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Roland Lorans Team - 770-866-2561

Sell My House Fast GA Home Selling Expert TEAM

By Roland Lorans | Agent in Dacula, GA
  • 10 Reasons a Person Needs GA Short Sale Mortgage In Case Things Happen Allstate Buford Dacula GA

    Posted Under: General Area in Dacula, Market Conditions in Dacula, Credit Score in Dacula  |  June 7, 2011 7:22 AM  |  1,450 views  |  1 comment

    Insurance is designed to protect a person and the family from disasters and financial burdens. There are many kinds of insurance of which, the basic and most important is considered to be life insurance. It provides for the dependants after your death.

    Since there are certain financial commitments you need to meet throughout life and do contribute in some way to the family income, you need to provide something even in death—to secure the home, help the family meet expenses for a while, protect dependant parents, or secure the children or spouse.

    Financial obligations could include funeral expenses, unsettled medical bills, mortgages, business commitments, meeting the college expenses of the children, and so on.

    How much insurance a person needs would vary, depending on lifestyle, financial needs and sources of income, debts, and the number of dependants? An insurance adviser or agent would recommend that you take insurance that amounts to five to ten times your annual income.   It is best to sit down with an expert and go through the reasons why you should consider insurance and what kind of insurance planning would benefit you.

    As an important part of your financial plan insurance provides peace of mind for any uncertainties in life.

    1. Life insurance correctly planned will on premature death provide funds to deal with monies due, mortgages, and living expenses. It offers protection to the family you leave behind and serves as a cash resource.

    2. It secures your hard earned estate on death by providing tax free cash which can be utilized to pay estate and death duties and to tide over business and personal expenses.

    3. Life insurance can have a savings or pension component that provides for you during retirement.

    4. Some policies have riders like coverage of critical illness or term insurance for the children or spouse. There are certain rules regarding eligibility for riders which you will need to determine clearly.

    5. Having a valid insurance policy is considered as financial assets which improves your credit rating when you need health insurance or a home loan or business loan.

    6. In case of bankruptcy, the cash value as well as death benefits of an insurance policy is exempt from creditors.

    7. Life insurance can be planned such that it will cover even your funeral expenses.

    8. Term life insurance has double benefits, it protects and you can get your money back during strategic points in your life.

    9. Insurance protects your business from financial loss or any liabilities in case a business partner dies.

    10. It can contribute towards maintaining a family’s life style when one contributing partner suddenly dies.

    Insurance is vital to good financial planning and security but you would need to assess your personal risk and long term commitments. Insurance stands a person in good stead throughout life and can be used in case of emergencies during a life time by requesting a withdrawal or loan.

    Please contact our agency today for more information.

    We are here to Help You...

    Roland Lorans Agency

     


     

  • What You Need to Know about Second Short Sale Home Financing Buford Dacula GA

    Posted Under: Market Conditions in Buford, Financing in Buford, Credit Score in Buford  |  June 3, 2011 10:51 AM  |  697 views  |  No comments

    What You Need to Know
    about Second Home Financing

    The changing lifestyles of Canadians are affecting how and where we live. Fortunately, mortgage lenders and insurers have created mortgages that meet these needs.

    The lowest possible down-payment is 5% of the purchase price. Down-payments can come from a number of sources and can include savings, Registered Retirement Savings Plan withdrawals, borrowed funds, gifts, sweat equity and cash-back mortgages from the lender.

    Different lenders have different guidelines, and a mortgage professional can help you choose the right lender.

    The source and amount of down-payment affect the minimum credit score the mortgage lender will allow. If the mortgage is high-ratio, the minimum credit score is 620. If you’re using nontraditional sources of down-payment, the minimum credit score is 650.

    Debt service ratios are a major consideration for these mortgages. If your score is less than 680, the maximum debt service ratio is a gross debt service (GDS) ratio of 35% and a total debt service (TDS) ratio of 42%. If your score is 680 or over, GDS ratio doesn’t apply and the maximum TDS ratio is 44%.

    The property requirements for a second family home are that it be located in Canada and be suitable and available for year-round living. The last requirement is that when the mortgage closes, the property must be lived in by you or a relative on a rent-free basis.

