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Atlanta : Real Estate Advice

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Activity 2,105
Wed Feb 27, 2013
Bruce Ailion answered:
Twitty,

A credit union is an excellent source for a home loan. A little known fact is Georgia credit unions are exempt from paying the State intangibles tax of $3.00 per thousand, so on a $200,000 loan you will save $600. Best wishes on your home purchase.

Sincerely,


Bruce Ailion,
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
RE/MAX Hall of Fame – REALTOR Phoenix Award
CRS, CRB, ABR, MSRE, CDPE, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Internet Professional
203K Certified Specialist
Attorney
2050 Roswell Road
Marietta GA 30062
404-978-2281 Direct
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
770-973-9700 Office
bruce@locationlocationlocation.com
www.LocationLocationLocation.com
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0 votes 13 answers Share Flag
Thu Mar 28, 2013
Michael Cheng answered:
Thu Apr 4, 2013
Shane Milne answered:
You can get your credit scores by applying for credit (mortgage, auto loan, credit card, etc.) or you can go to the various online websites to get them there - but since everyone wants to know their credit score, and they are willing to pay to find out, that is why you are being charged or are required to sign up for some additional service, as it's coveted information.

You can get a free credit score estimate at http://www.myfico.com/ficocreditscoreestimator/?AID=10436269&PID=2336164 however it's not your actual credit score.

The BEST place to get your credit REPORT is from the official website https://www.annualcreditreport.com and they are free once a year from each bureau (Equifax, TransUnion, Experian).

The BEST place to get your credit SCORE is http://www.myfico.com because that website provides your FICO score, and that is what all of us mortgage lenders use. Other websites out there will sell you your credit score, but it's based on the Vantage credit scoring system, and no mortgage lender uses Vantage credit scores.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
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0 votes 6 answers Share Flag
Wed Feb 27, 2013
Lee Taylor answered:
I just wrote this email to my client, looking at a shadow inventory house in Underwood Hills - copy/paste:

"Nothing on record for lease or for sale in either MLS going back years. Someone held this for awhile.

So what are some of your thoughts on this shadow of shadows?

And, dude - a highway house?

What if the highway needed work?

What if debris flew into your yard?

What about the noise?

How long will it take to resell when you want to resell it? Well a good place to start is with this shadow of shadows of a property, and with a bank as the defaulted owner struggling with a house that is quite difficult to value unless you value it low low low...

I can not suggest paying more than $150000 for this house - you could lease this for $1500-1700, maybe, as long as it's in good shape..."
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0 votes 7 answers Share Flag
Tue Feb 26, 2013
Tim Moore answered:
NOPE. The bank is going to lose money because it is a short sale and they don't like that so they are in no big hurry to do so. A bank waiting an extra 3 weeks for a loan to go through is not even noticeable in a process that can take 4-5 months if it even happens at all. To the bank losing money it is all about how much they will lose, not the time to do it. ... more
0 votes 10 answers Share Flag
Mon Apr 6, 2015
Fred Yancy answered:
In a couple of years it will be required of all new home builders to install sprinklers in new homes but this is not yet the case. A sprinkler system is not cheap and in a flip you want to go in, make improvements and upgrades but still be able to walk away with making a profit. I just can't see installing a sprinkler system as being perceived as a worthwhile investment at this time. Unless, of course, if it is a condo or townhome - then yes absolutely install a system if one does not already exist. ... more
0 votes 14 answers Share Flag
Wed Mar 6, 2013
Aleta C. Saunders answered:
There are many progressive throughout the metropolitan Atlanta area, Brookhaven, Vinings, Inman Park,etc. it depends on what kind of services you are looking for. I would love to assist you with search. You may contact me at

Aleta C. Saunders
PalmerHouse Properties
678-849-6920
Aleta.c.saunders@gmail.com

Look forward to welcoming you to Atlanta!
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0 votes 16 answers Share Flag
Sat Feb 23, 2013
Lee Taylor answered:
Hire my friend Julie - her office is just around the corner...

Check the web reference for Julie's profile!
0 votes 5 answers Share Flag
Wed Feb 20, 2013
Lee Taylor answered:
Yes, and what is your budget?

