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Short sale experts reveal knowledge behind the industry

Your Guy for That Monday, May 13th, 2013 No Comments

By Megan Hopkins
 
With REO sales making up roughly 11% of total sales, it’s important for Realtors to know the short-sale market well, said Ashley Bean, when leading a panel discussion at the REOMAC 2013 Summit & Expo in Dallas.

During the same panel discussion, a number of short sales experts discussed the health of the industry and gave tips to attendees on how to close more sales.

In 2011, the average time it took to complete a short sale was only 108 days, according to Bean. That is a far cry from the 148-day average that came the following year. Now, in 2013, we’ve pushed the time back down slightly, with the average somewhere between 120 and 130 days.

Bean added that Arizona, Nevada, Illinois, Michigan and Georgia are the fastest-moving states, which sh… Continue Reading Short sale experts reveal knowledge behind the industry

Posted in Atlanta, Atlanta Beltline, College Park, East Point, Fannie Mae, Feed, FHA, Fort McPherson, Freddie Mac, Fulton County, Hapeville, Homepage, Interest Rates, Metro Atlanta, Mortgage Assistance, Mortgage News, Real Estate

A moment for Boston

Your Guy for That Tuesday, April 16th, 2013 No Comments

moment-of-silence

All of us at Your Guy for That and Intown Focus Realty wish to extend our deepest heartfelt sympathy to the families, friends, and loved ones of the recent Boston Marathon tragedy.

There is no words, no gesture, and no thing can take the biting sting from loss; and only the honestly offered hand in wanting to help can be shown to help ease this painful path.

We ask all who wish to help in some small way, look to donate through your local Red Cross Disaster Teams, as they struggle to assist those in Boston. The link below will take you to their national donation website.

https://www.redcross.org/donate/index.jsp?donateStep=2&itemId=prod10002

Please take a moment of silence for those whose lives were lost, or changed during this horrific time.

The Boston Marathon tradition… Continue Reading A moment for Boston

Posted in Atlanta, Atlanta Beltline, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, Featured, Feed, FHA, First Time Homebuyers, Foreclosure, Fort McPherson, Freddie Mac, Fulton County, Green Homes, Hapeville, Home Inspections, Home Maintenance, Homepage, Interest Rates, Investment Real Estate, Legal Issues, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, News & Reports, Open House, Real Estate, Renting, Schools, Sellers, Short Sale, Small Business, Taxes, Uncategorized

Housing Recovery Revs Up As Home Resales Rise

Your Guy for That Wednesday, December 5th, 2012 No Comments

 

NBC News staff and wire reports

U.S. home resales unexpectedly rose in October, a sign that slow improvements in  the country’s labor market are helping the housing sector recovery gain  traction.

That, in turn, is feeding hopes among construction companies, whose sentiment rose for a seventh straight month in November to its highest level in six years.

The National Association of Realtors said on Monday that  existing home sales climbed 2.1 percent last month to a seasonally adjusted  annual rate of 4.79 million units.

That was above the median forecast of  a 4.75 million-unit rate in a Reuters poll.

NAR economist Lawrence Yun  said superstorm Sandy, which slammed in the U.S. East Coast on Oct. 29, had only  a slight impact on home resales. The only reg… Continue Reading Housing Recovery Revs Up As Home Resales Rise

Posted in Atlanta, Atlanta Beltline, College Park, East Point, Fannie Mae, Feed, FHA, First Time Homebuyers, Foreclosure, Fort McPherson, Freddie Mac, Fulton County, Hapeville, Homepage, Interest Rates, Investment Real Estate, Metro Atlanta, Mortgage News, News & Reports, Real Estate, Schools, Sellers, Short Sale, Small Business, Uncategorized

Fulton County School Board: Reject the proposal to acquire homes for East Point School!

Your Guy for That Monday, November 12th, 2012 No Comments

Petition by Jenny Stone, East Point, GeorgiaPetitioning President, Fulton County School Board Friends,
Many of you have been instrumental in communicating to the Fulton County School Board your thoughts on the proposal being made to include our home, and several others, in a land acquisition in order to rebuild an elementary school in East Point. At this juncture, we cannot block the Fulton County land acquisition group from making their proposal. But, we can make strides to encourage the School Board to reject options that would include private land acquisition.  We do not have a firm date on when the proposal will be made to the Board. But, we believe it to be in the new year. As such, we need your help again to ensure that the Board has heard from people that are in objection to ho… Continue Reading Fulton County School Board: Reject the proposal to acquire homes for East Point School!

Posted in Atlanta, Atlanta Beltline, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, Featured, Feed, FHA, First Time Homebuyers, Foreclosure, Fort McPherson, Freddie Mac, Fulton County, Green Homes, Hapeville, Home Inspections, Home Maintenance, Homepage, Interest Rates, Investment Real Estate, Legal Issues, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, News & Reports, No New Taxes, Open House, Real Estate, Renting, Schools, Sellers, Short Sale, Small Business, Taxes, Uncategorized

Ten Commandments When Applying for a Real Estate Mortgage

Your Guy for That Wednesday, August 29th, 2012 No Comments

 Ten Commandments When Applying for a  Real Estate Mortgage
1)  Thou shalt not change jobs, become self employed or quit your job. Lenders like consistency.  Changing jobs within your field shouldn’t be a problem.
 2) Thou shalt not buy a car , truck, van or boat, Or you may be living in it
3)  Thou shalt not use charge cards excessively or let your accounts fall behind
4)  Thou shalt not spend money you have set aside for closing
5)  Thou shalt not forget to file your tax returns, all loans require 2 years tax returns these days, no matter your field of business
6)  Thou shalt not buy any big ticket items.
7)  Thou Shalt not originate any new inquiries into your credit or open any new credit lines.
8) Thou shalt not make large deposits into your checking or saving… Continue Reading Ten Commandments When Applying for a Real Estate Mortgage

