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	<title>Carolina Investment Network</title>
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	<description>Important News For Real Estate Investors !</description>
	<lastBuildDate>Wed, 16 May 2012 13:47:12 +0000</lastBuildDate>
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		<title>Close To Research Triangle Park !</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/close-to-research-triangle-park.htm</link>
		<comments>http://carolinainvestmentnetwork.com/featured-properties/close-to-research-triangle-park.htm#comments</comments>
		<pubDate>Wed, 09 May 2012 22:18:02 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Durham]]></category>
		<category><![CDATA[Featured Properties]]></category>
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		<category><![CDATA[Investment Property]]></category>

		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=265</guid>
		<description><![CDATA[This beautiful 2 story home shows like a model home.  Loaded with upgrades and located in a great neighborhood just 4 miles from Research Triangle Park.  Priced $40,000 below tax value, this home is a great bargain at $167,500.  Owners can buy this home for as little as 3% down,  investors can buy with just 10% down!... <a href="http://carolinainvestmentnetwork.com/featured-properties/close-to-research-triangle-park.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://carolinainvestmentnetwork.com/featured-properties/close-to-research-triangle-park.htm/attachment/front-11" rel="attachment wp-att-266"><img class="aligncenter size-full wp-image-266" title="Front" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/05/Front.jpg" alt="" width="640" height="480" /></a></p>
<p>This beautiful 2 story home shows like a model home.  Loaded with upgrades and located in a great neighborhood just 4 miles from Research Triangle Park.  Priced $40,000 below tax value, this home is a great bargain at $167,500.  Owners can buy this home for as little as 3% down,  investors can buy with just 10% down!</p>
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<p><a href="http://carolinainvestmentnetwork.com/featured-properties/close-to-research-triangle-park.htm/attachment/kitchen-6" rel="attachment wp-att-267"><img class="alignleft size-thumbnail wp-image-267" title="Kitchen" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/05/Kitchen-150x150.jpg" alt="" width="150" height="150" /></a><a href="http://carolinainvestmentnetwork.com/featured-properties/close-to-research-triangle-park.htm/attachment/family-room-4" rel="attachment wp-att-268"><img class="alignright size-thumbnail wp-image-268" title="Family Room" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/05/Family-Room-150x150.jpg" alt="" width="150" height="150" /></a></p>
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<div class="property-details">
<div class="property-details-col1"><b>Listing Price:</b> $167,500<br /><b>Address:</b> 303 Ashburn Lane<br /><b>City:</b> Durham<br /><b>State:</b> NC<br /><b>ZIP:</b> 27703<br /><b>Year Built:</b> 2004<br /><b>Acreage:</b> .24<br /><b>Rent:</b> $1450<br /></div><div class="property-details-col2"><b>Status:</b> For Sale<br /><b>Square Feet:</b> 2254<br /><b>Bedrooms:</b> 4<br /><b>Bathrooms:</b> 2.5<br /><b>Garage:</b> 2 Car Garage<br /><b>Tax Value:</b> $205,994<br /><b>HOA:</b> $440 / year<br /><b>Financing:</b> HomePath<br /></div>
</div>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.    For faster response, you may call me during normal business hours at (919) 369-4926.</p>

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		<title>Like New Home In Matthews</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm</link>
		<comments>http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm#comments</comments>
		<pubDate>Wed, 25 Apr 2012 20:32:28 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Charlotte]]></category>
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		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=238</guid>
		<description><![CDATA[  Beautiful 2 story home located in Matthews, NC.  Just minutes from I-485.  Seller has done a complete make-over on this house, including paint, carpet and appliances.  Low Union County Taxes!  Priced at only $159,900.  This home qualifies for special HomePath financing which allows investors to buy with only 10% down and no PMI!  ... <a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p> <a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/front-10" rel="attachment wp-att-241"><img class="aligncenter size-full wp-image-241" title="Front" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Front1.jpg" alt="" width="640" height="480" /></a></p>
