A HUD Home is a foreclosure property that had an FHA mortgage loan. They are Government homes for sale.
All HUD Homes can be purchased with only $100 down and you can borrow up to $5,000 for repairs, also HUD contribute up to 3% of the sales price toward buyers closing cost.
Any additional questions please feel free to contact me.
Reynalda Chavez
HUD Register Selling Agent
770-655-2846 direct
www.reynaldachavez.com... more
Contact The Highlands of West Village leasing office. My husband and I are moving out shortly and they will give you a tour of our townhouse. Awesome community - we are so sad to go! It's a 3 bed/3.5 bath. Wonderful restaurants and beautiful pool. Lots of kids and dogs. 770-432-0456.... more
I would look in the Nickajack and Kings Springs school districts for private rentals in communities with associations and pool/clubhouses.
For instance, along Camp Highland Rd and Cooper Lake Rd.... more
I lived in a condo in 30080 until we had kids and had to upsize to a larger property and moved to a different part of Smyrna. The condo we lived on along Spring Rd really was a fabulous place to live.
There's very aggressive policing in Smyrna. Most of the crime statistics show that it's non-violent crime, traffic violations and domestic disturbances.
I can tell you for certain that it's safer than Conyers and South Dekalb. I'd take Smyrna over Virginia Highlands, Grant Park or Inman Park any day.
There's individual streets with just low-income population which tends to bring higher crime, like Bates Street, but even then, you'll notice no bars on air conditioners or windows, and that should tell you something. It shouldn't be too hard to figure out what areas are too seedy for you. Just visit them at night. However, things can change quickly in Smyrna in a matter of a couple blocks. E.g. go a couple blocks West of Bates street, you have some of the most gorgeous historic homes in Smyrna and very little crime. The police keep things from spreading beyond their source, for the most part. As I said, the policing is very aggressive towards stopping crime.
I still own the condo and rent it out. I left it unlocked for a whole week accidentally, vacant. Nothing happened.
There's not many burglaries or car thefts and the few there are come from transients coming to the area versus stuff right here in Smyrna.... more
Real estate agents are not allowed to comment on whether or not a neighborhood is good or bad. That is research that you would need to do on your own. There are a Federal Fair Housing Laws that prohibit that from happening. It is up to the individual to make their own determination about a specific area. Should a real estate agent comment on such a thing, it could be steering which is a prohibited act.
Some websites to try include:
http://www.crimereports.com
http://www.greatschools.org/
http://www.neighborhoodscout.com
Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing... more
It really depends on your personal interests, budget and where you will be working. Give me a call if you would like to talk through it.
Jackie Dyer, 404-257-8919
I live pretty close to there, in a neighborhood right across Highlands Parkway, closer to West Village. Most "crimes" are domestic disturbances or moving violations. It's unlikely anything will happen to you, especially if you take precautions like having an alarm system. Out of 180 homes in my subdivision there have been a few in the last couple years that had things taken from their UNLOCKED cars overnight and no other crimes that I'm aware of in my subdivision. People have seen transients driving through in these cases and they usually get caught eventually.
There are million dollar homes on Buckner Rd and plenty of half-million dollar homes in Vinings Estates and off Cooper Lake Rd nearby. That should pretty much tell you about the kind of area it is.
There was more to worry about when Bankhead Courts was there right across the border in Atlanta, but it has been torn-down. Things are a lot calmer there now and considering the fact that Bankhead Courts was torn down during the recession, you will probably be on the receiving end of the first appreciation as a result of the destruction of those projects since things are just starting to rebound in the Atlanta area.... more
Until you have signed all of the documents at closing and been given the keys, your loan can be denied at any time.
A true "Pre-Approval" should only be given after an underwriter has reviewed your file. Due to 2010 RESPA changes, most lenders quit issuing Pre-Approvals a couple of years ago. You were most likely Pre-Qualified instead of Pre-Approved.
You should have been given a reason on exactly why your loan was denied.
Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing... more
You have to have paid it down to 80% of the appraised value from the time you took out the loan or get an appraisal showing that you have 20% equity.
If you can't do one or the other then the m.I. will be required.
The occasional late payment shouldn't effect things. It's based on value. Ask your lender about the actual process to get it removed.... more
Miss Goldie,
You can rent or lease from someone with an option to buy however the Banking industry doesn't really give you credit on your payments like they used to. What I find happens most often these days is you make excess payments well above the amount you could just rent it for and then years down the road if the homeowner has an offer to buy from someone else you must be ready to buy. If you can't qualify for financing with the bank to purchase the home by that deadline you forfeit your over payments You would be much better served to rent and take the additional money to (1. pay off old debts, 2. have your credit cleaned, 3. establish at least 2 new Secured credit cards. {most banks require 3 credit lines open for more than a year}, 4. SAVE, SAVE, SAVE)
There is No Work Around for buying a home through the banking industry.
This is not to say that there are not private individuals who will sell you a home with their own financing, but make sure you are aware of these pitfalls:
A. you will most likely pay a much higher interest rate than what the market would offer you.
Example right now FHA 30 year rates are close to 3.75% a private lender may have you pay 6+%
B. your name is not on title, the home can be sold or Foreclosed from under you
I have seen people make all the payments to the owner, but the owner was in hardship themselves, they decided to pocket the money you gave them instead of paying the mortgage they have on it. so then it forecloses and all you can hope for is someone will allow you to continue to rent there until it sells again. Ultimately they own the home and can do what ever they want. Homeowner doesn't like you, you were late 1 time on you payment, your not keeping up the maintenance or treating the house the way they would, they want to move back in it themselves...
