Thursday, March 19, 2009

Tea Parties in NC


Governor Beverly Perdue recently proposed steep tax increases amounting to $680 million in her budget proposal intended to stimulate North Carolina ’s bruised economy.

AFP- North Carolina is very excited to join hands with the many grassroots activists across the country to protest not only Governor Perdue's tax hikes, but all federal bailouts, spending sprees, so-called stimulus packages, earmarks and fiscal irresponsibility in national, state, and local governments.

Please attend one or more of these events and help us spread the word. Our economic freedom is under attack and we must fight back. All of the events below are free and open to the public. (If you are having an event and we don’t have it listed, please email us at

Date: Saturday, March 21, 2009
12:00-2:00 pm
NC State Capitol (east side) downtown Raleigh
Free Lunch for the first 150 people who attend. Rain or shine.
Register online here.

Date: Saturday, April 4, 2009
11:00-1:00pm 35.2176 -80.8389
Marshall Park, Second and McDowell Streets, 28204
Need info?

Date: Tuesday, April 7, 2009
5:30 pm
Wilmington Tea Party on the Cape Fear River: “Taxation Without Representation”
Protest at the waterfront by the Federal Building in Wilmington. Federal Building is located at N. Water Street between Market and Princess.

Then, the Tea Party will march to City Hall for a City Council meeting at 6:30 pm. One item on the agenda is a public hearing for the annexation of Monkey Junction area.
City Hall is at 102 N. 3rd Street, Wilmington, NC 28402

Register online here.

Date: Wednesday, April 15, 2009
5:00 pm
Edenton Courthouse Green ( Chowan County)

Note: The Edenton Tea Party was one of the earliest organized women’s political actions in United States history. On October 25, 1774, Mrs. Penelope Barker organized, at the home of Mrs. Elizabeth King, fifty-one women in Edenton, North Carolina. Together they formed an alliance wholeheartedly supporting the American cause against “taxation without representation.”

This event will include Revolutionary war re-enactors to celebrate the famous Edenton Tea Party. This is a once in a lifetime event to celebrate our past and protect us from a future of debt and high taxes.

Please register today here.

Read more about the history of the Edenton tea party here.

Date: April 15, 2009
Note: Two Raleigh Tea Parties on this date—different times and locations—attend both!
4:30-6:00 pm (tentative)
Federal Courthouse. New Bern Avenue across from the Post Office
6:30pm - 8:30 pm
NC State Capitol at One East Edenton Street (east side)
Register online here.

Date: Wednesday, April 15, 2009
4:30 pm
Sidewalk in front of Asheville City Hall and Buncombe County Courthouse
Non-partisan Movement to Repeal the Pork!

Date: Wednesday, April 15, 2009
12:00-1:00 pm
Center City Park, downtown Greensboro, between Elm and Davie streets
More details here.
Register online here.

Date: Wednesday, April 15, 2009
2:00pm - 4:00 pm
City Hall Lawn
600 E. Trade Street
Charlotte , NC
Register online here.

