.com) — Tue, 02 Mar 2010 11:46:23 -0500

THE EDISTO BEACH COMPANY.COM ...YOUR CONNECTION TO EDISTO REAL ESTATE

1 TURTLE HILL LN EDISTO ISLAND, SC 29438 LP: $234,900

MLS#: 2927001m - VAC Status: Active Area: (26) CHS-Edisto Island Municipality: (26) EDISTO ISLAND Low Price: Zoning: Residential Tax Map#: 086-00-00-013 Address: 1 TURTLE HILL LN City: EDISTO ISLAND Zip: 29438 Lot Size: 1.01 Acres: 1.01 Subdiv: TURTLE HILL POINT Subsec: Grade Sch: JANE EDWARDS Middle Sch: R D SCHRODER High Sch: BAPTIST HILL Legal Desc: Lot 1 of TMS #086-00-00-013 Dev Status: Subdivision, Finished Lots Docs Avail: Existing Util: Septic Permit Road Front: Income: Misc: Private Dock at lot, Other (use remarks) Structures: Uses: Residential Click photo for additional media and enlargement

Lot Desc: 1/2 -1 Acre Amenities: Auction: N Auction Type: Reserve Amt:

Directions: Take Hwy 174 to Steamboat Landing Road-Drive on Steamboat Landing Rd. go 2 miles and then take a right on Jenkins Hill Road until you see Turtle Hill Lane Road on the left(look for the our sign)drive down dirt road until the end-look for sign Remarks: Time stands still on Turtle Hill's point, this home site is the pinnacle location of this newly developed subdivision. Enjoy breathtaking Sunsets with 180 degree views of the Steamboat Creek and her Marshes. This lot is sprinkled with century old live oaks draped with Spanish moss. If you are a nature lover, you will likely see deer, fox, eagles, egrets and a plethora of different species of birds and smaller wildlife. This home site has a permit for a tidal dock with a lift-just right for fishing, crabbing and a small fishing boat. Turtle Point is located just minutes from SteamBoat Landing, and is near William Seabrook Plantation. Come and build your dream home today. This is the Best of the Best-don't let this opportunity escape you. Seller is licensed SC Broker. Agnt Notes: This is a great lot. Buyer to verify acreage, school zones, taxes, insurance and any other pertinent information. Click here to report incomplete or inaccurate information

Prospect Ex: N Financing: Any Assumable: No C/R: N Taxes: $1,767 HOA Fee: Assmt Ratio: SpAssmt: N Owner: OWNER OF RECORD List Date: 10/9/2009 Exp Date: 10/10/2010 CntngncyRsn:

List Agent: (16068) CAL E. GRIFFIN, EPRO, RSPS Type/Comp/SubAccept: EXRIGHT/4 %/N List Office: (8612) THE EDISTO BEACH COMPANY Variable: N Co-Off: () Co-Agt: () Contacts: Agent Mobile
843-908-2101

Edisto Beach Real Estate-Seaside Oaks, Edisto Island, SC 29438

Cal Griffin (The Edisto Beach Company.com) — Tue, 02 Mar 2010 11:34:11 -0500

THE EDISTO BEACH COMPANY.COM ...YOUR CONNECTION TO EDISTO REAL ESTATE

0 SEASIDE OAKS LN EDISTO ISLAND, SC 29438 LP: $359,900

MLS#: 2927501md - VAC Status: Active Area: (26) CHS-Edisto Island Municipality: (10) CHARLESTON COUNTY Low Price: Zoning: Residential Tax Map#: 023-00-00-303 Address: 0 SEASIDE OAKS LN City: EDISTO ISLAND Zip: 29438 Lot Size: 0 Acres: 1.69 Subdiv: SEASIDE OAKS Subsec: Grade Sch: JAMES B EDWARDS Middle Sch: JANE EDWARDS High Sch: BAPTIST HILL Legal Desc: tmp# 023-00-00-303 lot 6 Dev Status: Subdivision, Finished Lots Docs Avail: Plat, Aerial Photo Existing Util: Septic Permit Road Front: Dirt Income: Misc: Private Dock at lot Structures: Uses: Residential Click photo for additional media and enlargement

Lot Desc: High, W/f-shallow, Tidal Creek, Marshfront, 1-2 Acres, Marsh View Amenities: Dock Facilties Auction: N Auction Type: Reserve Amt:

Directions: from Charleston on Hwy 174 just before the Beach you will see a dirt road(Sea Side Oaks) on the right between the True Value Hardware Store and Atwood Vacations, take dirt road until you pass a hard left-look for sign, property will be on the right. Remarks: Fantastic Sunsets! Enjoy beautiful sunsets from your Fishing Creek dock. This wonderful home site and tidal creek dock is the perfect place to build your dream home. Yet secluded, but just two minutes away from the ocean and Boat Landing. This home site is on a high bluff sprinkled with mossy oaks. A View, a dock, a tidal creek...just needs your dream home to make it perfect. Don't let this treasure slip away....Call Today! Agnt Notes: Easy to show...agents please verify any pertinent information such as schools, acreage, and taxes. Owner is licensed SC Broker. Click here to report incomplete or inaccurate information

Prospect Ex: N Financing: Any Assumable: No C/R: Y Taxes: $2,818 HOA Fee: Assmt Ratio: SpAssmt: N Owner: OWNER IS SC BROKER List Date: 10/16/2009 Exp Date: 10/16/2010 CntngncyRsn:

Edisto Beach Real Estate-1424 Marsh Bluff Court, Edisto Island,SC 29438

Cal Griffin (The Edisto Beach Company.com) — Tue, 02 Mar 2010 11:16:16 -0500

THE EDISTO BEACH COMPANY.COM ...YOUR CONNECTION TO EDISTO REAL ESTATE

1424 MARSH BLUFF CT EDISTO ISLAND, SC 29438 LP: $498,900

MLS#: 1001571m - RES - SFD Status: Active Area: (26) CHS-Edisto Island Municipality: (26) EDISTO ISLAND Bedrooms: 5 Apx SqFt: 2,836 Bths Ful/Hlf: 3/0 Tax Map#: 025-00-00-157 Stories: 2 Story Apx YrBlt: 2005 Address: 1424 MARSH BLUFF CT City: EDISTO ISLAND Zip: 29438 Lot Size: Acres: 1.28 Subdiv: SPARTINA BAY Subsec: Grade Sch: JANE EDWARDS Middle Sch: JANE EDWARDS High Sch: BAPTIST HILL Possessn: At Closing New/Owned: New-finished Legal Desc: LOT 3 !Use:SFR !Jurisd: CNTY-ASSESSR !Tax Dist:T.D. 8-1 EDISTO-ISLND !High Ac: 1.28 Click photo for additional media and enlargement

Style: Cape Cod Fireplace: Special: Roof: Asphalt Shng Foundation: Elev Construction Floors: W/w Carpet, Wood, Ceramic Tile Cooling: Central Heat: Heat Pump Utilities: SCEandG Parking: 2 Car Garage SqFt Source: Previous Listing $/Sqft: $175.92 Auction: N Auction Type: Reserve Amt: Lot Desc: Level, High, Wooded, 1-2 Acres Exterior: Vinyl Siding Master BR: Downstairs, W/i Closet, Outsd Access, Ceiling Fan Other Rms: Eat-in Kitch, Family, Foyer, Utility Misc. Int: Wlkin Closet, 9'+ Ceilings, Smooth Ceil, Kitchen Island Misc. Extt: Deck, Screen Porch, Lawn Irriga., Therml Wn/dr, Dock Existng, Work Shop Wat/Sew: Well, Septic Amenities: Dock Facilities Appliances: Elec Range, Microwave Built-in, Refrigerator, Dishwasher, Hot Tub/Spa, Gar Door Opener, Ceiling Fan Green Features:

Directions: Hwy 174 towards the beach, turn right onto Peters Point Road for 2.5 miles, turn right at Spartina Bay sign onto Marsh Bluff Ct. House is first house on the right. See sign. Showing: Cmbo L/b Remarks: Price reduced $100K-Amazing Home with deeded docksite on deep water community dock located on Store Creek. Loaded with all the extras: hardwood floors, ceramic tile, wide moulding, stainless steel appliances and much more. Plenty of room for the whole family. Extra Large screen porch and sun deck, almost 1700 square feet of covered garage space that can be used as a workshop, game room or both. Near to the boat landing and beach. Deeded dock space. This is a one of kind property. This one won't last long. Buyer to verify square footage. Seller is a SC Real Estate Broker. Seller is related to Listing Agent.
If square footage is important - MEASURE!! Agnt Notes: Easy to show and Sell. House is not on rental market. Show anytime. Keys in lockbox. Click here to report incomplete or inaccurate information

