Posts tagged as:

Foreclosure

Look for a surge in sales or resale before April 30th

March 15, 2010

In case you’ve fasting TV or maybe in a winter hibernation, there’s a little thing called a tax credit right now that is fueling a lot of sales.  In fact, it might be too effective because it’s pulling buyers from the future to buy now.
Just a recap for those that are still lost:

$8,000 tax credit [...]

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Tenants Now Protected In Foreclosed Rentals

Thumbnail image for Tenants Now Protected In Foreclosed Rentals July 8, 2009

So you are home from work relaxing watching re-runs of Friends and suddenly your front door is kicked open and a big burly man with a gun comes in, points the gun at you and claims that he’s the sheriff.
Sound like something out of the show COPS or maybe a move starring Johnny Depp, but [...]

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$99 A Month for 12 Months – Not a Gimmick Thanks to $8,000 Tax Credit

8000 tax credit June 30, 2009

You might have read the headline and thought, oh no!  This is another one of those funky loans that change over time.  Nope.  It’s not a special loan, it’s another way to think about the $8,000 tax credit.  If you take a $125,000 home’s payment of roughly $750.00 a month at 6% interest rate (fixed [...]

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Georgia Home Buyer Tax Credit

Thumbnail image for Georgia Home Buyer Tax Credit May 12, 2009

Governor Perdue signed HB 261 yesterday creating a Georgia income tax credit up for the purchase of an eligible single-family residence.
Although the bill was signed yesterday, the credit is limited to eligible purchases made between June 1, 2009 and November 30, 2009.
The credit created by HB 261 can be claimed one time per taxpayer [...]

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Obama Just Paid You To Buy A Home

April 15, 2009

For the past 5 months I’ve heard about Obama’s plans non-stop. Not a single one of his plans have done or will do anything for the American economy. I’m not here to rant about bailouts, handouts or bonus checks. I’m here to talk about something incredibly awesome.
Sure you COULD get a [...]

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Deal or No Deal – Real Estate is Changing Again

February 11, 2009

The phone is ringing, is it the bank?  You might want to pick that up.   There’s some new stuff coming and you need to know what is coming if you are a buyer and if you are seller.
First, what is coming:
2009 Will forever be known as the year of the Short Sale . 2007 [...]

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How Do I Avoid Foreclosure?

December 26, 2008

I get this question more than you might think.  There simply isn’t a ton of State specific information on avoiding Foreclosure in Georgia other than, "pay your bill."  If you are facing foreclosure you might have other options.

Loan Modification – There’s a lot of scams out there, but there are people who can help you [...]

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Why Short Sale? Short Sale VS Foreclosure

December 23, 2008

It’s come full circle, I’m loving short sales from a seller representative standpoint due to the fact that it helps get them out of a situation that could devastating to them financially.  For a long time I’ve not enjoyed showing short sales to my buyers, simply due to the hassle.  Having closed several this [...]

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How Can I Improve The Quality of Our Community?

December 18, 2008

I recently had a question from a seller in a neighborhood with a lot of foreclosures on how to help improve the situation. I thought would share the response with you:
Communities that have high involvement of neighbors tend to have a slightly lower rate of foreclosure.  Get organized and get involved with the HOA.  You [...]

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Fannie & Freddie Hold Off On Foreclosures

November 25, 2008

In a sort of odd Christmas Present to some home owners, Fannie Mae and Freddie Mac has post-poned foreclosing on about 16,000 homes until Jan 09.
"This is another news item that the government is hoping will stem the tide of foreclosures," said Walter Schmidt, head of mortgage strategy at FTN Financial Capital Markets in Chicago. [...]

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