March 2010 – Page 8 – Jay's Real Estate Blog

Public Safety Office Offers Flood Facts

Mar. 4, 2010

Flooding may become a major problem in the local area as the large amount of snowfall from February’s storms begins to melt.
“We are very concerned about that likelihood as the temperatures warm up beginning this week,” said Director Brad Frantz, Garrett County Department of Emergency Management.

With that in mind, the director offers the following flood fact sheet from the Federal Emergency Management Agency (FEMA):

DURING A FLOOD

If a flood is likely in your area, you should:

•Listen to the radio or television for information.

•Be aware that flash flooding can occur. If there is any possibility of a flash flood, move immediately to higher ground. Do not wait for instructions to move.

•Be aware of streams, drainage channels, canyons, and other areas known to flood suddenly. Flash floods can occur in these areas with or without such typical warnings as rain clouds or heavy rain.

If you must prepare to evacuate, you should do the following:

•Secure your home. If you have time, bring in outdoor furniture. Move essential items to an upper floor.

•Turn off utilities at the main switches or valves if instructed to do so. Disconnect electrical appliances. Do not touch electrical equipment if you are wet or standing in water.

If you have to leave your home, remember these evacuation tips:

•Do not walk through moving water. Six inches of moving water can make you fall. If you have to walk in water, walk where the water is not moving. Use a stick to check the firmness of the ground in front of you.

•Do not drive into flooded areas. If floodwaters rise around your car, abandon the car and move to higher ground if you can do so safety. You and the vehicle can be quickly swept away.

DRIVING FLOOD FACTS

The following are important points to remember when driving in flood conditions:

•Six inches of water will reach the bottom of most passenger cars causing loss of control and possible stalling.

•A foot of water will float many vehicles.

•Two feet of rushing water can carry away most vehicles, including sport utility vehicles (SUVs) and pickups.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Duane Yoder receives 2010 Houser of the Year Award

Duane Yoder, president of the Garrett County Community Action Committee, received the 2010 Houser of the Year Award during the Maryland Affordable Housing Coalition’s (MAHC) annual meeting last month in Annapolis. This award recognizes an individual who has demonstrated “outstanding” overall achievement in the development of quality affordable rental housing in Maryland. Additionally, this individual is someone who, over the years, has helped to promote and preserve affordable housing opportunities for low-income Marylanders by tackling tough issues and advocating for the affordable housing industry in the state.

Yoder has been an industry leader who has advocated for or supported affordable housing for all of Garrett County for many years, according to county administrator Monty Pagenhardt, who attended the conference. “Duane is recognized by his peers from all around the state for his dedication and hard work,” said Pagenhardt. “It was very evident to me that Garrett County is a model for every local jurisdiction throughout the state for our affordable housing program and the acknowledgment of Duane for this award was certainly deserving.”

Read the rest of the article here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Masterpiece Lakefront Home Deep Creek Lake 3285 Shingle Camp GA7205460 $1,999,900

This has to be one of the most unique homes you will find at Deep Creek Lake. Nearly 7200 square feet! Architectural Elegance describes this truly unique and magnificent home at Deep Creek Lake. Sitting on 135′ lakefront this home offers a unique blend of antique and contemporary finishes. The minute you step through the front door you will know you are seeing something wonderfully unique at Deep Creek Lake.

Listed by Railey Realty & Debra Savage. More details here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Split foyer 3 bedroom home for sale near New Germany state park GA7087027 $139,900

Convenient location near New Germany State Park and Deep Creek Lake. You’ll enjoy the quiet countryside from this spacious brick home. Features: multiple garage spaces, circular driveway, full basement, 2nd living room room/kitchen, enclosed back porch/sun room, multi-heat options and room to expand!

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

6 acre building lot Sand Flat, Deep Creek Lake $100,000 GA7160562

Spacious 6 acre building lot with great valley views near Deep Creek Lake. Overlooks the valley where the namesake stream ‘Deep Creek’ begins. Great price! Subdivison: Mountain View Estates. More details here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Slopefront & Lakefront Lot – Deep Creek Lake – GA6261447 – $849,900

Location, location, location…. You can’t find a better spot than this!

