Tell us some of step you take to secure your cleints assets? Do you out source it to a contractor? Do you send someone on staff? Do simple hope for the best ;) What do you do that's been effective for your clients.

 

Get listed on a great website that can help you grow your business in your local market.

 

Visit them at www.mortgagefieldrep.com

 

Find jobs, create local presence, and get in front of more clients. You can get a list of 200 bank/asset management companies as a featured member.

 

As in most states, the basis for evicting a tenant in Georgia include:

 

  • Non-payment of rent,
  • Failure to surrender the premises at the end of the lease term, or
  • Breach of the lease, including any rules that are part of the lease, if the lease provides such breach entitles the landlord to terminate the lease.

The Georgia Eviction Process

Before contacting the court to initiate eviction proceedings, the landlord should read the lease and be familiar with its provisions and comply with its terms regarding notice and termination. Once the terms of the lease have been followed, Georgia law requires a landlord to go through court to remove a tenant.

First, before going to court, the landlord must demand that the tenant immediately give up possession and vacate.

 

demand is best made in writing. If the tenant refuses or fails to give up possession, the landlord or the landlord's agent or attorney must go to the magistrate court and file a dispossessory affidavit under oath. The affidavit states:
  • The name of the landlord,
  • The name of the tenant,
  • The grounds for the eviction,
  • Verifies that the landlord has demanded possession of the property and has been refused

  • The amount of rent or other money owed, if any.

The magistrate court will issue a summons to the sheriff where the property is located. There are three ways in which the summons can be served:

  • Delivered personally to the tenant at home;
  • If the tenant is not home, it will be delivered to an adult who resides at the home and understands the importance of the summons; or

  • The summons will be tacked on the door of the home and on the same day sent by first class mail to the tenant's address. This type of service is appropriate only if no one is at home when the sheriff attempts personal service.

The summons requires the tenant to answer either orally or in writing within seven (7) days from the date that the summons is served. If the seventh day is a Saturday, Sunday, or a legal holiday, the answer is required the next day that is not a Saturday, Sunday, or a legal holiday. The summons should indicate the last day to file an answer and the court in which the answer should be filed.

If the tenant fails to respond at the end of the seventh day, as listed on the summons, the lawsuit is in default. The court can then grant the landlord a writ of possession and the sheriff can remove the tenant immediately.

If the tenant answers the summons, a trial of the issues will be held in accordance with the procedures of the appropriate court. The tenant is allowed to remain in possession of the premises. The landlord may request that the court order the tenant to pay rent into the registry of the court. If payment is ordered, non-payment of rent into the registry could result in the court issuing a writ of possession and the tenant becoming subject to eviction.

Once an answer has been filed, and a hearing has been held, the court will issue its decision. If the court rules for the landlord, the tenant will be ordered to move after ten days and may be ordered to pay the past due rent. After July 1, 1998, a tenant has only seven (7) days to move.

If the dispossessory warrant was served by tack and mail, and the tenant did not file an answer, the court may not award rent or other damages to the landlord. The court can still order the tenant to move.

 

 

           WWW.LOCALEVICTIONS.NET

 

Georgia law requires a foreclosing lender to go through a judicial proceeding to remove a tenant unless the property is abandoned. To be considered abandoned, there must be no persons or personal affects on the property. Thus, even if the property is uninhabited, the presence of a few personal articles or possessions left behind, is enough to necessitate an eviction proceeding in Georgia.

Virtually all Deeds to Secure Debt or Security Deeds in Georgia contain a provision that makes a borrower (mortgagor) remaining in the property after a foreclosure sale a "tenant at sufferance". As such, the lender may make immediate demand for possession of the property. This demand is best made in writing, by certified or registered mail. Shortly thereafter, an Affidavit of Summons of Dispossessory is filed, usually with the magistrate court in the county in which the property is located. The affidavit states the names of the parties, the grounds for the eviction, verifies that possession of the property and has been demanded, etc. The magistrate court will issue a summons to the sheriff where the property is located. The summons can be served by personal delivery to the tenant, to another adult residing at the residence, or, if no one is home when the sheriff attempts service, by tacking it to the door and sending a copy by first class mail to the property address. Note that by employing "tack and mail" service you can remove the tenant from possession but you may jeopardize your right to get a money judgment against the tenant.