Lease/Pur: N Prospect Ex: N Financing: Any Assumable: No Taxes: $5,111 HOA Fee: N Assmt Ratio: (B) .06 NOT CLASSIFIED FOR LOW RATIO SpAssmt: N Owner: GRIFFIN Regime Fee: List Date: 1/18/2010 Exp Date: 1/18/2011 C/R: CntngncyRsn: Ownership:

List Agent: (16068) CAL E. GRIFFIN, EPRO, RSPS Type/Comp/SubAccept: Exclusive Right to Sell/3 %/N List Office: (8612) THE EDISTO BEACH COMPANY Variable: N Limited Svc: N Co-Off: () Co-Agt: () Contacts: Agent Mobile
843-908-2101 Agent Office Direct
843-908-2101 Agent Email
Cal@CalGriffin.com

Edisto Beach Real Estate-726 Sandpiper Ridge Rd, Edisto Beach,SC 29438

Cal Griffin (The Edisto Beach Company.com) — Tue, 02 Mar 2010 11:09:46 -0500

THE EDISTO BEACH COMPANY.COM ...YOUR CONNECTION TO EDISTO REAL ESTATE

726 SANDPIPER RIDGE RD EDISTO BEACH, SC 29438 LP: $259,900

MLS#: 2926976m - VAC Status: Active Area: (27) CLN-Edisto Beach Municipality: (84) EDISTO BEACH Low Price: Zoning: Residential Tax Map#: 357-02-00-159 Address: 726 SANDPIPER RIDGE RD City: EDISTO BEACH Zip: 29438 Lot Size: 75 X 150 Acres: 0.25 Subdiv: EDISTO BEACH Subsec: Grade Sch: EDISTO BEACH Middle Sch: FOREST CIRCLE High Sch: COLLETON Legal Desc: Lot xx, Blk 16 Dev Status: Finished Lots Docs Avail: Plat Existing Util: Septic Permit, Water Road Front: Dirt Income: Improvement Misc: Structures: Uses: Residential Click photo for additional media and enlargement

Lot Desc: Amenities: Trash Pickup Auction: Auction Type: Reserve Amt:

Directions: Hwy 174 to Palmetto Blvd-go about eight blocks-take right on Dawhoo St. -take next right onto SandPipper Ridge Road. Remarks: Edisto Beach,SC-Fantastic High and Dry -cleared lot just a short walk to the beach. The lot includes a 4 bedroom septic permit, site plan and engineered blue prints for a 4 bedroom home. This one won't last long. Bring all offers! Seller is SC Licensed Broker. Build your dream home Today! Agnt Notes: Click here to report incomplete or inaccurate information

Prospect Ex: Financing: Any Assumable: No C/R: Taxes: $3,157 HOA Fee: Assmt Ratio: B SpAssmt: Owner: List Date: 10/9/2009 Exp Date: 10/10/2010 CntngncyRsn:

Edisto Beach Real Estate-3517 Palmetto Blvd, Edisto Beach, SC

Cal Griffin (The Edisto Beach Company.com) — Tue, 02 Mar 2010 11:06:51 -0500

THE EDISTO BEACH COMPANY.COM ...YOUR CONNECTION TO EDISTO REAL ESTATE

3517 PALMETTO BLVD EDISTO BEACH, SC 29438 LP: $794,900

MLS#: 1003752md - RES - SFD Status: Active Area: (27) CLN-Edisto Beach Municipality: (84) EDISTO BEACH Bedrooms: 5 Apx SqFt: 2,300 Bths Ful/Hlf: 5/2 Tax Map#: 354-07-00-024 Stories: 2 Story Apx YrBlt: 1986 Address: 3517 PALMETTO BLVD City: EDISTO BEACH Zip: 29438 Lot Size: 75 X 150 Acres: 0.26 Subdiv: EDISTO BEACH Subsec: SECOND ROW Grade Sch: EDISTO BEACH Middle Sch: JANE EDWARDS High Sch: WALTERBORO Possessn: At Closing, Rnt Til Clos New/Owned: Pre-owned Legal Desc: LOt 9, Block AO Click photo for additional media and enlargement

