Kris's Blog

Atlanta foreclosures, REO, HUD, MLS, FMLS and GAR Requirements

Kris Zugloff (Better Homes And Garden Metrobrokers) — Wed, 24 Mar 2010 12:08:12 -0400

Most Bank Foreclosures & HUD Requirements:

1. Valid Drivers License
2. Loan Approval Letter
3. Earnest Money Deposit
4. Signed GAR F4 & GA Licensed & HUD Certified Agent

Valid Drivers License
You don't have to be a GA resident to purchase properties in GA.
Loan Approval Letter
Unless you will be a cash buyer, you will need to talk to your bank or loan officer in obtaining a loan. With the current changes in lending requirements as well as 2008 changes in GA GAR forms and GA contract law, now more then ever is critical that you speak with reliable and knowledgeable loan officer. Avoid teaser internet ads. We can assist you in shopping for the best rate. Approval loan letter (not pre-approval letter) from trusted lender will push your offer before the others and give you negotiating advantage.
Earnest Money Deposit (EMD)
Earnest Money is a deposit that accompanies the offer. Even that is not required by GA Law it is common practice to all GA Real Estate transactions. Earnest Money Deposit is negotiable between the seller and the buyer but most of the times its 1% of the asking price. Higher EMD shows buyer's strength and can help you negotiate better deal.
Signed GAR F4 and GA Licensed & HUD Certified Agent
HUD requires all offers to be submitted by Licensed GA Real Estate Professional that have completed the HUD certifications in their state. Only HUD Certified Agents can open and show HUD properties to their clients. State law prohibits Broker from representing Buyer as a client without first entering into a written agreement with Buyer under O.C.G.A. § 10-6A-1 et. seq.(Form 4 of GAR)

Call me for more information 404-579-5889 or visit www.HotAtlantaForeclosures.com

► P.S Real Estate Marketing Efforts paying off...

Kris Zugloff (Better Homes And Garden Metrobrokers) — Fri, 05 Mar 2010 13:24:57 -0500

Despite the on going negative news on the housing market I believe there are still a demand for housing. Bellow I am including a chart of my web traffic for the last 12 months. December was very low as my website was down for over 10 days due to our merger with Better Homes and Gardens Real Estate Metrobrokers forming the largest Real Estate Company in Georgia.

In December I started advertising the new Brand via email and direct mail leading back to my web site www.zugloff.com The results for January and February are in direct correlation with those marketing efforts. This shows me that the market is not dead and people are still interested in a good deal.

Click on "comments" to see more.

This is it! Atlanta foreclosure search, REO, HUD, MLS and FMLS, Free for ever!

Kris Zugloff (Better Homes And Garden Metrobrokers) — Mon, 15 Feb 2010 13:28:43 -0500

I have just launched, I think by far, the most comprehensive foreclosure search for Metro Atlanta and surrounding cities.
Now you can search for all foreclosures in both MLS & FMLS for Residential, Condo/Town-Homes, Commercial, Multi-unit, Land/Farm and Developed Lots by Street, Zip, Subdivision, School District, MLS# and more. Also enjoy zoom options in bird view (Bing) and satellite mapping, school, demographic, crime area information and more. In fact, you will be getting the same information as myself when I search for foreclosures for a client. An additional feature is the option to save your searches and properties.

There are other websites that give the same information, but they make you pay tons of monthly fees, so I figured I'd design one that is completely free for my clients and close friends and is updated daily!

Here it is: www.HotAtlantaForeclosures.com ( if the link doesn't work , copy and paste in your browser.)

P.S. I am a REOS (Real Estate Owned Specialist) and certified to show and sell ANY of those foreclosures no matter what bank or institution owns them. So feel free to call me if you or a friend wants to see or buy any of them.

Also I'm taking my designation classes in (CBB) Certified Business Brokerage and (CCB) Certified Commercial Brokerage and will graduate in August this year. So if you are thinking of buying a business, shopping mall, piece of land and/or looking for a commercial lease, hold on for a few months, Im working on it :)

Kris Zugloff , REOS, NAR

Real Estate Advisor
Mobile: 404-579-5889
Fax: 770-579-4560
Better Homes & Gardens Metro Brokers
2157 Roswell Road NE, Marietta GA 30062

P.S A large part of my business is referrals. If you know anyone that needs my services, please pass my information along.

Weakest year since 1963 : Home Sales Down : Housing : Real Estate Recovery :

Kris Zugloff (Better Homes And Garden Metrobrokers) — Fri, 29 Jan 2010 12:58:18 -0500

I don't have the tendancy of sending mass emails but I tought I make you aware of some data that has been quietly ignored and down played by the media. A disappointing new home sales report was more or less dismissed by the market.

Sales of new homes fell unexpectedly in December, capping the industry's worst year on record and fueling concern that the housing market turnaround could falter.
New home sales for December fell 7.6 percent to a seasonally adjusted annual rate of 342,000 from an upwardly revised November pace of 370,000. Economists surveyed by Thomson Reuters had forecast a pace of 370,000 for December.
Last month's results were the weakest since March and were only 4 percent above the bottom last January. The data showed the housing recovery remains limp despite newly expanded tax incentives to spur sales.
Only 374,000 new homes were sold last year, down 23 percent from a year earlier and the weakest year on records dating back to 1963. December's sales were nearly 9 percent below the same month last year.

Considering the population growth in the US since 1963, the figures point a very ugly picture despite countless national treasure thrown at the problem.
These times can be filled with opportunities. Did you know that in some areas you can buy homes for less then the dirt it sits on?

Combine this with:

Low interest rates
Federal Tax Credit of $8000 for first time buyers
Federal Tax Credit of $6500 for existing homeowners
GA Tax Credit of $1800 (most qualify, contact me to explain).

Unfortunately we have only untill Apr. 29th 2010 to take advantage of those government stimulus. Congress has already announced that the credits will not be extended. If you know anyone that is thinking of buying a house this year do them a big favor and forward them this announcement or pass them my contact information.

Kris Zugloff, REOS, NAR
Real Estate Advisor
www.zugloff.com
Mobile: 404-579-5889
Fax: 770-579-4560
Better Homes & Gardens Metro Brokers
2157 Roswell Road NE, Marietta GA 30062

P.S A large part of my business is referrals. If you know anyone that needs my services, please pass my information along.

Housing : Real Estate Recovery : Will it Last? : by John Adams AJC Homefinder

Kris Zugloff (Better Homes And Garden Metrobrokers) — Wed, 02 Sep 2009 10:03:54 -0400

This is a good article from the Atlanta Journal-Constitution HomeFinder by John Adams. It will give you a good prospective on the RE Market without all the statistical numbers and complicated text you will see on most other real estate publications. Hope you enjoy it.

TODAY's topic:
Signs of a Housing Recovery -
But Will it Last?

by John Adams
from the Atlanta Journal-Constitution HomeFinder

There have been several hopeful signs on the housing horizon recently, signs that the recession may have already ended, and possible signs that a housing recovery is, indeed, on the horizon. But it may be too soon to break out the champagne and caviar.

At its most recent open market committee meeting, the Federal Reserve issued a statement saying:

* the Fed believes that "economic activity is leveling out," which is Fed-ese for a belief that the worst of the recession is behind us, and that more normal economic growth lies ahead.

* In addition, the committee reports "conditions in financial markets have improved further in recent weeks." In other words, the stock market is showing a level of confidence not seen in the past two years, and that the central bank sees that as a positive sign going forward.

* "Household spending has continued to show signs of stabilizing" means that you and I are not as worried about everything as we were earlier in the year. In fact, the Bureau of Labor Statistics collects tons of data on what the average household spends on everything from food and housing to transportation and health care. The more we spend, the healthier the economy.

* Finally, Dr. Bernanke and the boys said they are anticipating "a gradual resumption of sustainable economic growth" and that they expect inflation to remain subdued "for some time." In English, that means they think interest rates will be low for a while and that cheap money will help the economy recover faster.

While it's hard to draw joy from any Federal Reserve announcement, this most recent communication was about as upbeat as one can expect from the typically conservative Open Market Committee. Couple that with the recent news of an upturn in new home construction, and we may have the makings of a recovery.

Why, you may ask, is the new home market so important? Here's your answer:

According to a 2008 study by the National Association of Home Builders, each new home built represents about three new jobs, and adds about $90,000 to local, state and federal coffers in the form of taxes, permits and fees. In contrast, the resale of an existing home adds far less to the economy. And according to government statistics, new home sales were up in July for the fifth straight month in a row.

Builders in metro Atlanta say that one important part of that recovery has been the Federal Tax Credit for First Time Homebuyers. It provides a direct cash credit of ten percent of a home's purchase price, up to a maximum of $8,000. But that program is currently slated to end on the last day of November, and no one knows how buyers will react.

Until then, let's keep the cork in the bottle.

This article first appeared in the Atlanta Journal-Constitution.

NO HOMESTEAD TAX EXEMPTION FOR 2009 COBB COUNTY

Kris Zugloff (Better Homes And Garden Metrobrokers) — Tue, 21 Jul 2009 13:58:04 -0400

OUCH!!!!!!! The 'Governor's Tax Credit' for homestead property was NOT funded by the State legislature for 2009 which will result in an increase on your 2009 tax bill between $77.04 and $228.24 (depending on other exemptions you have or whether your Property is located within the city limits).

If your taxes are paid from an escrow account through your mortgage lender, you may want to notify them so the escrow payment amount can be adjusted accordingly.

Click on the following link for video of Gail Downing, Cobb County Tax Commissioner

Homestead exemption

Kris Zugloff www.zugloff.com

twitter

Kris Zugloff (Better Homes And Garden Metrobrokers) — Tue, 09 Jun 2009 23:42:37 -0400

Well, just started my account on Twitter. Here is the link: http://twitter.com/zugloff

Feel free to check it out an add me up

See you all there!

Kris

Buying foreclosure : REO : HUD : Fannie Mae requirements : No PMI : No Appraisal

Kris Zugloff (Better Homes And Garden Metrobrokers) — Wed, 29 Apr 2009 11:16:19 -0400

This is just one of the many programs available to home buyers looking to buy Fannie Mae Foreclosure properties. The challenge is that many foreclosures will not qualify for FHA financing. Bellow is a way around that.

HomePath Program

        Property must be a Fannie Mae foreclosure
        3% down on owner occupied
         10% down on investment or second home
         No appraisal required
         No mortgage insurance (PMI) required
         Low credit score requirements
         Up to 6% seller contribution

If you have any questions or would like to file an application call us at 404-579-5889 or email us at kznet@comcast.net

How GADream works : No Money Down : GA Dream Program : Georgia Dream

Kris Zugloff (Better Homes And Garden Metrobrokers) — Wed, 29 Apr 2009 09:02:41 -0400

Even that no down payment programs were removed from most if not all bank institutions there is still a way to do it here in Georgia. Its a government down payment assistance program that is available from your county officials. Unfortunately not all lenders are able/certified to offer it. Here is a quick look at what you need to be able to qualify:

Georgia Dream Program
         Must be a first time buyer or have not owned a home in the past 3 years
         30 year fixed low interest rate mortgage
         Purchase prices up to $250,000
         Total household income can not exceed $68,000
         Low closing costs
         $5,000 provided by the state to be used toward downpayment and/or closing costs
        580 minimum credit score
         Buyer must contribute $500 of their funds
         Buyer must complete Home Buyer Education

For more details or to file an application call our office at 404-579-5889 or email us at kznet@comcast.net

Credit freeze, what it means, credit score explained : The mystery behind credit scores: Improve your credit, credit counsel, get a mortgage loan

Kris Zugloff (Better Homes And Garden Metrobrokers) — Fri, 31 Oct 2008 10:28:26 -0400

Credit Scores

GREAT:
720 OR HIGHER, WITH A SCORE LIKE THIS YOU CAN USUALLY GET ANY LOAN YOU WANT AT A GOOD INTEREST RATE. YOU CAN USUALLY
QUALIFY FOR A VIP LOAN.
YOU CAN GET STATED INCOME LOAN IF NECESSARY.
THIS SCORE WILL HELP YOU SAVE ON THE INTEREST RATE, AS WELL AS MORTGAGE INSURANCE IF YOU HAVE TO PAY IT.

GOOD:
680-719 YOU ARE STILL IN GOOD SHAPE.
YOU WILL GET CLOSE TO THE SAME RATE AS A THE GUY WITH A 720.
MORTGAGE INSURANCE MIGHT BE A LITTLE MORE EXPENSIVE.

IT'S OK:
620-679 YOU STILL QUALIFY FOR REGULAR LOANS. MORTGAGE INSURANCE IS GETTING MORE EXPENSIVE.
YOUR INTEREST RATE WILL BE A HIGHER THAN THE 720.

GETTING ROUGH:
580-619 YOU CAN STILL DO A TYPE LOANS.
YOUR MORTGAGE INSURANCE WILL BE HIGHER. IT WILL BE TOUGH TO IMPOSSIBLE TO GET YOU A SECOND MORTGAGE.
FHA IS A BETTER OPTION WHEN YOU HAVE A SCORE LIKE THIS.

WE NEED TO TALK:
579 OR LESS
YOU HAVE SEVERAL LINES OF BAD CREDIT. IT WILL BE ALMOST IMPOSSIBLE TO GET A LOAN WITH THIS SCORE.
A HUGE DOWN PAYMENT MIGHT MAKE IT WORK.
SEEK CREDIT COUNSELING.

PROBABLY NOT GOING TO HAPPEN:
351-519 THIS PERSON HASN'T PAID A BILL ON TIME IN A LONG TIME. IT WILL BE 1-2 YEARS BEFORE THEY WILL GET A DECENT SCORE. THERE ARE LITTLE TO NO OPTIONS FOR THIS PERSON CURRENTLY.

WHAT AFFECTS MY CREDIT SCORE?

SOME COMMON MISCONCEPTIONS;

DON'T RUN MY CREDIT, I WILL LOSE POINTS.

IS IT TRUE THAT RUNNING CREDIT REPORTS CAN REDUCE YOUR SCORE?

Fico.com states that it doesn't if it is a same industry report. Experience tells me differently. The good news, if it is less than 3 in a 90 day period, it doesn't change it at all. If you run 15 in one week you will lose 2-4 points for each report run.

HEY, I KNOW MY SCORE; I RAN IT ON THE INTERNET. ISN'T IT THE SAME?

Not so much. The online version is close to the real thing, but not quite. If you really need to know, have someone in the mortgage industry run it.

I HAVE BEEN WORKING ON MY CREDIT. WILL MY SCORE EVER IMPROVE?

Late pays affect the score by the number of lates, how long they were late, and more importantly, how recent were they. It is hard to quantify the damage multiple lates have on the score. If the lates have been more than 2 years, they have a much smaller affect on the score.

IF YOU HAVE HAD PERFECT CREDIT ALL OF YOUR LIFE, WILL YOU HAVE A PERFECT SCORE?

NO!!!!!!! One of the dumbest calculations that go into credit scoring is the ratio of credit used versus the credit limit. The closer you get to 100% of your credit limit, the more points you will lose.
A card with a $100 limit and a $99 balance will lose you about 15-18 points. If that same card has $101 on it, you will lose about 25 points. Throw on a past due, and now you are talking about some serious points.

Ideally, you would never want your balance to exceed 50% of your limit.

SHOULD I CLOSE OUT MY OLD CARDS TO GET A HIGHER SCORE?

Again, NO!!! If you want a higher score, go out and use those cards just a little bit. Putting $20 on a $10000 card will score you some points. Also a 0 balance on an ACTIVE credit account still reports positively every month so don't close your credit account just because you have paid it off.

The longer you have had a card or loan, the more it adds to your score!

HOW DO I GET A PERFECT SCORE?

I don't know. I have run lots of reports and have never seen an 850.
Other than the obvious (paying everything on time) and keeping credit balances less than 50% of the limit, time. I have only seen one score of 847. She had credit established for 30+ years, no lates and minimal balances on credit. To top it off, she was a real estate agent.

OK, SO WHAT DO I DO WITH ALL OF THIS INFO?

I will be glad to talk with you and counsel you on raising you score.

Call Kris @ 404-579-5889 , www.zugloff.com

Other Credit info:

Creditaccuracy.com - Greg Fisher provides industry insights and examples of reporting inaccuracies by major credit bureaus.
The 7 Guaranteed Rights You Have as a Debtor - What your rights are regarding incorrect or disputed information in credit reports.
How to Dispute Credit Report Errors - Provides easy form for disputing inaccurate credit bureau information.
Negative Credit Can Squeeze a Job Search - How employers sometimes use bad credit reports to avoid hiring someone.
Accufax - Experian business credit and other credit reporting services.
Advanced Residential Credit - Texas firm supplies residential mortgage credit, flood compliance, in-file credit and business reports.
Advancing Trade SRL - Providers of international credit report operating in Italy.
AIR Credit Reporting - Provides merged credit reports, flood reports and nationwide property appraisals through dial-up connections or the Internet to mortgage brokers and lenders.
CITICREDIT.NET - Mortgage Reports, Employment Screening, Tenant Screening
Credit Report - Offering free consumer and business credit reports from all major credit bureaus.

SunTrust will no longer be able to offer 100% financing programs.

Kris Zugloff (Better Homes And Garden Metrobrokers) — Sun, 16 Mar 2008 11:04:32 -0400

Many of you have heard that mortgage companies were eliminating their 100% financing programs. SunTrust has had negotiated agreements with most of the MI companies (who made 100% financing possible in the first place) to allow us to continue originating those loans. However, due to the tremendous loss that MI companies have incurred during the recent foreclosure crisis, they have been forced to stop financing of these programs. As a result, as of Thursday, March 20, 2008, SunTrust will no longer be able to offer 100% financing programs. If you have a client who is pre-qualified to purchase based on obtaining 100% financing, they should contact their lender immediately. If their lender has already eliminated the programs, have them call us immediately. Borrowers must have their properties, closing dates, and applications secured by Thursday at noon so that loans can be locked and the applicable mortgage insurance approved.

Although this is very disappointing for all of us, there are still options for your buyers who need to be able to buy homes with little money down.

Conventional mortgages are still available with as little as 3% down up to $417,000. The 3% down payment can be a gift. The sellers can pay up to 3% toward their closing costs and pre-paids.

FHA recently raised their loan amounts for metro-Atlanta to $346,250. As you may remember, FHA accepts "less than perfect credit" with 3% down. The 3% required for these loans can also be a gift and may be from an agency such as Nehemiah.

VA offers 100% financing up to $417,000. They also have loans up to $1,000,000 with the borrower putting down as little as 15%. In addition to saying "thank you" for all that our servicemen and women have sacrificed for our country, help them find the house of their dreams!

These are ever-changing times in our industry. We'll do our best to keep you informed on changes as they come to us. SunTrust has been committed to the mortgage industry and continues to work with the mortgage insurance industry, the legislators, and the real-estate brokerage industry to find ways to work through these difficult times. We appreciate your confidence and encourage you to call us whenever you have any questions!

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Questions About Home Buyer Assistance | Free Downpayment Program GA | Down Payment Assistance Companies | 0% Down

Kris Zugloff (Better Homes And Garden Metrobrokers) — Thu, 13 Mar 2008 10:17:53 -0400

Common Questions About Down Payment Assistance Programs.

Down payments for real estate purchases have always been difficult for the average consumer to come up with. Over the years, buyers have gotten increasingly creative about circumventing that major obstacle to home ownership. A popular way to come up with a down payment is to have it handed to you by a generous non-profit organization.

Q. Can I still buy a house with 0% down payment and 0% Closing Cost.

A. The answer is definitely YES! There are still many Down Payment Assistance Programs (DPAP) out there that you can take advantage of. In-fact FHA products are getting more popular now and as of March 13 2008 in Cobb County the loan amounts limits is $346,250 for one family and $443,250 for two families.

Q. How the Down Payment Assistance Program Works?

A. The basic way it works is that the buyer and seller agree to use an assistance program. Then, the program contributes funds as a no-strings-attached gift to the buyer to offset the down payment. After the sale is consummated, the seller donates that amount, plus a service fee, to the assistance program company. The company providing the money earns cash on the fee it collects, and uses the proceeds to continue its mission.

Q. How do I find Down Payment Assistance Companies?

A.The major ones are Nehemiah and AmeriDream but there are others. Make sure you speak to knowledgeable real estate agent or loan officer before signing anything.

Q. Is it true that HUD, REO and Bank Owned Foreclosures do not work with Down Payment Assistance Companies?

A. NO! Depending on the real estate market and home inventory levels many banks may choose whether to work with them or not. According to a recent article in the New York Times, officials at HUD are skeptical of the program, and have stopped supporting the practice. They claim that this technique encourages borrowers to buy houses-and incur mortgage debts-that they can't really afford. Meanwhile, Nehemiah and another down payment assistance company, AmeriDream, have sued in federal court in an effort to have the HUD moratorium overturned. Also it is very important how the offer will be written and presented. There are strategies that can be used to get your offer accepted.

If you have any other questions ask them here or e-mail us at kznet@comcast.net for a quick responce!

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"Just Looking" OR Buyers in Incognito...

Kris Zugloff (Better Homes And Garden Metrobrokers) — Sat, 01 Mar 2008 02:28:03 -0500

As a business person I try to keep track of website statistics and follow trends. Without saying that I have done any major improvements to my web presence or marketing I have been seeing increase in traffic to a point of establishing new heights and new records for me.

Most traffic that I do get is people that are "Just Looking" but the vast increase is making me think that there may be more to this statistics.

I believe that there may be many buyers on the fence listening to the media and all that talk that now is the time to find a deal is turning them into a frenzy.

Foreclosures has been a very hot topic lately and I think that all the negative talk from the media is actually starting to be helping us.

Regardless of what is cosing this increase in traffic I am grateful to be able to answer the numerous questions I get in a daily bases. Also I am happy to share this information with all of you that may think we may have hard times ahead. I think we will have a outstanding year so get up and take your share of it!

P.S. If you have clients that are looking in Cobb County Atlanta Area, I will welcome referrals!

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Cobb County Foreclosure Requirements | Buying Foreclosures, HUD and REO Properties | Cobb County Distressed Real Estate

Kris Zugloff (Better Homes And Garden Metrobrokers) — Thu, 28 Feb 2008 23:01:22 -0500

There are certain requirements to purchase Foreclosures, REO, HUD and Distressed Real Estate in Cobb County. This list will provide you with the basic information to get you started. Please contact a Cobb County Real Estate Specialist to explain the process in detail for you and familiarize you with the GAR forms.

Currently in Cobb County
(If you are not in Cobb County e-mail me for availability)

Most Bank Foreclosures & HUD Requirements:

1. Valid Drivers License
2. Loan Approval Letter
3. Earnest Money Deposit
4. GA Licensed & HUD Certified Agent

Valid Drivers License
You don't have to be a GA resident to purchase properties in GA.
Loan Approval Letter
Unless you will be a cash buyer, you will need to talk to your bank or loan officer in obtaining a loan. With the current changes in lending requirements as well as 2008 changes in GA GAR forms and GA contract law, now more then ever is critical that you speak with reliable and knowledgeable loan officer. Avoid teaser internet ads. We can assist you in shopping for the best rate. Approval loan letter (not pre-approval letter) from trusted lender will push your offer before the others and give you negotiating advantage.
Earnest Money Deposit (EMD)
Earnest Money is a deposit that accompanies the offer. Even that is not required by GA Law it is common practice to all GA Real Estate transactions. Earnest Money Deposit is negotiable between the seller and the buyer but most of the times its 1% of the asking price. Higher EMD shows buyer's strength and can help you negotiate better deal.
GA Licensed & HUD Certified Agent
HUD requires all offers to be submitted by Licensed GA Real Estate Professional that have completed the HUD certifications in their state. Only HUD Certified Agents can open and show HUD properties to their clients.

Buying bank foreclosures (get updated list Here)and be challenging, frustrating and risky, however it can be very profitable. Picking the right real estate professionals can take the guess work out of the process and insure a worry free transaction. Buy your next home or investor's property trough your area specialist Century 21 Across Atlanta. All services are provided Free to the buyer. Click here to request appointment or ask questions.

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Should You Buy, Sell or Just Wait : How to Profit From Foreclosures in Marietta.

Kris Zugloff (Better Homes And Garden Metrobrokers) — Thu, 28 Feb 2008 19:18:32 -0500

As you can see bellow in the chart for Marietta, GA prices for the most popular 3/2 home has fallen by almost 6% since last year.

The biggest change is in the condos and specially the small one bedroom ones. Prices in that category has plummeted down. If you are in a need for a condo looking at the foreclosure condo market can bring you instant equity. Email me for a complete foreclosure list in your area.

No. Bedrooms	Nov '07-Jan '08	Aug-Oct '07	Nov '06-Jan '07	Nov '02-Jan '03	Aug-Oct '07 Nov '06-Jan '07 Nov '02-Jan '03
1 bedroom	$78,742	$156,536	$110,459	$80,400	-49.7%-28.7%-2.1%
2 bedrooms	$147,016	$145,310	$127,405	$120,211	+1.2%+15.4%+22.3%
3 bedrooms	$182,790	$194,196	$186,324	$165,337	-5.9%-1.9%+10.6%
4 bedrooms	$352,459	$323,635	$336,597	$268,714	+8.9%+4.7%+31.2%
all	$252,752	$256,439	$244,598	$215,742	-1.4%+3.3%+17.2%

This list is free and has daily updated information on all Foreclosures in the North side of Atlanta.
www.HotAtlantaForeclosures.com

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The Basics of Writing an Offer | GA Purchase and Sale Agreement | Real Estate Offers – How to get your offer accepted!

Kris Zugloff (Better Homes And Garden Metrobrokers) — Sat, 09 Feb 2008 10:26:30 -0500

There are certain requirements to submit an Offer for GA Foreclosures, GA REO, GA HUD and GA Distressed Properties or for any other Real Estate in Georgia. This blog will provide you with the basic information to get you started. Please contact a Real Estate Specialist to explain the process in detail for you and familiarize you with the GAR forms.

A written proposal is the foundation of a real estate transaction.

Oral promises are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal. This proposal not only specifies price, but all the terms and conditions of the purchase. For example, if the sellers said they'd help with $2,000 toward your closing costs, be sure that's included in your written offer and in the final completed contract, or you won't have grounds for collecting it later.

REALTORS® usually have a variety of standard forms (including Residential Purchase Agreements) that are kept up to date with the changing laws. When you use a REALTOR® these forms will be available to you. In addition, REALTORS® cover the questions that need to be answered during the process. In many states certain disclosure laws must be complied with by the seller, and the REALTOR® will ensure that this takes place.

For Your Home

Our home improvement section features how-to tips and important information about repairing and remodeling your home.

If you are not working with a REALTOR®, keep in mind that you must draw up a purchase offer or contract that conforms to state and local laws and that incorporates all of the key items. State laws vary, and certain provisions may be required in your area.

After the offer is drawn up and signed, it will usually be presented to the seller by your REALTOR®, by the seller's REALTOR® if that's a different agent, or often by the two together. In a few areas, sales contracts are typically drawn up by the parties' lawyers.

What the offer contains

The purchase offer you submit, if accepted as it stands, will become a binding sales contract (known in some areas as a purchase agreement, earnest money agreement or deposit receipt). It's important, therefore, that it contains all the items that will serve as a "blueprint for the final sale." These purchase offer items include such things as:

Address and sometimes a legal description of the property
Sale price
Terms -- for example, all cash or subject to your obtaining a mortgage for a given amount
Seller's promise to provide clear title (ownership)
Target date for closing (the actual sale)
Amount of earnest money deposit accompanying the offer, and whether it's a check, cash or promissory note, and how it's to be returned to you if the offer is rejected -- or kept as damages if you later back out for no good reason
Method by which real estate taxes, rents, fuel, water bills and utilities are to be adjusted (prorated) between buyer and seller
Provisions about who will pay for title insurance, survey, termite inspections and the like
Type of deed to be given
Other requirements specific to your state, which might include a chance for attorney review of the contract, disclosure of specific environmental hazards or other state-specific clauses
A provision that the buyer may make a last-minute walk-through inspection of the property just before the closing
A time limit (preferably short) after which the offer will expire
Contingencies, which are an extremely important matter and discussed in detail below

Contingencies

If your offer says "this offer is contingent upon (or subject to) a certain event," you're saying that you will only go through with the purchase if that event occurs. The following are two common contingencies contained in a purchase order:

The buyer obtaining specific financing from a lending institution. If the loan can't be found, the buyer won't be bound by the contract.
A satisfactory report by a home inspector "within 10 days (for example) after acceptance of the offer." The seller must wait 10 days to see if the inspector submits a report that satisfies you. If not, the contract would become void. Again, make sure that all the details are nailed down in the written contract.

Negotiating tips

You're in a strong bargaining position -- meaning, you look particularly welcome to a seller -- if:

You're an all-cash buyer; or
You're already pre-approved for a mortgage; and
You don't have a present house that has to be sold before you can afford to buy.

In those circumstances, you may be able to negotiate some discount from the listed price. On the other hand, in a "hot" seller's market, if the perfect house comes on the market, you may want to offer the list price (or more) to beat out other early offers.

It's very helpful to find out why the house is being sold and whether the seller is under pressure. Keep these considerations in mind:

Every month a vacant house remains unsold represents considerable extra expense for the seller;
If the sellers are divorcing, they may just want out quickly; and
Estate sales often yield a bargain in return for a prompt deal.

Earnest money

This is a deposit that you give when making an offer on a house. A seller is understandably suspicious of a written offer that is not accompanied by a cash deposit to show "good faith." A REALTOR® or an attorney usually holds the deposit, the amount of which varies from community to community. This will become part of your down payment.

Always Contact a Real Estate Specialist before submitting an offer.

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Atlanta Foreclosures | Atlanta Foreclosed Homes and Properties Atlanta - Buying and Selling Atlanta Foreclosures and Atlanta Distressed Real Estate

Kris Zugloff (Better Homes And Garden Metrobrokers) — Thu, 07 Feb 2008 07:25:11 -0500

Buying Atlanta foreclosures (get updated list Here) can be challenging, frustrating and risky, however it can be very profitable. Picking the right real estate professionals can take the guess work out of the process and insure a worry free transaction. Buy your next home or investor's property trough your area specialist Century 21 Across Atlanta. All services are provided Free to the buyer. Click here to request appointment or ask questions.

NINE STEPS TO BUYING A HOME:

Step 1: Know your Rights- Fair Housing

Step 2: Figure out how much you can afford

What you can afford depends on your income, credit rating, current monthly expenses, down payment and the interest rate. Ask your agent to assist you. Monthly Payments Calculator

Step 3: Shop for the right loan

Save money by doing your homework. Talk to several lenders, compare costs and interest rates, and negotiate to get a better deal. Financing Distressed Properties may require special financing. Make sure you talk to your agent about your goals.

Step 4: Learn about home buying programs

FHA loan programs offer lower down payments and are a good option for first-time homebuyers.

Step 5: Shop for a home

Contact us to set up Client Gateway so you can monitor all foreclosures in your area. Only GA HUD Certified Agent can open GA HUD properties. Make sure you pick your agent carefully. Atlanta Foreclosure List.

Step 6: Make an offer

Your agent should know about current changes in 2008 GAR forms and contract law and assist you in all paperwork involved. Banks usually have additional exhibits and addendums. Make sure you read and understand everything before signing anywhere. Ask your agent to explain all contracts in detail.

Step 7: Get a home inspection

Always negotiate your offer to be contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.

Step 8: Shop for homeowners insurance

Lenders require that you have homeowners insurance. Be sure to shop around.

Step 9: Sign papers

You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!

Thank you for reading!

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FORECLOSURES IN MARIETTA, KENNESAW, ACWORTH AND N FULTON | Foreclosure List | Marietta Foreclosed Homes and Properties - Buying and Selling Foreclosures and Distressed Real Estate

Kris Zugloff (Better Homes And Garden Metrobrokers) — Wed, 06 Feb 2008 09:48:07 -0500

There are certain requirements to purchase Foreclosures, REO, HUD and Distressed Real Estate in Georgia. This list will provide you with the basic information to get you started. Please contact a Real Estate Specialist to explain the process in detail for you and familiarize you with the GAR forms.

Currently in Marietta, Kennesaw, Acworth and N. Fulton
(If you don't see your city e-mail me for availability)

Most Bank Foreclosures & HUD Requirements:

1. Valid Drivers License
2. Loan Approval Letter
3. Earnest Money Deposit
4. GA Licensed & HUD Certified Agent

Valid Drivers License
You don't have to be a GA resident to purchase properties in GA.
Loan Approval Letter
Unless you will be a cash buyer, you will need to talk to your bank or loan officer in obtaining a loan. With the current changes in lending requirements as well as 2008 changes in GA GAR forms and GA contract law, now more then ever is critical that you speak with reliable and knowledgeable loan officer. Avoid teaser internet ads. We can assist you in shopping for the best rate. Approval loan letter (not pre-approval letter) from trusted lender will push your offer before the others and give you negotiating advantage.
Earnest Money Deposit (EMD)
Earnest Money is a deposit that accompanies the offer. Even that is not required by GA Law it is common practice to all GA Real Estate transactions. Earnest Money Deposit is negotiable between the seller and the buyer but most of the times its 1% of the asking price. Higher EMD shows buyer's strength and can help you negotiate better deal.
GA Licensed & HUD Certified Agent
HUD requires all offers to be submitted by Licensed GA Real Estate Professional that have completed the HUD certifications in their state. Only HUD Certified Agents can open and show HUD properties to their clients.

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FANTASTIC EAST COBB LOCATION. $154,900

Kris Zugloff (Better Homes And Garden Metrobrokers) — Wed, 30 Jan 2008 12:33:13 -0500

FANTASTIC EAST COBB LOCATION. CLOSE TO 75 AND SHOPPING. WHEELER SCHOOL DISTRICT BRAND NEW ROOF. WALING DISTANCE FROM ROSWELL ROAD. SELLERS ARE MOTIVATED AND PRICE HAVE BEEN JUST REDUCED FROM $159,900 TO $154,900. PLEASE CALL FIRST AS THE OWNER WORKS NIGHTS AND SLEEPS DURING THE DAY.

Exterior	Deck, Satellite Dish
Construction	Brick & Frame
Lot Desc	Cul-De-Sac, Private Backyard
Parking	1 Car Garage, Attached, Kitchen Level
Pool	No Swimming Pool
Neighborhood	Cable TV Avail, Home Owners Assoc, Sidewalk

FMLS# 3609455
$154,900

2281 COLLINWORTH DR
Marietta, GA 30062
Cobb County
Built In: 1985

Type: Residential
Style: Ranch

2 Bedroom(s)
2 Full Bath(s)
Lot: LESS THAN 1/3 ACRE

Instructions on how to add Blog Rush to your Blog window.

Kris Zugloff (Better Homes And Garden Metrobrokers) — Tue, 29 Jan 2008 23:54:15 -0500

Blog Rush is free Networking Application that appears on the right of your blog and this way you show other Realtor's blogs and they show yours. It is another way to get more hits on your blog.

Bellow are the instructions on how to add it:

1. Go to Blog Rush Website and watch the video then click the "Register" button.

2. After your registration copy the HTML code;

3. Go to "My Home" on your Active Rain page;

4. On the left, click on "My Settings";

5. Paste the HTML code into your blog description;

6. Click "Update";

7. You are done!

It takes up to 48 hours for the code to get veryfied and then you are in business.

WiMAX coming soon to a city near you!

Kris Zugloff (Better Homes And Garden Metrobrokers) — Tue, 29 Jan 2008 13:43:21 -0500

WiMAX coming soon to a city near you Have you heard about the new high-speed Internet option coming to a few U.S. cities in the next 90 days? People in Washington D.C., Chicago and Baltimore will be the first to have access to WiMAX. This new technology sends out a blanket high-speed Internet signal that covers an entire metro area. The cable and phone companies' shared monopoly may soon come to an end. Over the next year or so, roughly 2/3 of the U.S. will have WiMAX access -- barring any tech problems on rollout. But this is not vaporware. WiMAX has already been a huge success in South Korea. Clark's beloved Eee PC is one of the first devices available with WiMAX capability built into it. This coming technology will be a real game changer and may soon alleviate iPhone users' complaints about slow surfing speeds.

WiMAX is a Sprint effort, and it's unfortunate that the company's bad customer-service reputation is taking away from its credibility with this new development. Clearwire is planning to migrate to WiMAX soon. The way you think about Internet today is going to be so different in the near future. Clark wants to emphasize that this is the real deal -- not just something for techies. The pressure WiMAX is going to put on monopolies is intense and will force lower prices and a better user experience. Our Internet experience will catch up (finally!) to that of the Third World countries!

This is from Clark Howard web site but I figured I share it since it will be really cool to search listing while on the road with high speed connection.

Cobb County Homestead Exemption 2008

Kris Zugloff (Better Homes And Garden Metrobrokers) — Mon, 28 Jan 2008 19:50:53 -0500

Applications available for homestead exemption

Homeowners have until Saturday, March 1, to apply for a homestead exemption for this tax year. Applications must be received or U.S. postmarked (a metered postmark is not accepted as proof of timely mailing) by March 1 to receive the benefit of the exemption for that year. Homeowners must apply for all exemptions for which they are eligible; thereafter, exemptions are automatically renewed each year unless there is a change in ownership or eligibility requirements are no longer met. It is not necessary to reapply if the home has been refinanced. The applicant's name must appear on the deed and the applicant must occupy the property in order to qualify. Homeowners may apply for homestead exemptions by mail. Most new property owners will receive an application by mail at the first of the year. Application forms and information are available at http://www.cobbtax.org/, or can be requested by calling 770-528-8600.

Home Buyer Checklist in Atlanta GA | Marietta Foreclosures | How to buy a home?| First time Homebuyer

Kris Zugloff (Better Homes And Garden Metrobrokers) — Fri, 25 Jan 2008 02:42:03 -0500

Whether your dream home is new construction or an existing home, buying foreclosures, REO, HUD or you are first time homebuyer you will want to know what to look for as you begin your home search. You will need a checklist for buying a home to serve as your road-map with criteria for buying a home.

Check out the list below and how your buyers agent will help you conduct a home search, negotiate, and close on your new home. An buyer agent can help you with the process of buying a home while representing your best interests throughout the purchase process.

