avoid georgia foreclosure: Got a Georgia N.O.D? Get ready to wrestle! - 06/12/17 08:43 PM
A Georgia Notice of Default should never be ignored, but it may not lead to foreclosure if you keep your wits about you and investigate your options.
Sometimes we all hit a rough patch in life. Circumstances beyond our control can temporarily send our well-planned lives into a tailspin. Sometimes, in spite of our best efforts to meet our monthly financial obligations, often robbing Peter to pay Paul....sometimes, we run out of money before we run out of month. And sadly, sometimes or mortgage payments get backed up. It happens, way more often than folks will readily talk about.
So you sashayed out to the … (2 comments)

avoid georgia foreclosure: What is a Georgia Power of Sale Foreclosure? - 06/12/17 08:15 PM
Don't get caught unaware.
Georgia Power of Sale Foreclosure Guidelines 
Are you buying a home in metro Atlanta or elsewhere in Georgia? Are you planning to use a bank loan to complete your purchase? Then you should definitely understand the import of the power of sale clause in your mortgage. This is the clause that allows your lender to foreclose on the property without any judicial proceeding.
You heard right -- no judicial proceeding is required. 
So, it is imperative that your loan officer explain completely the power of sale guidelines and how that clause may effect you in the event that you cannot pay your house note.
If the deed of trust … (1 comments)

avoid georgia foreclosure: How Fast Can a Georgia Lender Foreclose on My House? - 06/06/17 03:13 PM
"How could this be happening to me? This letter says that my house will be going to auction in less than five weeks!!"
I’ve heard some version of this lament many, many times in my years as a short sale specialist. In fact, the decision to short sell is seldom a seller’s first choice. My clients are often several months in arrears, may even have been fending off foreclosure for awhile or have been denied a loan modification before they call on me.
This was one of those situations, and the homeowner was at her wits end.  Receiving the dreaded NOD (Notice of … (4 comments)

avoid georgia foreclosure: Another Wells Fargo Short Sale SOLD in Clayton County GA - 03/15/17 10:43 AM
Can't decide whether to short sell your Clayton County house now or  wait and see? If you need to sell now but think that you can’t because you owe more on the property than you can get for it in today’s market, a short sale might be you BEST answer.
 
Still undecided? Consider this: every short sale sold is a foreclosure avoided. Also consider that time is not the friend of underwater sellers. The foreclosure process, once set in motion by the lender, can move swiftly and brutally in Georgia.
 
Is it worth the time and trouble to short sell in the current … (3 comments)

avoid georgia foreclosure: Another Henry County GA Short Sale Closed - GMAC Mortgage - 05/17/12 10:18 AM
Henry County GA Short Sale Closed with a GMAC Mortgage.
The short sale specialists on the Best Atlanta Short Sales Team have done it again. We've closed another GMAC short sale in Henry County GA.

The buyer of this McDonough GA real estate bargain got a great, well-maintained property at a substantial discount, and the seller got relief from an unmanageable mortgage, with FULL SETTLEMENT OF ALL LIENS!
Everybody wins with a Henry County short sale.

What a bargain for the savvy investor-buyer. This cute and cozy McDonough GA home sold for less than the REOs or traditional resales … (0 comments)

avoid georgia foreclosure: Robo-Signing May Mean Money for Georgia Home Owners - 04/09/12 10:34 AM
Breaking news for Georgia home owners:  The Robo-Signing Settlement May Mean Money for You.
If your mortgage is held by Bank of America, JPMorgan Chase, Wells Fargo, Ally Financial/GMAC , Citigroup, or one of nine smaller lenders, you could be due a portion of the second- largest consumer settlement  in the history of our country. And if you are eligible, that settlement could come in the form of cash or financial help with mortgage modification, mortgage refinance, short sale assistance, relocation assistance, and other foreclosure alternatives.

