The Alex Paen Team Wins Award

I do not normally do this, but I am proud of our accomplishments and would like to thank everyone that contributed. The Alex Paen Team took 6th place in total homes sold in the entire state of North Carolina. Wow our local coastal NC area home sales have picked up a bit. Thanks to my [...]

Can $8000 tax credit be used as down payment?

The FHA is working on plans to make to allow the $8000 tax credit to be used for a down payment. This has not officially been decided yet.
Home buyers in the Wilmington NC area
What will this do? - Free up many that CAN qualify for a mortgage and pay their bill, but do not [...]

Carolina Beach NC Gets Amusements!

CAROLINA BEACH, NC (WECT) - After months of speculation the town of Carolina Beach is finally getting amusement rides. 
Workers with the company Hildebrand Rides began setting up rides Friday.  Many rides are already set up, but a ferris wheel and other attractions will be set up this week next to the boardwalk.  Many say adults [...]

Save the Dream

Dear Coldwell Banker® Brokers and Sales Associates:
There are now hundreds of thousands of families all across America facing foreclosure because they simply cannot afford their mortgage payments, or they owe far more than their house is currently worth. To make matters even worse, the Mortgage Bankers Association reports that approximately 50% of home owners who [...]

Is now the right time to buy?

Happy Mother’s Day

A special happy Mother’s Day to all. We love you!

Wilmington NC Votes to Approve Monkey Junction Annexation

WILMINGTON, NC (WECT) - Wilmington city council voted six to one in favor of the Monkey Junction annexation during Tuesday night’s meeting.
The ordinance almost didn’t pass as council member Kristy Tomey has voiced her disapproval of the plans for months.
“Unfortunately, I think that I am absolutely the only one on this council who is voting [...]

Coldwell Banker CEO on the Housing Market

Jim Gillespie of Coldwell Banker explains why we need to attack the demand side of the real estate market to stimulate!

Obama Administration Announces New Details

April 28, 2009TG-108
Obama Administration Announces New Details on Making Home Affordable ProgramParallel Second Lien Program to Help Homeowners Achieve Greater AffordabilityIntegration of Hope for Homeowners to Help Underwater Borrowers Regain Equity in their Homes
You can view the Fact Sheet and Case Examples here.
WASHINGTON – The Obama Administration today announced details of new efforts to help [...]