<p>Beautiful 2 story home located in Matthews, NC.  Just minutes from I-485.  Seller has done a complete make-over on this house, including paint, carpet and appliances.  Low Union County Taxes!  Priced at only $159,900.  This home qualifies for special HomePath financing which allows investors to buy with only 10% down and no PMI!</p>
<p> <a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/family-room-3" rel="attachment wp-att-242"><img class="alignleft size-thumbnail wp-image-242" title="Family Room" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Family-Room-150x150.jpg" alt="" width="150" height="150" /></a><a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/dining-room-2" rel="attachment wp-att-245"><img class="alignright size-thumbnail wp-image-245" title="Dining Room" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Dining-Room-150x150.jpg" alt="" width="150" height="150" /></a></p>
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<p><a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/kitchen-5" rel="attachment wp-att-247"><img class="alignleft size-thumbnail wp-image-247" title="Kitchen" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Kitchen1-150x150.jpg" alt="" width="150" height="150" /></a><a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/master-bedroom" rel="attachment wp-att-248"><img class="alignright size-thumbnail wp-image-248" title="Master Bedroom" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Master-Bedroom-150x150.jpg" alt="" width="150" height="150" /></a></p>
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<p><a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/master-bath" rel="attachment wp-att-249"><img class="alignleft size-thumbnail wp-image-249" title="Master Bath" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Master-Bath-150x150.jpg" alt="" width="150" height="150" /></a><a href="http://carolinainvestmentnetwork.com/featured-properties/like-new-home-in-matthews.htm/attachment/back" rel="attachment wp-att-250"><img class="alignright size-thumbnail wp-image-250" title="Back" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Back-150x150.jpg" alt="" width="150" height="150" /></a></p>
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<div class="property-details">
<div class="property-details-col1"><b>Listing Price:</b> $159,900<br /><b>Address:</b> 4008 Lawrence Daniel Drive<br /><b>City:</b> Matthews<br /><b>State:</b> NC<br /><b>ZIP:</b> 28104<br /><b>Year Built:</b> 2006<br /><b>Acreage:</b> .16<br /><b>Rent:</b> $1300 - $1400<br /></div><div class="property-details-col2"><b>Status:</b> For Sale<br /><b>Square Feet:</b> 2600<br /><b>Bedrooms:</b> 4<br /><b>Bathrooms:</b> 2.5<br /><b>Garage:</b> 2 Car Garage<br /><b>Tax Value:</b> $210,790<br /><b>HOA:</b> $390 / year<br /><b>Financing:</b> HomePath<br /></div>
</div>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry within 24 hours.  For faster response, you may call me during normal business hours at (919) 369-4926</p>

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		<title>Near RTP and Duke !</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/near-rtp-and-duke.htm</link>
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		<pubDate>Tue, 10 Apr 2012 15:19:25 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Durham]]></category>
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		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=229</guid>
		<description><![CDATA[&#160; This bank owned property has just come on the market.  The bank has priced this house to sell quickly.  This 4 bedroom home is priced at only $115,900.  It is located in North East Durham, approximately 5 miles from Duke University Medical Center and about 8 miles from Research Triangle Park.  The tax value... <a href="http://carolinainvestmentnetwork.com/featured-properties/near-rtp-and-duke.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://carolinainvestmentnetwork.com/featured-properties/near-rtp-and-duke.htm/attachment/front-9" rel="attachment wp-att-230"><img class="aligncenter size-full wp-image-230" title="Front" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/04/Front.jpg" alt="" width="640" height="480" /></a></p>
<p>&nbsp;</p>
<p>This bank owned property has just come on the market.  The bank has priced this house to sell quickly.  This 4 bedroom home is priced at only $115,900.  It is located in North East Durham, approximately 5 miles from Duke University Medical Center and about 8 miles from Research Triangle Park.  The tax value on this property is $198,000!   The Rent Rate for this house will be approximately $1200 a month!</p>
<p>Click the Hyperlink below to link to and view property listing. If after clicking the link, your Internet browser does not launch, right click on the link and Copy the Shortcut. Then paste the Shortcut into your browser&#8217;s Address Field.</p>
