short sales: Where's The Homes For Sale In Atlanta? - 03/12/12 02:25 PM
Where's The Homes For Sale In Atlanta?
You might not have noticed this if you've already narrowed your search to a city or suburb. However, if you're still looking at Atlanta Homes for sale, then you might be a bit frustrated. The picture on the left shows every home with at least 3 bedrooms and 2 bathrooms listed for sale priced at under $100,000 (Do the same Atlanta Search we did). We did eliminate about 90 Atlanta short sales that were obviously being mis-represented (no photo, poor pricing, poor descriptions).
What we found so stricking was that there were hardly … (0 comments)
|
short sales: River Club Short Sale Closes Without Deficiency! - 02/29/12 10:11 AM
River Club Short Sale Closes Without Deficiency!
The Jarvis Team just closed one of our short sales in the River Club in Suwanee (This is the most expensive and luxurious neighborhood in Gwinnett County by far). This short sale was a Suntrust mortgage and although it took a few months and we went through 2 buyers, this River Club short sale was closed and the owner didn't have a deficiency. Meaning they didn't have to pay Suntrust back anything. The debt was, of course, forgiven.
I was excited to share this story with you because so often we hear stories about … (0 comments)
|
short sales: New Short Sale Timelines - 02/22/12 08:27 AM
New Short Sale Timelines
I was working on a resource guide for our buyer's agents and buyers of our short sale alike and wanting to give them some more specifics than just the usual 60 days and get into some bank specifics. After reviewing our data from doing Atlanta Short Sales, I was very impressed to see that Timelines have sped up significantly!
I was pretty impressed that Citi Short Sales got even better! Suntrust also made huge improvements!
Citi Short Sales - Less than 30 days in most cases. Our last one was 6 days! Wells Fargo Short Sales - … (2 comments)
|
short sales: Best Buy of The Week is My Listing! - 02/01/12 02:44 PM
I've started a best real estate buy list and e-mail my clients every week about what's the best deal on the market. This week, I actually think out of all the Lawrenceville homes for sale, my listing is the best deal!! This home pictures located at 981 Sunhill Court, features 5 bedrooms, 3.5 baths, a full finished basements, updated "amenities" and hardwoods throughout. What you might not know is that it features one of the nicest, largest, most private backyards I've ever seen, period. All of this on a cul-de-sac lot inside swim and tennis community located right off of HWY … (0 comments)
|
short sales: Suwanee Short Sale Approved In The River Club - 01/23/12 08:01 PM
Suwanee Short Sale Approved In The River Club
If you're shopping for River Club homes in Suwanee Real Estate then you owe it to yourself to take a look at this home located at 902 Little Lost Landing. This home was approved for a short sale price of $910,000 after several offers. Unfortunately, we're at the end and need to sell this home for what amount almost EXACTLY %50 of what was purchased for. This of course excludes the upgrades the owner has put into the home.
This short sale is approved, only has one loan and we can get a … (1 comments)
|
short sales: What Is A Deal Breaker For Short Sales? - 01/23/12 04:36 PM
What Is A Deal Breaker For Short Sales?
It happens all the time around the real estate water cooler, agents talking about how much they hate short sales and why they won't take them. It's a shame too, because there are agents out there on the other end of the spectrum that are taking short sale listings when they shouldn't, especially those that claim to have some sort of certification that they simply bought so they could say it.
Still, a good short sale specialist will have a qualification list of what short sales they will take. Here's our list … (1 comments)
|
short sales: Money For Short Sales? - 01/20/12 04:14 PM
Bank of America just announced support for several programs and an encouragement for homeowners, if you are a home owner facing foreclosure and your bank is Bank of America, it's time to do a Bank of America Short Sale.
Start now. It could mean up to $3,000 in relocation assistance for short sale clients serviced by Bank of America. Bank of America has worked with their own guidelines to develop short sale programs in which details of the sale are agreed upon before listing the home. Agreeing to these terms early creates transparency and speeds up the process. The … (1 comments)
|
short sales: New Bank Of America Short Sale Resource - 01/13/12 04:48 PM
New Bank Of America Short Sale Resource
We're pleased to announce that we have just started our original in a a number of of many more to follow, resource pages for short sale sellers. The first bank up is Bank of America short sales and aims to be the "end all be all" for Atlanta Short Sale clients. It's an amazing collection of information all the way from contact information to timeline expectations. We plan to create a page like this one for each bank we currently work with. It's critical to note that this information is specifically for GA Home … (3 comments)
|
short sales: Half Off Sugraloaf Country Club? - 01/12/12 05:39 PM
Half Off Sugraloaf Country Club?
Ok, so the Sugarloaf Country Club homes are literally priced at 50% off, but in many cases as you look through the short sales and foreclosures in the neighborhood, there are many that are half or even a small bit more in some cases less than what the home was purchased for. This is true of other neighborhoods like the River Club but Sugarloaf simply has more homes that are at the most deeply discounted they could possibly be. Now is the time to act on these homes if you were thinking of moving into this … (1 comments)
|
short sales: How much do I owe in taxes if I do a Short Sale? - 09/26/11 05:30 PM
How much do I owe in taxes if I do a Short Sale? The subject of taxes on a short sale come up almost as much as what is a short sale.
Short Sale taxes are to some extent problematic when opposed to the typical real estate transaction. First of all, if the home is the seller's primary residence and they sell it via short sale then they are exempt from taxes on it under the Debt Forgiveness act of 2008 (was extended). Therefore short sale taxes don't really come into play in this instance.
