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.

Best Places To Live For The Single And Wealthy

In CNNMoney’s recent poll, our beloved Sandy Springs tops yet another list.  Coming in at Number 4, Sandy Springs, GA is considered one of the best small cities to live in for affluent singles, just behind cities in California and Massachusetts.  Beyond the statistics listed at CNNMoney, Sandy Springs is home to some of Metro Atlanta’s most distinct and high-end homes, upscale restaurants and creative events.

How To Get FREE MONEY After the Homebuyer Tax Credit Expires

With April 30, 2010 quickly approaching, if you are a first-time homebuyer, you maybe quickly trying to find a home that will allow you to get the federal tax credit of up to $8,000.  If so, you maybe able to stop stressing over the April 30th deadline.  Why?  Effective April 19, 2010, the Federal Home Loan Bank (FHLB) is offering up to $7,500 to first-time homebuyers.  This is a 5-to-1 matching program so for every dollar you use towards the purchase of a new home, the FHLB will match qualified buyers 5 times that investment, up to $7500. 

How to Purchase a Vacation Home

Surprisingly, in this market, vacation homes are on the upswing.  Are you or someone you know in the market to purchase vacation real estate?  If so, here are some tips to help you make a worthwhile real estate investment:

1.  What will the maintenance costs be? You will have to pay them even when you are not there.

Keep Your HOA Financially Sound

With the uptick of distressed homeowners, many home owner associations are feeling the stress of not collecting enough funds to pay for the shared real estate properties of the community.  This is particularly heinous in condo real estate communities that share water and other utilities meaning that the default of other owners could actually jeopardize your home.  So what is an HOA to do? 

Homeowner Help: How to Avoid Foreclosure

With various events in the economy, do you, or someone you know, feel like it is difficult to afford your home?  Have you tried to sell your personal home but cannot based on the current real estate market?  Well this maybe just the thing to give you relief.  Beginning April 5, the Obama administration will encourage under-water mortgage borrowers to avoid foreclosure and instead alleviate their financial burden by short selling their home in a new, (what we hope to be) streamlined process.

PRICED TO SELL: Builder Foreclosures at Sandy Springs’ High Point Manor

Once priced in the mid-$1,000,000s, the elegant executive homes of High Point Manor, to the builder’s chagrin, have become victim of a builder foreclosure.  Despite the unfortunate circumstances, buyers now have an opportunity to purchase one of these stately Sandy Springs’ homes at deeply discounted prices.

Flood Watch Areas in Metro Atlanta

Is your dream home in an area suspect to flooding? 

With the floods that Georgia experienced in 2009, you should rightfully be concerned about purchasing real estate in Metro Atlanta that could flood.  Or, maybe you already live in a home and you are not sure if your real estate is at risk. 

Savvy Real Estate Investments for 2010

Vacant residential lots are looking better and better to real estate investors.  Why? The cost of a finished, ready to build lot, can cost a developer about 25 percent of the finished home price. There are a number of these ready-to-go lots on the market at about half what they actually cost to prepare. Investor groups are snapping them up, figuring that the time will come soon when they will be in demand.

Help for REAL ESTATE INVESTORS Looking to Flip Homes

Federal Housing Administration is changing what is known as the “anti-flipping rule” to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes, says FHA Commissioner David H. Stevens.  Beginning Feb. 1, 2010, the Federal Housing Administration will provide mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.  This is great news for investors that want to rehab a home and sell it to a buyer that wants to receive the Homebuyer Tax Credit before it expires on April 30, 2010 (view this link, http://www.marealtor.com/content/Homebuyer_Tax_Credit.htm, for more details on the tax credit).

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