There is short-sale help for distressed homeowners in Stone Mountain, GA. There are other options available. Consider the difference between a Foreclosure and a Short-Sale.

A foreclosure is more damaging to you than a short-sale. Did you know that if you lose your house to foreclosure you would be ineligible for a Fannie Mae backed loan for up to 7 years? There are some exceptions to this based on extenuating circumstances. For more detail on this refer to: efanniemae.com. However, if you successfully complete a short sale, you would be eligible for a Fannie Mae backed mortgage within 2 years. There is short sale help for distressed homeowners in Stone Mountain, GA

If had an FHA loan at the time of the short-sale you would be eligible for another FHA loan after 3 years.

Your credit score is affected more dramatically in a foreclosure than if you do a short-sale. In a foreclosure your score can drop anywhere from 250 to over 300 points and your score will be affected over 3 years. The short-sale effect on your score should not be as dramatic. Only late payments on mortgage will show, and after the short- sale, mortgage is normally reported as “paid as negotiated,” “paid as agreed,” or “settled.” This can lower the score as little as 50 points if all other payments are being made. A short sale’s effect on your credit profile can be as brief as 12 to 18 months whereas a foreclosure will remain on your credit profile for as long as 7 years. There is short-sale help for distressed homeowners in Stone Mountain, GA.

A foreclosure on your record could affect your employment. If your job requires security clearance (i.e. security officer, policeman, CIA ) and a foreclosure is on your record it could be grounds for immediate termination or reassignment. Employers have the right and are regularly checking the credit of all employees that are in sensitive positions. A short-sale is not shown on your credit report and is not a threat to your employment. The same applies for your consideration for future employment. There is short-sale help for distressed homeowners in Stone Mountain, GA.

With all foreclosures, except in states where there is no deficiency judgment, the bank has the right to pursue a deficiency judgment which means that you may still owe the bank money after the foreclosure. The amount will depend on what the house sells for in the REO market. In a short-sale, however, it is possible to get the deficiency judgment is waived as long as the house sells at market value. Contact your local accountant for more details on this.

There is short-sale help for distressed homeowners. A Short-Sale is a viable option for distressed property owners in Stone Mountain, GA. Give me a call today.

Are you behind on your mortgage payments? Are you thinking of making a fresh start? Whatever you do, don't walk away from your property and just let the bank have the house. Consider a short-sale as this would be less damaging to your credit and you would be able to buy again in a few short years. Some banks are even offering incentives to homeowners if they will do a short-sale as opposed to a foreclosure. Go to my website to see what options you have and give me a call. www.HelpAvoidForeclosureStore.com. You can also email me at: TerriSellsRealEstate@yahoo.com and call me at: 770-309-3221.

I look forward to assisting you in the short-sale process. Just remember that there is short-sale help for distressed homeowners in Stone Mountain, GA

Terri Thomas-Real Estate Executive-CDPE (Certified Distressed Property Expert)

Solid Source Realty of GA

8052 Mall Parkway, #101

Lithonia, GA 30038

770-475-1130 x 8907 Office

770-309-3221 Mobile

www.HelpAvoidForeclosureStore.com

www.TerriSellsGeorgiaHomes.com

TerriSellsRealEstate@yahoo.com

Image by lane.bailey via Flickr

Kind of odd that for a "Wayback" post I would talk about an upcoming car show... But the show happens around the first Saturday in May each year... and so THIS Saturday is the day.

Smokerise Baptist Church is having their 11th Annual Smokerise Car Show on Saturday from 9am until 3pm. Registration runs from 9am until Noon... so there might be a few cars that don't show up until late. Judging runs from Noon until 3pm.

And check out this link for pictures from last year's show. There were some pretty cool rides on hand... and that was with showers threatening all day.

BTW, the other car show mentioned in that post, Mud4Blood, will be on May 28th. That one promises to rock, too...

Testing his fear of heights...

This is the new thing. Each Friday, I will feature a photo. Many will be local. Some may be real estate related. Others will be definately not local, and might not be related to real estate. Cars, people, vacation, homes, garages, tools... fun times. Just about anything might make the cut.

