Good news for Short Sales in 2013
January 3, 2013 by Matt Newman · Leave a Comment
While it came down to the wire, Congress threw a bone to distressed homeowners as part of the Fiscal Cliff bill. They extended the The Mortgage Forgiveness Debt Relief Act and Debt Cancellation through Jan 1. of 2014. Without this act in place, it could be possible for a homeowner who completed a short sale to owe what is called a “Phantom [...]
Bank of America offering $2,500 – $30,000* in relocation incentive!
October 4, 2012 by Matt Newman · Leave a Comment
Bank of America is offering some borrowers up to $30,000 to complete a short sale! Yes, you read that correctly. Of course, this short sale program has some guidelines and not all homeowners who attempt a short sale with Bank of America will be eligible. If eligible, Bank of America is using some formula to determine [...]
Short Sale Track Record
March 16, 2012 by Matt Newman · Leave a Comment
Matt Newman and the Newman Property Group have been successfully closing on short sales since 2007 in Metro Atlanta. Bank of America, Chase, Citi, SunTrust, Regions, RBC, and Wells Fargo are just a few of the mortgage lenders who have approved short sales for our clients. In some cases, the difference between the amount owed [...]
Short or Stay Calculator
February 24, 2012 by Matt Newman · Leave a Comment
We are pleased to announce our new “short or stay calculator” (www.ShortorStayAtlanta.com) for the Atlanta Metro Area. This powerful tool will help you evaluate your current situation in regards to how much you owe versus the estimated current value of your home. This tool should just be used as a guide and should never replace [...]
Georgia Short Sales in 2012
January 23, 2012 by Matt Newman · Leave a Comment
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 [...]
Short Tips June 2011
June 7, 2011 by Matt Newman · Leave a Comment
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 [...]
CitiMortgage and Keller Williams Partner on Short Sales
June 2, 2011 by Matt Newman · Leave a Comment
CitiMortgage 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 [...]
Will we see more short sales?
March 30, 2011 by Matt Newman · Leave a Comment
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 [...]
Things to consider when making offers on attractive short sales
March 14, 2011 by Matt Newman · Leave a Comment
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 [...]
2011 Short Sale Predications
January 3, 2011 by Matt Newman · Leave a Comment
Short sales became nearly impossible to avoid in the real estate market across the Atlanta Metro Area during 2010. Whether you were looking to buy a house, trying to sell, or just monitoring neighborhood values, chances are that a short sale listing or sale crossed your path in some shape or form. While some markets [...]
