Lowe’s Offers Do-It-Yourself Solar Panels

Lowe’s, the home-improvement chain, will begin selling do-it-yourself, 40-pound solar panels nationwide for $895 each.

The panels are designed by Akeena Solar, Inc., based in Los Gatos, Calif. Akeena says installation is doable for a novice, but applying for government and utility permits might take some expertise.

“You put solar panels on your roof without a permit, bad things (will) happen to you,” said Jeff Wolfe, CEO of solar installer groSolar. “The utility could shut off the power.”

Akeena panels produce 175 watts of electricity, enough to power a flat-screen TV. Most purchasers will want more than one. Lowe’s also is offering software that allows homeowners to use their home computers to monitor the performance of each panel.
Source: Associated Press, Chris Kahn (12/10/2009)

Affordability Effort at Risk of Backfiring

Some real estate experts and economists are determining that the government’s plan to provide affordable housing is a bad idea.

The program, which passed Congress a few weeks ago, offers local governments $4 billion to buy, repair, and resell homes lost to foreclosure. Real estate experts and economists point out that the government will now be competing with lenders and private homeowners who have been struggling to sell in a depressed market.

In California, for example, most of the foreclosed homes are in areas such as the Central Valley, the Inland Empire and the Antelope Valley, locales known for their large stock of low-cost housing. If anything, these areas are becoming more affordable because of foreclosures, and sales have picked up in large part because of the availability of these homes at discount prices.

“Those foreclosures are being purchased at a very rapid rate, and they are going to families who have been previously price-excluded out of the market,” says Mark Boud, a consultant who runs Real Estate Economics in Irvine.

In Palmdale and Lancaster, among the state’s cities with the highest percentages of foreclosed homes, Joe Mayol, an associate with Keller Williams, says he’s selling foreclosed homes at the rate of five a week.

“One comes on the market, and it’s gone seven days later,” Mayol says.

“Things are starting to turn around,” says Pamela Vose, chief executive of the Greater Antelope Valley Association of REALTORS®.

“I think if the government had wanted to buy homes a few months ago, maybe it would have helped, but if they’re going to start six months from now or later, it can only hurt.”

Source: Los Angeles Times, William Heisel 8/20/08

Mortgage Lenders

Renovation Mortgage Plus

Mario E. Boles/ Diego Hodge

FHA/203K/Fannie Mae (Homestyle)/Freddie Mac (Renovation Mortgage)

2475 Northwinds Parkway, suite 200

Alpharetta, GA 30009

Office: 770-753-6239 

mario.boles@renovationmp.com

diego.hodge@renovationmp.com

*Vonda Henry, Loan Officer (West End Resident)

Advertent Mortgage 

 404-374-3557 

*Bank of America Mortgage

Darren Smith

Mortgage Loan Officer

Assistant Vice President

6075 Roswell Rd

Atlanta, GA. 30328

 404-256-6326  Phone

 866-517-8923  Right Fax

404-358-6883 Cell

 

*Sam Thompsonread my blog:  http://samthompson.thewrittenblog.com

Home Mortgage Consultant

Home Services Lending, LLC

An Affiliate Of Wells Fargo Home Mortgage

MAC M2046-030

3391 Town Point Drive, Ste 325

Kennesaw,  GA  30144

(678) 355-0785 Tel

(770) 301-0527 Cell

1-866-737-9015 E-Fax

sam.thompson@hsl-ga.com

 

web address to apply on-line:

www.homeloans.com/sam-thompson

 

 

*Jayson Duff (can also do FHA loans for 550- 580 credit score!)

Mortgage Banker- REMN, Inc.

500 Town Park Lane Suite 145

Kennesaw, GA. 30144

Office:  770-373-5410 

Cell:  678-360-1969 

jduff@remn.com

www.remn.com

www.jaysonduff.com

 
*Countrywide Bank, FSB

Brian Rains

Home Loan Consultant
4531 Olde Perimeter Way, Suite 200
Atlanta, GA 30346
Cell:   (404) 964-4803

Email: Brian_Rains@Countrywide.com