Two banks that have begun to demonstrate the tell-tale stress signs of banks that banks who eventually are closed by the Fed typically demonstrate; Four Oaks Bank & Gateway Bank (Hampton Road Bank). Both Banks are sustaining significant losses in …

Two Raleigh Area Banks on the ropes Read more »

As if we needed another reason to be optimistic about the economy and overall health of things to come in Raleigh / Cary North Carolina, yet we keep getting reports like this; HCL’s Cary center adding 200 employees Triangle Business Journal …

HCL’s Cary center adding 200 employees Read more »

Some today experts are saying that only 1 out of 10 short sales reach successful conclusion. Yet others say that 1 out of every 4 close escrow. Regardless a 10% to 25% success ratio is pathetic no matter what your business is!

According to the Triangle Business Journal, employment in the financial sector has risen above 2001 levels in 21 states. North Carolina has had the 2nd largest increase! (behind Texas which holds the number one spot)   North Carolina now has 16,100 …

Moving to Raleigh – North Carolina has largest gain in financial jobs Read more »

Heritage Wake Forest, one community in the Greater Raleigh’ area with most stable real estate  values;  but that’s only one reason to call Heritage home. Aside from the wonderful amenities, Heritage Wake Forest is a very unique neighborhood in that it …

Heritage; one of the area’s most stable communities in Wake Forest Read more »

$1,000 CLOSING COST INCENTIVE: The Downtown Raleigh Alliance is offering a $1,000 closing costs incentive to the first three event attendees who purchase and close on a home in downtown (see below for specifications) between May 21, 2011 and December 31, 2011. Funding for the incentives made possible by corporate sponsorships.

Of course that’s the bad news and we knew that was coming  since shortly after the June 9, 2009 explosion killed three employees and a contractor. So lets focus on the good news that’s worth SHOUTING; Garner is receiving 250 …

ConAgra to shut Garner Slim Jim plant in Garner NC on Friday Read more »

Here is a very funny but sadly somewhat true account in some cases of what was and is now occurring in the mortgage industry. From the man who brought us Bankster v. Deadbeat Debate… Now he sends this… Greetings from …

Untangling the Foreclosure Mystery (via Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowledge) Read more »

if you are a first time home buyer shopping for a home in Raleigh say between $100,000 and $149,999 and in April found that your low ball offers weren’t being accepted, it’s because it ISN’T A BUYERS MARKET IN RALEIGH in that price range.

three little known down payment grants for home buyers in Raleigh North Carolina