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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Down Payment Assistance in Atlanta

May 13, 2008

Update for Down Payment Assistance in Atlanta
The Nehemiah Program
This morning I had the privilege of attending a seminar about down payment assistance and how it can benefit both buyers and sellers in the greater Atlanta market. The seminar was taught by Leslie Kane, Area Manager, of The Nehemiah Program. The Nehemiah Program is charitable organization [...]

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Insurance NOT Paid By Homebanc

May 1, 2008

Today I received this email from a gentleman seeking help because his homeowners insurance had not been paid by his mortgage company.
Your topic: "Homebanc Mortgage Escrow Accounts" came up when I searched it on google.
I have a Homebanc mortgage. I just got a call from my ins. co. stating that they haven’t received my homeowner [...]

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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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Short Sale in Atlanta

April 18, 2008

If you are having difficulty paying your monthly mortgage payment, you are not alone. Lenders got very creative, even greedy, while inventing mortgage programs that helped families buy their first home or refinance existing mortgages. Many of these programs were for buyers with no money for a down payment or for families with less than [...]

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Atlanta FHA Loan Limits Raised

March 6, 2008

So what exactly does the FHA do? The FHA provides mortgage insurance on loans made by FHA approved lenders throughout the United States. Since it inception in 1934 FHA has insured more that 34 million loans. Generally FHA loans are easier for buyers to qualify for as they do not have the more strict underwriting [...]

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Atlanta Real Estate Conditions

February 27, 2008

The Atlanta Real Estate Market has escaped from many of the problems that have affected other major markets. It has been pointed out that the resiliency of the Atlanta market is due to our sector being fueled by jobs and relocation rather than speculative buying as has happened in some of the condominium resort [...]

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Atlanta Real Estate Market Update

February 24, 2008

It’s A Buyers Market
If you didn’t know it before, you certainly will know it now by way of the most current stats for real estate in the Atlanta Market. Unfortunately for sellers 2008 has started much in the same fashion that 2007 ended, with a market that continues to decline. Inventory continues to increase [...]

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Avoid Foreclosure-Temporary Loan Relief Alternatives

February 20, 2008

One of the most important duties that I have is educating my clients and future clients about various aspects of the real estate market in Atlanta. With the current economic climate and foreclosure being discussed on virtually every news broadcast, it is important for consumers that are experiencing financial difficulty to know what their [...]

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How to Avoid Foreclosure

February 6, 2008

During the housing boom homeownership grew at record levels. Mortgage brokers were making loans utilizing all kinds of exotic loan programs. There were interest only adjustable rate loans, option loans were the purchaser would choose from one of 4 different payment options and 100% financing programs just to name a few. As long as home [...]

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