Short Sale

A moment for Boston

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

7 smart ways to tweak your online home search

Buying Advice: If you’re like most buyers, you start your house hunt on the Internet. Here’s how to pare down those options and find the homes that are right for you.

© Rex Features

Scouring real-estate search engines is a little bit like online dating. An overwhelming number of homes are available, but probably only a few are right for you.

To cut down on your time in front of the computer and to boost your knowledge about the market, we’ve gathered some tips for searching for homes online, as well as some advice on vetting the neighborhoods you have your eye on.

In this edition of Buying Advice, we’ll also check in with the latest housing stats and find out where the biggest foreclosure bargains can be found. (Hint: Think East Coast.)

Use the searc… Continue Reading 7 smart ways to tweak your online home search

How to get a mortgage without a credit score

Here are the alternative routes to approval.
By Michele Lerner of HSH.com

© OJO Images/Getty Images

For many homebuyers, establishing credit came naturally once they began working, applied for a credit card, took out a car loan or paid back student loans. But what about potential homebuyers who don’t have a credit score, either because they are averse to credit cards or have yet to build up a substantive credit history? Can they still apply for a mortgage?

The answer is yes, but “it’s exceedingly difficult to obtain a mortgage without a credit score,” says Tim Ross, president and CEO of a mortgage company, in Royal Oak, Mich. “Lenders use automated underwriting systems that base a loan decision on certain criteria, including a credit score. But there are s… Continue Reading How to get a mortgage without a credit score

Housing Recovery Revs Up As Home Resales Rise

 

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

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

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!

Realtors Support Setting Deadline for Subordinate Lien Holder Short Sale Decisions

A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days.

The legislation, “The Fast Help for Homeowners Act,” was offered in Congress today by U.S. Rep. Jerry McNerney (D-Calif.) and is strongly supported by the National Association of Realtors®.

“As the leading advocate for homeownership, Realtors® know that issues and delays with secondary lien holder remain an obstacle to streamlining the short sale process,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “Short sale negotiations are much more difficult for borrowers who have multiple servicers involved and ongoing delays continue to se… Continue Reading Realtors Support Setting Deadline for Subordinate Lien Holder Short Sale Decisions

FREE Home Buyer Workshop: July 21, 2012

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

Short Sales May Be Getting Shorter

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

Now Search BOTH Georgia & First MLS at BuyEastPoint.com

Yes, Metro Atlanta has two multiple listing services and Your Guy for That, Dustin Drabot allows you to search BOTH systems in one tool.

You will find that FMLS provides you with additional information and photos, but may not include all listings. Georgia MLS includes more listings, particular distressed sales including bank-owned and short sales, but may provided limitted information and photos. Now, you don’t have to choose between quality and quantitie because Your Guy for That, Dustin Drabot is your key to BOTH!

Plus, BuyEastPoint.com also gives you advanced search tools letting you search East Point homes for sale by neighborhood, school, property type and more…. Continue Reading Now Search BOTH Georgia & First MLS at BuyEastPoint.com

FREE First-Time Home Buyer Seminar this Saturday

Your Guy for That, Dustin Drabot is bringing another First-Time Home Buyer Seminar this coming Saturday, September 24th starting at 1:00 PM in the Jefferson Park Recreation Center.
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.

Get More Info Here
Register fo… Continue Reading FREE First-Time Home Buyer Seminar this Saturday