Style: Contemp Fireplace: Special: Flood Ins Roof: Asphalt Shng Foundation: Piling Floors: W/w Carpet, Wood Cooling: Central Heat: Heat Pump Utilities: SCEandG Parking: 3+ Car Gar SqFt Source: Previous Listing $/Sqft: $345.61 Auction: N Auction Type: Reserve Amt: Lot Desc: Level, High Exterior: Wood Siding Master BR: Dual Masters, W/i Closet Other Rms: Pantry, Utility Misc. Int: Wlkin Closet, Cth/vlt Ceiling, Skylight, Kitchen Island Misc. Extt: Deck, Patio, Screen Porch, Lawn Irriga., Therml Wn/dr Wat/Sew: Public Water, Septic Amenities: Cable Available, Trash Pickup, Extra Storage, Laundry Facility Appliances: Elec Range, Gas Wall Oven, Microwave Built-in, Refrigerator, Dishwasher, Washer Conn, Dryer Conn, Washer, Dryer, Garbage Disp, Ceiling Fan Green Features:

Directions: Hwy 174 to Palmetto Blvd, continue until road becomes 2 lane, go approx 1 mile on right before hard curve going to Marina. Showing: Key In Offic Remarks: Just Reduced $100K-Stellar South Beach-Second Row Beach Home. Enjoy Magnificent ocean sunsets from large screened porch and sun decks. The floor plan is quite spacious featuring true heart of pine flooring, gourmet kitchen with custom cabinetry, vaulted ceilings and 4 master bedrooms each with walk-in closets and private full baths. Comes with all new custom designed furniture and an ultra wide flat screen TV. Downstairs features a screened cookout area with fishing sink, large parking area for cars and boats, laundry room and guest quarters with full bath. Recently remodeled, this is a must see one of a kind property! Make this home your weekend getaway or a great rental property. You don't want to miss this one. Rental Income for 2008 was $19,250.00. Don't miss this Whale of a Catch!
If square footage is important - MEASURE!! Agnt Notes: Owner is related to listing agent. This property is on rental. Turns on Monday so can shown anytime between 10:00 - 4:00 p.m. and please call our office for availability to show while it is rented. Rental Income for 2008 was $19,250.00. Click here to report incomplete or inaccurate information

Lease/Pur: N Prospect Ex: N Financing: Any Assumable: No Taxes: $7,941 HOA Fee: N Assmt Ratio: (B) .06 NOT CLASSIFIED FOR LOW RATIO SpAssmt: N Owner: OWNER ON RECORD Regime Fee: N List Date: 2/9/2010 Exp Date: 2/10/2011 C/R: CntngncyRsn: Ownership:

Edisto Beach Real Estate-29 Whaler Court, Edisto Beach,SC 29438

Cal Griffin (The Edisto Beach Company.com) — Tue, 02 Mar 2010 11:00:58 -0500

29 WHALERS CT EDISTO BEACH, SC 29438 LP: $297,000

MLS#: 2926991m - RES - SFD Status: Active Area: (27) CLN-Edisto Beach Municipality: (84) EDISTO BEACH Bedrooms: 3 Apx SqFt: 1,276 Bths Ful/Hlf: 2/0 Tax Map#: 354-08-00-153 Stories: 1 Story Apx YrBlt: 1983 Address: 29 WHALERS CT City: EDISTO BEACH Zip: 29438 Lot Size: 100X102X150 Acres: 0.20 Subdiv: WYNDHAM OCEAN RIDGE Subsec: Grade Sch: EDISTO BEACH Middle Sch: FOREST CIRCLE High Sch: WALTERBORO Possessn: At Closing New/Owned: Pre-owned Legal Desc: Lot 29, Section B Oristo Click photo for additional media and enlargement

