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Dawsonville : Real Estate Advice

  • All35
  • Local Info1
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 11
Sun Nov 11, 2012
Anna M Brocco answered:
Fri Jan 20, 2012
Laquita Baez answered:
Are you searching for rentals or a home to purchase?
Here's a website where you can do a custom search for homes.
Good Luck!
0 votes 2 answers Share Flag
Tue Nov 8, 2011
Rodney Mason answered:
I don't understand why you need a recommendation for an appraiser. Lending guidelines do not allow the buyer, agents, or loan officer to have any say in the appraiser used to complete an appraisal. If you order an appraisal, it would be for your personal use only. It could in no way be used in a mortgage transaction.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia

Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream | Jumbo Financing
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Tue Apr 17, 2012
Russ Garmon answered:
Im not an attorney but it depends on what lien is foreclosing, usually an IRS lien and property tax lien or prior recorded lien would still need to be satisfied or released.
I have seen examples where someone was thinking they were buying the first mortgage but in fact was a second and still had prior lien that would need to be satisfied or subordinated.

Consult with an attorney.
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0 votes 2 answers Share Flag
Fri Jun 10, 2011
Scott Godzyk answered:
It is common for a lack of comps these days especially for a home like yours, a good appraiser will use the most similar homes and adjust for differences. The loan officer should get a new appraisal instead of a denial, at this point you may want to look for anew bank or mortgage company and tell them up fornt of your problem so you dont face it again. good luck ... more
0 votes 4 answers Share Flag
Sat Jan 15, 2011
Dusty Rhoton answered:
The best person to get advice from is your local realtors in your area. Ask them to provide you with a Market Analysis of the neighborhood and see exactly how many are on the market, whether they have dropped their prices, and how LONG they have been listed. Most realtors provide this service for free, so find one you like and maybe get several and compare the data to make you more informed. The best way to make a decision is to see exactly what the market (buying public are doing).

If you can't outdo the "competition" you might want to also try staging the condo and making it more inviting. Do virtual tours, offer to pay closing costs, ....just be creative and have FUN! There are so many options these days! Think of it as an opportunity in work clothes! LOL!

Then, it would be best to speak with your financial planner, CPA, etc. and get their advise after you have done some preliminary research on the neighborhood. Good Luck!
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Sat Jan 15, 2011
Don Tepper answered:
You can request it. But you're unlikely to get any of it.

Check the application and see how the money was to be applied, and whether the application says the fee was reimbursable. I suspect some of the money was used for the appraisal. You paid for and received an appraisal. The fact that it wasn't what you'd hoped it would be is irrelevant. You paid for a service and you got a service.

And you're correct--your application wasn't denied; it just wouldn't make sense for you to proceed.

Your numbers, though, are a bit confusing. You say you paid $140,000 for the property, but the appraisal is for $140,000--$2,000 less than you owe. So you now owe $142,000 on a house you bought a year ago for $140,000? How'd that happen?

But back to your main point. Read your application paperwork and see if any of it's refundable.

Hope that helps.
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Sat Jan 15, 2011
Tori Lawson, ABR answered:
Hi Bambam,
What is constituting fraud in this case? Can you be a little more specific? Are you currently represented by a Realtor? Please advise how I may assist you.
Thank you,
Tori Lawson
Prudential GA Realty
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Mon Jun 20, 2011
Joshua Jarvis answered:

Please contact me. I work with investors ready to consider your home in the short sale process. I might be a bit away from you, but it is still likely I can help.

If someone contacts you that is closer, by all means consider them.

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Fri Dec 18, 2009
Hank Miller answered:
This is a miserable process overall as you probably know - one of the main reasons is that there is no standard method of dealing with short sales and many lenders make it much more difficult than it needs to be.

I complete appraisals for lenders with distressed properties and have had a few listings go that way, on the buy side I've scored several deals for clients. That said, I don't believe there's anyone that's an "expert" in this arena - too many variables. The best that you can hope for is an agent that can present a well prepared argument to a lender demonstrating that a short sale is in their best interest and that they should complete one of given the opportunity. As many of these are decision by committee, this can become a very frustrating process. At the end of the day, the agent has to get you out of the situation in the best shape possible and still placate the lender - tricky operation.

I'm happy to offer an opinion; my contact info is below -

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
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Fri Dec 18, 2009
Patty Da Silva answered:
Hello Miammons,

I am very sorry to hear about your situation.
You should contact an Realtor who is experienced in selling pre-foreclosure homes.
A short sale will stop the foreclosure and its severe consequences. Short sales are complex transactions so knowledge and experience are key.
If you do know a Realtor in the area where the home is located, I will be happy to refer you one.
Please call/email me anytime. =)

Help lots of people and have a great day!!!

Patty Da Silva, CDPE©
Real Estate Short Sale Specialist®
At Home with Diversity®

Licensed REALTOR® & Mortgage Broker - Senior Financial Advisor

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