Executive Genoa Home Nestled in Lake Tahoe Foothills
Welcome home. The majestic Sierra Mountains frame the splendor of this stunning cedar-wrapped Genoa home. As you walk up the front walkway and stand in the entry, immediately you are over-taken with awe as you turn and scan the grandeur of the Carson Valley and the historic town of Genoa. Entering the double-doors, you are greeted with warm tile & a step-up formal dining with deck access. To the left is the entire master suite & retreat. The family room is a step-down with floor to ceiling windows framing gorgeous valley & mountain views. This home is an entertainer’s delight & the gourmet chef kitchen makes entertaining that much simpler. There is another bedroom & powder room on this level as well. Step up a few steps to an open library on the east wing of the home. There are 2 bedrooms, a full bath, hobby room, and a true professional’s office—complete with files & storage. The garage is a tandem 2-car with a separate workshop, utility room, and storage room. There is a heated 45-ft RV garage—don’t have one? This would make an awesome basketball court, handball court—you name it!! The rear of the home is complimented with a full deck and an atrium-eat in nook. And as nature would have it, there is deer that nestle under the trees on the lawn. 4,476 beautiful sq ft; 4/2.5/4+RV. Need we say more? 20 minutes to worlkd-class skiing or boating beautiful Lake Tahoe; 9 local golf courses; 55 minutes to the Reno Tahoe International Airport; 25 minutes to Tahoe beasches & water sports. CALL TODAY FOR YOUR PRIVATE VIEWING. 800.670.7362.
HUD Loans for Flipping Homes?
January 20, 2010
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HUD No. 10-011 |
FOR RELEASE |
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help bring stability to home values and accelerate sale of vacant properties
WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. The announcement is part of the Obama administration commitment to addressing foreclosure. Just yesterday, Secretary Donovan announced $2 billion in Neighborhood Stabilization Program grants to local communities and nonprofit housing developers to combat the effects of vacant and abandoned homes.
“As a result of the tightened credit market, FHA-insured mortgage financing is often the only means of financing available to potential homebuyers,” said Donovan. “FHA has an unprecedented opportunity to fulfill its mission by helping many homebuyers find affordable housing while contributing to neighborhood stabilization.”
With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA borrowers access to a broader array of recently foreclosed properties.
“This change in policy is temporary and will have very strict conditions and guidelines to assure that predatory practices are not allowed,” Donovan said.
In today’s market, FHA research finds that acquiring, rehabilitating and the reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA mortgage insurance for a subsequent resale within 90 days of acquisition adversely impacts the willingness of sellers to allow contracts from potential FHA buyers because they must consider holding costs and the risk of vandalism associated with allowing a property to sit vacant over a 90-day period of time.
The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.
“FHA borrowers, because of the restrictions we are now lifting, have often been shut out from buying affordable properties,” said FHA Commissioner David H. Stevens. “This action will enable our borrowers, especially first-time buyers, to take advantage of this opportunity.”
The waiver will take effect on February 1, 2010 and is effective for one year, unless otherwise extended or withdrawn by the FHA Commissioner. To protect FHA borrowers against predatory practices of “flipping” where properties are quickly resold at inflated prices to unsuspecting borrowers, this waiver is limited to those sales meeting the following general conditions:
- All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
- In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions.
- The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.
Beautiful Home in Chichester Estates
September 15, 2009
They say pictures are worth a thousand words, right? Well, then you should be speechless! This home is 1550 sq ft, 3 bedrooms (split), 2 baths, vaulted ceilings, a sitting room with gas-log fireplace & beams on ceiling, semi-formal dining, tasteful custom colors throughout, custom lighting & fans, 3-car garage, fully landscaped & on a quiet cul-de-sac in one of the best neighborhood in Gardnerville. Walk to school, markets, dry cleaners, and drug stores. Hot tub included—no warranty. Call today! Easy to show.
To view the virtual tour, click here: http://www.justsnooping.com/tours/2554821/
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- The exterior of the front of the house.
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- Welcome Home!
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- Dinner is Served!
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- Notice the beams? Great open floor plan.
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- Notice the extra cabinets? Opens to Dining Room & Family Room
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- One view of this lovely backyard
Genoa Nevada
December 15, 2008
Waterfall entrance to Genoa Lakes Golf Course
A quaint charming town, with a Victorian feel, nestled at the base of the Tahoe foothills of the majestic Sierra Nevada mountain range, approximately 250 residents call this township “home.” It is perfectly located approximately 25 minutes from Lake Tahoe, and 55 minutes from the Reno Tahoe International Airport. Whether you are planning a day visit or a longer trip, you will always feel welcome and at home in Genoa (pronounced je-NO-ah) Nevada.
Year-round Charm for Residents & Visitors Alike
Genoa, it is believed, was the first permanent trading post established by Mormon traders from Salt Lake City in 1851. When visiting, be sure and take in the history of this lovely town by visiting the Mormon Station Memorial State Park & Museum, the Genoa Courthouse, the Genoa Bar, the Hanging Tree and the cemetary.
Genoa allows you to “slow down” your pace of life while enjoying a leisurely meal or strolling through the local shops. One attraction you are sure to enjoy is the mule deer–affectionately known as the “other residents”. They are daily visitors as they quietly come down from the trees on the west side of Genoa to graze on local vegetation or fields near the Carson River. If you are driving through the town, please observe the local speed limits!
Prefer golf to shopping? No problem, be sure and visit Genoa Lakes Golf Course in Genoa Lakes or Genoa Lakes Golf Resort north of the town! Both are located just off of Hwy 207, commonly known as Foothill Rd which turns into Jacks Valley Rd just north of Genoa.
Come! Visit! Enjoy!
