Workshops are being held to preserve, enhance and revitalize Atlanta's housing inventory in spite of the increase in foreclosures.
Renovation Mortgage Plus (RMP) has announced that it has pooled all their resources to begin to educate Owner-Occupant Homebuyers in the communities throughout Atlanta and surrounding suburbs how homebuyers can now purchase, renovate and occupy Bank-Owned Properties by using FHA, Fannie Mae and Freddie Mac backed mortgage financing which the staff at RMP affectionately calls a Home Improvement First Mortgage.
The free general public workshops are a results of RMP's effort to promote Owner-Occupant Homeownership. RMP is utilizing local libraries, church's and community center in the areas to host its workshops and is promoting the workshops and programs using grassroots efforts with hand-to-hand flyers, yard signs placed on foreclosed properties and their website www.renovationmp.com.
"Many Owner-Occupant Homebuyers never knew that they had the option of purchasing and renovating a foreclosed property to live in. They assumed that this was a privilege for investors who would purchase, rehab and sell the property usually to another investor" said Diego Hodge, a Sr. Mortgage Advisor at Renovation Mortgage Plus. "With the amount of foreclosures hitting the market this year for a variety of reasons we feel that this is the perfect time to empower the owner-occupant homebuyer which in turn will empower the community and increase it's economic value. We're looking to rebuild communities with people who are building themselves"
"Our company is playing a vital role in changing the way that people purchase homes, we're creating a new culture by focusing on Owner-Occupants," said Mario Boles, a Sr. Mortgage Consultant at Renovation Mortgage Plus. "Though we are not the final answer we are making a conscious effort to contribute anyway we can to increase the awareness of these programs and educate consumers. If you take one street with 90% of the homes foreclosed and place Owner-Occupant Homeowners in the homes customized to their liking. You just increased the value of the entire street, couple that with the fact that the Homeowner does not have to drive 45 minutes to work in the neighborhood, you just saved that homeowner a nice sum in automobile costs and empowered that homeowner to live, work and circulate capital in the same area. For some reason it just makes sense"
About Renovation Mortgage Plus
Renovation Mortgage Plus is a Georgia Residential Mortgage Licensee (21936). RMP specializes in residential renovation financing. Founded by Mario Boles and Diego Hodge, who both specialized in Renovation Financing at a Fortune 100 Mortgage Bank, RMP today is one of the leading renovation mortgage financing firms in Georgia. RMP's programs are focused on Owner-Occupant Home buyers and bank-owned properties.
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