C. You volunteer yourself to all the maintenance issues a renter would not pay. Taking on the role of home ownership open you up to the reality of Home Maintenance. much like renting a home is like renting a car. If anything happens to the car (engine over heats, brakes don't work, tires are worn, won't start) you can just turn it back in or get a new one and let the company who owns it take on the expensive stuff. The same goes for a house. Typical fixes, AC or furnace breaks 1,600 - 5,000, Water Heater $1,000, Roof leak $200 - $7,000. In a 4 years, I replaced 2 ac/furnace units, 1 water heater, and $2,000 deductible for replacing the roof. I love to have that $13,000 back. Lawn care, plants, painting nothing you can get your money back on should you leave. I've also seen homeowners take back over the home after the lease to own person renovated the whole home all the work and money gone
D. Remember you are doing Private Financing, not a Home Mortgage you Cannot Write-Off the interest on your taxes, The whole idea about buying a home beyond something over your head is Tax Deductions other wise it's sometimes cheaper and more sensible to just rent
E. What if the price you agree to end up being a lot more than the house is worth, remember you set a expected price on the home as is today not for the value down the road
example - you agree to pay 150,000 based on today's sales, but just like what has happened the last few years, there are a whole lot of poor sales and Foreclosures and now the neighborhood is selling for 60k.
for one you couldn't get financing for anything more than 60,000 you would have to pay them 90,000 in cash for a home that isn't worth it. if you walk away from the purchase they keep all the money you paid them
Here is a true story of a lease purchase gone wrong. I just had a lady call me 3 weeks ago who had been paying on a Lease purchase for almost 10 years. She had put 50,000 down on the home when she 1st moved in. she agreed to a 4,000/ month (or 48,000/year) as lease-to-own payment (500/month to go towards the balance or 6,000 a year). over the years she made an additional 70,000 in cash payments.
So, in ten years she made 6,000 x 10 = 60,000 + 50,000 + 70,000 = 180,000 in payments to the owner
Here's the bad news
1. she had a original purchase agreement with the owner for 440,000 which he said he would finish selling to her for the remaining 260,000 however home sales in the neighborhood were now in the 180,000 range way below where anyone could give her financing. she would have to bring another 80,000 of her own money
2. She never worked on her credit the whole time and could qualify against the credit requirements
3. She had also now retired the year before at 70 years old and didn't make enough to even pay for a 50,000 mortgage payment let alone a 260,000. from 70k/ year down to 16k/ year fixed Social security
Nothing anyone can do for her
*Side note a mortgage at 260,000 would have been nearly 2,000 less a month than what she is still being asked to pay.
My suggestions is to RENT and FIX YOUR CREDIT than to waste your money or time... more
Mill Pond is a great complex and rental rates have been rising over the Summer. You may test out raising the rental rate when the lease renews to try to cover your expenses. Investors are shying away from Mill Pond since there are rental restrictions and a long waiting list.... more
I have a spacious 3 bedroom 1&1/2 bath Brick ranch home in Smyrna, GA for rent for $1000 a month that is available now. Please call if you are interested. Jean Wilsterman Keller Williams Cityside 770-319-5900... more
Questions about schools are what I am hearing a lot. Smyrna schools are not of the Best or Worse. There is a new Elementary coming in next year and a combining of 2 schools. A great website to go to is www.cobbk12.org. It is full of great information on schools in Cobb County.
Mike Price
Keller Williams Cityside
3350 Atlanta Rd
Smyrna, GA 30080
770-874-6251 office
michaelprice1@gmail.com... more
I have several friends who have lived there for years and have raised their kids there. It is a good looking neighborhood and you can get a nice house for a great price. I would suggest taking a look at all the inventory in the area you want to be in and take your time and get to know the area a little. I have lived in the area for 11 years and love the location. As far as crime information I would contact the Smyrna Police Department to get those statistics.
Mike Price
Michael Price & Associates LLC
Realtor
Keller Williams Cityside
Office: (770) 874-6251
Direct: (678) 559-7826 / Fax: (678) 317-9086
Email: michaelprice1@gmail.com
www.pricesellsatlanta.com
www.pricesellsatlanta.listingbook.com... more
My home (FMLS: 5081220) at Paces Ferry and I-285 exit in Paces Ferry Park Subdivision is perfect. I just reduced my price to $415k and with interest rates as low as 2.75% you can get an amazing home in a perfect location for both you and your wife.... more
Description:
Wonderful, convenient location in heart of Smyrna, walking distance to
Market Village restaurants and shops, community center, parks, library and more. Quiet neighborhood, private fenced yard with patio, extra storage, 2 master suites with large closets, gas fireplace, washer/dryer ...
Description:
Tons of space with a finished basement and potential fourth
bedroom! Kitchen h as Stainless Steel appliances, Corian countertops, raised bar and separate breakfast area. Kitchen is open to Family Room with built in bookshelves. Huge master suite with ...
Description:
Pine Hills Apartments is a private 48 unit apartment community
nestled in char ming and convenient Smyrna. Enjoy walking to the Smyrna Village as well as easy access to 75, 285 and the airport. We offer 1 bedroom/1 bath ...