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Kathy Clifton - REALTOR®
Bald Head Realty
33 Pine Lane
Franklin, NC 28734
Direct: (828) 226-1074
or (828) 369-0000
fax (828) 369-0009
Free Otto and Franklin NC Search

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Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Testimonials

Kathy Clifton did an outstanding job marketing our home in Watauga Vista.  She was professional and very knowledgeable about what we needed to do to sell it.  We followed her directions and the results turned out perfectly.  
 
Without a doubt, we would certainly give her any property we have to sell.  I encourage anyone who may be ready to sell to contact Kathy.  You will be very pleased, I promise you that.
 
 
 
Van and Patsy Capps
When we decided it was time to sell our Franklin, NC, vacation home, we contacted Kathy Clifton because of the recommendation of good friends who had used her as their realtor. We were very pleased!  Kathy was friendly, knowledgeable, helpful and always willing to answer questions. She worked diligently to get us a good offer (3, in fact) and was tireless in her efforts to get ‘the deal’ to close quickly. (The listing, sale, and closing all took place within a month’s time!). We gladly recommend Kathy Clifton to anyone searching for a dedicated realtor.
 
Ann and Jim Smith
Wow, our property was on the market for two days, we had five offers, and it was sold the second day. Kathy and her team made this happen. Everyone was very professional, friendly, and knowledgeable throughout the listing selling, and closing process. If we had more property to sell, we would want Kathy as our realtor again.  We had a wonderful experience.  Tim and Lydia
Just recently Kathy sold our property on Frazier Road.  We were very pleased with her honesty and hard work  in selling this property. We  will have Kathy sell our home as soon as we are ready. She is very trustful and we realize how hard she worked for us.
 
 
Ken and Kay Danzig
Kathy impressed us from the very start of our journey to sell our house. Having done her homework on our place, she showed up on day one with a definite plan for the marketing and sale of our home. She listened to our goals and concerns, gave her professional opinion, and together we moved forward. She was accessible to us at all times, and gave ready feedback to questions. She got us a great price and enabled us to move forward to the next phase of our lives. Thanks, Kathy! Rixey Wilcher
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Kathy Clifton is your local Real Estate Expert in Otto, Franklin, and Macon County North Carolina. Put my knowledge and years of experience to work for you – all my Real Estate Consultations are Free, and come with No Obligation. (828) 226-1074

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Creative Financing

Creative financing: You’ve heard of it, and, as a seller, the idea sounds pretty attractive. But, do you know everything you need to know about carrying back a second; essentially, about becoming a lender? You better know the same things that financial institutions know - you better know about lender’s title insurance.

It’s time to sell your $150,000 home, a home that you have owned for fifteen years, a home in which you have substantial equity. The loan terms call for a $20,000 down payment from your buyer, a new $100,000 loan from a local savings and loan, and for you, the seller, to carry back a note for the remaining $30,000.

Will you, the seller, need title insurance?

Yes, you will. Everyone who retains an interest in the property needs title insurance. When you took on the role of lender, you retained a record title interest which you will want to protect for the term of the loan.

But, why would you need lender’s title insurance when the repayment of your loan is assured by a lien in the form of a recorded deed of trust against the property? What could possibly go wrong?

You must insure yourself for the same reason that financial institutions obtain title insurance - for the protection of your investment. You must be assured that your lien on the property cannot be defeated by a prior lien or other interest in the property, which, if exercised, would wipe out your security.

Anything that involves the new buyer’s ownership rights to the property is of direct interest to you because you are holding the second mortgage. If such ownership rights are in question or defective, you may have trouble collecting your monthly mortgage payments. But, you say, there is nothing in your property’s history that could cause problems: no problems with easements, no problems with boundaries, no problems with rights-of-way.

Contrary to what may be popular belief, these matters are not the only source of title problems; a large proportion of title problems arise out of man’s interaction with man. The fact of a marriage, a divorce, a death, a forgery, a judgment for money damages, a failure to pay state or federal taxes - these occurrences can and usually will affect your rights as a mortgage lender.

As an example of what can befall the lender, did you know that a federal tax lien recorded against your buyer before the loan transaction is concluded may result in the loss of security in your home? Sophisticated mortgage lenders are aware of this possibility as well as many others which could jeopardize their loan security and seek the protection afforded by a lender’s title insurance policy.

If you are considering carrying back a second, be sure to get all the facts regarding the benefits of lender’s title insurance. Your local title insurance company should be happy to provide the information you need.

Article by CLTA

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