Style: Cape Cod Fireplace: Great Rm, Wood Burning, One Special: Flood Ins Roof: Asphalt Shng Foundation: Piling, Elev Construction Floors: W/w Carpet, Vinyl Cooling: Central Heat: Heat Pump Utilities: SCEandG Parking: Detached, Off-st Prkng SqFt Source: Previous Listing $/Sqft: $232.76 Auction: N Auction Type: Reserve Amt: Lot Desc: Level, Rolling, High, Wooded, Cul-de-sac Exterior: Cement Plank Master BR: Ceiling Fan Other Rms: Family, Lr/dr Combo, Laundry Misc. Int: Cth/vlt Ceiling, Skylight, All Wdw Trmt, Blown Ceil Misc. Extt: Therml Wn/dr Wat/Sew: Public Water, Public Sewer Amenities: Sec. Grd/sys, Cable Available, Trash Pickup, Neighborhood Pool, Tennis Court, Club House, Play Park, Exercise Area, Golf, Gated Community Appliances: Elec Cooktop, Microwave Built-in, Refrigerator, Dishwasher, Washer, Dryer, Garbage Disp, Ceiling Fan Green Features:

Directions: Hwy 174 to Jungle Road, right on Lybrand to Docksite Road, left into the Wyndham Resort. Showing: Key In Offic, Apptmnt Only Remarks: Reduced $100K+ Hurry for the best deal on the Beach! Once in a lifetime opportunity to own a piece of Edisto. This Fantastic home is priced to Own! A must see! Recently updated and professionally decorated. Just a stroll to the beach thru the back gate-this home is nestled in the Exclusive Wynham Resort.Loaded with great amenities-a signature golf course, 3 pools, tennis courts, a Beach Front Cabana, and so much more. Also, has a strong income rental history. Relax and Enjoy Edisto Beach in your very own home but hurry at this price this opportunity won't last long....This is an Edisto one of a kind! Can close ASAP! Bring all Offers!
If square footage is important - MEASURE!! Agnt Notes: Seller is licensed SC Broker. Can close ASAP! Click here to report incomplete or inaccurate information

Lease/Pur: N Prospect Ex: Financing: Any Assumable: No Taxes: $2,886 HOA Fee: $156 Quarterly Assmt Ratio: (B) .06 NOT CLASSIFIED FOR LOW RATIO SpAssmt: N Owner: Regime Fee: List Date: 10/9/2009 Exp Date: 10/10/2010 C/R: CntngncyRsn: Ownership:

List Agent: (16068) CAL E. GRIFFIN, EPRO, RSPS Type/Comp/SubAccept: Exclusive Right to Sell/2.5 %/N List Office: (8612) THE EDISTO BEACH COMPANY Variable: N Limited Svc: N Co-Off: () Co-Agt: () Contacts: Agent Mobile
843-908-2101 Agent Home
(843) 908-2101

Edisto Beach Real Estate-National Market update

Cal Griffin (The Edisto Beach Company.com) — Mon, 01 Mar 2010 21:37:28 -0500

INFO THAT HITS US WHERE WE LIVE New home sales fell 11.2% in January to a record low level. Existing home sales weren't very pretty either, down 7.2%, though they're UP 11.5% over a year ago. Let's remember that last Fall we all thought the tax credit was going away at the end of November. Many sales got pushed into October and November, causing sales drops the next two months. But the median new home price is down just 2.4% year over year and the average price is now UP 3.7%. For an existing home, the median price is unchanged from a year ago and the average price is UP 2.6%. More evidence home prices are stabilizing, with some analysts expecting modest gains for the year. Supporting this, the Case-Shiller home price index was UP 0.3% in December, its seventh straight monthly rise.

Even more interesting was the news that this has actually been a very good decade for home prices. From January 2000 to December 2009, prices were UP 46%, making residential real estate a clearly profitable investment. And that's not even factoring in the mortgage interest and real estate tax deductions homeowners get!

Finally, we've reported that the Fed will stop buying mortgage bonds at the end of this month and experts feared rates may edge up. Now analysts say mortgage rates might not move much at all. This stems from the fairly calm market reaction to last week's hike of the Fed's discount lending rate (which is NOT the key Fed funds rate). Seeing little or no move in today's low mortgage rates is good news for the near term.

Edisto Beach-Now That’s Heaven!

Cal Griffin

The Edisto Beach Real Estate Advisor

Edisto Beach, SC

Cell-843-908-2101

Toll Free 800-726-1881

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Edisto Beach Real Estate-Don't Think that you need a Home Inspection???

