Facing Foreclosure or Looking for a Great Deal on Atlanta Foreclosures?

For those looking for a great deal on an Atlanta foreclosures, this is certainly the time to take advantage of the situation.  The statistics are rather ugly, but will give you some idea as to how wide open the market is.

As recently as 2000, the 13 county metro Atlanta area had approximately 15,000 advertised foreclosures.

In 2009, the same 13 county area had approximately 117,000 advertised foreclosures.

I am a Certified Distressed Property Expert and can assist you in your search.  If you would like to contact me to discuss your options, please call me at 770-826-5907 or email me at tanderson@remax.net.

Are you facing foreclosure? There may be a better way out!

If you watch the news, you may have the impression that the only people losing their homes to foreclosure are those that participated in risky loans. You know, the greedy homebuyers who wanted to buy the American Dream without putting any money down. Well, that’s just NOT the way it is.

In reality, there are many hardships that can cause the dream of home ownership to turn into a nightmare. Some of these hardships involve payment increases because of mortgage adjustments, but an awful lot are due to things like job loss, divorce, severe illness or death of a family member, military service and deployment, relocation, etc. In these situations, the bills keeps coming and the stress keeps rising and ignoring the bills doesn’t make them or the stress go away. Instead, everything just gets worse.

If you are having a hard time keeping up with your mortgage payments or you are already in the process of foreclosure, there are options. One of those options is a “Short Sale”. A Short Sale is when the lender agrees to accept less for the home than what is owed. Typically, a short sale does far less damage to your credit than does a foreclosure.

On November 30, 2009 The Treasury Department announced its guidelines to streamline the Short Sale process. Here are the highlights from that announcement:

• Lenders must respond to a Short Sale request within 10 days of receipt of the offer package (this process used to take months for a response)
• The seller will be released from all liability regarding the primary mortgage debt (previously the lender could require the family to repay the debt)
• The seller is entitled to a relocation incentive of $1,500
• The property must be listed with a licensed real estate professional who does work in the area

If you would like to explore the possibility of a short sale for your property, avoid foreclosure and save your credit rating, please email me at TAnderson@remax.net and I will be in touch with helpful information. This is a free confidential consultation and should we move forward with the Short Sale process there will be no upfront fees or charges.  I am not only an Atlanta real estate agent, but also a Realtor and a Certified Distressed Property Expert (CDPE Atlanta), as well.