coweta foreclosures: An ounce of prevention is ALWAYS worth a pound of cure!! - 09/30/14 04:20 AM
It's no secret that our current real estate market in Newnan is fast and furious....even now, during the "slow" months, properly priced homes are selling at record pace. Now...given this information, it's important that Buyer agents are diligent in representing their client's interest to the fullest.
 
Here's the scenario....
 
I have an absolutely HAUTE short sale listing in a VERY fast paced market that recently came back on the market. As expected, we've had a FLURRY of activity and it wasn't long before a full-priced offer was submitted. Prior to sending the offer, I emailed the buyer's agent with … (2 comments)

coweta foreclosures: ...Ripped from the claws of foreclosure - 04/01/11 03:34 AM
                   
This beautiful mid-century ranch styled home features a brick exterior, gleaming hardwood floors in all common areas ~ tile flooring in kitchen and baths ~ granite countertops and exposed brick in the kitchen ~ covered rear patio area ~ sitting area in master bedroom ~ bonus room ~ and a single car garage. It was originally purchased in 2007 for $90,000 as investment property. My client borrowed an additional $50,000 for repairs and upgrades, which brought the total mortgaged amount on the property to $140,000. My client experienced a financial hardship, which led to eventual foreclosures of several investment properties. She made several attempts to sell this property for … (0 comments)

coweta foreclosures: What's The Strategy Behind A Strategic Default????? - 06/03/10 11:12 AM
I read a blog post today by Teresa Boardman on the Inman Daily News (PM Edition) titled, " Would You Walk Away". In a nutshell, Ms. Boardman spoke about a young man who purchased a home with his fiancee who eventually walked out on him....and her mortgage obligations. This young man struggled to make the mortgage payments and contacted his mortgage company repeatedly attempting to get a loan modification, but to no avail. He was told that since his payments were current, he didn't qualify for a modification. He found a roommate who refused to uphold his end of the bargain … (4 comments)

coweta foreclosures: Beautiful 4 bdrm/ 2 bth Ranch W/ Upgrades Galor On Full Basement!!!! - 05/13/10 02:32 PM
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coweta foreclosures: It's Spring....Time For New Beginnings AND Real Help For Homeowners!!!! - 04/21/10 03:29 AM
As of April 5, 2010....HAFA began!!! Already, I have two short sale clients enrolled in the HAFA program and we're actually having much success!! It's interesting to note that 90% of mortgage servicers are participating in this program that provides a viable solution for troubled homeowners (owner occupant only - not available for investment property). The main focal points of the HAFA program are as follows:
 Available for those who are eligible for HAMP, but are unable to keep their current residence. Borrowers who previously enrolled in the HAMP program, but were unable to keep their mortgage payments or fell behind … (1 comments)

coweta foreclosures: HUD's New Overbid Policy.....Finally, Someone's Been Thinking!!!! - 10/15/09 01:41 PM
Finally......an answer to our prayers!!!!! HUD has finally adopted a new policy to handle people who unnecessarily "tie-up" great HUD owned homes for months only to terminate the contract because they realize that they have to come to the table with thousands of dollars....Let me sum it up for you...
Here's the scenario....
Buyer finds excellent HUD deal on a home that's being offered for it's "as is" value at $110,000. Buyer, who's approved for $150,000 (FHA Loan) wants the home really badly. The Realtor advises that HUD-owned properties are hot commodities and that this one will solicit multiple bids and that, … (6 comments)

coweta foreclosures: Buying A Home???? Does "No Money Down" mean "No Money At All"????? - 10/13/09 01:03 AM
Unfortunately, I've experienced the same scenario one too many times and the end result has always been the same......an excited home buyer goes crazy over USDA Rural Development's 100% financing loan or HUD's $100 down payment program and mistakenly think that this means that purchasing a new home can be done with  NO FINANCIAL INVOLVEMENT OR COMMITMENT on the part of the purchaser whatsoever!!! This couldn't be farther from the truth!!
As frustrating as this problem may be, it still falls back into the realms of an improper Buyer Consultation...As Realtors, present company included, we MUST ensure that our clients fully understand the … (0 comments)