     

     

    Please contact our agency today for more information.

    We are here to Help You...

    Roland Lorans Agency

     

  • Now is the TIME to Buy GA Short Sale Homes - We All Need a Place to Live - a Rain Storm of House Deals

    Posted Under: Market Conditions in Dacula, Home Buying in Dacula, In My Neighborhood in Dacula  |  September 15, 2010 4:10 AM  |  777 views  |  No comments

    Now is the TIME to Buy GA Short Sale Homes - We All Need a Place to Live - a Rain Storm of House Deals

    Georgia Short sale investors and those sitting on the sidelines waiting for the "perfect time to buy" would do well to take notice of the current economic policies of the nation. For those that haven't yet noticed, "bail-outs" are big business...in fact, it seems nearly every big business in the nation is standing in line waiting for their share. The same goes for state and local districts throughout the nation as they scramble to compensate for lower spending and fewer taxes.

    What many people forget is that sooner or later all the bills must be paid by someone; and that someone is typically the average citizen. The end result is always the same; "hidden taxes" in the form of fees, assessments and other costs that can drive up the price of a home even while the market rates remain more or less unchanged.

    We have talked about the impact of inflation and interest rates on the total cost of real estate with the conclusion that now is the right time to buy. If that wasn't enough to convince you take the plunge with short sale investing then consider this; state and local governments (not to mention federal) need to make up budget deficits any way possible. One of the most popular ways throughout the history of this nation is to increase the fees and other costs associated with building a new home. In fact, the cost of compliance often results in less - rather than more- affordable housing options for years to come. Here are just a few of the ‘hidden" taxes, assessments, fees and other expenses likely to increase faster than the rate of inflation in coming years:

    •1. Increased time and cost of building permits. Longer lead times and complexity also results in increased cost to the builder and eventually the buyer.

    •2. Updated building code requirements including new energy efficient and eco-friendly regulations that can add hundreds or even thousands of dollars to the cost of a home.

    •3. Higher per square foot land/lot development including Higher impact fees.

    •4. Mandatory infill policies.

    •5. Higher property taxes.

    •6. Reducing parking allotments.

    •7. Increased per unit fees associated with lower density developments.

    •8. Mandatory ADA/physical barrier compliance changes.

    These types of fees don't make a significant difference, recent research conducted by the University of Washington found housing regulations in Seattle added an average of $200,000 to the cost of the average home in the city between 1980 and 2006. During the same period of time, the cost of a home in Seattle went from $221,000 to $447,000...of which $200,000 was due to growth restrictions, impact fees, zoning regulations and development requirements.

    Times Have Changed...But People still need a Place to Live...Make money in Rentals

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    I'll show you how to buy a short sale property and a get a Free List.

    Send me an e-mail at rlorans@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (770) 866-2561.

    Discover how other sellers successfully completed a short sale and request a free consultation.
    Thinking about a loan modification? Our Atlanta Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender.

    Thanks for reading this, Roland Lorans.

    Call US Today !!!

    Roland Lorans Team

    Your Home SOLD TEAM

    Keller Williams Realty

    Chateau Elan

    Village Way Suite 160

    Braselton GA 30517

    Direct: 770-866-2561

    Office: 678-425-1988

    RLorans@Gmail.com

    View My homes for sale at HelpMeBuyMyHome.

    Roland Lorans specializes in Loan modification assistance and Home Short Sales in Hamilton Mill Dacula, Buford, Suwanee, Alpharetta GA and Metro Atlanta Georgia

  • Hamilton Mill Dacula Ga Short Sale Update... Should We Be Moving From our Home During a Short Sale and Who Pays for the Truck

    Posted Under: Market Conditions in Dacula, In My Neighborhood in Dacula, Property Q&A in Dacula  |  August 31, 2010 5:40 AM  |  585 views  |  No comments

    Hamilton Mill Dacula Ga Short Sale Update... Should We Be Moving From our Home During a Short Sale

    One of the questions We are often asked when consulting with a Georgia home owner about short sales is whether or not they should move out of the home.

    Sometimes life circumstances dictate that it would be more convenient to live somewhere else. The answer to this questions is an easy one. Leaving a home during a short sale is not a good idea!

