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Ormewood Park : Real Estate Advice

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  • Local Info3
  • Home Buying4
  • Home Selling0
  • Market Conditions1

Activity 10
Thu Sep 15, 2016
Byron Weston answered:
Fri Oct 31, 2014
answered:
On a 500K purchase price you will need 15-20% down payment with most lenders. We offer 10% down or 90% LTV JUMBO program nationwide.

Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been offering loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.

Bart Gabe - Lending Nationwide Since 1987

800 315 8803

www.bartprequalifies.com

bart@bartprequalifies.com
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Mon Feb 10, 2014
kbarner answered:
OMG! Do not buy in Kirkwood especially if you have school age children...schools are not good unless you go Charter. There is high crime in Kirkwood area...robberies mostly but there was a recent murder in the last month of a young man on a bike trail. Kirkwood would be for a couple with no kids and to pay 400K there would be a shame. You should buy in City of Decatur if you want to have your kids in good schools and you may be able to get a small home in that price range...it is crazy expensive to live in Decatur. Fernbank area is also excellent Elementary schools right outside of Kirkwood and Decatur...Hope this helps. ... more
0 votes 15 answers Share Flag
Mon Nov 25, 2013
Jaquillia Jones-Garrott answered:
The answer is 3.5% but the real question is what lender can/will do that amount. I have 5 preferred lenders I work with from big box to home grown. Call me with your email address and I'll send my list over. 404.457.0869 ... more
0 votes 7 answers Share Flag
Sun Apr 21, 2013
davidshammer answered:
Hello Jimo711, I have just finished renovated a home on Faith Ave in Ormewood. We never had a break in or our tools stolen(even though I left them on the front yard)

David Sturm
Attention to Detail Home Remodeling
770-649-7743
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Sun Dec 9, 2012
Rodney Mason answered:
If purchasing a HUD REO property, then the minimum down payment would be $100 as long as the credit score is 640+.
0 votes 6 answers Share Flag
Wed Nov 28, 2012
Chris Colvin answered:
This is an old question, but still very relevant to today - if not more so.
Closing is 45-60 days minimum. So keep your eye on any extensions/deadlines and make sure the realtor is as well. Otherwise you will be on the court house steps looking to buy it out of a complete circus. The Full K and Streamline K are only different in a couple ways - one allows load bearing work and anything that can be dreamed up (Full K) and requires the HUD Consultant, the other (Streamline) is generally for basic repairs/upgrades under $35k... but certain levels of copper theft and unique damage may flip it in to a Full K at U/W review. Your process? Qualification docs are basically the same... except on a Full K the Consultant builds the Work Write Up and HUD package (scope for the U/W & Appraiser to consider), and assists with bid. Honestly, this loan is saving the country one house at a time - so go forth and renovate. ... more
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Sat Feb 25, 2012
David Herren answered:
Greer,

I am very sorry to hear about your car break in. I have lived in Grant Park for almost 20 years, and yes I can say break-ins happen, but they are rare. If you take reasonable precautions to avoid being a target, you can greatly lessen the chances of being a victim. As for the commute, the outbound drive will be steady and predictable, inbound can be tricky depending on what events are going on downtown. On balance though, the benefits of living intown far outweigh the negatives. Pedestrian friendly streets, great restaurants, parks, the zoo, quick access to art, theater and sports venues, and just 10 minutes to the airport.

Good luck in your home search!
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Tue Sep 21, 2010
John Clark answered:
Wow Hank I guess you're another one of those appraisers milling out appraisals for next to nothing using old fmls pics instead of taking the time to drive by because the bank doesn't pay you enough to do the job right? Yes it is Atlanta and it is street by street. That being said:

http://www.atlantaga.gov/client_resources/nspdatamap_abandonment_risk_1-10%20%283%29.pdf

Note that Ormewood Park/Glenwood Park (yes the whole are not just a street or two as you portend) have a very low foreclosure risk. And yes they stopped going up in value but overall they went down little to not at all.. Check the data. You should have it at your fingertips. Your beloved Buckhead has a higher foreclosure risk than this area. If appraisers would have done their job right in the first place a lot of this mess would not have happened.
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Sun Jun 7, 2009
Karen Colbert answered:
As you can see the answer is pretty unanamious. While I am an agent with Keller Williams I have 20 years banking experience and I would not advise my client to do a 203K without the support of an agent and a loan officer who specializes in this type of transaction. I met with representatives of HUD, Fannie Mae and the homebuilding industry just yesterday
. Did you know that in Georgia there is almost $59,000/person available to repair and purchase homes?
By trying to do this on your own you will never know if you qualify for any of this money and not need a 203K loan.
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