<p><a href="http://tra.mlxtempo.com/DotNet/Pub/EmailView.aspx?r=913470499&amp;s=TRA&amp;t=TRA" target="_blank">RES &#8211; Buyer Full</a></p>
<p>&nbsp;</p>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry within 24 hours.  For faster response, you may call me during normal business hours at (919) 369-4926</p>

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		<title>Cascades</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/cascades.htm</link>
		<comments>http://carolinainvestmentnetwork.com/featured-properties/cascades.htm#comments</comments>
		<pubDate>Mon, 26 Mar 2012 00:48:33 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Featured Properties]]></category>
		<category><![CDATA[Investment Property]]></category>
		<category><![CDATA[Monroe]]></category>

		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=216</guid>
		<description><![CDATA[&#160; Union county foreclosure.  Priced $83,000 below tax value.  Stunning 4 bedroom house with new carpet, paint, stove, microwave and lighting.  Interior rooms include living room, dining room, great room and kitchen with pantry.  Located off Highway 74 between Indian Trail and Monroe. Are you interested in this property?  Please fill out the form below... <a href="http://carolinainvestmentnetwork.com/featured-properties/cascades.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://carolinainvestmentnetwork.com/featured-properties/cascades.htm/attachment/4208highshoals" rel="attachment wp-att-217"><img class="aligncenter size-full wp-image-217" title="4208HighShoals" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/03/4208HighShoals.jpg" alt="" width="640" height="480" /></a></p>
<p>&nbsp;</p>
<p>Union county foreclosure.  Priced $83,000 below tax value.  Stunning 4 bedroom house with new carpet, paint, stove, microwave and lighting.  Interior rooms include living room, dining room, great room and kitchen with pantry.  Located off Highway 74 between Indian Trail and Monroe.</p>
<div class="property-details">
<div class="property-details-col1"><b>Listing Price:</b> $155,000<br /><b>Address:</b> 4208 High Shoals Dr<br /><b>City:</b> Monroe<br /><b>State:</b> NC<br /><b>ZIP:</b> 28110<br /><b>Year Built:</b> 2006<br /><b>Acreage:</b> .17<br /><b>Rent:</b> $1400 - $1450<br /></div><div class="property-details-col2"><b>Status:</b> For Sale<br /><b>Square Feet:</b> 3065<br /><b>Bedrooms:</b> 4<br /><b>Bathrooms:</b> 2.5<br /><b>Garage:</b> 2 Car Garage<br /><b>Tax Value:</b> $238,500<br /><b>HOA:</b> $400 / year<br /><b>Financing:</b> Conventional - 20% Down<br /></div>
</div>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry within 24 hours.  For faster response, you may call me during normal business hours at (919) 369-4926</p>

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		<title>HARP Gets a Needed Makeover</title>
		<link>http://carolinainvestmentnetwork.com/news/harp-gets-a-needed-makeover.htm</link>
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		<pubDate>Sun, 25 Mar 2012 03:11:56 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=212</guid>
		<description><![CDATA[Home Affordable Refinance Program (HARP) If you&#8217;re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA&#8217;s Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable... <a href="http://carolinainvestmentnetwork.com/news/harp-gets-a-needed-makeover.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<h2>Home Affordable Refinance Program (HARP)</h2>
<div>
<div id="ctl00_PlaceHolderMain_ctl01_label">If you&#8217;re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA&#8217;s <strong>Home Affordable Refinance Program (HARP)</strong>. HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.</div>
<div> </div>
<p>You may be eligible for HARP if you meet all of the following criteria:</p>
<ul>
<li>The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.</li>
<li>The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.</li>
<li>The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.</li>
<li>The current loan-to-value (LTV) ratio must be greater than 80%.</li>
<li>The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.</li>
</ul>
<p>Find out if you qualify for the HARP program today.  You may be able to refinance into a low cost mortgage.  Contact us today and let&#8217;s get started.</p>

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		<title>Catawba Hills</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/catawba-hills.htm</link>
		<comments>http://carolinainvestmentnetwork.com/featured-properties/catawba-hills.htm#comments</comments>
		<pubDate>Sun, 25 Mar 2012 02:58:44 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Featured Properties]]></category>