The summons requires the tenant to answer, either orally or in writing, within seven (7) days from the date that the summons is served. The last date for which an answer may be filed is customarily listed on the summons. If the tenant fails to answer, a writ of possession is issued instanter and delivered to the Sheriff within a matter of a few days. Upon receipt of the writ of possession, the sheriff will schedule a date and time for remove the tenant and his/her possessions from the property. Removal times vary by county and can range from a week to a few months. Although the Sheriff will be present to keep the peace at that time of removal, the lender must provide the labor for removal of the tenant's possessions. The tenant's possessions are typically taken to the curb in the front of the property and must remain there for 48 hours. Beyond this time, the possessions may be disposed of by the lender as it deems necessary.

If the tenant answers the summons, a trial of the issues will ensue within about two (2) weeks in most jurisdictions. The tenant can remain in possession of the premises while the matter is being litigated. The tenant may not raise issues regarding the validity of the foreclosure sale at the hearing. Should the Court rule against the tenant, he/she have seven (7) days to move. A judgment in a dispossessory case must be appealed within seven (7) days from the date the judgment is entered by the court.

 

 

 

REO managers face growing concerns over soaring foreclosure rates well over 50% that of last year. Due to the abundance of projected foreclosures, REO managers need to focus on volume management. The rising foreclosure market will result in deflated home prices, increased hold times and lower funds recaptured to the institution. However, the increased volume gives the REO manager more purchasing power allowing them to mitigate costs, as well as, cap cost overruns.

 

REO Asset Solutions(RAS), out of Atlanta, Georgia, is targeting those REO Managers with growing inventories overwhelmed dealing with vendors, subcontractors, all of which drive servicing costs affecting the bottom line. RAS has successfully demonstrated how volume pricing on field services can cut costs by close to 50%!           

 

Moreover, increased acquisition volume has allowed RAS to absorb losses, which gives the Lender or owner the ability to budget, as well as, put a ceiling on their field costs. RAS offers flat rate pricing on all field service items enabling discount pricing through volume enabling the Lender to focus on marketing the property and leaving the dirty work to RAS. Liability issues are also deferred as RAS provides the comprehensive coverage.

Ultimately volume dictates the fee, but savings are guaranteed.

 
City# ForeclosuresCounty
Atlanta Foreclosures 3,522 Fulton
Lawrenceville Foreclosures 805 Gwinnett
Decatur Foreclosures 645 Dekalb
Lithonia Foreclosures 558 Dekalb
Marietta Foreclosures 549 Cobb
Stone Mountain Foreclosures 539 Dekalb
Covington Foreclosures 476 Newton
Douglasville Foreclosures 415 Douglas
Jonesboro Foreclosures 360 Clayton
Riverdale Foreclosures 351 Clayton
Snellville Foreclosures 339 Gwinnett
Mcdonough Foreclosures 332 Henry
Macon Foreclosures 323 Bibb
Conyers Foreclosures 316 Rockdale
Dallas Foreclosures 301 Paulding
Savannah Foreclosures 289 Chatham
Alpharetta Foreclosures 288 Fulton
Norcross Foreclosures 278 Gwinnett
Ellenwood Foreclosures 261 Dekalb
Cumming Foreclosures 258 Forsyth
Buford Foreclosures 250 Gwinnett
Fairburn Foreclosures 247 Fulton
Acworth Foreclosures 241 Cobb
Augusta Foreclosures 241 Richmond
Gainesville Foreclosures 222 Hall
Loganville Foreclosures 212 Walton
Hampton Foreclosures 208 Henry
Woodstock Foreclosures 208 Cherokee
Duluth Foreclosures 203 Gwinnett
Winder Foreclosures 202 Barrow
Canton Foreclosures 199 Cherokee
Villa Rica Foreclosures 191 Carroll
Powder Springs Foreclosures 182 Cobb
Stockbridge Foreclosures 180 Henry
Columbus Foreclosures 178 Muscogee
Kennesaw Foreclosures 158 Cobb
Newnan Foreclosures 152 Coweta
Union City Foreclosures 152 Fulton
Dacula Foreclosures 147 Gwinnett
Dalton Foreclosures 145 Whitfield
Austell Foreclosures 144 Cobb
Lilburn Foreclosures 143 Gwinnett
Fayetteville Foreclosures 140 Fayette
Monroe Foreclosures 135 Walton
Carrollton Foreclosures 129 Carroll
Roswell Foreclosures 129 Fulton
Suwanee Foreclosures 129 Gwinnett
Smyrna Foreclosures 127 Cobb
Cartersville Foreclosures 124 Bartow
Griffin Foreclosures 123 Spalding
Mableton Foreclosures 122 Cobb
Locust Grove Foreclosures 106 Henry
Rex Foreclosures 104 Clayton
Warner Robins Foreclosures 103 Houston
Forest Park Foreclosures 101 Clayton
Ellijay Foreclosures 99 Gilmer
Temple Foreclosures 92 Carroll
Athens Foreclosures 91 Clarke
Rome Foreclosures 88 Floyd
Calhoun Foreclosures 83 Gordon
Flowery Branch Foreclosures 83 Hall
Jefferson Foreclosures 82 Jackson
Hiram Foreclosures 77 Paulding
Morrow Foreclosures 76 Clayton
Dawsonville Foreclosures 69 Dawson
Brunswick Foreclosures 68 Glynn
Hephzibah Foreclosures 66 Richmond
Auburn Foreclosures 62 Barrow
Grayson Foreclosures 60 Gwinnett
Jasper Foreclosures 60 Pickens
Tucker Foreclosures 60 Dekalb
Chatsworth Foreclosures 59 Murray
Ringgold Foreclosures 58 Catoosa
Hoschton Foreclosures 57 Jackson
Braselton Foreclosures 56 Jackson
Jackson Foreclosures 55 Butts
Albany Foreclosures 53 Dougherty
Lithia Springs Foreclosures 50 Douglas
Blairsville Foreclosures 48 Union
Valdosta Foreclosures 48 Lowndes
 
