NEW REFINANCE OPTIONS If You Owe More Than the Home’s Worth

FHA has launched a refinancing program to assist homeowners who owe more on their mortgages than their home is worth.  Beginning Sept. 7, 2010, the agency will offer qualified non-FHA borrowers the opportunity to refinance with an FHA-insured mortgage on their primary residence.  Borrowers must be current on their existing mortgage, qualify under FHA underwriting requirements, and have a credit score of at least 500.

AFTER A SHORT SALE - When Can I Buy A New Home?

Here is a question from a concerned homeowner, “If I go through a short sale, how soon can I purchase another home?  I was told that if I did a short sale instead of allowing the home to be foreclosed on, it is not as bad“.  Answer, “It all depends“. 

Events to Love: September Events in Sandy Springs

Mark your calendar now for the 2010 Sandy Springs Festival scheduled for Saturday, September 25 and Sunday, September 26. Visit www.sandyspringsfestival.com for more information.   That same day, the Sandy Springs Tennis Association will hold the Sandy Springs Tennis Festival on Saturday, September 25 from 2-10 p.m. at the Sandy Springs Tennis Center located at 500 Abernathy Road. Registrations forms are available online at www.sandyspringstennis.org/forms. Proceeds from the event will support SSTA’s youth tennis programs.

OWNER FINANCING: Tips On How to Make It Work

Whether you are a Buyer with less than perfect credit, a Buyer with not enough down-payment funds or just a Seller eager to sell, owner-financing maybe a viable option.  Banks generally are willing to accept rent credits for an option to buy as an acceptable down payment, but both buyers and sellers must follow these guidelines for Fannie Mae and Freddie Mac to sanction the transaction.

FREE Events to Love: SANDY SPRINGS’ MOVIES BY MOONLIGHT

Leadership Sandy Springs presents MOVIES BY MOONLIGHT, which is a family-oriented outdoor movie series serving the Sandy Springs community. The movies are freeand take place in the heart of Sandy Springs on the terraced lawn of Sandy Springs United Methodist Church’s Hitson Activity Center.

STOP HOME LOSS SERIES: You May Qualify For HUD’s New Interest Free Loans

The Obama administration will offer $1 billion in zero-interest loans to help homeowners who’ve lost income avoid foreclosure as part of $3 billion in additional aid targeting economically distressed areas.  The Department of Housing and Urban Development plans to make loans of as much as $50,000 for borrowers in the hardest hit areas to make mortgage, tax and insurance payments for as long as two years through the HUD Emergency Homeowners Loan Program.  This new program will complement Treasury’s Hardest Hit Fund (announced in Feb. 2010) by providing assistance to homeowners in hard hit local areas that may not be included in the hardest hit target states as listed below. Those areas are still being determined.

Places To Love: THE VIEW AT CHASTAIN

Looking for a luxury high-rise community in Metro Atlanta with discounted prices just minutes from all the shops and restaurants of Buckhead?  Then The View at Chastain is a must see. 

STOP HOME LOSS SERIES: Need Help with Your Current Mortgage Payments? FREE EVENT

On Saturday, August 21, 2010 the NID Housing Counseling Agency/Atlanta Metro in conjunction with NAREB will host a unique foreclosure counseling event unlike any other.  The appropriately tagged, ‘You’re More Than A Number Loan Modification Assistance Event’ with help from Bank of America, Chase and Wells Fargo/Wachovia, is a free event that will rally the whole community to come out and get personal attention from knowledgeable housing counselors on-site.
 
‘You’re More Than A Number Loan Modification Assistance Event’ is scheduled for Saturday August 21, 2010, from 8:00AM-3:00PM at the Wyndam Garden Atlanta South Hotel in Atlanta, GA on Old National Highway.  This event promises to bring a personal touch to all who participate as housing agents from Bank of America, Chase and Wells Fargo/Wachovia will be available to provide face-to-face counseling along with HUD to discuss how going green can save participants money. No matter who the original lender is, the NID Housing Counseling Agency/Atlanta Metro is on hand to help.  Unlike other loan modification events, ‘You’re More Than A Number Loan Modification Assistance Event’ represents the human approach to loan modification giving added face value to each situation and ongoing support.  
 
“I’ve been in the business for twelve years and I’ve seen a lot of events like this, but it’s refreshing to see an organization finally get what people really need”, said Personal Finance Expert and CNN Contributor Clyde Anderson, who is also the events Special Guest.  “Compassion is missing…, but if we take the time to educate and walk people through the modification process, I believe you would see a lot less stress and negative attitudes, so we can get down to offering resources people really need to make it”.  
 
Tired of feeling like just a number?  Visit www.nidatlmetro.org to register and reserve your place. For more information call 1-866-251-1027.  Listen to Praise 102.5FM for announcements.  Register today for a chance to win free gas gift-cards!

Family Fun at Sandy Springs’ Newest Attraction

The City of Sandy Springs will hold a ribbon cutting along with the City’s Fifth Anniversary Celebration at its newest park: Morgan Falls Overlook Park. The event will be held Wednesday, July 28, 2010, from 4:00 – 7:00 p.m. at the park—200 Morgan Falls Road. Parking is at North Springs United Methodist Church, on the corner of Roswell Road and Morgan Falls Road. A shuttle will be provided. There will be no on-site parking.

Places to Love: City Walk Heights

It you have been looking for a great deal in the Metro Atlanta real estate market, you will find one at Sandy Springs’ City Walk Heights townhomes.  Situated conveniently behind Sandy Springs’ City Walk Shopping Complex and a across from Heritage Green, City Walk Heights features townhomes that have high-end finishes for a fraction of the cost.  These brick, 3-story townhouses have gated parking, an outdoor waterfall/park area, and are in walking distance to all of the shops on Roswell Rd., Hammond Dr., and Johnson Ferry Rd.

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