Dallas Woodhouse
State Director
Americans for Prosperity

Friday, March 13, 2009

Obama Plan.....New Refinancing Program

Obama Plan ............... New Refinancing Program.
Yesterday I wrote the first of two parts on the Homeowner Affordability & Stability plan that was released by the Obama administration on Wed March 4th. Which contained two major parts they hoped would have an impact on assisting homeowners with troubled mortgage. The first part of the plan which I blogged about yesterday is a modification program that Servicers will offer to borrowers with high debt-to-income ratios or who are at risk of foreclosure. The second part of the plan which I am blogging about today, a refinance program for existing Fannie Mae or Freddie Mac loans.
As I stated yesterday our Executive Vice President at McCue Mortgage, Kim Neilson and others are still assessing the details of the Homeowner Affordability & Stability plan to determine our next steps, but in the mean time we are trying to provide a summary of its major points so that it might help other to better understandable it. So here we go:
The second part of the plan is a refinance program for existing Fannie Mae or Freddie Mac loans. Fannie Mae is offering two different programs:
The Refi Plus Program that requires the servicer of the loan to be the originating lender.
The DU Refi Plus Program (DU is the Automated Underwriting System for Fannie Mae) that allows any lender using DU to originate the loan as long as the existing loan is a Fannie Mae loan.
Freddie Mac requires the servicer of the loan to be the originating lender. Some specifics of the program are:
Existing mortgage must currently be a Fannie or Freddie loan.
Existing loan may not be considered ineligible (must get an Approved/Eligible from DU). Ineligible loans include existing mortgage loans that received a DU Expanded approval (EA).
Maximum LTV for 1-2 unit properties is 105% and require an appraisal.
Maximum LTV for 3-4 unit properties is 80% and also require an appraisal.
No maximum CLTV.
Existing mortgage must be current and have acceptable mortgage payment history. No minimum FICO score is required although borrower must meet bankruptcy and foreclosure requirements. In addition, borrower must demonstrate credit worthiness.
Rate and term refinance only (No Cash Out) - purchase money seconds MAY Not be included.
Loan level price adjustments (points) will apply (determined by credit score on credit report)
MI required (same coverage factor of existing loan) for mortgage loans that had original LTV’s greater than 80%.
DU Refi Plus must receive Approve/Eligible and will not be available until April 4. Income and employment verification is required.
Refi Plus is a manual underwrite and requires verbal verification of employment. Lender must determine that the borrower has a reasonable ability to repay the mortgage based on current information provided by borrower.
There it is in a nut shell. I actually have higher expectations for this part of the plan then I do for the Loan Modification part. This part of the plan stands a chance to actually help those who have good credit and have little to no equity in their property. But I do not see it doing anything for those who are in areas that property values have taken a noticeable hit, and 105% LTV is not going to do anything for them. Also this does offer a second option to FHA which will allow a borrower to go to a 96.5% LTV on a No Cash Out Refi.
While I think that this plan might actually help a few people, but it will be a source of false hope for many more. As I ended my last post, the purpose for providing this information is so that those who read it may have a better understanding of the "Homeowner Affordability & Stability Plan", and help them come to their own conclusion.

Thursday, March 05, 2009

While relaxing this morning, out on the Lake.........Fish?

While relaxing this morning, looking out on to the lake..I saw a real big fish jumping out of the water. Now this is a sight quite common if you are on the coast or in the sound, but this morning in Abbott's Creek Cove. Well needless to say I was a bit taken back and thinking to myself, if I was a fisherman I would go down and wet my hook!
What a beautiful morning it is down here at High Rock Lake today. The seagulls are swooning over the Great Pond and have been for weeks now. We are scheduled to have some warm temps here this weekend so I imagine the boat traffic will pick up today. We have been experiencing some Cold Temperatures lately so I wonder does that blast the Global Warming theories! HaHa! Still we don't know who will sign the contract for the Lake and that does have quite alot of homeowners and Lake enthusiast sitting on the edge of their seats.
Sales of homes here on the lake have been steady but there is a "sitting on the fence" mode that we are thinking will pass soon. The home sales will be picking up soon as there are great deals this year like we haven't seen in the past 2 years. The market has been correcting itself in NC as a whole, whether anyone would like to face those facts or not, the facts don't lie. If you don't have to sell right now, I would recommend you don't because I do believe after some of this credit stagnation flushes, you will see prices increase tremendously out here. We are one of the few lakes in NC you can actually build a waterfront homes. Still there are some draw backs to this lake. The main one I have addressed: We need a River Keeper that cares about the eco system and will maintain the Pond at levels that will be condusive to nature and it's wildlife habitats. We believe this will happen soon.

Still, this is one of the most peaceful places on earth. A true hidden treasure. Please join us sometime and see what our Lake has to offer you and your family. Best fishing in the country for Bass.

For information and Listings:

Call JoAnne S. Mercer- 919-559-7584
Direct: 336-798-7733
http://www.RaleighCaryNCNewHomes Realty

Tuesday, March 03, 2009

Heritage Wake Forest Golf Community still Great Value

The long shadows of sunset blanket the fairways and trees surrounding the 15th, 16th and 17th holes of the award-winning Heritage golf course as you make the turn into the Overlook; coming home just became sweeter. Luxurious, elegant residences grace its low-maintenance home sites (some with water views)! A tastefully designed and situated play area, complete with picnic tables and park benches, will delight all ages. Take the adjoining walking bridge to the clubhouse, home to 1250 Heritage restaurant, where exceptional dining awaits. Neighborhood- Heritage Overlook- Price Range for Neighborhood- 590,000's

The Amentities of this Great Golf Course Neighborhood are:
Heritage Wake Forest offers a wide variety of recreational opportunities for all ages. Within the community, an award-winning golf club, a swim & tennis club and numerous parks and playgrounds provide hours of family fun. Nearby, and within the beautiful Wake Forest township, you'll find endless choices of activities and entertainment, including a 12-screen multi-plex movie theatre, a sports complex, and lots of shopping.