For investors or people who … (1 comments)
|
short sales: Successful Short Sale Closings In Atlanta - 02/05/10 08:57 AM
We've been so busy with short sales and stopping foreclosure we forgot to share our successes in November, December and January 2010!
Here's the homes, and the banks that we closed in just these three months!
For those out there working with short sales, just keep your head up, you have to wait it out a few months and your "pipeline" is longer but the reward is great. You get to help homeowners avoid foreclosure and you get to feed your family. Not a bad way to do real estate.
Short Sale Homes Closed by the Jarvis Team from Nov 2009 … (6 comments)
|
short sales: Short Sale - New Year Recap Announcement - 01/05/10 08:25 AM
With the new year, comes new short sales. I thought I would share with you what we are seeing in the market place and hope that you might share with us so we can all grow.
HAFA is getting rolled out and if you don't know, be sure to read up on it. It'll likely streamline the Fannie Mae and Freddie Mac loans with some wrinkles, such as possibly having to wait for you clients to be denied a loan mod first. FHA Short Sale loans are still awesome to work with, but for Bank of America FHA Short Sales, … (5 comments)
|
short sales: There's A Biscuit Under There! - 08/10/09 09:06 PM
I've been working internet leads for over 7 Years. I can remember starting with HomeGain when sitting in front of computer was about all it took to talk to a live body. Who can forget Advance Access? Their templates are still the same! Whatever works for you, I guess.
A few months back there was a particular agent that came out and said that the "back to basics" message was dead. The "List to Last" mantra was tired. The Millionaire Real Estate Agent Model, Leads, Listings and Leverage... old hat. I wonder what that agent is doing now? Probably doing well … (8 comments)
|
short sales: Court Case Could Effect Short Sale Specialists - 07/07/09 07:49 PM
Recently a court case ruling about Administrative Fees (Busby v. JRHBW Realty, Inc, d/b/a RealtySouth) made me think, "Good for them!" I've never been a proponent of Admin Fees. They are junk fees after all. However, as a short sale specialist, I had to think about this a bit more.
In this case, the plaintiff won a class action law suit against RealtySouth for charging Admin Fees that were legally proven not to have done anything to help in the transaction. Short Sales can feel like the wild west and now some of the extra ways of collecting a full commission … (39 comments)
|
short sales: Short Sale Pros - Social Networking Site Is UP! - 06/17/09 05:01 AM
If you do a search for short sales you'll find every overnight guru and million dollar system that you could ever want. Everything from sweaty guys who wear oversized suits to cowboys. One thing you won't find is a resource site for REAL Estate Agents (and others). Even here on Active rain it's just people blogging and copying and pasting the information on their blog.
ShortSalePros - is a website created in the same vein as REOPRO - a site dedicated to the professionals working this market and trying to offer help. I won't be satisfied until you can go to … (5 comments)
|
short sales: Short Sale In Powder Springs - New Video Tech Too! - 04/22/09 07:15 PM
I've been creating videos of my short sales to help dispell the myth that short sales need work. This short sale in Powder Springs is a great example of a home that is move in ready. Also check out the cool video technology!
… (2 comments)
|
short sales: Don't Be A Hero, Low Ball That BPO! - Response to Ken Harney - 03/30/09 05:05 AM
In a recent article in the Washington Post, Ken Harney suggests that real estate agents are low balling BPOs to get listings. I won't even address this since the thought of a BPO agent getting a listing from a BPO is pretty silly. There ARE agents who have gotten listings from their BPOs but it was based on how professional and accurate they were and not usually based on them doing something to make the asset manager look like a hero.
In response, Kevin McGrath on Active Rain explains that low ball BPOs are exposed quickly, countering the notion that:
Online, … (85 comments)
|
short sales: Mortgage Rates at 4% - Not the cure - 02/06/09 06:23 AM
Sure 4% interest rates will cause even more people to refinance and it might even get people off the fence... but who is still on the fence when they could have had rates as low as 4.5%. Don't get me wrong a half point is significant, but I think we can all agree that the mortgage rates are low enough. I'd prefer to see more options and releasing of some of the restrictions. The pendulum has swung completely on the other side. People are stuck paying $1,500 a month in rent with good jobs but can't get a loan for some … (3 comments)
|
short sales: Conversations In Short Sales in Atlanta, GA - 01/27/09 08:46 PM
Short Sales seem to be the buzz word right now. Everyone and their brother has some experience with a short sale or do they?
I thought I'd do some fact finding and see what's going on. To be sure, I am in the Short Sale business now with Atlanta Short Sale Listings you can find all the homes in Atlanta Metro area.
You can read my conversation with another agent about prospecting (calling) for sale by owners that led to short sale revelations. I also spoke with Ann Urias and she said the key was getting the price right in the … (1 comments)
|
short sales: Why Short Sales Fail - 12/23/08 10:13 AM
After a year full of short sales and feeling totally fed up with them, I've come full circle. I'm loving short sales for the satisfaction I get, similar to a first time home buyer. I'm enjoying the negotiations and the process... at least on the listing side. If you have short sales you want to refer, call me!
Having completed several this year, I can tell you why some short sales fail. There are two main areas:
HUD STATEMENT
Closing times on short sales can be long. A big mistake agents make is estimating a 30 day close. Some short sales … (9 comments)
|
;)
;)
;)