REO Asset Solutions provides a variety of mortgage field services for banks, lenders and real estate agents. Our emphasis is on minimizing your costs associated with properties that are in default, bank-owned or foreclosed. We do this by upholding strict standards for:
  • Reliability and Dependability
  • Fast Response
  • Dedication to Deadlines
  • Thorough and Meticulous Documentation and Photography
  • Complete and Timely Communication

 

 

 

 Inspection Services

•·         Residential and Commercial Property Inspections

•·         Occupancy / Address Verifications

•·         Delinquency Notification Inspections

•·         Delinquency Contact Mailings

•·         Insurance Inspections

•·         Well Water Inspections / Analyses

•·         HUD inspections and Business Site Inspections

 Property Preservation Services

•·         Re-Key / Boardups

•·         Itemized Repair Bids and Recommendations

•·         Exterior / Interior Cleaning Services

•·         Debris Removal

•·         Winterization

•·         Lawn and Pool Maintenance

•·         Before and After Photos

 

 

 

 What's the power of renovation financing? It's the ability to:

  • Turn a house into a dream home
  • Buy a home that's in the right area but doesn't quite fit your family - yet
  • Create an inviting den and entertainment area that draws your family together
  • Add extra bedrooms, allowing your kids to stay in the same neighborhood and schools
  • Replace your aging roof and furnace with low-cost financing
  • Invest in a home that needs some work and resell it

Renovation financing provides homeowners a cost-effective way to live in their dream home. And it gives homebuyers the opportunity to purchase properties in need of improvement. I do this with a permanent mortgage that allows you to purchase or refinance a home and then immediately begin the renovation - all with just one application and one closing.

 

 PAINT BABY PAINT!!

 

 

 

VISIT ME AT WWW.FHA203kEXPERTS.COM

 

 

$10 Billion ( yes, that's a billion with B) The USDA has already used 25% for "purchase transactions" that have been on HOLD since 1/9/2009. When "dust" settles, money will be released for refis. Not every community qualifies-but if it does, it's the best thing since sliced bread

Here's a link to check counties http://eligibility.sc.egov.usd.gov .

Check with your lender and see if they offer this program-most of them do but never seem to mention it!

Buyer Qualifications Highlights

 

· No Down Payment

· 30 year fixed rate

· 102% LTV (100% plus 2% guarantee fee)

· Finance Closing Costs If Appraisal Is Higher Than Sales Contract

· No Mortgage Insurance

· No cash contribution required from borrower.

· Income Limits (by county)

· Unrestricted gifts, no need to document source.

· No Maximum Loan Amount

• No Cash Reserve Requirements

 

Property Qualification Highlights

  • Existing Home
  • New Construction
  • New Manufactured Homes
  • Modular Homes
  • Condos & Town homes (Must be approved projects)

Prohibited Loan Purposes

 

· Co-signors not residing in the household

· In-ground swimming pools

· Construction draws

· Furniture and personal property

· Income producing property

· Non-essential buildings and land

• Previously occupied manufactured homes

 

Let me know if this was helpful information.

 
 
Rainmaker_large

Will Addo

Duluth, GA

More about me…

REO Asset Solution, LLC

Address: PO Box 957062, Duluth, GA, 30095

Office Phone: (404) 375-7819

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