Cal Griffin (The Edisto Beach Company.com) — Mon, 01 Mar 2010 17:34:03 -0500

Edisto Beach Real Estate

Edisto Beach, SC

…So you don’t think you need a home inspection. I hear this all the time. Most guys will tell me that… “I am a handy man…I will save the money and inspect it myself.” I always tell my clients to get a licensed home inspector. These professionals have been trained to inspect and look for problems that a lay person may miss. Pay the money-and get a little of piece of mind. After all-your home is usually your largest investment.

I have some real life photos taken from home inspections. No joke-these photos are the real deal. You would not believe some stuff that we see in homes. Enjoy the photos:

Can we say Arch Angel?

Is this what they call a left handed P Trap?

How do you Fix a leaky Faucet??...You add another?

...who really needs Breakers??

Concrete Sand Bags with a drain....

Loop de Loop P Trap...

Really...who took the time to drill all these holes in the Gutter

...Say What??

Do they not make shorter Nails???

Let's all do the twist...

What happens when you mix electricity with a dumber than dumber?

But the it leaks...

A bet you don't have one of these

"Funny as a Crutch Richie"

...but at least it is leveled

Is this Direct TV or Dish..or the Poop Vent TV

ET phone Home...

...Pop up Toaster?

On a Serious note, there are a lot of so called handymen that want to say a buck or two fixing their home. But some of these fixes can be dangerous. Last time, Get a Home Inspection!

Edisto Beach-Now That’s Heaven!

P.S

Thanks to

Dan Mykols from Southern Trust Mortgage-843-566-5169-dmykols@southerntrust.com for these fun photos.

Cal Griffin

The Edisto Beach Real Estate Advisor

Edisto Beach, SC

Cell-843-908-2101

Toll Free 800-726-1881

Visit my websites:

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The Edisto Beach Company

Edisto Beach Real Estate-Have you seen Dear John?

Cal Griffin (The Edisto Beach Company.com) — Sat, 27 Feb 2010 22:22:04 -0500

Currently, South Carolina is enjoying an unusual level of international exposure, as the feature film “Dear John” has debuted in first place at Box Office. Viewers readily recognize beloved locations like Edisto Island, Folly Beach, Sullivan’s Island and Charleston. Not only is the film a beautiful picture postcard of coastal South Carolina – it also flexes its most important muscle for location filmmaking – its ability to double for exotic locations ranging from Afghanistan, Eastern Europe, and the Congo.

It is important to note that “Dear John” is the second movie based on a Nicholas Spark’s novel to be filmed in South Carolina. Like “The Notebook”, “Dear John” is set in North Carolina. In both cases the producers and director chose South Carolina over North Carolina.

The film also highlights some impressive native know-how: 52% of “Dear John’s,” production crew came from South Carolina. A stellar performance considering that in 2005 the percentage of local hires was typically less than 20%. That’s a huge boon to the attractiveness of South Carolina as a film destination, as it demonstrates the wealth of resident talent capable of capturing the highly paid jobs the film industry creates. The supplier side also has generated impressive gains over recent years: “Dear John” found 58% of its suppliers, consisting of small in-state businesses, within the State.

At a time when the state is facing over 12 % unemployment, a $30 million film like “Dear John” can immediately bring hundreds of jobs and supplier opportunities to South Carolina communities while boosting the state’s #1 industry, tourism. As the State of South Carolina wrestles with budgetary shortfalls, cutbacks to state agencies threaten to profoundly impact the state’s future economic health. Case in point, the Governor’s latest budget proposes to cut the South Carolina Film Commission, budget, reducing staff by 75%, (from 4 people to 1) and abandons its successful incentives programs. Ironically, this comes as the state was poised to capture a larger share of the film industry. Despite bipartisan and gubernatorial support for the incentives, newly appointed Secretary of Commerce Joe Taylor, reduced the incentive program while neighboring states passed incentive legislation that offered incentives at up to double SC levels. As a result, SC has not had a major feature film since “Dear John,” which completed filming in December 2008.

Reblogged from CharlestonNews.com

Edisto Beach-Now That’s Heaven!

Cal Griffin

The Edisto Beach Real Estate Advisor

Edisto Beach, SC

Cell-843-908-2101

Toll Free 800-726-1881

Visit my websites:

Visit my Blogs: