Why Does PMI not pay off the Short Sale - 06/30/09 10:50 AM
The Problem of PMI and Short Sales
A lot of short sale investors become very confused as soon as PMI is mentioned. PMI or Private Mortgage Insurance is that monthly fee many homeowners pay each and every month for what appears like no apparent reason (in their opinion). Of course, there was a reason for it and if you are contemplating a short sale deal, that reason was a valid concern. PMI was created for the express purpose of insuring against default by home buyers that didn't put at least 20 percent down when purchasing a home. The idea was simple … (2 comments)
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Are Short Sales Helping or Hurting the Current Market - 06/30/09 10:24 AM
Slow approval process for short sales hampers housing rebound
Experts believe that the current level of housing inventory has to come down for the industry to get into a phase of sustained recovery. Short sale transactions offer a win-win-win situation to buyers, sellers, and lenders, and help clear the housing inventory available for sale. While short sales have risen in the last year or so, experts believe that banks are still not fully prepared to approve the transactions in a timely manner. Rick Shargo, vice president of marketing at RealtyTrac, said: "Interminable delays of six weeks to three months are not … (1 comments)
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The Protecting Tenants at Foreclosure Act of 2009 - Who is a "Tennant" - 06/29/09 09:59 PM
The occupant at the time of the foreclosure sale is a "bona fide tenant" of the former owner with a fixed term lease:
The new laws only pertain to bona fide tenants as defined by the Act. A bona fide tenant of the
previous owner is someone who entered into a lease agreement before the Notice of Foreclosure
was recorded, the lease was negotiated at "arms-length," and the rent is not "substantially" lower
than the fair market rent for the property (unless reduced because of a subsidy). However, if the
tenants are the child, spouse or parent of the … (2 comments)
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Protection for Renter of Foreclosure Homes - 06/29/09 09:45 PM
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Consumer confidence rises to its highest level in over a year - 06/29/09 09:30 PM
Consumer confidence rises to its highest level in over a year
The Reuters/University of Michigan Surveys of Consumers are monthly surveys which provide a gauge of consumer anticipation of changes in the economic environment. According to the latest survey results, the Index of Consumer Sentiment (ICS) rose from a reading of 68.7 in May to a 70.8 in June; this equals the reading in February 2008. The Index of Consumer Expectations, which is a sub-index of ICS, moved lower to 69.2 in June from 69.4 in May. "Over the past four months, sentiment has improved moderately, suggesting that consumers' attitudes about … (1 comments)
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I Phones to go Silent at 5:11 as a Tribute to Michael Jackson - 06/26/09 09:48 AM
I just heard this -- I Phones to go Silent at 5:11 as a Tribute to Michael Jackson - To mark the passing of the King Of Pop IPhones will go silent today in a moment of silence to honor the Man and the Music that is Michael Jackson.
In this age of instant news and world wide coverage one statement made by anyone can spread like wild fire unchecked and uncontrolled.Once posted there is no taking it back no editing it no do overs it's out therefor ever and ever only to be added to but never taken away from. … (6 comments)
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MENS EYES ONLY -- SORRY LADIES - 06/25/09 08:20 PM
OK men be honest which when are you A) Had one and worshiped it daily B) Worshiped my brothers C) Had one but my mother took it away. Now Be honest which is it ..
I am hoping they re issue the poster now as a fund raiser for cancer research -- I bet it be a million dollar sell out
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A timeline of Michael Jackson's life and work - 06/25/09 08:08 PM
Michael was such a part of my life .. Every Year of My Life is marked with a song by Michael
EARLY YEARS
1958: Born Aug. 29 in Gary, Ind. He is the seventh child of Joseph and Katherine Esther Jackson.
1969: In Los Angeles, the Jackson 5 debut as Motown's newest act.
In December, the group's single "I Want You Back" hits No. 1 on the Billboard Top 40 Chart.
1970: Jackson 5 hits "ABC, "The Love You Save" and "I'll Be There" all reach No. 1 on Billboard charts.
1972: First No. 1 solo hit "Ben," a song … (6 comments)
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4-Sided Brick Ranch. Over 1/2 Acre lot w/ fenced backyard. Stone Mountain, GA - 06/23/09 09:30 PM
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Bank Owned Foreclosure. 4 bed 3 bath. Formal dining, living, family, and bonus rooms. - 06/23/09 09:25 PM
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Georgia Leads the Country in Bank Closings - 06/23/09 09:17 PM
Number of bank failures this year: 40 and counting
Last week, regulators closed three banks, bringing the number of bank failures to 40 so far this year. Cooperative Bank of Wilmington, North Carolina, with $970 million in assets and $774 million in deposits; Southern Community Bank of Fayetteville, Georgia, with $377 million in assets and $307 million in deposits, and First National Bank of Anthony, with $156.9 million in assets and $142.5 million in deposits were closed last week. The Federal Deposit Insurance Corporation (FDIC), which insures up to $250,000 per account at member institutions, will take a hit of over … (1 comments)
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ECHO BOOMERS to save the market - 06/23/09 09:11 PM
Despite the current slump, the long-term prospects for the housing industry are not bleak, according to the "The State of the Nation's Housing 2009" report, released by Harvard University's Joint Center for Housing Studies (JCHS). The report details factors such as unemployment and the credit crisis leading to problems in the sector. Home equity is positively correlated with consumer spending, and plunging home values have pulled down consumer spending and economic growth in the last couple of years. Analysts say that the current recession provides a painful but a much needed correction to the housing market.
But is there a … (0 comments)
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Existing-home sales rise for the second straight month - 06/23/09 09:04 PM
Existing-home sales rise for the second straight month
According to the National Association of Realtors (NAR), sale of existing-homes rose to a seasonally adjusted annual rate of 4.77 million units in May, denoting a rise of 2.4% over the April figure. This is the second straight month of increase in sale of existing-homes, due to a plentiful supply of homes and availability of attractive mortgage rates. According to NAR, this is the first back-to-back rise since August and September 2005. "While sales may not have yet reached an absolute bottom, clearly a bottoming process is underway," said Wachovia, a financial services … (0 comments)
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Custom Built Luxury. Over 8700 sq ft main dwelling with completed 3176 sq ft terrace level - 06/20/09 07:23 PM
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Beautifully remodeled, contemporary ranch with full guest house. - 06/20/09 07:19 PM
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Prestigious Doublegate 5BR/4.5BA Single Family House - 06/20/09 07:14 PM
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Tips for Avoiding Foreclosure - 06/19/09 09:41 PM
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Tips for Showing Your Home - 06/19/09 09:37 PM
Tips for Showing Your Home
•1. KEEP YOUR HOME SPARKLING CLEAN. This is the single most important thing you can do to improve a potential buyer's impression of your home. A clean home not only is esthetically pleasing, but also creates the impression that you have taken pride in your home and therefore have kept it properly maintained. Make sure that all tubs, toilets, and counter tops are clean. Empty the dishwasher and sink. Keep the floors clean. Put laundry up or in the washer or dryer.
•2. ELIMINATE ODORS. Do not smoke in your house, including your garage or … (1 comments)
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Troubled Asset Relief Program (TARP) - No Thank You - 06/19/09 08:39 PM
Ten banks repay TARP funds
Banks have received over $700 billion under the Troubled Asset Relief Program (TARP) so far. Consequent to the government allowing 10 banks to return TRAP funds last week, those banks have started repaying TARP funds, indicating that they are strong enough to remain without bailout funds. JPMorgan Chase has repaid $25 billion, while Goldman Sachs and Morgan Stanley have repaid $10 billion each. Other banks which have made the repayment include U.S. Bancorp, Capital One, American Express, BB&T, Bank of New York Mellon, State Street, and Northern Trust. In total, banks have repaid $68 billion so … (0 comments)
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Foreclosures from HOAs growing - 06/19/09 08:35 PM
Homeowners' association can foreclose homes for nonpayment of dues
Have you been making timely payments to your homeowner association? If no, you may lose your home. There are more than 59 million people living in over 300,000 association-governed communities nationwide. Homeowner associations typically have the foreclosure clause in the purchase agreement signed by homeowners. Many associations have mandated external agencies to collect dues from homeowners, and collection agencies say they go about doing their job in a professional manner. Andrew Schlegel, executive vice president for Merit Property Management, which manages more than 140,000 community homes in California, said: "No one wants … (0 comments)
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Current Foreclosure / Short Sale offered by Renaissance Realty Group - 06/18/09 08:49 AM
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Goal Setting to Win -- keep it real - 06/17/09 09:45 AM
This time of year (mid year - summer vacation) is when most of us start to feel a little worn out and those goals we set early on seem to far out of each so we try and talk our self into giving up and calling for a "do over". Well don't give up .. stop look and listen .. the market has changed from the first of the year so maybe your goals and the steps to getting there may need ADJUSTMENTS but what ever you do no don't give up and go home.
This article by Max Berry … (4 comments)
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Those People at Google did it to me again.... did you notice - 06/17/09 08:41 AM
Did you notice today's Google image ? Every so often I stop and hover on the Google image of the day and you be amazed at what pops up as today's image..
Now you tell ,me what does this image celabrate ?
Hint
Click Here
I think this may become a regular thing
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Custom Built Luxury. Over 8700 sq ft main dwelling with completed 3176 sq ft terrace level. - 06/16/09 06:13 PM
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Short Sale Tips - 06/13/09 03:01 PM
Short Sale Tips
Patience!!!!!! Short sales take time. Due Diligence - Inspect, Research, Inspect! Seller = You need someone familiar with the banks and their processes! Buyer = You need someone familiar with the banks and their processes! Great deals go fast! Time is of the essence. Most Short Sales & REO's require repair work! Research, pull the comps, factor in repairs. Most Important work with a FULL TIME Realtor that know the REO / Short Sale market inside and out
Call me if you need help with a Short Sale Sale or Purchase or Working with REO properties
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Gwinnett County REO / Foreclosure Report - New Listing in the Past 7 days - 06/13/09 02:36 PM
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Suwanee Ga Open House Tour For Sunday June 14th - 06/13/09 02:08 PM
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Duluth GA Open Houses For Sunday June 14th - 06/13/09 02:05 PM
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Lawrenceville GA Open Houses For Sunday June 14th - 06/13/09 02:02 PM
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$1,800 Tax Credit Available for Georgia Homebuyers - 06/11/09 03:44 PM
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HUD Announces Guidance on FHA Loans for First-Time Home Buyer Tax Credit - 06/11/09 03:40 PM
HUD Announces Guidance on FHA Loans for First-Time Home Buyer Tax Credit05/29/2009
Consumers across the country can now take advantage of a Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home. FHA will now permit its lenders to provide a short-term bridge loan that will let qualified home buyers use the tax credit to either make a larger down payment above the FHA required 3.5 percent, cover closing costs or buy down their interest rate. The details of the program were announced Friday in Mortgagee Letter 2009-15. Mortgage industry leaders have … (1 comments)
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Will the Fed hike interest rates? - 06/10/09 10:03 PM
Will the Fed hike interest rates?
Given the economic downturn, an interest rate hike by the Federal Reserve (Fed) was unthinkable even a few weeks ago. But with yields on treasury bonds surging in the recent past, one wonders if the market is pricing a potential interest rate hike ahead of time. According to some economists, the lower than expected job loss in May is an indication that the economy is coming out of recession and a change in Fed's outlook is quite likely. "If the Fed is likely to tighten it could mean that growth outlook, profit outlook has gotten … (0 comments)
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Housing inventory drops in May.. could this be the bottom ? - 06/10/09 10:00 PM
The supply of homes available for sale in 28 major metropolitan areas dropped 3.9% in May from April. The data published include condominiums, single-family homes, and town houses listed on local multiple-listing services. The inventory in May dropped 24% year-over-year. The figures compiled may not be presenting the exact level of supply since half of foreclosed homes are not included on multiple-listing services at any given time on account of such homes awaiting repairs or being subject to litigation. Thomas Lawler, a housing economist, says the decline in housing inventory indicates "that home prices in many parts of the country could … (2 comments)
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6875 White Walnut Way, Braselton, GA Bank Owned Foreclosure - 06/10/09 09:35 PM
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1702 Branch Creek Cove NE Lawrenceville, Georgia ONLY $197,500 - 06/10/09 03:39 PM
JUST LISTED FMLS # 3916204 GaMLS #02687954 4 Bed - 3 Bath on 0.78 acre cul de sac lot. 1702 Branch Creek Cove NE Lawrenceville, Georgia ONLY $197,500 … (1 comments)
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2009 Tax Credit for First Time Home Buyers - 06/10/09 08:50 AM
According to the new legislation, a first time home buyer is defined as someone who has not owned a principle residence in the past three years. Those three years are counted up to the date you take possession of the house you buy in 2009. This means that even if you've owned a home in the past, you can still take advantage of the tax credit as long as you haven't purchased a primary residence since 2006.The same goes for married tax payers - they must both be first time home buyers. For non-married joint buyers, only one of them needs to … (0 comments)
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Prepare Your House For Sale - 06/06/09 09:37 PM
Disassociate Yourself With Your Home. Say to yourself, "This is not my home; it is a house -- a product to be sold much like a box of cereal on the grocery store shelf. Make the mental decision to "let go" of your emotions and focus on the fact that soon this house will no longer be yours. Picture yourself handing over the keys and envelopes containing appliance warranties to the new owners! Say goodbye to every room. Don't look backwards -- look toward the future. De-Personalize.Pack up those personal photographs and family heirlooms. Buyers can't see past personal artifacts, and … (3 comments)
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Steps to Buying a Home - 06/06/09 09:29 PM
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Home Staging Tips - 06/06/09 09:20 PM
Home Staging Tips
Studies have shown that most buyers make a decision about a house within 15 seconds of walking in the door. Many other buyers make a decision without ever getting out of their car. The message here is that first impressions are very, very important when selling a home.
