Mandie Sullivan, Top Producer Buyer Agent!

Just wanted to congratulate Mandie Sullivan on closing on 3 homes over the last month… and for having 2 more scheduled in the coming two weeks… Great Job! I will add that one deal has been delayed until the end of the month… seems the wife had no choice but to give birth Thursday! Today’s closing therefore was postponed… Of course, CONGRATULATIONS to the new parents of a 7lb 11oz baby boy!

Home Protections Take Effect: Make sure your lender does these things…

There are new Federal consumer protection rules that take effect July 30, 2009 affecting those applying for a loan to purchase a primary or secondary home, or if you are refinancing.

It’s not been given a lot of publicity, so if you are considering making a purchase and getting a new loan, or possibly refinancing an existing loan you need to pay attention.

The highlights are as follows:

The lender must provide or mail an initial Truth In Lending disclosure within 3 days after receiving the borrower’s loan application.

Lender’s must deliver or mail a finalized Truth In Lending disclosure statement at least 7 business days before closing on the property.

If the annual percentage rate (APR) increases more than 0.125% the borrower must receive a revised Truth in Lending at least 3 business days before closing. What could cause your APR to change?  Several possibilities.  If you allowed your initial interest rate on the loan to float with the market but rates increased, or if the lender got inaccurate estimates of costs from a third-party participant in the transaction such as the settlement company.

Is there asbestos in your home?

Located in the New England part of the United States, Rhode Island is known as the Ocean State because of its geographic location and nautical nature. Featuring its small and personable communities, rich history and decadent landscapes, it is easy to understand why Rhode Island is a great place to call home. In the world of real estate and home ownership, there can be a large amount of items on the agenda. Many homes will also require repairs or remodeling. Having the assistance of those in the industry can be a big part in accumulating the right information to making the crucial decision. Potential Rhode Island home buyers or those remodeling older homes should be aware that homes built before 1980 may contain asbestos. This by no means should make you incredibly frightened because exposure to asbestos can be easily avoidable by undertaking simple measures. There are now many eco-sustainable options that make the use of asbestos obsolete. It should be known that not all asbestos is considered harmful. Asbestos that is in good condition should be left un-disturbed. If its damaged fibers become airborne, long term exposure can cause mesothelioma, a rare but severe lung ailment. Due to the fact many mesothelioma symptoms are similar to less serious ailments, mesothelioma diagnosis is one of the more difficult tasks physicians encounter. If you locate any suspected asbestos, most experts advise to leave it alone. In most cases, the best action is no action in regards to asbestos. However, if removal is necessary, it must be performed by a licensed abatement contractor who is trained and licensed to deal with hazardous materials. The Rhode Island Asbestos Control Program helps and assists citizens in the disposal and removal of asbestos. They have installed programs that aim to help citizens maintain and improve health at home and the work place. Further regulations on asbestos control and abatement are listed at their web site. With a constant progression in technology and green ways of construction, these methods will produce a healthy lifestyle and save you money. Statistics show that the lcynene foam or cotton fiber, for example, can cut energy costs by about 25 percent annually. The implementation of healthy construction materials is also allowing less waste going to the nation’s already crowded landfills. Recently, congress passed the American Recovery and Reinvestment Act into law. Included in this act were extensions to the tax incentives placed for energy efficiency in 2005, as well as new credits for homeowners who remodel or build using Eco-sustainable methods. Some of the measures that are eligible for tax credits include added insulation to walls, ceilings, or other part of the building envelope that meets the 2009 IECC specifications, sealing cracks in the building shell and ducts to reduce heat loss. Storm doors paired with U-factored rated wood doors are also eligible.

Another Wonderful Testimonial For Mandie Sullivan!

Another wonderful testimonial for Mandie Sullivan, our President:

Dearest Mandie:

Craig and I want to thank you so very much for all that you have done for us. We have both gained so much knowledge and understanding from all your wisdom you have imparted during our home search. Your dedication, honesty, and positive attitude have given us both confidence and strength in our quest for that perfect home. We again are so grateful to have met you and also so thankful for all you have done for us. Many blessings to you and your family! Thanks for helping us purchase the perfect home. Always be well!!!

Sincerely,

Sharon DeMaria

We say, Thank You Sharon. We are pleased that we could be of assistance, and help make your first home purchase a pleasant experience.

Focus Professionals, Inc.

Water Damage from Burst Pipes, Take 2

Burst pipes are a real pain in the you know what.

Had to rip out all wet sheet rock, repair 8 sections of burst pipes, rework electrical circuits, and then get the inspectors in, both electrical and general, to approve all before we can replace the sheet rock and paint the place.

It turns out that the manufactured home is warranty protected for 10 years, and the house is now only 4 years old. So we will go after the warranty, since the builder altered the design of the heating and hot water unit layout. The result, exposed pipes in an uninsulated attic space which is sealed off from any heat source. Bad idea.

As for insurance, we will go for the liability coverage the tenants parents have, which will cover the kids while they are in school.

So now we wait for the inspectors to allow us to complete the work. Should have all the water damage control equipment out of the house by Tomorrow.

Let’s keep our fingers crossed.