About Pickens County, GA

If you are looking for a loan modification and have been turned down you may wonder why. If your loan is commercial you will almost always be turned down. The question is why. After all weren't we all taught that 80 percent of something is better than 100 percent of nothing ?

Here is one answer. If your loan is through Fannie and Freddie then you stand a really good chance of getting a loan modification if you meet the criteria. But if your loan is held by private investors then your chances go way down. The reason is that the clauses that allow banks to change a loan are cloudy. So while a bank can usually modify a loan that is in the "best interest" of their investor, what best interest is, is debatable. And in this case you can substitute the words law suit for debatable. Yes that's right . If you go under the bank is not liable. But if they modify the loan then the holder of the note can sue the bank for their money.

Ain't life grand? This problem needs to be fixed going forward and lets hope banks are working with investors to be able to modify loans. You may think banks are being paranoid. But when asked, Willy Sutton said he robbed banks because that was where the money is. So banks are paranoid and investors will sue. Let's hope this problem can be worked through and potential foreclosures can be modified for the benefit of all

The following was a press release we issued.

PRESS RELEASE

All Mountain Realty Acquires Ash-Car Realty

Charlie Ragonesi Broker for all Mountains Realty announced today that All Mountain Realty has acquired the assets and customer base of Ash-Car Realty. Ash-Car Realty has operated in the North Georgia Mountains for about 4 years. The focus of Ash-Car is on commercial property and developed lots.

“We are adding about 15 million dollars in listings along with a group of buyers” said Charlie Ragonesi. “It is a lot for us to bite off . But the acquisition of these commercial properties fits our model of seeking buyers for residential listings. After all these commercial folks that are moving into our North Georgia Mountains will need places to live. So through the acquisition of Ash-Car we will enhance our abilities to market houses to executives in Communities like Big Canoe.”

Asked if there were other acquisitions on the horizon Charlie would only say that, “other expansions will be forth coming in the next 6 months. We are very bullish about our market and will continue to grow and expand to serve the needs of our sellers and buyers.”

I have to say that many of the things I learned here at ActiveRain helped position us to acquire this company.

The North Georgia Mountains are pretty year round. This fall in the Big Canoe / Jasper area the rains came and washed away many of the leaves. But today in the sunshine as I was driving I managed to get these shots.

These pictures are from about 3000 feel up. The air was clear and the breeze was blowing. Temperature was in the 60's

It was pretty bright out but you get the idea. The North Georgia Mountains are Beautiful and a great place to live and raise a family. Contact us at All Mountain Realty . We would love to work with you.

USDA Rural Housing History shows this government insured home loan program has had great success over the last 60 years and is gaining in popularity.

In 1949, USDA's telecommunications loan program was established to provide telephone service to rural America. At the time, only one in three farms had access to telephone service. As it did with the rural electrification program, the Telephone Loan Program revolutionized the lives of millions of rural families and businesses by providing connectivity, access to emergency services and business activities that fueled economic growth. Today, Rural Utilities Service (formerly REA), provides loans and grants for telecommunication, electricity and water and environmental services. It is also administering a program, funded through the American Recovery and Reinvestment Act, to provide broadband service to under-served communities.

Also in 1949, passage of the Housing Act marked a turning point the nation's history by establishing the Farmer's Home Administration. To date, three million rural Americans have benefited by receiving housing loans, grants and guarantees totaling $124.6 billion.

USDA Rural Development's mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development fosters growth in home ownership, finances business development and supports the creation of critical community and technology infrastructure. Further information on rural programs is available at a local USDA Rural Development office or by visiting www.USDALoanExpert.com!