vanessa calhoun: Excellent Deal On This 5 Bdrm/ 3 Bth Ranch On Full Finished BSMT In Peachtree City, GA - 02/15/11 05:42 AM
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vanessa calhoun: ...Another Short Sale Success Story!!! - 02/07/11 05:52 AM
 

 
This lovely 3 bedroom/ 2.5 bathroom townhome features a single car garage, open family room, spacious floorplan, and easy interstate access! MOVE-IN READY!!!! The owner originally financed the purchase of this home for $111,600 in 2005 and re-financed in 2007 for $116,500. The seller owed $114,000 on the existing mortgage. We sold the property on 2/7/2011 for $39,000 and the seller walked away from this dreadful mortgage owing the mortgage company NOTHING! Yep, the seller received a full waiver of liability!!!
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vanessa calhoun: ...Another Short Sale Success Story!!! - 02/04/11 01:45 AM
                         
This lovely two story traditional home sits on a full, unfinished basement and features a formal living room, formal separate dining room, cozy family room w/ corner fireplace & full view to spacious kitchen w/ center island & breakfast area. The upstairs features an open loft area and spacious bedrooms. The oversized master bedroom features a spacious sitting area and tons of natural light! Master bath features jacuzzi tub, separate shower, massive walk-in closet for only $139,900!!!
Homeowner had one mortgage for $250,000. We sold it on February 3,2011 for $143,692 and the homeowner received a FULL WAIVER OF … (0 comments)

vanessa calhoun: Beautiful 5 bdrm/ 4.5 Craftsman Styled Home For Only $149,900!!! - 12/09/10 07:09 AM
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vanessa calhoun: 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)

vanessa calhoun: Would You Prepare A HUD-1 Settlement Statement To Present To Your Short Seller's Lender?? - 11/17/10 01:32 AM
Recently, I attended another short sale class (because we can NEVER learn enough about these lovely suckers) and was totally floored when the instructor handed out blank HUD-1 Settlement Statements, and began to "instruct" the class on how to complete them. I watched as a class full of Realtors who were fairly new to the world of short sales intently listened and filled out the form as instructed. I quietly listened to her (while making an attempt to not show the disguest and horror on my face) and allowed her to finish her "instruction". Afterwards, I asked, "why wouldn't you allow … (2 comments)

vanessa calhoun: Beautifully Renovated Mid-Century Ranch In Sought After Hapeville Location!!! - 11/10/10 03:46 AM
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vanessa calhoun: 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
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vanessa calhoun: Unexpected Climb of NAR's Pending Home Sales Index - 09/03/10 02:01 AM
The National Association of Realtors has reported that pending home sales have increased 5.2%, which was mostly unexpected by some due to the dramatic drop of home sales in July....
Was it that unexpected???? Not really, in my honest opinion. In our local market, we saw a gigantic increase in pending home sales during the month of March. No big surprise since buyers in most markets took advantage of the tax credit - especially at the last minute. Simply stated, those who were able to purchase sapped up our existing inventory and those who weren't...didn't. However, they did go home and work on those … (3 comments)

vanessa calhoun: 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!!!!
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vanessa calhoun: 4 bdrm/ 3bth Ranch W Bonus On 5+ Acres W/ 100% Financing!!! - 09/02/10 02:32 AM
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vanessa calhoun: Wonderful 3 Bdrm/ 3 Bth Split Level Home On Partial Basement For Only $159,900!!! - 08/30/10 05:25 AM
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vanessa calhoun: Contemplating Buying A Short Sale?? What's in it for you?? - 07/28/10 03:19 PM
For years, the term "short sale" has been the antithesis of the real estate market....from holding your breath for seemingly an eternity waiting for a loss negotiator to let you know whether or not you've reached their "golden figure" to wondering whether or not the listing agent is acting as an automatic offer vessel funneling as many offers to the lender as humanly possible. Let's face it, for so long it was the "Wild, Wild West" of the real estate industry.
 
Then, all of a sudden, lenders (and Realtors) began to actually conceptualize the idea that the notion of selling … (2 comments)

vanessa calhoun: Does Your Value Proposition Align With Your Business Practices??? - 06/07/10 03:36 AM
As mere children, we learned to the Golden Rule to always do unto others as we would have them do unto us....or something to that affect. However, recently all that we hear about is corporations running rampant with questionable business practices that have almost annihilated the American middle class, governmental back room deals that further diminish our capacity to live the American Dream, and banking practices that are just plain, downright abhorrent (to say the least). Even over the past few weeks, I've been reading real estate blogs that have blasted other agents for business practices that are downright malignant (and … (2 comments)

vanessa calhoun: ...But My Buyer Has Cash........ - 05/17/10 12:21 PM
Maybe it's just me....BUT...Whenever a buyer's agent calls me on the phone to let me know that they're submitting an offer on one of my listings AND they tell me (normally with every other sentence) that their buyer is paying cash and is not obtaining financing, I already know what's coming next....a supa-dupa low ball offer!
To all of the buyer's agent who're guilty of this practice....let me tell you a little secret (shh...don't tell anyone else), but...whenever we sit down to the closing table, IT'S ALWAYS A CASH DEAL!!! I have yet to close a deal in which the seller … (3 comments)

vanessa calhoun: Price Approved FHA/HUD Short Sale!!!! - 05/17/10 11:42 AM
 
PRICE APPROVED FHA/HUD SHORT SALE!!!
                                                               
 APPROVED PRICE: $49,900
# DAYS FOR APPROVAL:  53 DAYS
 
This beautiful brick split level home sits on partially finished basement AND has a fenced yard!!! Seller will concede up 1% of sales price in closing costs!! Must close with Seller's attorney.
 
This is another FHA/HUD Short Sale Success Story. My distressed sellers had a verifiable hardship stemming from a salary reduction and an illness causing decreased work hours. Sellers will receive $1000 back at closing to assist in relocation expenses. 

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vanessa calhoun: Beautiful 4 bdrm/ 2 bth Ranch W/ Upgrades Galor On Full Basement!!!! - 05/13/10 02:32 PM
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vanessa calhoun: Elegant HUd-Owned Two Story Traditional In Sought After Community - 12/01/09 06:36 AM
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vanessa calhoun: Gorgeous 2 story Traditional In Upscale Swim/Tennis/Golf Community!!!! - 10/27/09 02:13 PM
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vanessa calhoun: 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)