Are location & easy slope access crucial? If so, you’ll find this lot irresistible! Located beneath Wisp’s “Main Street” ski slopes, this lot offers exceptional views of the lake & has 100′ of lakefront.Lot #8, 1059 Marsh Hill Road. Listed by Debra Savage & Railey Realty.

More info available here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Deep Creek Real Estate for Sale – 47 Ski Harbor – GA7267782 – $239,900

Ideal 2 bedroom condo on a peninsula at Ski Harbor. Spectacular lake/slope location in the heart of Deep Creek Lake. Level lake access area with views of the ski slopes and wide lake views, beach volleyball, indoor swimming pool & sauna, tennis courts & more! Less than a mile to skiing!

More details available here.
If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Up on the rooftop – Southern High School snow removal

From Staff Reports
Cumberland Times-News

Oakland — Crews work atop Southern High School’s roof, clearing the accumluated snow with a snow blower Tuesday at the Oakland facility. All schools in Garrett county will be open today, except for Southern, Northern High School, Northern Middle School and Grantsville, Crellin and Dennett Road elementary schools.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

A Price Worth Paying – Realtor.org

Buyers will be pinched by FHA’s new rules.
By Robert Freedman | March 2010

No one likes it when changes to mortgage underwriting make it harder for working households to secure safe and affordable home financing.

But in the case of the FHA’s tightened lending requirements announced in late January, the end may justify the means. The policy changes are designed to shore up the FHA’s capital reserves and help the agency do a better job of managing risk.

“These changes, while serious, are reasonable,” says John Anderson, CRS®, GRI, a 30-year real estate veteran who chairs the NATIONAL ASSOCIATION OF REALTORS®’ Federal Housing Policy Committee. “I think the FHA is doing the right thing.”

Nonetheless, Anderson, broker-owner of Twin Oaks Realty Inc. in Crystal, Minn., acknowledges that many households will be adversely affected. Buyers will have to either spend more to secure financing or scale down what they buy.

Among other things, the FHA is raising its upfront mortgage insurance premium to 2.25 percent from 1.75 percent, boosting the minimum down payment to 10 percent for borrowers with a credit score of 580 and below (it stays at 3.5 percent for everyone else), and reducing permissible seller concessions from 6 percent to 3 percent.

The FHA also will seek legislation to raise the annual mortgage insurance premium to a level above the current cap of 0.55 percent. The agency already has authority to institute the other changes.

“Striking the right balance between managing the FHA’s risk, continuing to provide access to underserved communities, and supporting the nation’s economic recovery is critically important,” FHA Commissioner David Stevens said in a statement.

Read the rest of the article here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

National Guard Mobilized in Deep Creek Lake, Garrett County

You know the snow is piling up when you see the camouflage dump trucks, hummers and heavy equipment taking over the county roads over the past few days. The National Guard was mobilized to assist in the snow removal at Deep Creek Lake and on Garrett County’s roads. If you’ve been following the blog, you’ll know that we had 3 feet of the white stuff and well over 22 feet of snow for the year so far. Another storm system is making its way to the area today. You can imagine what it’s like trying to show/sell property in these conditions, let alone get to work, school, and run errands.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Month: March 2010

Public Safety Office Offers Flood Facts

Duane Yoder receives 2010 Houser of the Year Award

Masterpiece Lakefront Home Deep Creek Lake 3285 Shingle Camp GA7205460 $1,999,900

Split foyer 3 bedroom home for sale near New Germany state park GA7087027 $139,900

6 acre building lot Sand Flat, Deep Creek Lake $100,000 GA7160562

Slopefront & Lakefront Lot – Deep Creek Lake – GA6261447 – $849,900

Deep Creek Real Estate for Sale – 47 Ski Harbor – GA7267782 – $239,900

Up on the rooftop – Southern High School snow removal

A Price Worth Paying – Realtor.org

National Guard Mobilized in Deep Creek Lake, Garrett County

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