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Clean up the mess! $60 = 2 HRS of Home Organization by Drab to Fab Organizing ($120 value)

Clean up the mess! $60 = 2 HRS of Home Organization by Drab to Fab Organizing ($120 value)

Has it been months since you've seen the surface of your dining room table? Can the kids find their homework? Do you have boxes and bags filled with things you need to return, but can't find the receipt?

Fulton Co. hosting foreclosure prevention fair Sept. 24

Fulton Co. hosting foreclosure prevention fair Sept. 24

ATLANTA -- The Fulton County Department of Housing and Human Services' Office of Housing and Community Development are hosting a foreclosure prevention fair on Saturday, Sept. 24.

The fair will be held at Atlanta's Westlake High School from 9 a.m. to 4 p.m. Counselors will be on hand to provide foreclosure counseling and assistance. The counselors will help homeowners assess their current situation and determine if the homeowners qualify for the Obama Administration's Making Home Affordable program.

The Making Home Affordable program helps homeowners get refinancing or loan modifications to help them stay in their homes.

Participants need to bring two copies of the following documents to obtain assistance at the fair:

Eco-Fabulous Explored on Beltline Tour

Eco-Fabulous Explored on Beltline Tour

The Atlanta Beltline project is a diverse 2.8 billion project to renovate neighborhoods, parks and commercial space for an area of the city that will be connected by town-car (incorporating old railroad tracks).  The project incorporates nature and neighborhood's existing materials to create a neighborhood that's "eco-fabulous", as our tour guide called it. Brian Leary, the brain behind this project was a college student who was inspired by a similar plan in Paris.

Every Friday and Saturday at 9:30AM, the Atlanta Beltline hosts a free three hour tour along this beltline that highlights the circle that the town cars will transit. Currently, this Beltline tour is reserved for the next year but I was lucky enough to find a seat, due to a cancellation.

I didn't know what to expect on these tours. When I signed up I had never imagined the tour would take three hours out of my Saturday.

ATLANTA: Below-market interest rates offered for homes

ATLANTA: Below-market interest rates offered for homes

ATLANTA -- Starting Thursday, the Atlanta Development Authority will start to offer 30-year, fixed-rate mortgages at 3.5 percent interest, along with up to $50,000 in down payment assistance.

People applying for the program must meet lender underwriting criteria and must complete a homebuyer's seminar approved by the Atlanta Development Authority, and contribute at least $1,500 toward closing costs. Would-be homeowners participating in this plan will have to move into the designated "targeted area" and have to sell any existing property they own prior to closing on their new property.

The maximum price of the home for those using the down payment assistance program is $252,890; while those not needing down payment assistance have a maximum home price figure of $374,268 they must meet.

Don’t Pass Up Neighborhood Stabilization Program Properties

Don’t Pass Up Neighborhood Stabilization Program Properties

Personally having the opportunity to walk inside several upgraded and renovated Neighborhood Stabilization Program (NSP) homes in the City of Atlanta, one thing is clear to me.  The properties are phenomenal.  Everything inside is new (if it’s not, it certainly is in great condition).  Fresh paint.  Stainless steel appliances. Hardwood floors (in some units) or new carpets.  Fenced-in back yards and/or covered front porches.  These are just a few of the upgrades attracting buyers to the City.  But renters have a great selection of upgraded units too.  Some have granite counters and other amenities I just mentioned.  NSP properties are a great choice for singles, families and college grads who want to live in the City.  If you are in the market to buy and you want to live in the City, I would not pass up the opportunities NSP offers you.   

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.