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		<category><![CDATA[Gastonia]]></category>
		<category><![CDATA[Investment Property]]></category>

		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=200</guid>
		<description><![CDATA[&#160; Bank owned home for sale in Gaston county.  Priced $60,000 below tax value.  Desirable floor plan with 4 bedrooms plus a loft area, living room with fireplace, dining room and den with vaulted ceiling.  Are you interested in this property?  Please fill out the form below and indicate any additional information you may need. ... <a href="http://carolinainvestmentnetwork.com/featured-properties/catawba-hills.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://carolinainvestmentnetwork.com/featured-properties/catawba-hills.htm/attachment/3636catawba" rel="attachment wp-att-201"><img class="aligncenter size-full wp-image-201" title="3636Catawba" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/03/3636Catawba.jpg" alt="" width="640" height="480" /></a></p>
<p>&nbsp;</p>
<p>Bank owned home for sale in Gaston county.  Priced $60,000 below tax value.  Desirable floor plan with 4 bedrooms plus a loft area, living room with fireplace, dining room and den with vaulted ceiling. </p>
<div class="property-details">
<div class="property-details-col1"><b>Listing Price:</b> $129,900<br /><b>Address:</b> 3636 Catawba Creek Drive <br /><b>City:</b> Gastonia<br /><b>State:</b> NC<br /><b>ZIP:</b> 28056<br /><b>Year Built:</b> 2007<br /><b>Acreage:</b> .25<br /><b>Rent:</b> $1400<br /></div><div class="property-details-col2"><b>Status:</b> For Sale<br /><b>Square Feet:</b> 2400<br /><b>Bedrooms:</b> 4<br /><b>Bathrooms:</b> 2.5<br /><b>Garage:</b> 2 Car Garage<br /><b>Tax Value:</b> $188,395<br /><b>HOA:</b> $150 / qtr.<br /><b>Financing:</b> Conventional - 20% Down<br /></div>
</div>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry within 24 hours.  For faster response, you may call me during normal business hours at (919) 369-4926.</p>

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		<title>Manchester Place</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/manchester-place.htm</link>
		<comments>http://carolinainvestmentnetwork.com/featured-properties/manchester-place.htm#comments</comments>
		<pubDate>Sun, 25 Mar 2012 02:36:05 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Concord]]></category>
		<category><![CDATA[Featured Properties]]></category>
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		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=191</guid>
		<description><![CDATA[&#160; Bank owned property for sale in Cabarrus county.  $75,000 below tax value.  This partial brick home features 5 bedrooms, 3 and a half baths, living room, dining room and a large loft area. Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I... <a href="http://carolinainvestmentnetwork.com/featured-properties/manchester-place.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://carolinainvestmentnetwork.com/featured-properties/manchester-place.htm/attachment/525courtland" rel="attachment wp-att-193"><img class="aligncenter size-full wp-image-193" title="525Courtland" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/03/525Courtland.jpg" alt="" width="640" height="480" /></a></p>
<p>&nbsp;</p>
<p>Bank owned property for sale in Cabarrus county.  $75,000 below tax value.  This partial brick home features 5 bedrooms, 3 and a half baths, living room, dining room and a large loft area.</p>
<div class="property-details">
<div class="property-details-col1"><b>Listing Price:</b> 124,900<br /><b>Address:</b> 525 Courtland Court<br /><b>City:</b> Concord<br /><b>State:</b> NC<br /><b>ZIP:</b> 28081<br /><b>Year Built:</b> 2006<br /><b>Acreage:</b> .18<br /><b>Rent:</b> $1400<br /></div><div class="property-details-col2"><b>Status:</b> For Sale<br /><b>Square Feet:</b> 2800<br /><b>Bedrooms:</b> 5<br /><b>Bathrooms:</b> 3.5<br /><b>Garage:</b> 2 Car Garage<br /><b>Tax Value:</b> $201,260<br /><b>HOA:</b> $136 / year<br /><b>Financing:</b> Conventional - $20% down<br /></div>
</div>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry within 24 hours.  For faster response, you may call me during normal business hours at (919) 369-4926.</p>

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		<title>Long Brooke</title>
		<link>http://carolinainvestmentnetwork.com/featured-properties/long-brooke.htm</link>
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		<pubDate>Sun, 25 Mar 2012 02:10:39 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Featured Properties]]></category>
		<category><![CDATA[Investment Property]]></category>
		<category><![CDATA[Monroe]]></category>

