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Aaron Mtuanwi's Blog

By Aaron Mtuanwi | Broker in Lithonia, GA
  • It is all about Credit

    Posted Under: Home Buying in Atlanta, Financing in Atlanta, Credit Score in Atlanta  |  February 20, 2014 1:15 PM  |  351 views  |  No comments
    We all know that most buyers head out into the real estate buying crowd without the first preparation that has to be made.
    What determines buying ability is CREDIT SCORE/HISTORY.
    It is very important for buyers to know what their credit ratings are, fix errors and make improvements and then talk to a bank or Loan Officer.
    It is not out of place if a Real Estate agent is contacted first. This provides buyers with a One-Stop home shopping.
    For anyone that may be credit challenged, hoping to buy a home soon, PLEASE FOLLOW this Link. It is an AWESOME service that can improve your credit legally and worry-free
  • Sellers Calling the Shots, Bidding Wars are Back

    Posted Under: Home Buying in Atlanta, Home Selling in Atlanta, Foreclosure in Atlanta  |  May 31, 2013 6:08 AM  |  1,530 views  |  1 comment
  • The fact (and fiction) about school test scores

    Posted Under: General Area in Atlanta, Schools in Atlanta, Home Buying in Atlanta  |  March 25, 2013 5:54 PM  |  1,620 views  |  No comments
    By Great Schools http://www.greatschools.org


    My HomeSearch
  • A New Look

    Posted Under: Market Conditions in Lithonia, Home Buying in Lithonia, Home Selling in Lithonia  |  March 18, 2013 9:43 PM  |  1,589 views  |  No comments
    I have update my info with a better and easy to use search panel for buyers and detailed property and neighborhood info for sellers. Search Here
    As always, it is my pleasure to exceed your expectations.
  • Hiring Business Development Executives Nationally

    Posted Under: Home Selling in Atlanta, Agent2Agent in Atlanta  |  March 12, 2013 10:35 AM  |  1,510 views  |  No comments
    RealEstateAuctions.com. Our company is currently active in many states and expanding to all 50. I'm hiring Business Development Executives / Team Leaders across the country. 

    Each Business Development Executive / Team Leader will represent a territory of about one million people divided up by counties in a particular state. The roles and responsibilities include, but are not limited to, the following:
    1. Manage Three Project Managers
    2. List Bulk Properties
    3. List Individual Properties
    4. Coordinate with Operations Team
    5. Report to Corporate
    6. Attend Corporate Meetings
    7. Conduct Team Meetings
    8. Recruit
    9. Train
    With our lead generation capabilities, coupled with the expectations of lead generation from each of the teams, we anticipate an annual closing auction volume range in excess of $20 million each. The Business Development Executive is expected to earn $320,000 to $800,000-plus annually.
    Qualifications to be a Business Development Executive / Team Leader are:
    1. Must have an active real estate license in the state that you will be servicing and transfer it under RealEstateAuctions.com
    2. Must have experience in auctions and/or agree to go through extensive auction training
    3. Must have experience in managing people
    4. Must be committed full-time to the position
    If you would like more information about being a Business Development Executive / Team Leader for RealEstateAuctions.com, please email your information to me, Aaron Mtuanwi, at aaron.mtuanwi@gmail.com. Please understand that there may be a high volume of responses and it may take a few days to respond to all inquiries, but all will be answered. Your patience is appreciated.
  • Good news: FHA Waives Anti-Flipping Rule Through Year-End to Speed REO Sales

    Posted Under: Home Buying in Atlanta, Home Selling in Atlanta, Financing in Atlanta  |  January 6, 2012 7:18 AM  |  2,505 views  |  No comments


    The Federal Housing Administration (FHA) is extending the temporary waiver of its property anti-flipping rule through the end of 2012.

    FHA rules typically prohibit insuring a mortgage on a home owned by the seller for less than 90 days. In 2010, however, the agency waived this regulation, and later extended the waiver through 2011.

    The new extension announced late last week will permit buyers to continue to use FHA-insured financing to purchase HUD-owned and bank-owned properties, no matter how long the homeowner has held the title, through December 31, 2012.

    FHA says the waiver will allow homes to resell as quickly as possible, helping to stabilize real estate prices and revitalize communities experiencing high foreclosure activity.

    “This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment and blight,” said Carol Galante, FHA’s Acting Commissioner. “FHAremains a critical source of mortgage financing and stability and we must make every effort that to promote recovery in every responsible way we can.” According to FHA, the waiver contains strict conditions and guidelines to prevent the predatory practice of property flipping, in which properties are quickly resold at inflated prices to unsuspecting borrowers. Among these conditions, all transactions must be arms-length, with no link between the buying and selling parties. In addition, in cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will apply only if the lender meets specific conditions, and documents the justification for the increase in value. FHA’s property-flipping waiver is limited to forward mortgages, and does not apply to the agency’s Home Equity Conversion Mortgage (HECM) for purchase program. Since the original waiver went into effect on February 1, 2010, FHA has insured nearly 42,000 mortgages worth more than $7 billion on properties resold within 90 days of acquisition. The agency says its own research has found that in today’s market, acquiring, rehabilitating, and reselling foreclosed properties to prospective homeowners often takes less than 90 days. As a result, FHA says prohibiting the use of its mortgage insurance for a subsequent resale within 90 days would adversely impact the willingness of sellers to consider offers from potential FHA buyers, namely because they would be required to cover holding costs and the risk of vandalism that comes with allowing a property to sit vacant over a 90-day period of time.

  • Bernanke calls for nationwide REO rental program

    Posted Under: Market Conditions in Atlanta, Home Buying in Atlanta, Foreclosure in Atlanta  |  January 6, 2012 7:06 AM  |  1,669 views  |  No comments


    The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy.

    Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses.

    In a letter Wednesday to ranking members on the House Committee of Financial Services, Reps. Spencer Bachus, R-Ala., and Barney Frank, D-Mass., Bernanke said that inefficiencies in the foreclosure and mortgage origination processes are dragging on the economic recovery.

    However, solutions are available, he added.

    "Preliminary estimates suggest that about two-fifths ofFannie Mae’s REO inventory would have a cap rate above 8% — sufficiently high to indicate renting the property might deliver a better loss recovery than selling the property," Bernanke's staff writes in a supporting white paper.

    "Estimated cap rates on the Federal Housing Administration's REO inventory are a bit higher — about half of the current inventory has a cap rate above 8% — because FHA properties tend to have somewhat lower values relative to area rents," they said.

    According to the white paper, Atlanta holds the largest amount of government-sponsored enterprises REO (5,000). Second place tieholders: Chicago, Detroit, Phoenix, L.A., are all below 3,000, by way of comparison.

    In a scenario of declining house prices such as this, homeownership should be promoted, according to the white paper. Indeed, they argue that in many cases REO-to-rentals may be inappropriate. Yet unless mortgage origination requirements, with tighter underwriting standards, are loosened in the immediate future, borrowers may have little choice but to rent.

    Furthermore, support for such a program will cost mortgage servicers, bond investors and even taxpayers. But it may be a sacrifice for the greater good.

    "Some actions that cause greater losses to be sustained by the GSE in the near term might be in the interest of taxpayers to pursue if those actions result in a quicker and more vigorous economic recovery," the white paper states.

    Write to Jacob Gaffney.

    Follow him on Twitter @jacobgaffney.

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