newnan short sale specialist: One Hurdle Cleared......One More To Go!!!! - 12/05/14 01:36 AM
The Mortgage Debt Forgiveness Act of 2007 provided distressed homeowners with the ability to sell their homes via short sale without having to worry about including the amount of the waived balance in their yearly tax calculations. Prior to 2007, short sellers were provided a 1099 for the amount of the waived balance and it was taxed as additional income. 
 
The Mortgage Debt Forgiveness Act of 2007 provided distressed homeowners with an avenue that provided an additional level of comfort and relief from additional financial strains. Since many of these homeowners were already steadily sinking lower and lower into massive … (2 comments)

newnan short sale specialist: New Fannie Mae Short Sale Procedures....AGAIN!!!! - 11/24/14 11:46 PM
Well...another nights sleep springs forth another email from Bank of America's Agent Resource Center about one of my favorite subjects....SHORT SALES!!! More specifically, facilitating Fannie Mae short sales. It appears that we now have yet another process to store in our memory banks and add to our plethora of questions that we ask at the Seller's kitchen table.
Fannie Mae has issued another directive mandating that their short sales are processed through their Homepath for Short Sales system. One major benefit (and possibly the only benefit) that I've noticed is that they have a "Request A List Price Guidance" feature which … (2 comments)

newnan short sale specialist: Believing in YOU......it's not just a catch phrase!!! - 11/03/14 09:45 AM
Normally, I tend to write about the happenings (good and bad) of my experiences in the Real Estate community. I mean, really, that's my passion. I guess I can be defined as a Real Estate junkie....
However, after having several conversations with a friend, I've been reminded of something more important than just the superficial. I've been reminded of the power of believing in yourself and your own capabilities to live your dreams....regardless of what that they may be.
As a single mother of a 19 year old son, I've told him about a gazillion times that the only true limitations … (2 comments)

newnan short sale specialist: More Changes to HUD's FHA Pre-Foreclosure Sales Program!!! - 10/29/14 12:17 AM
Ahhh.....another Tuesday and another email from Bank of America announcing yet another change with their short sale processing guidelines. HUD has just announced that now, their Servicers will NOT review any offers presented within the first 15 days of MLS exposure.

Sounds reasonable, right???? Well...here's the "Gotcha"....
It appears that this 15 day MLS exposure time clock begins ticking when the property is listed within the appropriate price as valuated by the FHA "As-is" appraisal.
What does this mean????
It's quite simple, it means that if you're lucky enough to contract the property at a price that's reflective of the … (0 comments)

 
Vanessa Calhoun, Your Greater Atlanta Marketing Guru!! (PalmerHouse Properties & Associates, LLC) Rainmaker large

Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!

Atlanta, GA

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PalmerHouse Properties & Associates, LLC

Address: 2911 Piedmont Rd, Ste B, Atlanta, GA, 30305

Office: 404-876-4901

Mobile: 470-209-8136

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