Foreclosure: Georgia Quick Facts - 01/31/10 01:41 PM
Today, we are just three days away from the darkest day of many Georgia home owners lives.
On the first Tuesday of each month, people gather at area Georgia courthouses to bid on other people's foreclosed homes.  It can be a great day for the bargain-hunting buyer, but a bleak day for the person losing their real estate investment and their home sweet home. 
Here are a few quick facts about the Georgia foreclosure process leading up to this sad day:
-  Judicial Foreclosure Available: Yes, BUT... the vast majority of Georgia foreclosures are non-judicial, due to the "power of sale … (1 comments)

SafeGuard Your Georgia Neighborhood Against Blight. - 01/29/10 07:17 PM
If ever there was a time to talk to our friends and neighbors about the condition of our communities, it's NOW.
Back in the fall, Moody's economy.com web site forecast that by this June 12.7m American homeowners will be underwater in their mortgages. That's a quarter of all homeowners who have mortgages.

Frankly, it would not surprise me to know that this estimate has already been surpassed in Georgia, and in the metro Atlanta area in praticular. Most of our neighborhoods and real estate markets are short sale- and REO-driven and have been for the past year.
Owners in this … (4 comments)

New Short Sale Guidelines Encourage Specialists - 01/22/10 06:27 AM
If a real estate agent does not yet know how to manage the intricacies of the short sale, it's time they  learned. These tricky transactions are going to be a major part of our industry for a while yet. In the metro Atlanta market, short sales easily comprise 25-30% of all current listings.
As we short sale specialists continue to anticipate the institution of the new Home Affordable Foreclosure Alternatives(HAFA) program's short sale guidelines, I am encouraged on five important points:
(1) No more commission cuts! Participating lenders will no longer be permitted subsidize their own contractors by grabbing a portion of the agents' commissions. The "new … (45 comments)

Will 2nd Lien Holders Still Choose to Derail the Short Sale? - 01/21/10 06:34 AM
I don't know about you, but most of the short sale specialists I've talked to were pretty excited last May, when the Obama administration first hinted about its new guidelines for streamlining the short sale process. But the guidelines got sidelined by legal issues for months, until finally in December the long-awaited "new rules" were finally issued.
The new program, which is scheduled to begin this spring, will provide incentives for loan servicers and homeowners to engage in short sales when borrowers who are eligible for the Home Affordable Modification Program (HAMP) don't qualify for a loan mod.
But it remains to be seen just … (8 comments)

Posh Suburban Short Sale in Henry County GA - 01/03/10 12:18 AM
Upscale Henry County Short Sale … (2 comments)

Easy Henry County Short Sale - Hampton, GA - 01/02/10 01:43 PM
… (0 comments)

 
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Elva Branson-Lee, CDPE - South and East Metro ATL - Short Sales

Best Atlanta Short Sales

Ellenwood, GA

More about me…

Solid Source Realty GA

Address: 772 Pointe South Pkwy, Jonesboro, GA, 30238

Office Phone: (770) 475-1130 x 8988

Cell Phone: (678) 855-5238

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Author Bio: Elva Branson-Lee, CDPE, CIAS, IMSD, is the Executive Team Leader of the Best Atlanta Short Sales Team, Atlanta's premier short sales specialists. She is also the author of "Avoid Georgia Foreclosure."



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