Forsyth County is one of the fastest growing counties in the nation, yes. And therefore, also one of the most congested. But not to worry, the county is working (slowly) on a solution. Hwy 141/Peachtree Parkway is being widened as I type. I am serious, I actually drove to one of the three Publix's within 3 miles of my house today and saw not just one worker but actually about 4 workers out on the road today. I think that is a project record! But seriously, the lines on one side are started to be painted and hopefully they will be opening up another section before school starts again in August.
Also today, I read that the construction from a 2-lane to 4-lane road of Hwy 20 in Cumming has taken the next step by receiving Environmental Assessment approval. This project will include a 44-foot grassed median from Samples Road in Forsyth County to Peachtree Industrial Boulevard in Gwinnett County. They say it will take 2 1/2 to 3 years to complete (translation - 5 years minimum) and is not expected to begin for several years.
Other road projects include Union Hill Rd, McGinnis Ferry Rd, Old Atlanta Rd, and Kelly Mill. Check out the Forsyth County Transportation Website for more details.
Monday, June 14, 2010
Monday, June 7, 2010
Tax Credit - Old News?
If you've ever been involved in a short sale transaction, you are no stranger to the frustration and anxiety that such a proceeding can cause. It can take a very long time to the contract to be approved by the bank and often times, the deal falls through for what seems like "no reason". Well, these transactions are messing up the tax credit's time limit to close by June 30, 2010.
The NAR (National Assciation of Realtors) is asking Congress to be flexible with this deadline for those purchasing short sale and foreclosed properties. The NAR is not asking for more money to be available - just more time to get these deals closed. There are 2 schools of thought about this: No extension - the buyers should have had the foresight to know if their transaction would close by the deadline; and Extension - some transactions take a long time and it's only fair that they be granted the same tax credit as others even if they require time beyond the limit.
What do you think?
The NAR (National Assciation of Realtors) is asking Congress to be flexible with this deadline for those purchasing short sale and foreclosed properties. The NAR is not asking for more money to be available - just more time to get these deals closed. There are 2 schools of thought about this: No extension - the buyers should have had the foresight to know if their transaction would close by the deadline; and Extension - some transactions take a long time and it's only fair that they be granted the same tax credit as others even if they require time beyond the limit.
What do you think?
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