Heritage Heights"On top of the world..." a pretty nice state of mind; at Heritage Heights, it's an even nicer state of everyday living. With the greenways of our golf course to one side and a panoramic vista of the gently rolling expanse of the greater Heritage community to the other, each custom home stands against a pleasing backdrop. The collection of single-family home designs offered here have been described as casually elegant, already anticipating your family's desire for livability (indoors and outdoors) along with an unmistakable sense of style. Price Range in the $400'sWhy Heritage?

This is whyProximity to major roads: I-540 (6 miles), US-1 (1 mile) and NC-401 (2 miles). Stoplights in place at major intersections.Adjacent to high growth residential areas in Wake Forest, Raleigh and the unincorporated North Wake County.Adjacent to Wake County Public School Campus (3 schools).Adjacent to 160 acres public park/greenway complex.Utilities in place: Town of Wake Forest water and sewer. Town of Wake Forest or EMC electric facilities, high speed telecommunications lines to each lot. Natural gas to each lot.Pre-developed sites: Balanced grading and clearing complete.Environmental certainty: Pre-approved, delineated wetlands, Neuse Buffers and Phase I Audits.Utility Capacity Guarantee: Through town of Wake Forest contract.Collection-road improvements in place.Protective covenants in place.
Dear JoAnne,
Thanks so much for directing us to the Heritage Wake Forest Community. Everyday we wake up here we are so thankful to be in such a great community. You listened and heard our hearts! Thanks for your Professional assistance in every detail.
See you soon,
Richard & Kathleen

Saturday, February 28, 2009

March Happenings in the Triangle


March 2009

Put a little 'spring' in your step this March with an affordable visit to the Raleigh area and experience the sights and sounds of numerous festivals, exhibits, cultural performances and more!

Discover many events featuring hot deals and special offers that you can only take advantage of in Raleigh.

CamwardMarch Madness

March Madness in Greater Raleigh encompasses a lot more than basketball; it is a month made for sporting enthusiasts, no matter what team you cheer for! N.C. State University takes to the court for games against ACC rivals Maryland (3/1) and Boston College (3/4), while female athletes from across the country descend on the RBC Center for the NCAA Division I Women’s Basketball Regional Tournament (3/28, 3/30). The Carolina Hurricanes take on NHL rivals the Calgary Flames (3/6), New York Rangers (3/9), New Jersey Devils (3/18), New York Islanders (3/20), Washington Capitals (3/21) and Ottawa Senators (3/25). The Carolina RailHawks don't officially start the soccer season until April, but fans can catch an early match at Cary's WakeMed Soccer Park during the New England “Community Shield” Match (3/14). Lace up those running shoes—downtown Raleigh hosts the St. Patty’s Run Green 8K (3/8), the area's first sustainable "Race without a Trace," and the 27th Annual Run for the Oaks 5K (3/14) attracts more than 900 runners each year. Learn More


Chitty ChittyPerforming Arts

What does a car that can fly have in common with beach music and literary greats like Tolstoy and Shakespeare? They all are part of Greater Raleigh’s incredible calendar of performing arts this month. Carolina Ballet pays homage to two literary geniuses in Tolstoy and Shakespeare: Masterworks in Motion (2/26-3/1), while Raleigh Little Theatre recreates a classic African-American fable in Wiley and the Hairy Man (3/13-3/29). Love, loss and sacrifice is told by the N.C. Theatre with performances of the Tony-award winning Miss Saigon (3/21-3/29), and Broadway Series South presents family favorite Chitty Chitty Bang Bang (3/31-4/5). Pinecone presents the Dan Tyminski Band & Tony Rice Unit (3/11), and the N.C. Symphony takes a journey down the Carolina Coast with a program of early American gospel, blues and beach music - Blue Skies and Golden Sands (3/27-3/29). Learn More



Festivals abound in March with events taking place throughout the Raleigh area. The UniverSoul Circus (3/11-3/15) returns to Time Warner Cable Music Pavilion at Walnut Creek, while the Woman's Club of Raleigh Spring Antiques Show and Sale (3/13-3/15) offers outdoor accessories, period furniture, folk art and more. Celebrate Persian New Year (3/17) and India Fest (3/28-3/29), both at the N.C. State Fairgrounds. Downtown Raleigh turns green celebrating shamrocks, pots of gold and leprechauns at the St. Patrick's Day Parade and Festival (3/14), and Cary hopes for wind during the 14th Annual Kite Festival (3/28). Learn more


PiratesPirates, Parks and Pythons

Are you a buccaneer or a landlubber, a lass or a scallywag? Learn about pirate-speak along with the legacy of infamous rogues of the high seas, from ancient times to the present. Intriguing artifacts, legends and history will bring their ruthless adventures to life at the N.C. Museum of History's special exhibit Knights of the Black Flag (3/6-7/6). This is an interactive exhibit showcasing the largest collection of artifacts ever assembled from Blackbeard's famous ship—the Queen Anne's Revenge. After the exhibit, head over to North Carolina's only 3D IMAX theatre at Marbles Kids Museum and discover the creatures that call the sea their home in films like: Wild Ocean 3D and Under the Sea 3D.

