Do you know that the best time to post things to Facebook is 8am in the
morning?  What surprises me is that one of the worst times is 3pm.

Anyways,
on to Obama’s proposed refi program.  By the sounds of it this program might be
the ticket to getting a lot of people who are underwater refinanced.  The
question is will the guidelines be relaxed enough to allow borrowers to refi and
it make sense.  Remember in order to qualify for this program your loan will
have to be owned by Fannie or Freddie and it was transferred to them before May
31 2009.  So in other words if you bought or refinanced since May 31 2009 then
your loan will not qualify.  The final details will be out Nov 15th so I will
follow up once we get that info.  In the mean time you can check to see if your
mortgage is owned by either enterprise by going to Fannie Mae or Freddie Mac

In
other news the roller coaster continues in the markets.  After the EU meeting
yesterday they agreed to boost the bailout fund and struck a deal with private
banks to accept a 50% loss on Greek bonds…Wow!.  So even though job numbers
are not the greatest and earnings reports have been so so, just knowing EU looks
like they are on track to get their problem under control gave markets a nice
warm fuzzy feeling.  With that said, Stocks are up and bonds are down so rates
are back on the higher end today at 4.25% on a 30 yr fixed….more than likely
they will increase to 4.375% by end of day.  Until the next big announcement
comes it looks like we will be treading on the higher end of our rate
outlook.

Chris Blount AES Lending

Courtesy of Jeff Dicks Real Estate

The Wake Forest Planning Board/Town of Wake Forest commissioners will hold a joint public hearing at 7:30 P.M., September 6, 2011, at the Wake Forest Town Hall to consider the request of Mr. James Gerhart on behelf of Sheetz, Inc. for a Special Use Permit to allow a convenience store with gasoline sales located at the intersection of Rogers Road and South Franklin Street.

All interested homeowners are welcome to attend the hearing. Additionally, this is your opportunity to address the Planning Board and Board of Commissioners regarding this matter should you so desire. Following the hearing, the Planning Board shall make a recommendation to the Board of Commissioners. The Board of Commissioners at their regularly scheduled meeting on September 20, at 7:00 P.M., will consider the petition and recommendation of the Planning Board and, may at its discretion choose to modify it.

Heritage Wake Forest Homeowners Association

Heritage Wake Forest Homes

Courtesy of  Jeff Dicks Real Estate

Not too many golf communities grab your attention in the Triangle area as standout’s. Of course the residents of any Raleigh Golf community may argue their neighborhoods merits, and who are we to challenge them.

I have touted Heritage Wake Forest on many occasions as well as the former TPC Wakefield Plantation. The Wakefield property was recently changed ownership and many are looking forward to what the McConnell Group can accomplish as they add to their list of fine country clubs.

North Raleigh, and Wake Forest continue to grow and with it the many amenities for all. If your looking for more detailed information on Heritage Wake Forest or Wakefield Plantation don’t hesitate to contact The Jeff Dicks Real Estate Group

WAKEFIELD — The loss of three letters in Wakefield Plantation golf club’s name may be the biggest immediate change as a result of the impending purchase by a Raleigh-based golf company.
This week TPC (Tournament Players Club) Wakefield Plantation will become The Country Club at Wakefield Plantation pending the sale of the north Raleigh golf club from a Florida-based company to golf club developer McConnell Golf, LLC.
The deal’s nearly done

TPC Wakefield Plantation, a PGA Tour registered tournament players club, owned by PGA Tour Golf Course Properties of Ponte Vedra Beach, Fla., has been on McConnell Golf’s radar for a number of years, according to media reports.
Since 2003, McConnell Golf has been busy purchasing and revamping golf clubs across the Carolinas, including the Raleigh Country Club, Treyburn Country Club in Durham, The Reserve and Musgrove Mill, both in South Carolina. In the past eight years, the company has purchased seven golf courses.
Now, McConnell Golf has its eye on Wakefield Plantation and, while both PGA Tour Golf Course Properties and McConnell Golf officials declined to comment on the sale, a letter was sent out to Wakefield Plantation vendors informing them of the change in ownership effective today (Thursday).
Records confirm that a new limited liability company, The Country Club at Wakefield Plantation, was established earlier this month with McConnell Golf’s Chief Operating Officer Christian Anastasiadis listed as the new company’s person of contact.

By Leslie Rudd Wake Weekly Staff Writer