Oak Grove is one of the fastest moving rental submarkets in Atlanta for rentals above $2000...
0 votes 1 answer Share Flag
Mon May 6, 2013
Jason Pless answered:
The potential downfall of renting privately is that you are at the mercy of your landlord to fix things in need of repair. If your A/C goes out in middle of Summer and your landlord is out of town- ouch! With limited private inventory out there available, I have found in recent months that you get a heck of a lot more bang for your buck if you lease an apartment than renting a condo. The difference is who you write the check to at the first of the month. Other than that, apartments normally offer better locations and better amenities at the same price, along with onsite maintenance to help with any day-to-day issues that may arise.

Most apartments built after 2005 were built condo-grade and design, meaning they potentially will do a full-on condo conversion once the market fully stabilizes. Right now you have the opportunity lease brand new apartments/condos and walk away from them when your lease is up. No HOA fees to use the amenities is an upside too. But the greatest advantage of all is the reputation of a management company and the services it provides to its residents. If the icemaker isn't working when you leave for a jog, it is when you get home. If the controlled access security gate to the property breaks, a management company is much better prepared to react and have it fixed than scrambling to find the HOA President to see if he can get ANYTHING done without a vote from the homeowners in the building.
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Thu Jan 12, 2017
Susan Davis answered:
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Sun Feb 24, 2013
Courtney Gore Smith answered:
because the lender if taking a shortage on what the seller actually owes it has to go through a chain of commands and investors to get the sales price approved (shortage)
0 votes 5 answers Share Flag
Wed Feb 20, 2013
Robert A Whitfield Broker answered:
Hi Ag,

There are no apartments in the Tritt Elementary school district - and I am pretty certain there are no two bedroom homes (circa 1900 - 1950) in this upper income East Cobb community school district.

For apartments you have to go north towards Roswell in Fulton county (good schools) or south toward the Cobb Parkway area ( fair to po0r schools)

Good luck.
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0 votes 0 Answers Share Flag
Sat Nov 2, 2013
Rodney Mason answered:
It really all depends on when the late payments started vs when you moved out and relocated. Pelase call me to discuss your details.

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 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.
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0 votes 13 answers Share Flag
Tue May 17, 2016
Rodney Mason answered:
Hi Luis,
A lot loan would only be for a vacant lot. A property with a home already on it would not qualify as a lot loan. You are most likely looking at some type of a secured loan that is not realyl a mortgage. Be prepared to pay high interest rate if you are ablre to find someone even willing to lend.

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
Sat Feb 23, 2013
Thom Abbott answered:
Will depend on the owner and listing agent. But most likely your lease would need to be in EVERYONE's name and EACH would need a credit report. (If students, you are probably looking at parents co-signing your lease)

Hey, I was a college student once too, and there is always the concern of rowdy students, and damage to the home. I actually have a house full of college kids (at least I think) and all girls across the street from me. Other than issues with them mowing their yard, they not a problem.

You'll have to consider parking ( 4 people, 4 cars, big enough driveway or off street parking) Be prepared to have each person provide rental and personal references. Possible interview by the landlord to have a comfort level of the people renting. If you are all employed now ( no longer in college) this is a big plus.

Let me know how we can help!
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0 votes 3 answers Share Flag
Sat Feb 23, 2013
Robert A Whitfield Broker answered:
I might be able to help you - depending on your expectations and goals.

Give me a shout.


Best,

Robert Whitfield
Broker/Owner
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Advantage Realtors
678-585-9691
RobertWhitfield.com
TheHomeBuyersRep.com
Corporate Relocations | New Construction | Luxury & Investment Properties
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0 votes 6 answers Share Flag
Thu Jan 21, 2016
Robert A Whitfield Broker answered:
No where that I know of.

You might (depending on your credit problem and cash position) try offering 2-3 months of security deposit instead of one.
0 votes 7 answers Share Flag
Sat Feb 23, 2013
Michael Hammond answered:
What type investment property and what expected ROI are you seeking, Tarak? 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/
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0 votes 10 answers Share Flag
Sat Feb 23, 2013
Giovanni Russo answered:
This is where I would go!

Let me know if you'd like an introduction.

http://www.emmettcarr.com/

Giovanni M. Russo

Real Estate Consultant |



www.TodaysAtlantaRealEstate.com
mobile 404.310.9661 | direct 404.604.3936 | fax 404.604.3937

Keller Williams Realty of Buckhead, 2345 Peachtree RD NE, STE A, Atlanta, GA 30305

Giovanni.Russo@kw.com
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