The N.C. Museum of Natural Sciences brings out giant snakes, tiny turtles and more during the 14th Annual Reptile and Amphibian Day (3/14). This annual event features dozens of exhibits and activities highlighting reptiles and amphibians, many native to North Carolina. Enjoy the first signs of spring on 164 acres of trails, woodlands and open areas at the Museum Park at the N.C. Museum of Art, and explore the people that make up the Raleigh area's history during Portraits of Raleigh: Images of a City and Her People at the Raleigh City Museum
Learn more


Hometown Discoveries - Wake Forest

In 2009, the Town of Wake Forest turns 100, and this northern Wake County town continues to grow while maintaining its warm, welcoming, small-town character. Wake Forest boasts a vibrant downtown featuring more than 100 businesses, including several restaurants and specialty shops. Mindful of its rich heritage, downtown is also an officially registered historic district. Representative of its academic history, Wake Forest is the home of Southeastern Baptist Theological Seminary and The College at Southeastern. During the month of March visit Wake Forest for Art After Hours (3/13), Irishfest (3/14), the Winter Farmer's Market (3/21) or the popular Carnival for Kids (3/24-3/29). Learn More

Monday, February 16, 2009

Financial Makeover with Dave Ramsey

Highly recommend that you enlist Dave's help this year and pay off all your debt along with having an emergency fund set aside in the Bank. You will be glad you did!

My Total Money Makeover is a subscription site helping people discover financial peace by walking them through Dave Ramsey's baby step process for dumping debt and building wealth.

High Rock Lake Expansion of Schools and other

A new jail, middle school and high school, together estimated to cost at least $100 million, are necessities the county will need to begin over the next five years, but county commissioners also have an opportunity to expand recreational land for county residents during that time.

Those were some of the main ideas discussed by members of the Davidson County Board of Commissioners at their retreat on Thursday at the Davidson County Economic Development Commission’s office.

In the short term, the county’s jail population spikes up and drops down every day, but over the last couple of years, it has leveled off to about 300 inmates. Yet, the county has its most pressing space needs in the county jail and sheriff’s office. And the commissioners still need to build a high school and middle school in the northern part of the county to ease the crowding at North Davidson High School.

Assistant County Manager Zeb Hanner said the county has about $7 million in its capital reserve fund available for different building projects or large purchases. A capital project summary provided to commissioners by Hanner showed the county has $52 million in capital project costs this year. That includes several sewer projects to schools, which will be financed, and 2005 school construction bond money used to build or plan for the building of several new schools or additions.

Another document prepared by Hanner showed the county’s capital improvement project costs topping $177 million through the 2013-2014 fiscal year.

Commissioners delayed any discussion of funding these large projects and said they could be put off further because of the county’s economic situation over the next few years. However, due to the competitiveness in the economy, the county may be able to save money on several smaller projects, such as a new Emergency Medical Services base in the Arcadia area, improvements to the Old Davidson County Court House and a much-needed addition to the Davidson County Senior Center.

Charles Anderson, executive director of Pilot View Inc. (Resource Conservation and Development), spoke with the county board about getting the county government involved in land and water conservation projects. The nonprofit organization helps secure grants and funding for ecological projects in Davidson, Davie, Forsyth, Stokes, Surry and Yadkin counties. Anderson said he would like to focus on stabilizing and improving streams, creeks and lakes in the Yadkin River basin within the county.

Anderson said he has helped to secure millions of dollars in creek cleanup, boardwalk and greenway construction and wetland protection funds in other counties and would like to see the county participate in future projects. Anderson said local government participation, usually about 5 percent of a potential grant amount, gives much-needed points when organizations make decisions to award grants. And he can leverage winning grant bids to go after more grant funds through state organizations to turn small projects into big plans.

