It’s Our Deal of The Week! ~ 05/14/12

 

It’s Our Deal of The Week!
May 14, 2012

Brighton, VT Home For Sale

 Village home offers cozy living with 3 bedrooms, full bath, mud room, & dining room. Front porch, deck overlooks private backyard. Separate storage shed to park snowmachines. VAST trail is just across the road! It’s only a short walk to downtown stores & eateries, lakeside park, etc. Home has been recently renovated & is being sold AS IS.  Listed at $45,000.  Contact Brandy Goulet or Click Here for further details on this property!

 

It’s Our Deal of The Week! ~ 05/07/12

 

It’s Our Deal of The Week!
May 07, 2012

Barton, Vt Home For Sale

 
Here’s a nice farmhouse that’s had the same owner for over 50 years. The 3 BR, 1.5 BA home has a large eat-in kitchen & enclosed porch. Attached post & beam shed with room above allows for expansion. The 20A property offers plenty of room for animals & includes a large barn. There are some maples on the acreage & a sugarhouse ideal for hobby operation. Roaring Brook flows through property. Close to Barton, Glover & scrumptious “Parker Pie.”  Listed at $149,500.  Contact Cindy Sanville or Click Here for further details on this property.

It’s Our Deal of The Week! 05/01/2012

 

It’s Our Deal of The Week!
May 01, 2012

Coventry, VT Cottage For Sale

 
If you’re looking for peace & quiet, then you’ll love this wonderful getaway in private setting. Wooded 14A parcel with brook running through. Great spot to enjoy hunting, snowmobiling & 4-wheeling! Camp is fully furnished, has 2 BR, 1 BA, spring water, propane heat & generator power. Attached single bay garage is drive-through – ideal for your recreational toys!  Listed at $69,900. Contact Connie Isabelle or Click Here for further details on this property!

It’s Our Deal of The Week! 04/23/12

 

It’s Our Deal of The Week!
April 23, 2012

Derby, VT Lakefront For Sale

This home sits right on the water with excellent views up Lake Salem. Year-round home with 2 detached garages for your toys. The home has an open floor plan with atrium doors leading to a 32×10 deck. It offers 1 BR on main floor with 2 huge BR’s on second floor. Excellent year-round or vacation property priced below town assessment! Listed at $205,000.  Contact Steve Peacock or Click Here for more details on this property!

Owner Financing Update!

Bill Signing.jpg

Governor Peter Shumlin stands with VAR members and other parties involved in work on H.565. The Governor signed H.565 into law on April 20, 2012.

H.565 Owner Financing:  On Friday, April 20 Governor Peter Shumlin signed H.565 into law

Last summer, the Vermont Association of REALTORS® and the Vermont Bar Association worked diligently with the Vermont Department of Financial Regulation to gain consensus on legislation that would allow owner financing again in Vermont.

H.565 will enable property owners to sell to prospective buyers without conventional finance and secondary mortgage underwriting standards.  In 2009, the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act was enacted to protect consumers from predatory lenders. This summer, the U.S. Department of Housing and Urban Development (HUD) released the final SAFE Act Rule, which would allow states to create legislation that would enable owner financing.

H.565 includes language which prohibits property owners from making a business of mortgage origination, but allows those to sell properties without a license to lend on a “non-habitual” basis.  This law will apply to all residential, commercial, and land transactions that choose to owner finance.

H. 565 is now in effect.

Read H.565

From: VAR Legislative Report.

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