Georgia Short Sale Central

Updated Short Sale Approval Letter Samples

Please visit the Short Sale Approval Sample Page to view recently updated short sale approval letters. We have added some recent approvals from CitiMortgage, SunTrust and Bank of America. We are in the process of adding additional letters from RBC, Chase, Regions and several other lenders. If you are someone you know is facing a financial hardship, please call the Newman Property Group at 678-250-4500... [Read more...]

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August 2010 Short Sale Update

2010 has been a busy year for us with short sales really dominating the market.  We have successfully closed short sales this year with most of the larger lenders such as CitiBank, Chase, Bank of America, SunTrust and many more.  In addition, we have worked with several local banks and credit unions.  Every situation is unique and no two short sales (even with the same lender) are every alike. Many... [Read more...]

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Short Sale Approvals!

Great news today on the short sale front.  It seems that every short sale I am working on is making progress. I am happy to announce several recent short sale success stories. 1.) Received an approval on a First Franklin mortgage in less than 20-days, yes calendar days!  We were assigned a negotiator within 24-hours of faxing over the package.  She quickly ordered an appraisal and here we are today... [Read more...]

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Changes for Buyers of Short Sales in Atlanta

One thing in real estate that is constant is change.  Our primary MLS here in the Atlanta Metro, FMLS, has released a series of changes that will impact how buyers and real estate agents search for short sales.  The new options that have been added to listings are: 1.) “possible short-sale”  or 2.) “short-sale approved” This issue is that most agents will not go back in to... [Read more...]

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Short Sales will dominate in 2010 and beyond across North Atlanta

Today’s release of the S & P Case-Shiller Index justifies that any recovery in the Atlanta housing market is only slight and that short sales will be the story for 2010 and beyond.  The numbers released today show an equivalent home price value to what we last saw in June of 2001.   Most homeowners that I come across in Roswell, Alpharetta, Cumming, Duluth and Johns Creek all purchased... [Read more...]

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