Finally, something has been done to provide some compensation and relief for underwater and foreclosed … (2 comments)

avoid georgia foreclosure: Another CHASE Bank Short Sale SOLD in Clayton County GA! - 03/29/12 12:52 AM
Can't decide whether to short sell your Clayton County house now, or wait and see?
Consider this Riverdale GA short sale. Maybe these facts will help you make up your mind:
Your local Atlanta area short sale specialists on the Best Atlanta Short Sales Team have done it again. We've closed another Chase Bank short sale in Clayton County GA. We can do the same for you. Case in point:
 
Riverdale GA short sale
This clean and comfy Riverdale home sold for less than a traditional resale. It now has a proud new owner, and the previous sellers were able to successfully avoid Georgia foreclosure with … (3 comments)

avoid georgia foreclosure: Under the Cloud of an Unmanageable Mortgage? Avoid Georgia Foreclosure with Help From This Report - 02/20/12 12:18 PM
An Unmanageable Mortgage Clouds Everything When Atlanta GA area families are tapped out financially and faced with the uncertainty of not knowing how much longer they'll be able to stay in their home, the prospect of planning or having a positive outlook on the future seems out of the question.
Many financially strapped homeowners feel frozen in action and it's no wonder, but here's the most important point that you need to know:
Even though millions of homes have been lost to foreclosure, you and those you care about absolutely do not need to add to that statistic. Avoid Georgia Foreclosure … (2 comments)

avoid georgia foreclosure: Another Successful Short Sale Closed in Deactur GA 30034 - 10/28/11 03:13 PM
Another Successful Short Sale Closed in Decatur GA 30034
Is there anything more gratifying than a closing where everybody at the table is grinning? That only happens when everyone at the table is winning. In a successful short sale, that is almost ALWAYS the case. The buyer wins because they get a really good deal on a (usually) well cared-for property, The seller wins when they get relieved of an unmanageable mortgage, and in some cases they even get a lender incentive for their trouble. And the seller's lender wins because they get to avoid another Georgia foreclosure.
And of course, … (3 comments)

avoid georgia foreclosure: How Can You Help Your Henry County Neighbors Avoid Georgia Foreclosure? - 05/04/11 12:47 PM
How Can You Help Your Georgia Neighbors…
Are you aware that there are options for people whose mortgages are no longer affordable? Would it surprise you to know that many of your Ellenwood and Stockbridge, GA neighbors might be facing foreclosure and NOT be aware of the choices they have to avoid it?
It’s sad but true: 27% of Americans with mortgages now owe more than their home’s current value.  A recent study in Nevada (the state with the nation’s highest foreclosure rate), found that only 5% of distressed homeowners knew they had alternatives to foreclosure, AND only 3% took advantage … (2 comments)

avoid georgia foreclosure: How do I Write a Short Sale Hardship Letter? - 02/04/11 04:41 AM
Q: How do I write a short sale letter to my lender? What should I say? A: Also known as a “hardship letter”, your short sale letter should simply tell your lender why you need to short sell. Writing the short sale hardship letter is one of the first steps in pursuing a short sale. This is simply a signed and dated letter from the seller to the lender explaining why you need to short sell. You should try to keep it down to one or two pages, while providing enough detail to thoroughly convey your hardship, or inability to continue … (3 comments)

avoid georgia foreclosure: Avoid Georgia Foreclosure - Check Your County Organ - 05/12/10 12:01 PM
 
Georgia Power of Sale Foreclosure Guidelines
 
Every Georgian home buyer should understand the import of the power of sale clause if purchasing with a mortgage. This is the clause that allows your lender to foreclose on the property without any judicial proceeding.
 
If the deed of trust or mortgage contains a power of sale clause which specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows:
•1.  First, a foreclosure notice must be mailed by certified mail, return receipt requested to … (0 comments)

avoid georgia foreclosure: Is Metro Atlanta's Foreclosure Rate Still Among the Highest? You Betcha! - 03/04/10 01:42 PM
Is metro Atlanta's foreclosure rate still among the highest? You betcha! 
My state of Georgia has been especially hard-hit by the housing collapse.
Over the last few years, foreclosure numbers repeatedly have hit and then broken new records here. When will it end? Apparently, no time soon.
Just a few days ago  First American CoreLogic Inc., a real estate information company, said Atlanta had about 385,100, or 31 percent, of all residential properties with mortgages in negative equity at the end of the fourth quarter 2009.In the metro Atlanta area, subprime mortgages abounded during the real estate run-up, Now, they are … (2 comments)

