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Home Buying in Atlanta : Real Estate Advice

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Activity 1,752
Tue Feb 14, 2017
Anitashipley02 answered:
Anyone knows a good, contractor that builds houses that use geothermal heating and cooling systems in Chattanooga TN area? What about building using hemp?
0 votes 12 answers Share Flag
Tue Feb 14, 2017
Alexis answered:
HUD1 Is prepared by the settlement attorney, which is usually the seller's attorney.
0 votes 6 answers Share Flag
Mon Feb 13, 2017
Solomon Greene answered:
Hello Doctor Darren

You are probably quite familiar with the doctor loans available here in Metro Atlanta that offer 100 percent financing, so I will not go into that. But there is a company that operates locally who does just what you describe in your inquiry. Please read the post at the link below.

I welcome the opportunity to speak with you. When time permits, please call for more information.
Thanks and all my best.
Solomon Greene
678-775-2677
... more
0 votes 1 answer Share Flag
Sun Feb 12, 2017
Anational answered:
What happens if the lease purchase option has expired? For example I am the landlord and the tenant had a lease purchase option expired back in 10/2008. They have been renting all this time. Always late with rent but still renting. Now they are 3 months behind and I am ready to move on.
3000 was given to me in 2007 and 12 months went by and they did not purchase. I have been waiting all this time for them to buy but they have not. They are not evening paying rent not. Magistrate court would not evict because they said the matter of "equity" (the 3000) had to be addressed in superior court. Now they are 3 months behind in rent.
We go to Superior court in 2 weeks. I just don't know what to expect.
Any suggestions?
... more
0 votes 14 answers Share Flag
Sat Feb 4, 2017
Luvenbrigitte023 answered:
End your financial problems

Hello all,

I turn to all individuals who need funding for their tell you that I grant loans of money up to 5 000eur? - 9 500 000eur? to anyone able to repay it with interest rate is 3% per year and less from from 1 to 25 year period, depending on the amount requested. If it is a large amount of face-to-face meeting is very important. If you are really in need, please contact me directly by e-mail to get more information, so please contact me by e-mail ... luvenbrigitte023@gmail.com

E-mail ... luvenbrigitte023@gmail.com

Thank you very much
... more
0 votes 186 answers Share Flag
Sun Jan 29, 2017
Solomon Greene answered:
Mon Jan 23, 2017
Jimmy Payne answered:
Very good question. The most recent sales price average for a new home with roughly 2000 sqft in zip 30342 is $525,000. You should probably subtract the cost of the lot from the price, depending on the size of the lot, $50k-70k and divide the sqft into the price, If you are hiring a builder yourself, you should be able to build it for less. ... more
0 votes 1 answer Share Flag
Mon Jan 23, 2017
Jimmy Payne answered:
This is one of the hardest things to do, negotiate when you are not represented and with no leverage. Most (oaky, all) builders operate with the goal of selling with the greatest amount of profit. There is no reason to negotiate after you are under contract. I have found that builders usually over price the cost of add-ons and there are very few options, you may be better off after you buy the house. You also need to check the HOA covenants, they may not allow fences. ... more
0 votes 3 answers Share Flag
Mon Jan 23, 2017
UpNest answered:
Yes, there are honest realtors in the Atlanta area. Have you tried searching on www.UpNest.com? You can find a realtor who can help you with your questions on short sales and down payments. Hope this helps! ... more
0 votes 18 answers Share Flag
Sat Jan 21, 2017
Chasitychristian27 answered:
How do you obtain homeowners insurance on an option to purchase contract? I have renters but my "landlord" does not carry homeowners (just recently found out after tree fell on the house). If our contract is on record could I obtain homeowners? ... more
0 votes 9 answers Share Flag
Sat Jan 21, 2017
Kathy Burgreen answered:
ALL of the answers below left out some important critical information:

1. For ALL purchase and refinance loans, tax authorities (IRS, state) are in 1st position meaning if the owner / buyer is delinquent with payments on their tax liens only, the tax authorities can foreclose on the property and when the home sells, the tax authorities collect what is owed them. If there is still a balance owed on the mortgage loan, the profits from the sale of the house go to the tax authorities - not the lender. Therefore the lender is out the money. The lender is in 2nd position and cannot collect anything.

2. When it comes to property taxes, owners can pay property taxes separate and it does not have to be included in escrow. However, lenders don't trust that buyers will pay property taxes on time, therefore, lenders make it easy for themselves to include property taxes in the mortgage payments so this way the taxes are paid on time. If the taxes ever increase, your escrow payments will increase. If you cannot afford increased escrow payments, your lender will foreclose on your home and they will be in 1st position - not your county because of unpaid property taxes.

