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30291 : Real Estate Advice

  • All16
  • Local Info5
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 22
Fri Mar 29, 2013
Chris Irvin answered:
I'm assuming you are talking about the "Atlanta Affordable Homeownership Program" I call it AAHOP. My bank offers this and several other down payment assistance programs for the Atlanta area. I'm very familiar with each of these programs and would glad to assist you with either information or your home purchase. Feel free to contact me to explore your options.

Sincerely,

Chris Irvin
Mortgage Banker
Brand Mortgage
NMLS# 75615/465546
678-251-7889
cirvin@brandmortgage.com
www.chrisirvin.com
... more
0 votes 1 answer Share Flag
Sat Jul 27, 2013
Rodney Mason answered:
I would suggest start doing your research right now. July will be here before you know it.

Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

These links should be able to provide some of the answers you are seeking.

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 with over a decade of mortgage lending experience.

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
0 votes 5 answers Share Flag
Wed Jan 16, 2013
Michael Hammond answered:
You would likely need to check with your HOA and its Covenants, Graeme, to seee if they differentiate between the two Lease options. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 5 answers Share Flag
Wed Jan 9, 2013
Rodney Mason answered:
I do not suggest doing lease purchases. There are simply way too many things that can go wrong with one from either side.

In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.

If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.

The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.

It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.

Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options to see if purchasing might be a possibility for you. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.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 with over a decade of lending experience.

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
0 votes 4 answers Share Flag
Thu Dec 27, 2012
Rodney Mason answered:
Real estate agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a real estate agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a real estate agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

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 with over a decade of lending experience.

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
0 votes 1 answer Share Flag
Fri Dec 14, 2012
Michael Hammond answered:
When was the discharge date, littlewalty? What type loan are you considering? Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 3 answers Share Flag
Wed Dec 12, 2012
Scott Godzyk answered:
You may want to call or email the listing agent directly, they may not see your question here in the q and a section.
0 votes 1 answer Share Flag
Wed Dec 12, 2012
Doundley Edwards answered:
I have tried to get to the Marta authorities but with little luck. However using an address in Union City does not provide an hit for any MARTA stops in that area. Here is the MARTA website for your attention http://www.itsmarta.com/using-marta.aspx ... more
0 votes 3 answers Share Flag
Fri Nov 2, 2012
Alison Hillman answered:
Hey there,

Check out the listings here on Trulia: http://www.trulia.com/for_rent/Union_City,GA/

Hope this helps!

Ali, Community Manager
0 votes 1 answer Share Flag
Sun Oct 28, 2012
Michael Hammond answered:
Please consider using the links below, as well as in web reference, to help answer your questions, Aretha, and call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.spot crime.com
... more
0 votes 1 answer Share Flag
Mon Aug 6, 2012
Ron Thomas answered:
HOMESTEPS is a Fannie Mae program:
You might GOOGLE "homesteps" for more info
0 votes 2 answers Share Flag
Mon Aug 6, 2012
Brandonl asked:
0 votes 0 Answers Share Flag
Thu Aug 9, 2012
Jerry answered:
Yes the properties in this area and much of Atlanta are providing excellent investment opportunities. This property was sold in 2010 for $158,940!! The properties here are modern and on a nice estate. ... more
0 votes 1 answer Share Flag
Sun Dec 30, 2012
barbarabarnett1 asked:
i was interested in moving to hickory lane subdivision, is this neighborhood safe?
0 votes 1 answer Share Flag
Tue Dec 11, 2012
Ron Thomas answered:
This is a key area where a Realtor helps people. Please contact a Realtor and let them represent you; Buyer's Agents are free, their commissions are paid by the Seller!
0 votes 2 answers Share Flag
Tue Apr 5, 2011
Sharyn Willard, SRES, ABR answered:
you may want to call the city and file a complaint
0 votes 3 answers Share Flag
Sun Feb 27, 2011
Michael Hammond answered:
Like with most questions involving real estate, Swwepea, the answer is usually "It depends." If the bottom line answer is "the price/location/size/etc is right" you should likely pull the trigger. The downside to being the only house there, for me, would be an issue of security. No neighbors to watch out when you are not there may prove detrimental. My suggestion would be to approach this as a strict lease, however, and not a lease/purchase for several reasons. Please call or email if we might be of further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.SellsRealty.org

Info@SellsRealty.org
... more
0 votes 4 answers Share Flag
Thu Sep 30, 2010
Mark Lackey answered:
Almost all newer homes were built in sub divisions with HOAs in place. Some have very low fees as an alternative. Send me an email with the price you want to pay and the number of beds and baths and I can set you up to a web site with homes that meet your requirements. Mark@AtlantaHousingSource.com

Mark Lackey
Atlanta Housing Source at
Solid Source Realty, Inc.
Associate Broker
EcoBroker
Mark@AtlantaHousingSource.com
404-886-8789

Services
Home Buyers & Sellers - www.AtlantaHousingSource.com
Property Management – www.SolidSourcePM.com
... more
0 votes 3 answers Share Flag
Sat Jul 17, 2010
davidwbrower answered:
Not really that I've heard of lately. Best thing to do if you have no money is buy a HUD home for $100 down, or buy a USDA loan qualifying home in rural america for $0.00 down. Also, next best option is an FHA loan for 3% down. However, if you discuss this with a qualified loan officer, they may be aware of what products may be out there. Some municipalities are offering down payment assistance for rejuvenation of neighborhood projects. Give my friends a call at Southeast Mortgage and they might be able to answer this question better...

David Neimark, Senior Vice President
Southeast Mortgage
770-279-0222 ext. 702

Sincerely,

David Brower, Managing Broker
Crye-Leike Realtors
678-982-9600
david@davidwbrower.com
... more
0 votes 5 answers Share Flag
Thu Jul 15, 2010
Brad Hartman answered:
Great questions. If you are not on the mortgage but are on title you will not be able to qualify for an FHA mortgage, but if you are not on title you should be able to make that happen. Give me a call if you have any additional questions.

Thanks,

Brad Hartman
bhartman@cmghl.com
404-449-9876
... more
0 votes 2 answers Share Flag
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