Places To Love: HOPE SPRINGS MANOR

Foreclosure, foreclosure, foreclosure!  That seems to be the new mantra attempting to replace location, location, location but in many cases if you have one, the other is excluded.  But what if you can get both?  There are still great real estate foreclosure deals available in some of the most prominent areas of Metro Atlanta.  One such great deal (if townhomes suit your fancy) are the units at Hope Springs Manor that have now been lender foreclosed. 

Real Estate Market Update

Things are looking up in parts of Metro Atlanta’s real estate.  Whether you are selling or buying, you maybe  curious as to how things are selling in Metro Atlanta’s Sandy Springs area for different reasons of course.  As a buyer, you are interested in what type of deals you can buy while as a seller, you are hoping to see a turn around in the market so you can sell your home without taking too much of a loss.  Fortunately, I have good news for both.

Bought A Foreclosure Recently? Here’s How to Protect Yourself, Pt. 2

There are some homeowners that believe they were wrongfully foreclosed on and are now attempting to reclaim the foreclosed home.  If you recently purchased a foreclosed home and are concerned that someone may come knocking on your door in an attempt to recover the home, protect your investment today! 

“Is This A Good Real Estate Deal?”

In this real estate market, there seems to be no end to low-priced homes, whether foreclosures, REOs, short sales, owner financed, etc., but how do you know if it truly is a good deal?  I can see many purchasers salivating over the low prices in this real estate market but don’t pack up and move just yet.  Avoid getting caught in the hype of something being low-priced.  Here are several strategic factors beyond price to consider to help insure your real estate purchase will be a sound investment.

Bought A Foreclosure Recently? Here’s How to Protect Yourself

Undoubtedly, you have heard how banks have foreclosed on homeowners that did not deserve it and now some homeowners are fighting back.  Well, if you have purchased a foreclosure in the past few years, you may have a property that fits this description and may encounter an angry homeowner trying to reclaim the home.  If you have purchased a foreclosed property in the last three to five years, locate and check your title insurance to make sure that it will cover you if a claim on the property from the former owner were to arise.  If you are in the processing of purchasing real estate property, safeguard yourself by electing to get title insurance that has comprehensive coverage.

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“. 

Stop Foreclosure!

The American Dream should not become a nightmare.  But with the ups and downs of the economy, what is a homeowner to do?  Whether you or someone you know is in danger of losing your home, American Homeowner Preservation (AHP) maybe able to help.  AHP has options, such as short sales, lease & repurchase programs, available that may help you pay less a month and even keep your home. 

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).

Pay Only $100 Down and Receive $1000 Back on Your Next Home Purchase

So you are ready to purchase a home but hate how much you have to come up with for the downpayment.  At minimum you may have to pay 3.5% of the purchase price of the home down and at maximum you have to pay 20% down depending on the lender.   You wish there was an alternative that worked for you since your income will not allow you to qualify for the various low income-restricted down-payment assistance programs (if you think you income will qualify you for the down-payment assistance programs, email places2love@gmail.com and we will send a list of programs that offer down-payment assistance).  Well, there is hope!  There is an option where you only pay $100 down on your loan and you also may receive $1000 back at closing - this is a great option that more and more buyers are taking advantage of and it maybe worth you examining. 

Don’t Get Tricked When Looking for a Foreclosure Treat

HGTV’s real estate Web site Frontdoor.com has identified what it calls the “tricks and treats” of buying a foreclosure:

Tricks to avoid:
**Just because a foreclosure has a low price tag doesn’t mean it’s a bargain. Many need lots of expensive repairs.

Next Page »