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Home Selling in Lithonia : Real Estate Advice

  • All239
  • Local Info32
  • Home Buying55
  • Home Selling5
  • Market Conditions7

Activity 7
Sun Nov 23, 2014
paulbradbury8 answered:
We have a direct genuine provider for BG/ SBLC specifically for lease, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

All inquires to should include the following below:

Complete contact information:
What exactly do you need?
How long do you need it for?
Are you a principal borrower or a broker?
... more
0 votes 7 answers Share Flag
Sat Mar 1, 2014
Nicole answered:
I'm a buyer and I don't even consider homes with tenants. Don't want the headache.
0 votes 7 answers Share Flag
Tue Oct 22, 2013
wayne answered:
Thanks for your question. Unless your contract with the property management company prevents you from listing with another broker, you are free to do so. Please check your management agreement. If there are no restrictions, I will be happy to assist you with the sale. Since the house is occupied, you can expect to attract investor-buyers rather than families. I look forward to hearing from you.

Wayne Early, Associate Broker, CEO
Early Economics, Inc.
Solid Source Realty GA
Cell: (404) 643-5082
Office: (404) 939-8521
Fax: (888) 557-5990
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1 vote 2 answers Share Flag
Sat Jan 5, 2013
Laquita Baez answered:
Paula Rosario,

I am the listing agent for the condo in question.
Feel free to contact me for info. Thanks!

Laquita Baez
Licensed Realtor in GA and NJ
Better Homes and Gardens Real Estate Metrobrokers
404-843-2500 office
973-687-7095 cell
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0 votes 9 answers Share Flag
Fri Oct 14, 2011
John Walin answered:
Good thing you live in a conceal and carry state. I remember seeing Georgia has a fast track foreclosure process, and the sheriff's judicial sale is quick. If you can prove that you cannot afford your current house payment yo have grounds for help. If you have money, stable job history and assets prepare to bring money to close. You need a hardship to have the amount you are short waived by the bank. Your houses value has nothing to do with your ability to pay the mortgage. ... more
1 vote 13 answers Share Flag
Sun Jun 26, 2011
. answered:
I wouldn't say that a loan assumption would be the best solution for you right now; maybe in a perfect world it would be. An assumption DOES NOT automatically release you from liability. It only makes you secondarily liable to the lender for the mortgage, Meaning, your buyer would become primarily liable and if they defaulted on the loan the lender would hold you responsible for the payments. So then you don't have possession of the property, you get no benefits of rental income but you still have to pay off the loan. Remember, this is a buyer's market right now. Think about it; the buyer would have to agree to assume responsibiliy for the FULL balance of the loan. You said that you are upside down on the property now. So for example, lets say the balance is $150,000 but the market value is $100,000. If you were a buyer, would you take responsibility for the balance or would you look for a comparable property on the market for maybe $100k or less? There are probably at least 3 comps in your neighborhood listed at the lesser price right now. You have to think like a buyer b/c they have the advantage now. I am not a mortgage expert but I don't think you have to be to see who has the upper hand right now.
So, if you like, I can provide you with a free no obligation comparable market analysis for your property to see what it may go for in this market and what your competition would be. I also have a couple of charts that may be of some help to you. One is called "Options for Homeowners to Avoid Forclosure" and the other is "Short Sale vs Foreclosure" which tells you how a short sale will affect your credit. I also know of a few certified housing counselors that will sit with you and discuss your options and spell everything out for you. They are nonprofit organizations in the metro ATL area. Once again , good luck with your decision.
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0 votes 9 answers Share Flag
Tue Jul 28, 2009
Lorie Gould answered:
Well said Grace! There are many people who are living in communities that will take years to recover... and I do mean years.
0 votes 5 answers Share Flag
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