Since Flashback Friday and Wayback Wednesday have been highlighting posts from 1 and 2 years ago, I have covered posts for the last several years. Wayback Wednesday will continue, and will feature posts from either one or two years ago that week.

Sky Hike at Stone Mountain Park

Ropes courses are nothing new. And this one is pretty cool. There are three levels. The lowest level is around 12'-15' off the ground. Each of the next two levels is about 12' higher. It might not seem that way when you are standing on the ground, but it is pretty high by the time you get up to the third level.

Image by lane.bailey via Flickr

And those seemingly simple obstacles are much more difficult when you are standing precariously on a rope 30' in the air.

While we were getting our Annual Passes, we could see the Sky Hike out of the window of the Pass photo booth. I have to admit that I was laughing pretty hard at some of the people that were up on the course. A few minutes later, I am sure that there were folks in the same place laughing at me.

Sky Hike is included in the Mountain Membership, or the One Day Adventure Pass. There is also an option for getting JUST the Sky Hike. I recommend getting a Mountain Membership if you live in the area. I also recommend getting an Annual Parking Pass ($20) for at least one of your family vehicles, as there are numerous free events for the family at the park... and the $35/year is WAY better than paying $10 to park there for the day... it's just $20 for the annual parking pass if you are a Mountain Member, too.

And while you are there, you might as well ride a Duck...

If you follow me on Foursquare, you'll know when I am at the park for a walk around the mountain (nice 5 mile hike).

Here is the website for Stone Mountain Park.

Stone Mountain Sky Hike on Lane Bailey.com

Home Staging for an Atlanta Investor - As a home stager in Atlanta, where all the testimonials on my site are in fact mine (smile), I've thoroughly enjoyed working with the Atlanta investors. While the process can be a little different, they are a joy to stage.

This is an example of a home we staged last week.

Here's what the room looks like when the furniture has been delivered. I typically have it placed in the "general" area. However, I've been known to make multiple changes to the layout. As any professional home stager will tell you, the furniture, accessories, layout, etc... are NOT about the homeowner. Instead, it's about the buyer.

Here's the end result:

This Atlanta investor made some wonderful renovations to the kitchen as you can see below. My job as an Atlanta Home Stager is to help the buyer emotionally connect to the home.

By design, I don't overload the home with accessories. Instead, I need to compliment the style of the home and use tasteful items that help make it as appealing as possible.

Homes in Kanawha Subdivision, Stone Mountain, Georgia

Kanawha Subdivision is located in the prestigious Smokerise area of DeKalb County, Georgia. The neighborhood is made up of large luxury homes on large rolling lots and is situated conveniently between Stone Mountain Park and Tucker, Georgia. Highway 78 is just minutes away and is one of the main arteries feeding the eastern suburbs into Atlanta.

Homes in Kanawha are just 5 minutes away from Tucker, 5 minutes away from Stone Mountain Park, 15 minutes away from Decatur, and 25 minutes away from Downtown Atlanta. The subdivision is in unincorporated DeKalb County and is served by Smokerise Elementary, Tucker Middle, and Tucker High Schools. Emory University, Georgia Perimeter College, Agnes Scott, Georgia State, and Georgia Tech are all colleges that are an easy commute from Kanawha. Hospitals serving the area are Emory, Children's Healthcare of Atlanta, DeKalb Medical Center, and the Atlanta VA Hospital.

Located in the back side of Kanawha you will find the Smokerise Golf & Country Club, a very prestigious facility for residents of the Smokerise area. Golf, tennis, swimming, & dining are all available there.

This executive community, like a lot of other areas throughout the country, has suffered some throughout the current recession. In this neighborhood that typically sees prices from $500,000 to upwards of one million dollars; today the savvy buyer may find a few REO properties in the $300,000 range. Built throughout the 1980's and 1990's, no two homes are exactly alike here, but all are loaded with high end features.

If you have an interest in seeing some of the homes in this lovely community, I would appreciate the opportunity to show you some of them. If you would like to browse own your own, just click here: Browse Homes

Welcome to the good life.