newnan coweta short sales: Strategic default....sounds good until your character is questioned. - 04/24/13 01:10 AM
I overheard an interesting conversation in the office yesterday. Apparently, an agent showed a rental property that was listed by another agent in the office. Of course, the listing agent asked about feedback and the showing agent excitedly mentioned that his clients were interested in the property. Their conversation quickly changed to the reasons why the prospective tenants are now choosing to rent and he mentioned that they were doing a strategic default on their home.....WHAT????
Do you mean to tell me..... that the individuals who are now breaking a contractual obligation just based upon a "strategy" has now decided to … (0 comments)

newnan coweta short sales: Beautiful 3 bdrm/ 2.5 Bth Traditional On Full Basement...Only $134,900 - 04/06/13 06:42 AM
 

$134,900 , 3 bedrooms, 2 full baths, 1 half baths, 2,131 square feet  
(3 comments)

newnan coweta short sales: Spring is in the air.....and buyers are ready to pounce!!!! - 03/11/13 12:53 AM
This past Saturday was an absolutely wonderful day to meet with my buyers as they chose their lot and selections for their new construction home. The weather was perfect, the birds were humming, and Spring was definitely in the air.
I'd been talking with the On-Site Agent and she'd been telling me about how they've had an influx of buyers in the community wanting to either purchase their existing inventory or build a new home and they were all complaining of the same phenomena.....very little re-sale inventory from which to choose. Most had become fed up with being in multiple offer … (3 comments)

newnan coweta short sales: Another Pendulum Change........Now, if I could only find a home!!! - 03/07/13 03:46 AM
As with most markets across the Country, Coweta County is experiencing a sort of unique market condition. What's that??? WE HAVE MANY, MANY MORE BUYERS THAN WE HAVE PROPERTIES TO SELL TO THEM!!!! Now, don't get me wrong..this has created a beautiful scenario for those who are looking to sell their homes. Demand is up and supply is down! The perfect economic dilemma!!!  
I know that this scenario is pretty difficult for some buyers to believe, but it's the God honest truth! The fact is, we currently have only 728 properties available for sale in Coweta County, GA. That's half of … (0 comments)

newnan coweta short sales: Yes.....FHA PFS Short Sale Program....You're STILL my favorite!!! - 01/30/13 04:25 AM
In the oftentimes chaotic world of short sales, the road from initial list to closing is filled with rough terrain, speedbumps, wrong turns, u-turns, no turns, stop signs, and many detours. Nary a day I fail to hear the laments of yet another agent succumbing to the trials and toils of short sales. In fact, in my 7 years of selling everything from normal market re-sales to REO and short sales, I've dealt with many different (and often frustrating) short sale transactions. In fact, I've had too many to count! I must say, however, that when I first found out about FHA's Pre-Foreclosure Sales … (0 comments)

newnan coweta short sales: Wells Fargo New Foreclosure Postponement Guidelines For Short Sales - 11/24/10 02:18 AM
Well....after all of the hoopla from last month's report that Wells Fargo will no longer postpone foreclosures on short sales, NAR reports that they've been in meetings with Wells (and several other large lenders) to address concerns regarding their short sale processes and REO disposition processes. Now, Wells is reporting that they WILL allow one (1) foreclosure postponement on a short sale if the following conditions are met...
 
1) Wells Fargo has an APPROVED short sale contract in hand (including all junior liens approvals as well).
 
2) Buyer's financing has been APPROVED or Buyer has POF
 
3) Closing … (9 comments)

newnan coweta short sales: Gorgeous 4 bdrm/ 2.5 bth Traditional Home W/ Open Loft In Swim/Tennis Community For Only $139,900 - 09/08/10 04:50 AM
(0 comments)

newnan coweta short sales: Another Short Sale Success Story......2628 Sherlock Dr, Decatur, GA - 09/02/10 06:17 AM
                                 
 
This spaciously beautiful 4 bdrm/ 2 bth brick ranch with a finished partial basement was originally purchased with an FHA mortgage for $131,000 in 2006. We were able to get the sellers into the FHA Pre-Foreclosure Sales Program and successfully sold the home for $49,900. The sellers received $900.00 back at closing to assist in moving expenses AND A FULL WAIVER OF DEFICIENCY. The buyer received 3% in closing costs. The seller now owes their mortgage company NOTHING!!!!
(2 comments)