Posted in Atlanta, Atlanta Beltline, College Park, Credit Score, East Point, Fannie Mae, Feed, FHA, Fort McPherson, Freddie Mac, Fulton County, Hapeville, Homepage, Interest Rates, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, Real Estate

Credit Xpert Can Help You

Your Guy for That Monday, August 27th, 2012 No Comments

Credit Xpert

The minimum credit score needed to get an FHA loan these days is 640.  It is true that many people have major credit problems and won’t be able to buy anytime soon period.  However, many potential buyers are not far from the 640 threshold and just need a little help and guidance to get over the hump.  Fortunately, at Fairfield, we have access to technology which enables us to inform these people what they need to do to get their score over 640.

The system we use is called Credit Xpert and it uses a “what if” simulator to let us know how much specific actions taken by a potential buyer will impact their credit score.  One of the most impactful things a buyer can do to improve a score is to pay down credit cards.  The scoring model penalizes one’s score… Continue Reading Credit Xpert Can Help You

Posted in Atlanta, Atlanta Beltline, College Park, Credit Score, Fannie Mae, Feed, FHA, Fort McPherson, Freddie Mac, Fulton County, Hapeville, Homepage, Interest Rates, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, Real Estate

FREE Home Buyer Workshop: July 21, 2012

Your Guy for That Tuesday, July 17th, 2012 3 Comments

Next FREE Workshop – July 21, 2012 @ 1:00 PM
You are invited to attend this FREE Workshop on July 21, 2012 where you’ll learn why we are experience market conditions that we’ve never experienced before and how to navigate the home buying process in this ever changing environment. Some homes are selling for pennies on the dollar while others sell for over asking price. Some homes have been on the market for a year or more while others go under contract before you even find them online. Do you know why? Join us and find out! Scroll down to register and save your seat.

Rental Rates are on the Rise
There has never been a better time to enter the real estate market, particularly with climbing rental rates. So why throw away money on rent when you can be your own landlord?

Mortgage R… Continue Reading FREE Home Buyer Workshop: July 21, 2012

Posted in Atlanta, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, Feed, FHA, First Time Homebuyers, Foreclosure, Freddie Mac, Fulton County, Hapeville, Home Inspections, Interest Rates, Legal Issues, Metro Atlanta, Mortgage Insurance, Mortgage News, News & Reports, Real Estate, Renting, Sellers, Short Sale, Taxes

Short Sales May Be Getting Shorter

Your Guy for That Monday, June 11th, 2012 No Comments

Short Sale May Be Getting Shorter

Short sales have been anything but!  Most take several months, but that will soon change.  There have been recent proposals that this summer Fannie Mae and Freddie Mac will implement new guidelines that require servicers to respond to short sale offers in 30 days or within 60 days if multiple stakeholders, like mortgage insurers, are involved.  The new rules would streamline the short sale process, which is stressful for sellers and frustrating for potential buyers who have to endure months of waiting to find out if their offers will be accepted.

Short sales have overtaken foreclosure sales in recent months, according to Lender Processing Services Inc. (LPS).  This is a flip-flop from a year ago.  The main reason for the transition is that m… Continue Reading Short Sales May Be Getting Shorter

Posted in Atlanta, College Park, East Point, Fannie Mae, Foreclosure, Fort McPherson, Freddie Mac, Sellers, Short Sale

HARP 2.0 Now Available

Your Guy for That Friday, March 23rd, 2012 No Comments

A reminder that the government-sponsored HARP 2.0 program is now available. This will enable current home owners with loans owned by Fannie Mae or Freddie Mac who purchased prior to May 31, 2009 to refinance despite the current value of their home. If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage.
The two big changes moving forward are that the program allows for an unlimited loan-to-value and allows for the current level of PMI to be maintained if PMI currently required. Second mortgages can’t, however, be rolled into the new loan. … Continue Reading HARP 2.0 Now Available

Posted in Fannie Mae, Feed, Freddie Mac, Interest Rates, Mortgage News, News & Reports, Real Estate

FREE Home Buyer Seminars Return to East Point

Your Guy for That Monday, February 27th, 2012 No Comments

There has never been a better time to enter the real estate market, particularly with climbing rental rates. So why throw away money on rent when you can be your own landlord?

Mortgage rates are near historic lows. Great homes haven’t been this affordable since 1997, and the  market is full of highly motivated sellers. Fairfield Mortgage will be on-site to answer financing questions and to offer pre-qualification.

So you’re interested but don’t know where to start? East Point is offering a free seminar for potential first time home buyers and you are invited to join us at any one of the following seminar dates:
2012 Seminar Dates:
March 17th
May 19th
July 21st
September 22nd
All Seminars will be in the Blue Room at Jefferson Park Recreation Center and start promp… Continue Reading FREE Home Buyer Seminars Return to East Point

Posted in Atlanta, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, FHA, First Time Homebuyers, Foreclosure, Freddie Mac, Fulton County, Green Homes, Hapeville, Home Inspections, Home Maintenance, Interest Rates, Investment Real Estate, Keller Williams, Metro Atlanta, Mortgage Insurance, Mortgage News, News & Reports, Open House, Real Estate, Renting, Taxes
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