Home Staging Tips for the Outside of Your Home
The feeling that people get about the house from the street is called "curb appeal" and there are many home staging tips to improve it.
1) Eliminate any and all clutter. Trim back overgrown bushes, and generally do a … (0 comments)
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Luxury Foreclosure! 6 Bed 6 Bath. Full Daylight Basment w/ 4-sided - 06/06/09 09:15 PM
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Pre Foreclosure Reducation. Only 3 years old, 4 bed 2.5 bath. - 06/06/09 09:11 PM
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This Week Around Gwinnett - Business Networking and More - 06/06/09 11:06 AM
Gwinnett Manufacturer's Appreciation BreakfastJune 9, 7:30 to 9 a.m.
Each year, the state of Georgia holds Manufacturing Appreciation Week (MAW). Please join us as we honor our local manufacturing companies! Meets at Gwinnett Tech's Busbee Center.
North Gwinnett Business AssociationJune 8, 5:30 to 7:30 p.m.
Location TBA. Contact: Bob Lamp'l at 770-822-2322.
Buford Business AllianceJune 9, 5:30 p.m.
"Biz Afterhours" opportunity to meet, mingle and network with like-minded business people and community leaders. Meets at a Buford area business. Contact: Tim Koenning at 678-778-7945.
Braselton Business AssociationJune 9, 8 a.m.
Meets at the Braselton Community Center, in the basement of the … (1 comments)
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The Crepe Myrtle City -- Were is it ? - 06/06/09 10:57 AM
City of Lawrenceville, GeorgiaThe Crepe Myrtle City
The City of Lawrenceville, Georgia is located in Gwinnett County, Georgia, just a few miles northeast of Atlanta. Lawrenceville is the county seat of Gwinnett County and serves as the home of the Gwinnett County government.According to 2000 US Census figures, Lawrenceville has a population of 22,397 and covers a land area of 13.05 square miles.
If your looking to buy a home in what I think is the best biggest little home town
Call me today I be happy to show you why I call Lawrenceville home
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Farmer's Markets in Georgia in amd Around Metro Atlanta. - 06/06/09 10:52 AM
Looking for a true farmer's market in Georgia? That's one where more than one farmer shows up with his bulk produce to sell direction! They're rare these days and many grocery stores (like Harry's and Whole Foods) are labeling themselves as "farmer's markets" and simply masquerading!) Here's the real list of farmer's markets in Georgia! And if you know of one I missed and want to add it or correct the information, please let me know!
Atlanta area
Atlanta State Farmers Market16 Forest Pkwy, Forest Park, GA 30297. Phone: (404) 675-1782. Email: mharris@agr.state.ga.us (Mike Harris). Directions: Map and directions. This … (0 comments)
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Foreclosures and delinquencies continue to rise. We can Help - 06/01/09 02:12 PM
Foreclosures and delinquencies continue to rise. According to data released by the Mortgage Bankers Association (MBA), foreclosures rose 0.29% in the first quarter of 2009 over the last quarter of 2008. After adjusting for seasonal factors, the delinquency rate rose 1.24% from the last quarter of 2008, to 9.12% of all loans outstanding as of the end of the first quarter. The current delinquency rate, which includes loans that have at least one payment past due, is the highest in the last 36 years. The combined percentage of loans in foreclosure and at least one payment past due, was 12.07% on … (2 comments)
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Unserstanding the Home Buyer Tax Credit - 06/01/09 01:58 PM
Understanding all the new tax credits and buyer bonus can be a challenge for nay buy but understanding the Department of Housing and Urban Development a policy change which will provide the tax credit up-front is a key to getting that win win deal. According to the new policy, borrowers who avail mortgages from Federal Housing Administration (FHA) approved lenders can get advances from lenders in order to meet costs associated with home purchase.
This will enable borrowers to receive the tax credit in advance, so they don't have to wait to get the money from the IRS. However, the advance from … (0 comments)
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