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Cramer: Forget About Buying A Second Home

MainStreet.com, September 10, 2008 — ...Right now the banks are having a hard time securitizing second-home loans. Fannie Mae hasn't been willing to take them, perhaps because of this crisis. They ALWAYS used to have a program set aside for second homes. The banks don't want to get stuck with them.

...When the rich are getting turned down for second-home mortgages, it is a sign that the prices are simply illusory UNLESS you can buy in cash. Perhaps that's next down the road as the price of real estate grounds down.
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Vacation Homes For Sale and Vacation Rentals

Log Home on 14+Acres

Listed by Suzie Laskin


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Address: 143 Sam Brown Hill Road
City: Brownfield
State: ME
Zip: 04010
Price: $379,000
Beds: 3
Baths: 2
Floors: 2
Year Built: 1992

Virtual Tour: http://www.visualtour.com/show.asp?T=672733&prt=10003
Garage Size: 2-car
Square Feet: 2,480
Lot Size: 14.4 Acres
Status: Sold
mls: 2726273


Full Description: A custom log home in an estate-like setting. Set on 14.4 acres of fields, gardens and woodland, there are mountain views from the property, a stocked fish pond, a barn, guesthouse and a greenhouse.

The home itself is custom designed, and has a gourmet kitchen with granite counters, spacious living room, a family room, and formal dining. The perfect retreat. And, you'll be near the new Stone Mountain Arts Center, where you can hear top name artists from across the country in a very personal setting, with fine dining, and fabulous entertainment.
Home Features
  • Formal Dining, 
  • Mountain Views , 
  • Fireplace, 
  • Patio/Deck, 
  • Waterfront
Community Features
  • Mountains, 
  • Wilderness
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Listed by: Suzie Laskin
Phone: 603-356-7200 ext 12
Fax: 603-356-6161
Homepagehttp://www.NorthConwayHomes.com
Info: I have earned the designation CBR, Certified Buyers' Representative and would love to help you find your dream property here in the magical Mt. Washington Valley. If you're a seller, I promise to devote my talent to work hard to get your home sold.





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