November 2010

Found 8 blog entries for November 2010.

River Plantation -

River Plantation is a cozy swim/tennis neighborhood community located in north Duluth on Peachtree Industrial Blvd. It is nestled beautifully between the Chattahoochee River and the Suwanee Creek, with homes built on both bodies of water. Not only is River Plantation graced with relaxing waters but is also tucked within a nature type setting with an abundance of mature hardwood trees. Providing a feel of being in the country, while being conveniently located to shopping, entertainment, and restaurants. Homes are priced between the $300’s to low $400’s.

River Plantation's amenities include a junior Olympic size pool and a children's splash pool to relax by during the hot Atlanta summer days. River Plantation also has a Pavilion with

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Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but remain 19.1 percent below the 5.60 million-unit pace in September 2009 when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November.

Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure moratorium, according to the

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As approved HUD Brokers we not only have the ability to represent clients in the purchase of a HUD home, but are also eligible to purchase them ourselves.  This particular property had been appraised by HUD for $87,000 in its current “as is” condition.  Upon viewing the property and evaluating the upside potential, we determined that we should enter into the bidding process to buy this property.

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The bidding process is an online bidding process which is initiated by an approved HUD broker.  This bidding process starts with verification of funds if paying cash, or verification of loan pre-approval.  Once verified by the broker, and a hard copy of the buyers offer is signed, the broker may then enter the offer amount into the on line format.  One thing

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With the recent changes to FHA mortgage insurance going into effect on October 4, 2010, I know the questions on whether or not to use an FHA versus a conventional loan will pick up again. Consumers will want to know how the new guidelines impact the total monthly payments on conventional and/or FHA loans.

Whether or not to get an FHA or conventional loan should be up to a borrower’s unique situation. In order to accomplish this, borrowers should always speak to a mortgage consultant who take the time to ask probing questions about their situation and goals instead of quoting rates for the same loan program to everyone that comes their way.

That being said let me try to shed some light on the latest change by using the example of a borrower looking to

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With all the changes in the world of real estate it is funny how things really remain the same. When I bought my first house back in the 1970’s an FHA insured loan was the only way to go. After a few years though, FHA loans lost their popularity not only with the public but also with real estate professionals (lenders, agents, etc). Today you can pretty much bet that the typical home sale will be closed using an FHA insured loan, especially with the current maximum FHA loan limits being typically $346,250 in the Metro Atlanta area. So what does this mean to you and me?

First the home will most likely be professionally inspected to the standards of HUD/FHA. This means that everything should be in good working order and that all the utilities are

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Are you interested in buying a home? If so, the first item on your agenda is to be sure you have an acceptable credit score. What is a credit score? There are three repositories in the USA that rate your credit in the form of a credit score. They are Equifax, Experian and Trans Union. How do you find out your credit score also known as your FICO score? The best source is your selected mortgage lender or a website known as Myfreecreditscore.com.

Once you have determined your FICO score. It is important you know that the mortgage lender will require a mid FICO score of 640. A mid score is determined by not the highest or the lowest but the middle score rated by the only three repositories in the United States (Equifax, Experian and Trans Union).

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I know winter is near when my wife starts bugging me about fire wood. Fireplaces and wood stoves are great fun and provide a warm, cozy, romantic environment for our homes, but we need to review some do’s and don’t for the safe operation of a fireplace.

Building a Real Wood Fire

  • Assemble a simple set of tools for maintaining the fire. You will need some type of poker to move logs as needed when the fire is hot.
  • Always use a grate in the fireplace. The grate raises the wood off the base of the firebox to allow for air circulation, which aids complete combustion. Place the grate to the rear of the firebox.
  • Use dry or seasoned hardwood. Hardwoods will burn hotter and prevent excessive smoke and soot from building up in the chimney flue. Dry or
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One of the best kept secrets in Johns Creek. Nestled quietly between Sargent Rd, Findley Dr and McGinnis Ferry this subdivision consisting of approximately 90+ homes has held its value better than many over the last several years. Built approximately 17 years ago Carriage Park continues to be a great place to call home and a wise place for a home investment.

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Carriage Park is a community where the children attend Findley Oaks Elementary, River Trail Middle, or the newNorthview High. One of the several new high schools built in the area to provide the learning facilities in the North Fulton area.

Carriage Park provides a wonderful place to walk since the main road Carriage Park Lane makes a loop. Additionally sidewalks line the areas streets which

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