    If at all possible it is far more wise to remain in your home when trying to complete a short sale.

    There are some lenders that consider a home owner moving out of their residence as “abandonment”. When abandonment comes into play you can often times see the lender trying to fast track the foreclosure proceedings. This of course is not something you really want to monkey around with.

    It is not uncommon to see a lender send out an independent firm that will visit the home and see if the owner is still present. If the short sale inspector reports that the home is vacant, there are times when these companies are ordered by the bank to change the locks and secure the property.

    There are numerous times over the last three years that I have been called by these types of short sale inspection companies. The party line is always the same. They get a phone call from the lender asking them to stake out the property and find out what the current status is. Of course when they get to the home they end up seeing my Real Estate sign and then give me a phone call.

    When this happens I explain that we are doing a short sale and it is not necessary for the locks to be changed. In my experience these short sale inspection companies are usually pretty good and understand the short sale process. When I tell them it is not necessary for the locks to be changed they usually comply. This is not to say that they won’t end up changing the locks at some point down the road.

    There was one time despite the fact that I told the company not to change the locks that they did so anyways on orders from the bank. This of course is illegal. The bank has no legal right to change the locks on a property they do not own especially if it has not been abandoned.

    When a property is abandoned the bank position is that they have the right to protect their asset. There are any number of things that can go wrong in a home when it is vacant. One of the most common is pipes freezing. When this happens you can easily have a situation where significant damage can occur. Water damage is further enhanced by the likely hood of getting mold. These kind of issues are what the lenders are trying to avoid when they secure a property.

    The bottom line is if you are able to stay in your home during a short sale then this is what you should do! When I 1st started working with Atlanta short sales a few years ago, it was very typical to request that the bank postpone a bank foreclosure sale in order to entertain or continue to process a short sale transaction.

    Recently it has become increasingly more difficult to get the mortgage lender to agree to postpone the foreclosure sale especially if it is a Fannie Mae loan. Moving out during a short sale could further increase the chances of the lender being difficult to work with.

    We specialize in Metro Atlanta Georgia Short Sales, Free Loan Modification Information and the greater Metro Atlanta area.

    Hamilton Mill Dacula Ga Short Sale Loan Modification Update : Press Release

    We can help you find Your way through the Short Sale process with dignity and support, as We have with many people so far.... We Work with an Attorney and Para Legals to get the Short Sale Done.

    Loan modification and short sale services to avoid foreclosure, lower mortgage payments, reduce principle balances, re-structure mortgages, avoid bankruptcy.

    Call Today and Get Your FREE $29.95 EBook or Audio File $$$ on Short Sale and Loan Modification

    Contact Us Today!

    The Consultation is Free:

    Roland Lorans TEAM an Award Winning Nationally recognized leader in his field

    Better Homes and Garden Real Estate Metrobrokers

    2725 Hamilton Mill Road, Suite 2400 Buford, GA 30519

    Office: (404) 843.2500

    Direct: (678) 406.8451

    Fax: (678) 765.5050

    Email: Roland.Lorans@Metrobrokers.com

    http://www.RolandLorans.com/

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    Serving Gwinnett County Real Esate, Dacula, Duluth, Buford, Lawrenceville, Suwanee, Chateau Elan and more. Gwinnett and North Fulton areas covered as well as South Hall, Jackson and Barrow Counties

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  • Hamilton Mill Dacula Buford GA Short Sale - The Whole Truth About Pending Homes Sales Hit New Record Low Again - Get Out Now

    Posted Under: General Area in Dacula, Market Conditions in Dacula, In My Neighborhood in Dacula  |  August 30, 2010 5:27 AM  |  628 views  |  No comments

    Hamilton Mill Dacula GA Short Sale - The Whole Truth About Pending Homes Sales Hit New Record Low Again - Get Out Now

     

    The index of pending home sales fell to a new record low and replaced last month’s reading of a new record low. If that sounds like a broken record you have listened carefully.

    Pending-home sales have fallen below the worst numbers seen in the housing crash and going back to the inception of this measurement.

    Two months in a row of pathetic pending-home sales inventory figures will surely change months of units for sale. They are currently at 8.9 months and far above the average 5.8 months. The record high inventory is 11.3 months in April 2008.

