203K Renovation Loans

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There is a misconception about the limitations of the HUD 203k renovation amount.  Many lenders state that you can’t do renovation projects that exceed $35,000.  The fact is true, however misleading.  Many lenders are not approved to do a full 203k loan and can only do a 203k streamline which has a limit of only… [Read More]

GA Real Estate Contracts: 2011 GAR Form Changes

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Courtesy of MaryAnn McReynolds of Prudential Georgia Realty Georgia REALTORS® are using new contacts and forms which were changed significantly for calendar year 2011. Few changes were made to the actual Purchase and Sale Agreement, but several new forms were created to make the practice of real estate easier for brokers and agents. Some highlights… [Read More]

If You Bought a Home in 2010

If you bought a property last year and closed by December 31st, 2010, your name should be on the tax records for 2011, even if your deed did not get recorded until January of 2011. Here are a few reminders and tips: 1.      File the homestead exemption if this property is owner-occupied; most counties have… [Read More]

Mortgage Defaults Slow in January 2011

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According to recent reports, fewer homes in US defaulted on their mortgage payments and thus fewer homes entered the mortgage foreclosure processing. The total number of homes which received notice on their default lowered by 1%, in January, 2011. However, still the percentage of homeowners who owe (in mortgage) more than what their house is… [Read More]

Georgia Short Sales: Little Known Facts

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Courtesy of Christy Cole of Bouvette Properties In a short sale, the homeowner NEEDS to sale their real estate, the house is worth less than what is owed on it, and the homeowner does not have the funds to make up the difference owed to the mortgage company. Once a homeowner is to the point… [Read More]

Buying a Georgia Foreclosed Property

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Guest Blog Courtesy of Leigh Clack with Neel & Robinson, LLC When a foreclosed property is being resold by the lender, the buyer is usually asked and often forced to close with the law firm chosen by the seller.  Many buyers and their agents are starting to assert their wishes to close with their choice… [Read More]

Qualifying for a Georgia Home Loan

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Guest Blog Courtesy of Tina Fountain of Tina Fountain Realtors What can You Expect when Applying for a Georgia Home Loan? One of the most frequently asked questions from home buyers of today is: can I get approved for a home loan? Today’s credit environment is decidedly different, with stricter guidelines than ever before. Up… [Read More]

New Georgia Law Changes Property Tax Accessment Procedure

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Guest Blog Courtesy of Leigh Clack with Neel & Robinson, LLC Georgia recently passed “The Property Tax Assessment and Appeals Reform Bill” (Senate Bill 346) on June 7, 2010. Highlights include: 1.     Every property owner will receive an Annual Notice of Assessment and the right to appeal; 2.     Every Notice of Assessment must contain the… [Read More]

Georgia Home Buyers need a Professional Home Inspection

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Today’s Guest Blog provided by GeorgiaHomePros.com You’ve searched and found a home that fits your family.  Now it’s time to make sure it’s safe, sound and will stand the test of time. You need a professional inspector working with only your best interest to determine the condition of the home.  The naked eye usually only… [Read More]

Georgia 203K Loans More Popular than Ever

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Today’s Guest Blog Courtesy of Garrett Feis a HUD Approved 203k Consultant FHA has a little known loan program called 203K.  It is the governments answer to America’s deferred maintenance of existing housing stock.  Most lenders will only lend money on homes that are in good condition or they require the borrower to make the… [Read More]