Georgia

Georgia Bank Failures - United Security Bank, Sparta, GA Fails

11-07-09

Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

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Office: (770) 238-0122

Mobile: (770) 664-9516
Secondary: (888) 992-5546

United Security Bank, Sparta, GA failed this weekend. United Security Bank had $157 million in assets and $150 million in deposits and two branches, one branch operatedas the including the branch in Woodstock, GA that operated as Bank of Woodstock. The bank, of Moultrie, Ga., assumed the assets and deposits of the failed bank. United Security Bank failure is expected to cost the FDIC fund an estimated $58 million. The failure of United Security Bank makes the 21st Georgia bank failure this year>Gerogia has had more bank failures than in any other state.

The FDIC press release:

"On Friday, November 6, 2009, United Security Bank, Sparta, GA (including the branch that operated as the Bank of Woodstock) was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver "

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Time Is Of The Essence

11-07-09

Dallas Chambers

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Office: (770) 922-7777 x316

Mobile: (770) 595-1541

If you're like most of my clients, there simply aren't enough hours in the day to research the MLS listings and see exactly which homes you're competing with. As you know, the real estate market is constantly changing, and it's critical that you know how your property stands up against the competition.

That's where I can be a great asset to my clients. When you're too busy to check out the Mulitiple Listings Service, I can do it for you and save you both time and money in the process. Let me be your personal real estate expert. Let's not waste another minute - call or email me today!

Dallas Chambers

Cell 770-595-1541
dallasc@remax.net
http://dallaschambers.agentsrealty.com

RE/MAX AGENTS REALTY
3343 Old Salem Rd
Conyers, GA 30013
770-922-7777 X316

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This is a great time to look for a home

11-07-09

Charlie Ragonesi 706- 579-1098

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Office: (706) 579-1098

Mobile: (706) 579-1098

If you are looking for a Mountain home or land now is the time to look. NOT because of the 8,000 credit. NOT because of the new 6500 existing home buyer credit. NOT because prices are very very good. NOT because interest rates are low.

NOW is the time to look because the leaves are off the trees! Now you will see your views that may have been hidden. Also you can get a really good look at the lay of the land. Also temperatures are wonderful for walking right now. So if you are looking in the North Georgia Mountains and think you need to be here in spring or summer. Not so. Now is the best time to look, especially if you are looking for land or views.

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Fall on Lake Sinclair

11-07-09

Tammy Lankford- lake sinclair

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Office: (706) 485-9668

Mobile: (478) 456-5161
Secondary: (706) 485-0905

It's really still warm for this time of year, the highs have been a little above average in the 70's this week and finally we've had a week without 5 days of rain.

It is really beautiful this time of year on Lake Sinclair. The fish are biting and water is calm and most of the ski boats and seados have been put away for winter.

Fall is really my favorite time to be out on the lake putzing around in a pontoon boat. (I long ago gave up water skis and fast boats). My husband is the fishing fan in the family. I'm pretty satisfied to have a good book along.

Our two dogs also love the lake and it's hard for us to keep them out of the water. Labs don't care how cold it is and our Great Dane well he'd follow Laney anywhere.

There are still some wonderful real estate bargains out there right now and I'd be happy to come in off the lake and show you some of them if you just give me a call.

Lane Realty is open 7 days a week. 9 to 5 Monday to Saturday and from 1 to 5 on Sunday. But for the week of Thanksgiving we will close Wednesday, Thursday and Friday and only show property by appointment those days.

Check out our web site and search the Lake Sinclair Area MLS to see what available properties you might be interested in seeing.

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First Time Home Buyers Credit Extension/Move Up Buyers Tax Credit

11-07-09

Susan Jackson

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Office: (770) 551-5850 x6

Home Sweet Home

This is the best time to buy. The interest rates are at historic lows. There is a large inventory of homes to choose from. The prices are extremely competitive. The tax credit for first time home buyers, has been extended. There is now also a tax credit for the current homeowner. This is a great time to buy!

The interest rates are the lowest they have been in almost forty years. You want to consider putting your finances in order, to enable you to qualify to purchase a home. Talk with a lender and let him guide you onto the track of home buying. You can not let these low interest rates pass you buy. The Fed has announced in March it will pull back on the mortgage-backed-securities in March. The financial experts are predicting this will drive interest rates up to over 6 percent.

There is a large inventory of homes available from the low end to the high end. The homes are competitively priced. No more inflated prices from a few years ago. Builders are offering unprecedented incentives for new homes. The lower prices of the homes along with the low interest rates, allows you to buy more house than you could purchase just a few short years ago.

The tax credit for the first time homebuyer has been extended to April 30, 2010. There is an extra 60 days if the buyer has a written binding agreement by April 30, 2010 that will close before July 1, 2010. The income limits have changed: $75,000 to $125,000 single, $150,000 to $225,000 for married, these income limits are also applicable for the $6500 tax credit. The cost of the home can not exceed $800,000. To be eligible for the $6500 tax credit the homeowner must have used the home sold or the home being used as their principal residence consecutively for the five years of the previous eight years. If you are married and filing separately the credit is only for $3250, the same formula holds true for the first time homebuyer tax credit. Unlike the previous tax credit, the extension requires that the documentation used for the purchase of the home must be attached to your tax return.

TAKE ACTION NOW!!! This is a great time to buy a home.

Susan Jackson, Associate Broker

America's Network Realty Group, Inc

Office: 770-551-5852

Fax:770-551-5866

Email: sjackson@kstrealty.com

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