Use the home buyer checklist below to prevent errors and to stay on track:

Get pre-approved for a mortgage. Monthly Payments Calculator
Credit report, FICO score, type of mortgage, shop for best rates and programs.
Determine your wants and needs
Style of home, size, price, location.
Seek out an exclusive buyer's agent
Compare the services of different agents and look for good personal chemistry.
Search for homes in the MLS , For Sale By Owner (FSBO) and Foreclosure List for your County.
Check out the neighborhoods, schools, crime rate, traffic, zoning, and work commutes.
Rely on your exclusive buyer's agent's expertise and in-company resources. Check the web for helpful information.
Do the due diligence and research on your property of interest
Visit or have your agent visit the town or city hall to learn of any zoning changes, liens, easements, or other restrictions.
Prepare the offer and negotiate
Have your buyer's agent prepare a property value study and ask the seller if there are any other offers and his motivation for selling, deadlines, etc.
Conduct the home inspections and other inspections
Take advantage of the inspection contingencies in your offer and get thorough inspections to eliminate any surprises after you move in to your new home.
Final negotiations and sign the Purchase and Sale Agreement
Use the inspection report to re-negotiate, if necessary and sign the Purchase and Sale Agreement after review.
Walk-through inspection prior to Closing
Visit your new home before you sit down at the closing table to make sure everything is as you expect it to be.
Closing

You many find that you need to add some steps, based on your special situation (such as buying luxury real estate or foreclosure homes), to create a customized home buying checklist for yourself. Your Buyer's Agent can also help you find the right home loan for your needs. For more information please contact Kris Zugloff at : kznet@comcast.net or www.yougohome.com

Buyers Questions on a post card

Kris Zugloff (Better Homes And Garden Metrobrokers) — Thu, 24 Jan 2008 19:46:24 -0500

Please Email it to: kznet@comcast.net
OR
FAX back to: (770)-509-3100
ATT. KRIS ZUGLOFF

Your Name: (Required)

" Your Logo Here "

Your Email Address: (Required)

Your Street Address: (Required)

City: (Required)

State: (Required)

Zip: (Required)

Phone: (Required)

Fax:

When Do You Want To Move?

How Long Have You Been Looking?

Are You Currently Working With An Agent?

Yes No

Where Would You Like To Live?

What Is Your Price Range?

Have you seen a loan officer about financing:

Number Of Bedrooms:

Number Of Bathrooms:

How Many Square Feet?

How Do You Want Us To Contact You?

Describe Your Perfect Home For Us:

---------------------------------------------------------------------------------------------------------------------------
Note: I like it because I use to send the cards with something on the front anyway. On the back there was only my contact information... then I figured I can use the space and hit two birds with one stone. You can do questions for sellers, neighborhood statistics, etc.

COBB COUNTY Useful Phone Numbers

Kris Zugloff (Better Homes And Garden Metrobrokers) — Thu, 24 Jan 2008 19:27:50 -0500

COBB COUNTY Useful Phone Numbers

Kris Zugloff 404-579-5889

Attractions

Arts & Cultural Affairs

770-528-8800

Cobb Convention & Visitors Bureau

678-303-2622

Parks & Recreation

770-528-8800

Government Services

Animal Control

770-499-4136

Auto Emission Inspections

800-449-2471

Auto Tags

770-528-4020

Better Business Bureau

404-688-4910

Board of Health

770-514-2300

Business License - Cobb County

770-528-8410

Cobb Community Transit (CCT)

770-427-4444

Cobb County Government

770-528-3305

Cobb County State Court

770-528-1761

Department of Sanitation

770-794-5595

Drivers License Office

770-528-3251

Georgia Department of Labor

770-528-6100

Landfill

770-528-2500

Recycling

770-528-1135

Senior Services

770-528-5355

Social Security Office

800-772-1213

Solid Waste

770-528-2500

Hospitals

Children's Healthcare of Atlanta

404-785-7312

Emory Adventist Hospital

770-434-0710

Northside Hospital

404-851-8000

WellStar Cobb Hospital

770-732-4000

WellStar Kennestone Hospital

770-793-5000

WellStar Windy Hill Hospital

770-644-1000

Newspapers

Atlanta Journal & Constitution

404-522-4141

Marietta Daily Journal

770-428-9411

Politics

Democratic Party Headquarters

404-885-1998

Republican Party Headquarters

404-257-5559

Voter Registration

770-528-2300

Real Estate Information

Cobb Association of Realtors

770-422-3900

Home Builders Association

770-938-9900

School System

Cobb County Schools

770-426-3300

Marietta City Schools

770-422-3500

Tax Information

Georgia Income Tax

404-656-4071

IRS

800-829-3676

Property Tax

770-528-8605

Utilities

Cable TV

Comcast

404-266-2278

Charter Communications

770-333-6400

Electricity

Acworth Power

770-917-8903

Cobb EMC

770-429-2100

Georgia Power

888-660-5890

Greystone Power Corporation

770-942-6576

Marietta Power

770-794-5150

Gas

Atlanta Gas Light

877-427-2464

Austell Gas Systems

770-948-1841

Georgia Natural Gas

888-442-7489

Telephone

AT&T

404-810-8070

BellSouth

770-780-2355

Water

City of Austell

770-944-4300

City of Kennesaw

770-424-8274

City of Powder Springs

770-943-1666

City of Smyrna

770-434-6600

Cobb County Water System

770-423-1000

Marietta Water

770-794-5100

Waste Disposal*

BFI Waste Systems

404-792-2660

Consolidated Disposal Systems

404-696-1530

Hamby's Commercial Waste

770-439-1448

Q Care International

770-953-2011

United Waste Service

678-945-8072

Waste Management/Atlanta

404-799-1047