    Prices for residential real estate have been flat since August 2009, but are down 30% from their peak. Pending home sales suggest a new fall – for those with eyes to see and ears to hear.

    Lawrence Yun, NAR chief economist, has a different take on it. “Since home prices have come down to fundamentally justifiable levels” Dr. Yun said today, “there isn’t likely to be any meaningful change to national home values.” That’s a brave forecast. I wonder if Dr. Yun is a renter or an owner? Is his home on the market? If his child was buying a home today, would he mention the record-low buyer demand?

    We specialize in Gwinnett GA Short Sales, Free Loan Modification Information and the greater Metro Atlanta area.

    Hamilton Mill Dacula Ga Short Sale Loan Modification Update : Press Release

    We can help you find Your way through the Short Sale process with dignity and support, as We have with many people so far. We Work with an Attorney and Para Legals to get the Short Sale Done.

    Loan modification and short sale services to avoid foreclosure, lower mortgage payments, reduce principle balances, re-structure mortgages, avoid bankruptcy.


    Suwanee GA Bank Owned Homes

    Serving Gwinnett County Real Esate, Dacula, Duluth, Buford, Lawrenceville, Suwanee, Chateau Elan and more. Gwinnett and North Fulton areas covered as well as South Hall, Jackson and Barrow Counties

    Please call The Roland Lorans TEAM Today
    Keller Williams Lanier Partners
    24/7 Free Recorded Message at 770-866-2561

    Fax: 678-262-2363

    Rlorans@gmail.com

    Get FREE valuable Information
    www.GAHomesTEAM.com

    Gwinnet County Foreclosures

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    Buford Dacula Suwanee GA Bank Owned Homes

    Serving Gwinnett County Real Esate, Dacula, Duluth, Buford, Lawrenceville,

    Suwanee, Chateau Elan and more. Gwinnett and North Fulton

     areas covered as well as South Hall, Jackson and Barrow Counties

    Visit Short Sale Superstars

  • Professor advises underwater homeowners to walk away from mortgages - Before it is too Late - Hamilton Mill GA Dacula

    Posted Under: Quality of Life in Dacula, Market Conditions in Dacula, In My Neighborhood in Dacula  |  August 29, 2010 5:41 PM  |  892 views  |  No comments

    Professor advises underwater homeowners to walk away from mortgages

    The article below is from the LA Times and Professor Brent T. White is echoing my thoughts on upside down loans/mortgages.  If you are upside down on real estate you should consider walking away. Do not look at it emotionally… it needs to be a business decision.  He touches on the ego and moral issues that the lender uses but it is even easier than that to describe… when the loan was taken out the agreement was if the borrower did not make the payments the lender would foreclose on the house and trash your credit (and possibly pursue shortages depending on the state you live in).  But the reality is most lenders are not chasing foreclosure shortages because it does not make financial sense. So the deal was if you don’t pay they get the house and trash your credit and if you are down 50k, 100K, 250K the best deal you can take may be to let the house be foreclosed.

    Big Legal Disclaimer: I’m not an attorney nor do I give financial advice

    Brent T. White, a University of Arizona law school professor, says that it’s in the homeowners’ best financial interest to stiff their lenders and that it’s not immoral to do so.

    Reporting from Washington -

    Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong.

    That’s the incendiary core message of a new academic paper by Brent T. White, a University of Arizona law school professor, titled “Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis.”

    White contends that far more of the estimated 15 million U.S. homeowners who are underwater on their mortgages should stiff their lenders and take a hike.

    Doing so, he suggests, could save some of them hundreds of thousands of dollars that they “have no reasonable prospect of recouping” in the years ahead. Plus the penalties are nowhere near as painful or long-lasting as they might assume, he says.

    “Homeowners should be walking away in droves,” White said. “But they aren’t. And it’s not because the financial costs of foreclosure outweigh the benefits.”

    Sure, credit scores get whacked when you walk away, he acknowledges. But as long as you stay current with other creditors, “one can have a good credit rating again — meaning above 660 — within two years after a foreclosure.”

    Better yet, homeowners can default “strategically”: Buy all the major items they’ll need for the next couple of years — a new car, even a new house — just before they pull the plug on their current mortgage lender.

