Archive | April, 2012

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Mableton Short Sales March Update

Posted on 25 April 2012 by Aaron Hofmann

We’re back to recap Mableton short sales for March and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In March, Mableton short sales activity was:

  • 33 active homes
  • 21 pending homes
  • 0 closed homes
  • 5 active condos and townhomes
  • 7 pending condos and townhomes
  • 1 closed condos and townhomes

If you’re in the market for a Mableton short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us to get started today.

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Vinings Short Sales March Update

Posted on 24 April 2012 by Aaron Hofmann

It’s time to recap Vinings short sales for March and it’s impact on the current market. Vinings short sales definitely provide an opportunity for the savvy buyer.

In March, Vinings short sales activity was:

  • 1 active homes
  • 0 pending homes
  • 1 closed homes
  • 5 active condos and townhomes
  • 7 pending condos and townhomes
  • 1 closed condos and townhomes

If you’re in the market for a Vinings short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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East Cobb Short Sales March Update

Posted on 23 April 2012 by Aaron Hofmann

It’s time to recap East Cobb short sales for March and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In March, East Cobb short sales activity was:

  • 23 active homes
  • 23 pending homes
  • 7 closed homes
  • 8 active condos and townhomes
  • 2 pending condos and townhomes
  • 1 closed condos and townhomes

If you’re in the market for a East Cobb short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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Roswell Short Sales March Update

Posted on 22 April 2012 by Aaron Hofmann

It’s time to recap Roswell short sales for March and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In March, Roswell short sales activity was:

  • 29 active homes
  • 20 pending homes
  • 6 closed homes
  • 6 active condos and townhomes
  • 9 pending condos and townhomes
  • 0 closed condos and townhomes

If you’re in the market for a Roswell short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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Smyrna Short Sales March Update

Posted on 21 April 2012 by Aaron Hofmann

Let’s recap Smyrna short sales for March 2012 and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In March, Smyrna short sales activity was:

  • 26 active homes
  • 25 pending homes
  • 3 closed homes
  • 22 active condos and townhomes
  • 23 pending condos and townhomes
  • 1 closed condos and townhomes

If you’re in the market for a Smyrna short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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It’s a New Day

Posted on 16 April 2012 by Aaron Hofmann

Bank of America made some changes over the weekend and are now hoping that these changes will reduce decision times on short sale offers to 20 days, which is down from 45 days or longer (with emphasis on the longer). BoA will now be conducting tasks simultaneously, such as document collection, valuations and underwriting. Of course now that BoA says they’re expediting everything, they’re also expediting the back end so that agents only have five days to submit a backup offer should the primary buyer walk away. This should be less of an issue as most buyers walking from short sales do so because they’re waiting a lot longer than the new 20 day period that BoA is targeting.

As of Saturday, April 14th, Bank of America is requiring a new third-party authorization form for newly initiated short sales initiated. And due to the system changes, five documents will be required to process short sales initiated with an offer in Equator (their online short sale management tool):

  • A purchase contract including buyer’s acknowledgment and disclosure.
  • HUD-1.
  • IRS Form 4506-T.
  • Bank of America short-sale addendum.
  • Bank of America third-party authorization form.

So for all of us Atlanta Short Sale Realtors, let us hope that this is truly meaningful change and not something more than another attempt for some positive PR from BoA. We certainly work hard to help Atlanta homeowners avoid foreclosure and we definitely appreciate it when the banks are up to the task. But rest assured, no matter how the processes change, we will continue to assist your short sale needs and keep fighting for you every step of the way.

Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when negotiating Atlanta short sales. Protect yourself and work with the short sale experts.

Contact us to get started today.

 

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Mableton Short Sales February Update

Posted on 03 April 2012 by Aaron Hofmann

We’re back to recap Mableton short sales for February and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In February, Mableton short sales activity was:

  • 33 active homes
  • 19 pending homes
  • 4 closed homes
  • 6 active condos and townhomes
  • 6 pending condos and townhomes
  • 0 closed condos and townhomes

If you’re in the market for a Mableton short sale, whether a single family home, condo or townhome, we’re here to help. Our team is lead by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us to get started today.

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Dunwoody Short Sales February Update

Posted on 02 April 2012 by Aaron Hofmann

It’s time to recap Dunwoody short sales for February and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In February, Dunwoody short sales activity was:

  • 5 active homes
  • 4 pending homes
  • 0 closed homes
  • 8 active condos and townhomes
  • 2 pending condos and townhomes
  • 0 closed condos and townhomes

If you’re in the market for a Dunwoody short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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Alpharetta Short Sales February Update

Posted on 01 April 2012 by Aaron Hofmann

It’s time to recap Alpharetta short sales for February and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In February, Alpharetta short sales activity was:

  • 55 active homes
  • 44 pending homes
  • 4 closed homes
  • 23 active condos and townhomes
  • 20 pending condos and townhomes
  • 3 closed condos and townhomes

If you’re in the market for a Alpharetta short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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Sandy Springs Short Sales February Update

Posted on 01 April 2012 by Aaron Hofmann

In a recent article by Business Insider titled, 10 Cities Where Homebuyers Can Get Steals On Short Sales, the Atlanta-Sandy Springs-Marietta metro area made the top 10 list. So let’s recap Sandy Springs short sales for February and it’s impact on the current market. With 41% of all homes sold in Q4 2011 in metro Atlanta being distressed properties, it’s important to understand the influence that short sales have on today’s market and to keep an eye on the market.

In February, Sandy Springs short sales activity was:

  • 22 active homes
  • 36 pending homes
  • 3 closed homes
  • 44 active condos and townhomes
  • 38 pending condos and townhomes
  • 4 closed condos and townhomes

If you’re in the market for a Sandy Springs short sale, whether a single family home, condo or townhome, we’re here to help. Our team is led by a Certified Distressed Property Expert and experienced in the nuances faced when purchasing short sales. Protect yourself and work with the short sale experts.

Contact us today to get started.

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