Georgia Short Sale Central

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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Here is Fannie Mae’s take on short sale flipping

Fannie Mae has published this information about short sale flipping.  The information gives tips to lenders (both short sale lenders and buyer’s lenders) on how to identify and stop short sale fraud.   Again, this document further proves how vital it is to work with honest and reputable short sale experts when dealing with a potential short sale transaction. Many lenders are now drafting policies... [Read more...]

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Metro Atlanta Short Sale Fraud

With short sales becoming so prevalent in today’s real estate market, criminals have found new ways to take advantage of the situation.   It is the same scheme that took place during the housing boom when prices where rising rapidly, only now it is reversed and geared toward these changing real estate times.  Unfortunately, these folks looking to commit fraud are preying on poor homeowners... [Read more...]

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Short Sale Approvals

My team has been handling short sales for several years, this is not a niche we have just jumped into recently.  We have been successful at obtaining short sale approvals in many neighborhood across north Atlanta well before the market softened. Some of our recent short sale successes include: Laurel Springs Creekstone Estates Abbotts Mill Peachtree Place Laurenbrooke Gransley Lenders we have worked... [Read more...]

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