Commissioner Dr. Max Walser also tickled his peers’ ears with another potential recreational project. As part of Alcoa’s relicensing settlement agreement, provided it is approved by the Federal Energy Regulatory Commission, the corporation plans on selling a large portion of its land around High Rock Lake to the N.C. Wildlife Commission.

Walser said he’s been told a few parts of that land, which the state will likely turn into game land — including a 169-acre tract on Tuckertown Reservoir in the southern part of the county and additional land totaling more than 200 acres — may become available for the county’s purchase and possibly for a steal, about $300 an acre.

That potential land is just north of Newsome Road along the Tuckertown shore, close to the county’s border with Montgomery County, and it used to be the site of a quarry. Walser said he would set up a time to bring commissioners to tour the property to see if they would be interested in buying it. Walser said there is some private property next to the park which may also be coming up for sale soon, too.

“I’m not here to push it, just to bring it to your attention,” Walser said.

County Planning Director Guy Cornman envisioned the land could be used for hiking and primitive camping.

The county may also consider grounds and lighting improvements to Southmont and Optimist parks over the next several years.

In other news, commissioners:

• Decided against videotaping and broadcasting their regular meetings for now.

• Discussed changing the retirement benefits of new hires. Retired county employees now receive full or partial health insurance coverage depending on their years of employment with the county until they turn 65. But many employers are removing that benefit for new employees because of increased costs. The county pays about $125,000 a year for the health insurance of these retired workers.

• Discussed their continued funding of the Davidson Vision organization but took no action. Commissioners give $100,000 to the group each year but are considering limiting or ending their support of the group.

• On recommendation from County Manager Robert Hyatt, may institute a new sponsorship policy for departments that partner with private and nonprofit organizations for different events or campaigns.

• Decided against re-opening the bait shop at Lake Thom-A-Lex for now.

• By request of Commissioner Billy Joe Kepley, discussed ways the county could support small businesses that may not come to the county for an incentive package like larger corporations. Kepley said he would like to find ways to put custom-made furniture workers back to work in some sort of county-owned facility. Commissioners also discussed giving incentives to retailers but said that would be a risky idea.

• Talked about putting a quarter-cent sales tax referendum on the ballot to pay for specific projects but said now was not the right time for that effort. Hyatt said the state will not let counties tie sales tax increases to certain funds now unless the law changes.

• Discussed the effect that cross-county annexation, both voluntary and involuntary, may have on the county and how the county could protect itself from neighboring municipalities, possibly through legislation or strict zoning ordinances.

• Heard a report from Commissioner Don Truell, who serves as the board’s liaison to the Piedmont Authority for Regional Transportation. Truell said the county may be asked to allow PART to institute a $5 tag fee for motor vehicle licenses soon because the public transit organization is “going to go in the red this year and run out of money in 2012.” Truell said the county’s current rental car tax may not cover the county’s share of the regional transportation provider.

• Received an update on the former Duracell property that the county is considering for a new jail. County Purchasing Director Dwayne Childress said recent research into the property shows there was contamination in the groundwater on a part of the property north of the possible jail site. However, the county could purchase the site, deed out the contaminated area, and negotiate a clean-up with the property’s owner, The Gillette Co.

• Heard an update on the county’s land use plan. The amendments to the plan will likely be available for commissioners’ approval in April.

Commissioners next meet for their regular meeting on Feb. 24 on the fourth floor of the Davidson County Governmental Center.

Sunday, February 08, 2009

High Rock Lake Home For Sale

Sunday, February 8, 2009

Live on High Rock Lake

Living on the Lake has it's advantages! Bask in the Sun this year and watch Sunsets that Wow you and give you Peace. $325,000.00
Renovated 2007 Nautical Cottage on Abbotts Creek Cove with great views of High Rock Lake. This Freshly renovated home has a great pier with top deck pier that overlooks the bottom pier. You can rock and view great sunsets every day. Our nautical cottage has two spacious suites with 2 full private baths. The updated kitchen has stainless steel appliances and plenty of room for cooking up your favorite family meals.


Nearby enjoy the conveniences of major grocery stores, fast food and other restaurants as well as movie rentals, antiques & shopping.▪ There are miles of hiking trails at Morrow Mountain and the Uwharrie National Forest just east of Albemarle.▪ There is furniture shopping in High Point and full retail shopping in Charlotte, Greensboro and Ashboro.▪ Bask in the Sun and Breathe the Lake air while relaxing on the spacious deck overlooking High Rock Lake, the second largest in North Carolina. Enjoy fishing, swimming or boating off the private dock
Contact: JoAnne S. Mercer
336-798-7733 Direct