Short Sales is almost a curse word in our market. I recently attended the 5 Star Conf in Dallas and was real happy to hear what was being said about short sales. The folks from Freddie Mac said they were putting their loans on the fast track. The process should be completed in 30 days??? Now we all know this is not the case but we can hope that speed is in the minds of the banks who hold these loans. I know that the process is slowed by the 2nd mortgage holders but hope that we can slow down the foreclosure process by using the short sale process and loan modification. I have found that things are looking up and would love to help with this process. The key is to start the process early and get all of your information together so that we can get it to the bank. Believe me the banks would far rather use the short sale route than to foreclose. Call if I can help in the Atlanta Metro Area. Becky Rainwater 770-317-8178
I have finally got a handle on the short sale situation...I hope. After trying to do this on my own I gave up. I am nnow hooked up with a short sale company who actually get the sale negotiated and then they take the home over as a trust. You then have to deal only with these folks who will pay me a full commission to sell the home. The homeowner is free to move on and the bank has one less foreclosure to deal with. It is indeed a win win for everyone. Not all short sale companies are created equal but you should look for one in your market and see how it works. It seems that there are so many foreclosures now that this is a great way to get the owner out and keep the house intact.
I recently took 2 days of training to become REOS certified and I'm glad I did. I think that this training in great even if you are a buyers agent. The information gained will help with the contract process if not getting listings. After all is said and done, we are in a much different world than we were 18 years ago when I started in this business. We are no longer selling with the thought that our buyer will move in 3 to 5 years. The buyer now will need to stay put as the market continues to stabilize. So buy a home that you will be happy with for awhile!!
Foreclosures are up in Cumming and North Georgia so the bargains are out there. First time buyers and folks looking to move up can score a real deal in the Atlanta metro area.
Lake Lanier is looking so much better! The recent rains have had a positive impact on our lake. The storms that came with them are another matter. The rains and the money being filtered into the first time buyer programs are making a solid impact. The foreclosure market is still pushing the sales in the Atlanta Metro area. This as we know is good and it is bad.
I await the day when builders look at our growth and make the commitment to start building again. Good things have begun in Forsyth County Georgia and I for one hope they continue. The rain has been a start to help one of our greatest resources, Lake Lanier. Values on the lake will start to improve and this will have a great impact on the economy in this area.
WOW can it get any better. Interest rates are at 5% or below, the Cumming Real Estate Market has good supply and now there is an $8000.00 tax credit for first time buyers. Don't forget that you are considered a first time buyer if you have not owned a house in the past 3 years. Also you get get the money in 2008 if you buy now, so get a gift from a relative for yor 3.5% down and pay it back with your tax return. Call me if you need an agent ! 770-317-8178
Lake Lanier real estate agent. Lake Lanier Georgia ,Cumming GA,Suwanee Ga,Duluth GA,Dawsonville Ga.,Hall county GA and Alpharetta Ga. Helping buyers & sellers with full service real estate services
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