Housing Crisis Ending in 2012 According to Predictions - 02/24/12 11:59 AM
 According to recent reports, Capital Economics expects the housing crisis to end this year. Their main line of reasoning: banks loosening credit requirements.  
Capital Economics notes that the average credit score required to obtain a mortgage loan is currently 700. This is definitely higher than the scores that were required prior to the housing crisis, but it is consistent with the requirements one year ago.
Other indicators in the market refer to not only this stabilization that is being seen in current lending standards, but also to banks loosening their credit requirements, creating greater availability of funds to lend.
Currently, banks are … (0 comments)

Georgia’s Buyer Agency Law….How Does it Affect You? - 02/10/12 05:01 PM
 
For years Georgia did not have a buyer agency law in place. As a matter of fact, the only party to have representation in the transaction was a seller. However, the state of Georgia passed a law that provides the buyer to have the representation as well, but with a few provisions.
First, the buyer needs to put his request for representation in writing by signing a contract with a real estate broker. And, this request needs to be in writing before going to look at houses and certainly before writing a contract. Without this request in writing,  every agent … (2 comments)

 

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