    “Most individuals should be able to plan in advance for a few years of limited credit,” White said, with minimal disruptions to their lifestyles.

    What kind of law school professorial advice is this? Aren’t mortgages legal contracts? In so-called anti-deficiency states such as California and Arizona, mortgage lenders have limited or no legal rights to pursue defaulting homeowners’ assets beyond the house itself, White said. In other states, lenders may decide that it is not worth the legal expense to pursue walkaways, or consumers may be able to find flaws in the mortgage documents, disclosures or underwriting to challenge the original contract.

    The main point, he said, is that too often people’s emotions get in the way of clear financial thinking about mortgages, turning them into what he calls “woodheads” — “individuals who choose not to act in their own self-interest.” Most owners are too worried about feelings of shame and embarrassment after a foreclosure, and ignore the powerful financial reasons for doing so.

    We can help you find Your way through the Short Sale process with dignity and support, as We have with many people so far. We Work with an Attorney and Para Legals to get the Short Sale Done.

    Loan modification and short sale services to avoid foreclosure, lower mortgage payments, reduce principle balances, re-structure mortgages, avoid bankruptcy.

    Call Today and Get Your FREE $29.95 EBook or Audio File $$$

    Contact Us Today!

    The Consultation is Free:

     

    Please call The Roland Lorans TEAM Today
    Keller Williams Lanier Partners
    24/7 Free Recorded Message at 770-866-2561

    Fax: 678-262-2363

    Rlorans@gmail.com

    Get FREE valuable Information
    www.GAHomesTEAM.com

    Gwinnet County Foreclosures

    Gwinnett County Foreclosed homes

    Buford Dacula Suwanee Georgia Foreclosures

    Buford Dacula Suwanee GA Foreclosed Homes Foreclosures

    Buford Dacula Suwanee Foreclosured Homes

    Buford Dacula Suwanee GA Bank Owned Homes

    Serving Gwinnett County Real Esate, Dacula, Duluth, Buford, Lawrenceville,

    Suwanee, Chateau Elan and more. Gwinnett and North Fulton

     areas covered as well as South Hall, Jackson and Barrow Counties

     

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  • Hamilton Mill Dacula GA Short Sales - How to write a Great Short Sale Hardship Letter - Even if You Never wrote one Before

    Posted Under: Market Conditions in Dacula, Foreclosure in Dacula, In My Neighborhood in Dacula  |  August 29, 2010 6:45 AM  |  600 views  |  No comments
    Hamilton Mill Dacula GA Short Sales - Press release update
     How to write a Short Sale Hardship Letter Short Sale Facts







    We specialize in Gwinnett County GA Short Sales, Free Loan Modification Information and the greater Metro Atlanta area.
    We can Help You sell your home

    Hamilton Mill Dacula Ga Short Sale Loan Modification Update : Press Release

    We can help you find Your way through the Short Sale process with dignity and support, as We have with many people so far. We Work with an Attorney and Para Legals to get the Short Sale Done.

    Loan modification and short sale services to avoid foreclosure, lower mortgage payments, reduce principle balances, re-structure mortgages, avoid bankruptcy.

    Call Today and Get Your FREE $29.95 EBook or Audio File $$$

    Contact Us Today!

    The Consultation is Free:

    Please call The Roland Lorans TEAM Today
    Keller Williams Lanier Partners
    24/7 Free Recorded Message at 770-866-2561

    Fax: 678-262-2363

    Rlorans@gmail.com

    Get FREE valuable Information
    www.GAHomesTEAM.com

    Gwinnet County Foreclosures

    Gwinnett County Foreclosed homes

    Buford Dacula Suwanee Georgia Foreclosures

    Buford Dacula Suwanee GA Foreclosed Homes Foreclosures

    Buford Dacula Suwanee Foreclosured Homes

    Buford Dacula Suwanee GA Bank Owned Homes

    Serving Gwinnett County Real Esate, Dacula, Duluth, Buford, Lawrenceville,

    Suwanee, Chateau Elan and more. Gwinnett and North Fulton

     areas covered as well as South Hall, Jackson and Barrow Counties

     

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