department: Does Your Alabama 203K Lender Have an In-house Draw Department???? - 03/05/11 01:08 PM
Does your 203K lender have an in-house Draw Department????
This is one very important question that most Alabama buyers and real estate agents fail to ask when comparing mortgage companies that offer FHA 203K Renovation mortgage program.  There are many mortgage companies who do "offer" FHA 203K mortgages.  Most often, they only offer the Streamline version of the program.  Very few also offer the Consultant version of the program.  Surprisingly, even less of them actually have an in-house draw department.  In fact, there are only a handful of 203K lenders with an in-house draw department.
Why is this important, you might ask????
It is very … (0 comments)

department: Does Your Georgia 203K Lender Have an In-house Draw Department???? - 03/05/11 12:16 PM
Does your 203K lender have an in-house Draw Department????
This is one very important question that most Georgia buyers and real estate agents fail to ask when comparing mortgage companies that offer FHA 203K Renovation mortgage program.  There are many mortgage companies who do "offer" FHA 203K mortgages.  Most often, they only offer the Streamline version of the program.  Very few also offer the Consultant version of the program.  Surprisingly, even less of them actually have an in-house draw department.  In fact, there are only a handful of 203K lenders with an in-house draw department.
Why is this important, you might ask????
It is … (0 comments)

department: Agents....Are You Risking Your Real Estate License By Negotiating a Short Sale? - 11/30/10 01:22 AM
Agents, are you risking your real estate license by negotiating a short sale with your seller's lender(s)?  If you are doing short sales in Georgia, you just may be.  With the SAFE Act of 2008 being implemented in Georgia last year, rules have changed when it comes to what a real estate agent can and cannot do concerning a mortgage. 
Real estate agents are generally exempt from having to be licensed as a Mortgage Loan Originator so long as they are not involved in the negotiation of mortgage loans/terms.  With the implementation of the SAFE Act, a number of questions have … (4 comments)

department: Atlanta Gets Its First New Department Store in 8 Years - 11/13/10 01:26 PM
The Von Maur department store chain is set to enter the Atlanta market late next year.  The family owned 25 store Davenport, Iowa chain is set to open it's first Georgia location in November 2011 at North Point Mall in Alpharetta. They will take over the space vacated by Belk in August 2009.  Van Maur plans to gut and renovate the location in addition to expanding it from 115,000 to 140,000 square feet.
The company's 25 stores are primarily located in the Midwest market.  Their closest location to Atlanta is a store in Louisville, KY.  The North Point Mall location will be flagship store … (3 comments)