3. Lenders are independent contractors and self employed. Therefore, they can pick and choose which buyers to give loans to. If you have tax liens with the IRS or your state, this tells lenders they don't have to give you a loan if they don't want to. It has nothing to do with requirements or IRS rules. It has to do with their business model. Lenders weigh the risks of giving you a loan. If they think it's too risky, the answer is NO. Lenders need to make a profit. Giving a loan to a buyer that has tax liens spells lousy deal for the lender. This is discrimination and it's legal to discriminate if a buyer has tax liens.
... more
0 votes 14 answers Share Flag
Sat Jan 21, 2017
Thomas Martin answered:
Yes you get a loan now.I tell all my clients with lower scores to visit US Mortgage Lender. They have close many homes by getting clients approved even with scores under a 600 for FHA. They have a few lenders that can go down to a 580 for FHA, so If anyone can get you a loan they can..
http://www.fhamortgageprograms.com/
... more
0 votes 10 answers Share Flag
Sat Jan 21, 2017
Thomas Martin answered:
Yes you get a loan now.I tell all my clients with lower scores to visit US Mortgage Lender. They have close many homes by getting clients approved even with scores under a 600 for FHA. They have a few lenders that can go down to a 580 for FHA, so If anyone can get you a loan they can..
http://www.fhamortgageprograms.com/
... more
0 votes 10 answers Share Flag
Fri Jan 20, 2017
Thomas Martin answered:
GEORGIA STATED HOME LOANS- BASED ON BANK STATEMENTS

Borrower must be Self Employed
Personal or Business Statement Accepted
50% MAXIMUM DTI FOR BANKSTATMENTS
24 months to qualify / Mortgage Late Payments, Short Sales, BK = OK!!
Bank statement lenders minimum 580 FICO!



http://www.fhamortgageprograms.com/stated-ga-mortgage-lenders-primary-homes/
... more
0 votes 12 answers Share Flag
Wed Jan 11, 2017
Thomas Martin answered:
FHA requires 3.5% down and a minimum of a 580 credit score with some lenders. The Conventional loan program requires 3% down and a 620 credit score. An FHA mortgage loan officer will be able to help you decide on the best option for you.

http://www.fhamortgageprograms.com/georgia-fha-mortgage-lenders/
... more
0 votes 21 answers Share Flag
Wed Jan 11, 2017
William Polack answered:
I have a private entity that can help you obtain financing to buy a house. Here are the requirements:

Must have a job.
Must be able to refinance out after 3 years but before 5 years (this gives you time to re-qualify for FHA).
Minimum loan amount is $90,000 at a start rate of 9.5 and up.
Minimum loan amount is $60,000 at a start rate of 15%.

Credit is looked at and will dictate your rate. However, credit will not be the reason for being turned down. We don't care about foreclosures, bankruptcy, judgments, collections, lack of credit, too much credit etc.
No down payment required if the purchase price is less than 70% of the appraised value.
... more
0 votes 6 answers Share Flag
Wed Dec 28, 2016
Gsburt68 answered:
why is HOA needed in the first place. Is it really necessary the have an association telling you the rules of what you can and can not do. Condo\ Townhomes I can somewhat understand. But single homes is another thing. If I want to paint my home, want pets, or change the flooring from carpet to hardwood floors. I should not have to ask permission to do so. You might as well rent and come out cheaper than paying mortgages, insurance, and hoa fees. ... more
0 votes 12 answers Share Flag
Wed Dec 21, 2016
Solomon Greene answered:
Hello

Welcome to Metro Atlanta. Suwanee is a wonderful place to work, live and play here in Metro Atlanta. Located mostly in Gwinnett County, the city offers several local family events, including fairs, free concerts, free movies, and more. Plans are also underway to add more living space to the already thriving Suwanee Town Center to accommodate even more people who want to live near a lot of the action.

But you asked about counties. You'll find a link to most of the Metro Atlanta Counties at the link below. One con can be the miserable traffic at times. If you're considering work in Suwanee, please think about Gwinnett, Forsyth, Fulton and Dekalb Counties.

Can't speak much about the taxes or restrictions, but you'll find culture for just about any lifestyle right here in Metro Atlanta.

Welcome
... more
0 votes 1 answer Share Flag
Mon Dec 12, 2016
Melissaramondo1 asked:
Schedule for settlement on Friday. We received a email from the sellers agent that their was a cloud on the title and the morg. payoff was not ordered
0 votes 0 Answers Share Flag
Fri Dec 9, 2016
Michael Salfer answered:
I just closed a deal and received the deed in 3 days. If you have a good lawyer it doesn't take very long. Most of the time it can take 7 to 30 days. Our company averages 10 business days. We have systems in place to help home owners in need. ... more
0 votes 10 answers Share Flag
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