Atlanta Short Sale and Foreclosure Information

December 30, 2009

Buying a Short Sale Home
Considering today’s market along with the tremendous growth in the number of short sale properties available, the potential for buyer’s to obtain a “Bargain Deal” has increased substantially. Of course the baggage that comes with the increased opportunities provided by short sale properties is that buyers must be in a position [...]

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Atlanta Short Sale and Foreclosure Information

December 27, 2009

What Makes an Effective Short Sale Package?
In the last article, The Anatomy of a Short Sale, we examined what potential requirements would be required to qualify for a short sale. Now we are going to examine what items are needed in order to assemble an effective short sale package for the lender. The short [...]

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Atlanta Short Sale and Foreclosure Information

December 24, 2009

The Anatomy of a Short Sale
Not every owner of distressed property is a candidate for a short sale and therefore they cannot all be saved from foreclosure. In this article we will examine the circumstances that may qualify a homeowner for participation in a short sale.
Is There a Valid Hardship?
What exactly constitutes a valid [...]

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Atlanta Short Sale and Foreclosure Information

December 23, 2009

 
In the initial article on Atlanta Short Sale and Foreclosure Information we examined the terminology used with short sales and foreclosures along with the pre-foreclosure and foreclosure process. In this article we are going to examine potential options available to owners of distressed properties. Please understand that these options are being presented in a general [...]

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Atlanta Short Sale and Foreclosure Information

December 21, 2009

Last Friday I attended the Short Sale and Foreclosure Resource Designation continuing education class that is currently being offered by the Real Estate Buyers Agent Council of the National Association of REALTORS. The purpose of the class was to help educate the participants with the latest information and show how real estate agents can best [...]

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Don’t Scare Me

January 7, 2009

Builder Short Sales
A builder doing a short sale on a new construction property is just plain scary. What you as a buyer are being told, in a not so subtle way, is that the builder is probably not going to be able to cover any warranty work that needs to be performed on your new [...]

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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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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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