No Down Payment Mortgage In Atlanta

October 14, 2008

Five Star Mortgage of Duluth has announced a no down payment conventional home loan with a credit score as low as 620. This is a conforming loan which means the maximum loan amount can not exceed $417,000 and the loan can only be used for a single family residence (Not for a Condo). Seller contributions [...]

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Congratulations John Wieland Homes

October 7, 2008

John Wieland Homes has recently been awarded the J D Power New Home Builder Customer Satisfaction Award for Atlanta. This is the second year in a row for John Wieland to receive this prestigious award. J D Power uses nine factors to evaluate home builders: Builder’s Sales Staff, Builder’s warranty/customer service staff, workmanship and materials, [...]

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Sales Tax Holiday for Energy Efficient Product

October 2, 2008

Starting today October 2 and continuing through October 5, 2008 The Georgia Department of Revenue via House Bill 948 and Senate Bill 342 is exempting both the state and local sales and use tax for specific water efficient and “Energy Star” products. The exemptions are limited to products with a purchase price of less than [...]

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Atlanta Gas Shortage Update

September 29, 2008

Long lines form quickly around any gas station that is receiving fuel. Over the weekend my wife and I observed a tanker pulling into a gas station only to be followed by numerous cars. It was as though the cars had been following the tanker to see where it was going. When gas is found, [...]

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Down Payment Assistance Getting CPR

September 11, 2008

While lying on it’s death bed it appears as though Seller Funded Down Payment Assistance may well be getting a reprieve. As many of you know, the Housing Stimulous Act of 2008 did away with Seller Funded DPA. Representative Al Greene (D-TX) has introduce H.R.6694 in the House of Representatives. This bill provides for the [...]

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Down Payment Assistance Done

August 7, 2008

With the recent signing into law of the Housing and Economic Recovery Act of 2008, as of October 1, 2008 seller contributions (interested third parties) to non-profit down payment assistance programs are finished. Nehemiah Corporation of America, the leading non-profit down payment assistance provider in America, estimates that in the next year alone approximately 300,000 [...]

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Georgia License for Builders and Remodelers

July 15, 2008

As of July first of this year all builders and remodelers in the state of Georgia are to be licensed by the State Licensing Board for Residential and General Contractors. There are three types of contractors that must obtain a license by July 1, 2008.
*  Residential-Basic Contractor (Contractor work relative to detached one-family and [...]

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Chasing The Market

July 11, 2008

The real estate market is quite unique at this particular point in time. History tells us that even though we have seen ups and downs, we just have not experienced a market like this. Increases and decreases in property values occur all the time just like the stock market. Generally speaking, over the long haul [...]

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America’s Best Builder – 2007

May 19, 2008

At the recent RE/MAX Around Atlanta awards breakfast I had the privilege of meeting Bryan Cohen, president of Touchstone Homes. While acknowledging that the housing industry in Atlanta is in a slow down, especially from a new home builder’s perspective, Mr. Cohen spoke about what he and his company did during this time. While the [...]

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How does a Short Sale Effect Value

April 20, 2008

One of the requirements of being a licensed agent is to successfully complete various continuing education classes during each year. Last fall I attended a class on “Understanding Appraisals”. The instructor for this class is an Atlanta Appraiser by the name of Scott Murphy. I found Scott to be extremely knowledgeable and he was more [...]

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