Short Sales Georgia

Georgia Short Sales in 2012

The real estate market in the north Atlanta area is showing some signs of balance. That being said, we have seen prices slide fairly consistently since our peak in the summer of 2007. The Case-Shiller Home Price index (all of metro Atlanta) shows our market has dropped more than 33% since the peak in July 2007. Even with the market showing signs of stabilization, or slight improvement, we on average... [Read more...]

Short Tips June 2011

Short sales continue to dominate our market with more and more homeowners facing the reality of owing more than their home is currently worth. Right now I am working with sellers on short sales with SunTrust, CitiMortgage, Bank of America, Chase and Wells Fargo. Overall, the processing of short sales seems to be taking less time from start to finish. Both Wells Fargo and Bank of America are using... [Read more...]

CitiMortgage and Keller Williams Partner on Short Sales

CitiMortgageCitiMortgage has selected Keller Williams Realty to partner with in regards to aiding defaulting homeowners facilitate a short sale. Letters will be mailed on June 8, 2011 that will go out to homeowners who are 90-days or more behind in making their monthly mortgage payment. These letters will contain the names and contact information of three Keller Williams Realty agents who service... [Read more...]

Will we see more short sales?

Interesting article in today’s LA Times about a possible settlement with some of this nation’s largest lenders. Read the full article here: LA TIMES. What is not clear is whether this will apply in all 50-states or not. What is clear is that home values continue to fall according to the most recent Case Shiller Index (read report). Metro Atlanta home values have fallen back to 1999... [Read more...]

Things to consider when making offers on attractive short sales

The market has really changed rapidly when it comes to aggressively priced properties. Currently, my team has 6 short sale listings under contract and many of these listings sold within the first few days on the market and most had multiple offers. Several bidders/buyers have been calling our team directly to inquire as to why their offers were not accepted. While there are many reasons certain... [Read more...]