avoid georgia foreclosure: Best Atlanta Short Sales - 02/04/10 09:02 AM
Georgia home owner, this post may be for you. We real estate professionals know that times are tough.
The Best Atlanta Short Sales team receives calls every week from Georgia residents who are struggling to make ends meet.  The current recession has made it difficult for many residents to keep up with their mortgages. 
We know how to help. We understand the Georgia Foreclosure laws and what the timeline is for Foreclosure in Georgia. You are invited to read about others in Georgia who have been in your situation, and how they have been helped. Find their testimonials at AvoidGeorgiaForeclosure.com.
Please remember... … (2 comments)

avoid georgia foreclosure: Foreclosure: Georgia Quick Facts - 01/31/10 05:41 AM
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)

avoid georgia foreclosure: Facing Foreclosure? Be Prepared for What Comes After the NOD. (#8 in a series) - 08/26/09 01:38 PM
What Comes After the NOD?
Many of my blog readers have asked why the Georgia foreclosure process happens so fast. The only answer I have is...because our state law is set up that way -- to favor the lender, not the borrower. That's why it is so imperative that Georgians contact their lender and an experienced real estate professional as soon as they begin having trouble making their mortgage payments.
The Georgia foreclosure process begins when the homeowner fails to make payments of the money due on the mortgage at the appointed time. Proceedings typically start with a formal demand for payment which … (5 comments)

avoid georgia foreclosure: Facing Foreclosure? Understand What You're Up Against. (#5 in a Series) - 08/19/09 01:38 PM
A few weeks ago a member of my church called me with a panicked and tearful query. "How could this be happening to me? This letter says that my house will be going to auction in less than five weeks!!"
Like many other Georgians, the shrinking economy, rising cost of living and loss of employment has impacted her ability to continue meeting her monthly mortgage obligation. Now she is several months in arrears and has been denied a loan modification. Receiving the dreaded NOD (Notice of Default) was just about more than she could bear. 
"Can they really just take my home and … (41 comments)

avoid georgia foreclosure: Facing Foreclosure? What do You Need to Know to Fight Back? - 07/18/09 07:20 AM
While the understandabe first reaction to a notice of pending foreclosure may be panic and despair, don't linger there. Pull yourself together and see if there is any way to fight back.
Put your fear aside and get ready to wrestle.
These days, most lenders would rather work with you than foreclose on you. It's not quite altruism on their part -- rather, it's for their own benefit in most cases. Did you know that it can cost the lender more money to foreclose than to work it out? According to my research, lenders spend an average of $40,000 - $50,000 and sometimes much … (0 comments)

avoid georgia foreclosure: Facing Foreclosure? Put First Things First - 07/08/09 10:06 AM
We know the threat of foreclosure can be emotionally debilitating. Yet now is not the time to cave in. Rather, now is the time for you to reach down into yourself and pull up that reserve of energy and resolve in order to fight back. If you've fallen behind on your mortgage, you don't have to just let the lender take your house. There is one strategy that is paramount in this situation. What is it? 
Talk to your lender.
This is the first and most important thing you should do.
 With so much pressure from the new Administration to staunch … (0 comments)

avoid georgia foreclosure: Facing Foreclosure? Don't wait to too late to check out your options. - 06/30/09 10:22 AM
Act fast to avoid Georgia foreclosure.
Nowhere is the foreclosure process faster or more brutal than in the state of Georgia. But even here, foreclosure can often be avoided -- even if you have already received the notice of sale. But don't wait until then to investigate your options. Find out for yourself what your possible outcomes might be as soon as you realize you're in trouble. In general, the Georgia foreclosure process can end one of five ways: 
Can you play catch up?
(1) You could pay off the default amount to reinstate the loan during a grace period known as pre-foreclosure. This … (2 comments)

 
Elva Branson-Lee, CDPE - Atlanta Real Estate & Short Sale Agent (Solid Source Realty GA) Rainmaker large

Elva Branson-Lee

CDPE - Atlanta Real Estate & Short Sale Agent

Atlanta, GA

More about me…

Solid Source Realty GA

Address: Jonesboro, GA, 30238

Office: 7704751130 ext 8988

Mobile: (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," available at Amazon.com View all AR Posts By Elva Branson-Lee Blog Google+ Follow this blog


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