		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=182</guid>
		<description><![CDATA[Homesteps foreclosure located in Union County.  $50,000 below tax value.  Good investment opportunity.  Seller has brought the house back into move in condition with new carpet, paint and appliances! Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry... <a href="http://carolinainvestmentnetwork.com/featured-properties/long-brooke.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://carolinainvestmentnetwork.com/featured-properties/long-brooke.htm/attachment/3022viola" rel="attachment wp-att-183"><img class="aligncenter size-full wp-image-183" title="3022Viola" src="http://carolinainvestmentnetwork.com/wp-content/uploads/2012/03/3022Viola.jpg" alt="" width="640" height="480" /></a></p>
<p><strong>Homesteps foreclosure located in Union County.  $50,000 below tax value.  Good investment opportunity.  Seller has brought the house back into move in condition with new carpet, paint and appliances!</strong></p>
<div class="property-details">
<div class="property-details-col1"><b>Listing Price:</b> $119,900<br /><b>Address:</b> 3022 Viola Lane<br /><b>City:</b> Monroe<br /><b>State:</b> NC<br /><b>ZIP:</b> 28110<br /><b>Year Built:</b> 2001<br /><b>Acreage:</b> .28<br /><b>Rent:</b> $1350<br /></div><div class="property-details-col2"><b>Status:</b> For Sale<br /><b>Square Feet:</b> 2180<br /><b>Bedrooms:</b> 4<br /><b>Bathrooms:</b> 2.5<br /><b>Garage:</b> 2 Car Garage<br /><b>Tax Value:</b> $169,180<br /><b>HOA:</b> <br /><b>Financing:</b> Conventional - $20% Down<br /></div>
</div>
<p>Are you interested in this property?  Please fill out the form below and indicate any additional information you may need.  I will respond to your inquiry within 24 hours.  For faster response, you may call me during normal business hours at (919) 369-4926.</p>

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		<title>Raleigh Tops Forbes List</title>
		<link>http://carolinainvestmentnetwork.com/news/raleigh-tops-forbes-list.htm</link>
		<comments>http://carolinainvestmentnetwork.com/news/raleigh-tops-forbes-list.htm#comments</comments>
		<pubDate>Tue, 17 Jan 2012 01:59:40 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://carolinainvestmentnetwork.com/?p=121</guid>
		<description><![CDATA[Forbes 13th Annual List:        The Best Places For Business and Careers The recession spared few U.S. cities, wiping out 9.4 million jobs between November 2007 and August 2009. Many will never return, and those that do you probably won’t find on the East or West Coast. For the most active areas of job creation (and... <a href="http://carolinainvestmentnetwork.com/news/raleigh-tops-forbes-list.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<p><strong>Forbes 13<sup>th</sup> Annual List:        The Best Places For Business and Careers</strong></p>
<p>The recession spared few U.S. cities, wiping out 9.4 million jobs between November 2007 and August 2009. Many will never return, and those that do you probably won’t find on the East or West Coast. For the most active areas of job creation (and lower costs of doing business) you have to go to the heartland, home to 80% of the top 25 regions on our list of Best Places for Business.</p>
<p>In most of these hot hubs you’ll find a strong university or two, providing rich cultural life and the kind of technology transfer that sparks entrepreneurial activity—giving that educated population lots of reasons to stick around.</p>
<p><strong>Topping our 13<sup>th</sup> annual list of the Best Places for Business and Careers is <a href="http://www.forbes.com/places/nc/raleigh/">Raleigh, N.C.</a> It is one of those locales with a strong university presence helping fuel growth in the area (albeit in an East Coast state, a rarity in the upper part of the list). Raleigh and nearby <a href="http://www.forbes.com/places/nc/durham/">Durham</a> (ranked No. 31) get a strong boost from three elite schools in the surrounding area in University of North Carolina, Duke University and North Carolina State.</strong></p>
<p><strong>Raleigh ranks No. 1 after dipping to third last year. Low business costs (18%</strong><strong> </strong><strong>below the national average) and a smart labor force (42% have a college degree) make North Carolina’s capital an attractive spot for employers like First Citizens Bank and </strong><strong><a href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=pgn&amp;tab=searchtabquotesdark" target="_blank">Progress Energy</a>. Job seekers get it: The net migration rate to Raleigh was the second highest in the U.S. over the past five years.</strong></p>
<p>&nbsp;</p>
