Without a doubt, EVERYONE is looking for a deal if they are in the real estate market. Barely a day goes by that I don’t get a call asking me about foreclosures and short sales.
Tag Archives: foreclosure
Wayback Wednesday… Forsclosure Thoughts, 2007
- Wednesday, 09 December 2009 08:30
- Written by Lane Bailey
- 0 Comments
In December of 2007, we hadn’t given almost a billion dollars to banks. But the government and the blogosphere was abuzz with talk about bailing out home owners.
The November Gwinnett County Market Report is Posted
- Thursday, 03 December 2009 13:28
- Written by Lane Bailey
- 0 Comments
We have just put up the Preliminary Market Report for Gwinnett County, GA in the new market reports page. It is interesting to see the disparity between the upper reaches and the entry level portions of the real estate market in Gwinnett.
Short Sales, Bank-Owned and Credit Pulls
- Thursday, 19 November 2009 18:48
- Written by Lane Bailey
- 3 Comments
A few days ago I wrote about how the purchase offering process is having issues… issues that are especially apparent on Bank-Owned Properties (we call them REOs).
Banks are often requiring that ALL offers be accompanied by pre-qualification letters from specific approved lenders (perhaps even from their own loan department). In other cases, the brokers representing the properties are interjecting this “requirement” on their own.
This morning, local (and nationally syndicated) radio talk show host, Clark Howard mentioned
Job Loss/Mortgage Payment Insurance for Buyers!
- Monday, 16 November 2009 22:06
- Written by Lane Bailey
- 2 Comments
We are pleased and excited to announce the roll-out of a new program for buyers… Job Loss Insurance.
This is a cool program to take a little bit of apprehension out of buying a home. In effect, it is an insurance policy that protects the buyer in case of job loss. The policy will make up to 6 payments during the first year of ownership if you lose your job involuntarily (two periods up to 3 months each). It is available with coverages up to $2000/mo.