The rumors are circulating that the Obama administration is trying to throw more money at underwater homeowners.  The Obama plan, which may be revealed on August 17, would help those owners’ whose home is worth less than what they owe on it.

An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of approximately $800 billion!  Will this plan help the politicians or homeowners?  read the entire article  

 Everyone is talking about short sales these days.  As a Seller, are you qualified for a short sale on your property? Or, are you a Buyer, wanting to buy a home this way? Depending on your perspective, Seller or Buyer, it is not something for someone who is impatient or for someone who is unrepresented.

What are the parameters and prerequisites for a short sale? If you want/need to short-sell your home, what paperwork does a lender need? Do you know how much time is involved in a short sale? Do you know what a short sale’s consequences are and what you can expect in the long-term if you sell your property this way? What if you buy a short sale; is it different from a traditional sale?

If you would like a confidential discussion regarding the short sale of your Atlanta property, or if you would like to purchase an Atlanta home that is being sold through a short sale, call or email me.  I am a Certified Distressed Property Expert (CDPE) and I can help. Don’t wait to Experience True Experience!