<p>Our look at America’s Best Places for Business showcases the stark contrast between Texas—with its low-cost, pro-business regulatory environment (5 cities among the top 25, led by <a href="http://www.forbes.com/places/tx/austin/" target="_blank">Austin</a> at No. 7)—and overregulated and wildly expensive California (home to 8 cities that rank in the bottom 25, including No. 200 Merced). Texas was one of the last economies to succumb to the recession and one of the first to bounce back, while California is limping along with an unemployment rate of 11.7% (only Nevada’s is worse).</p>
<p>Besides Austin, Texas also placed <a href="http://www.forbes.com/places/tx/san-antonio/" target="_blank">San Antonio</a> and <a href="http://www.forbes.com/2011/06/27/best-places-11-top-50_slide_11.html" target="_blank">Dallas</a> in the top 10. San Antonio, ranked No. 8, is among the fastest-growing metro areas in the U.S. (the population increased 25% since 2000). It has been buoyed by defense spending and hiring at <a href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=TM">Toyota Motor’s</a> truck assembly plant. <a href="http://www.forbes.com/places/tx/dallas/" target="_blank">Dallas</a> (No. 10) has been one of the most resilient economies during the recession and could add 190,000 jobs in the next three years.</p>
<p>It’s not all bad in the Golden State. Aside from nice weather, California does have bright spots in <a href="http://www.forbes.com/places/ca/san-jose/" target="_blank">San Jose</a> (No. 35) and <a href="http://www.forbes.com/places/ca/san-francisco/" target="_blank">San Francisco</a> (No. 37), both of which made the top 40 thanks to a rich arsenal of educated and talented workers.</p>
<p>Demographer Bert Sperling argues that much of the recent success of the heartland can be attributed to “extractive industries” like oil, gas and mining as well as record-high crop prices that have provided jobs and revenue to the center of the U.S. “These economies run in cycles, and these booms and busts are often decades in the making,” he says.</p>
<p>Our ranking of Best Places looks at the 200 largest metropolitan statistical areas in the U.S. These range in size from the <a href="http://www.forbes.com/places/ny/new-york/" target="_blank">New York City metro</a>, with to 11.6 million people, to <a href="http://www.forbes.com/places/tx/laredo/" target="_blank">Laredo, Texas</a>, home to 252,000 people (click here for a list of the <a href="http://www.forbes.com/2011/06/27/best-places-11-small_slide.html" target="_blank">Best Small Places for Business</a>). We consider 12 metrics relating to job growth (past and projected), costs (business and living), income growth, educational attainment and projected economic growth.</p>
<p>We also factor in quality of life issues like crime rates, cultural and recreational opportunities and net migration patterns. Lastly we included the number of highly ranked colleges in an area per our <a href="http://www.forbes.com/2010/08/11/best-colleges-universities-rating-ranking-opinions-best-colleges-10_land.html">annual college rankings</a>. A tip of the cap to <a href="http://www.economy.com/default.asp">Moody’s Economy.com</a>, which provided much of the data, including the economic forecasts. Bert Sperling, founder of <a href="http://www.bestplaces.net/">Sperling’s BestPlaces</a>, put together a culture and leisure index for Forbes and also crunched the crime numbers for us. College attainment data is compiled by the <a href="http://www.census.gov/">Census Bureau</a>.</p>
<p><a href="http://www.forbes.com/places/ia/des-moines/" target="_blank">Des Moines, Iowa</a>, last year’s No. 1 dropped one spot as employment fell 0.9% in 2010. The area still has plenty to offer with business costs 16% below the national average and household incomes that are expected to increase 4.2% annually through 2013, eighth best in the U.S. Workers at big employers like <a href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=PFG">Principal Financial</a> and <a href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=wfc&amp;tab=searchtabquotesdark" target="_blank">Wells Fargo</a> enjoy cheap housing (median price $148,600) and 20-minute average commutes.</p>
<p>Another big metro that made the top 10, in addition to the three Texas locales, is <a href="http://www.forbes.com/places/co/denver/" target="_blank">Denver</a>, which ranks No. 9. U.S. economic growth has been tepid since the recession ended, but Denver’s economy grew 3.9% last year and is expected to grow 3.9% annually through 2013 according to Economy.com. Denver’s great quality of life and educated workforce make it a favorite with companies in industries from aerospace and bioscience to energy, financial services and information technology. Major employers include <a href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=ibm&amp;tab=searchtabquotesdark">IBM</a>, <a href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=lmt&amp;tab=searchtabquotesdark" target="_blank">Lockheed Martin</a> and Wells Fargo.</p>
<p>A big mover in the rankings this year is the New York metro, which ranked No. 45, up from No. 99 in 2010. Yes it is still the most expensive place to do business in the U.S. at 51% above the national average, but the job and economic forecasts are much improved for the area. The economy is forecast to expand 4.5% per year and household income are expected to increase 4.1% annually the next three years, 12th best in the U.S.</p>
<p>New York also scores well on quality-of-life issues. It ranks first on Sperling’s index among cities for culture and recreation, and its crime rate is 11th-lowest in the country. The biggest draw might be its talented, educated work force with 36% having a college degree–only <a href="http://www.forbes.com/places/dc/washington/" target="_blank">Washington, D.C.</a> is higher among the 10 largest metros. The concentration of big firms is unmatched as well. It is the corporate home for 80 public companies with more than $1 billion in sales.</p>
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		<title>Distressed Properties&#8217; Far Reaching Effects</title>
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		<pubDate>Mon, 26 Dec 2011 16:14:42 +0000</pubDate>
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		<description><![CDATA[The number of distressed properties across the nation has resulted in a range of effects. Most notably, though, has been the effect on non-distressed homes in neighboring areas and communities. Perhaps no one has been harder hit than builders of new homes. The National Association of Home Builders (NAHB) reports that one out of three... <a href="http://carolinainvestmentnetwork.com/news/distressed-properties-far-reaching-effects.htm" rel="nofollow">Read More</a>]]></description>
			<content:encoded><![CDATA[<div>The number of distressed properties across the nation has resulted in a range of effects. Most notably, though, has been the effect on non-distressed homes in neighboring areas and communities.</div>
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<p>Perhaps no one has been harder hit than builders of new homes. The National Association of Home Builders (NAHB) reports that one out of three builders are reporting losing signed contracts during the preceding six months because appraisals are coming in lower than contract sales prices.</p>
<p>It is these new homes that are struggling to hold value amidst the glut of distressed homes. The NAHB reports, &#8220;Too often, due to faulty appraisal practices, brand new homes with sparkling appliances and interior upgrades get compared to a distressed property that has been sitting vacant and in disrepair.&#8221;</p>
<p>With that sort of profit margin, it&#8217;s no wonder that many builders are staying on the sidelines. Yet, this is pushing the economy to the brink. The NAHB reports that new-home construction is a key to economic recovery. One hundred new homes can mean 300 full-time jobs and $8.9 million in federal, state, and local tax revenue.</p>
<p>&#8220;Resolving inappropriate appraisal practices and restoring the flow of credit to home builders will not only help to put America back to work, it will provide badly needed tax revenues that is essential for local governments to support schools, police and firefighters in communities across the land,&#8221; said NAHB Chairman Bob Nielsen. </p>
<p>There is good news for one area of the market, though. &#8220;Multifamily construction continues to be the bright spot in the overall housing market,&#8221; said NAHB Chief Economist David Crowe. &#8220;While household formations have been below trend, those who are forming new households are becoming renters and this trend is likely to continue until consumers&#8217; confidence returns.&#8221;</p>
<p>Single-family home construction and sales may be lagging, but it is apartments and condos that are playing a large role in today&#8217;s housing market. Stillman Knight, chairman of NAHB&#8217;s Multifamily Council Board of Trustees and president and CEO of the Knight Company of Alexandria, Va, reports, &#8220;The construction of these units not only brings jobs to local communities, but also provides an adequate stock of housing for areas with rapid population growth.</p>
<p>Buyers are taking advantage of today&#8217;s low prices and high levels of affordability. The Mortgage Bankers Association (MBA) reports that mortgage application were up 4.1 percent from the week prior. Refinancings were up 9.3 over the previous week and are now at the highest level since November 4th of this year.</p>
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