Avoid Georgia Foreclosure

Short Sale Town Home in McDonough, Georgia

Wed, 03 Feb 2010 09:29:52 GMT

Elva Lee | Solid Source Realty GA | 404.226.2085

121 Madeline Court, Mcdonough, GA

REDUCED!! Short Sale Roomate Plan Townhome

2BR/2+1BA Single Family House

offered at $41,400

Year Built	2003
Sq Footage	1,540
Bedrooms	2
Bathrooms	2 full, 1 partial
Floors	2
Parking	Unspecified
Lot Size	0.2 acres
HOA/Maint	$33 per month

DESCRIPTION

Bargain Bargain Bargain! Country Quiet...City Slick.

Gorgeous like-new townhome with garage, entry foyer, gleaming hardwoods throughout, wall-o-wall carpet upstairs.

Spacious, airy and bright, with a cozy fireplace in the great room, and breakfast bar separating the kitchen and dining area. Like-new appliances. Loads of cabinets and solid surface counter space making cooking and prep a breeze..

The second floor features two master suites with walk-in closets, and a laundry room.

Enjoy outdoor entertaining? There's room for that, too, with a private deck and plenty of green space in the common courtyard.

Come see. You'll want to make it your own.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Walk-in closet	- Hardwood floor
- Tile floor	- Living room	- Dishwasher
- Refrigerator	- Stove/Oven	- Microwave
- Laundry area - garage	- Balcony, Deck, or Patio	- Yard

OTHER SPECIAL FEATURES

- End Unit with 2 Master Suites

ADDITIONAL PHOTOS

Gleaming Hardwood	End Unit with Garage
Solid Surface Counters	2 Huge Master Suites
Light and Bright	Private Deck

Contact info:

Elva Lee

Solid Source Realty GA

404.226.2085

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 1, 2010, 9:00am PST

Got a question? Contact me at elva@BransonLee.com

Elva Branson-Lee -- Short Sale Specialist, CDPE Advanced

Solid Source Realty GA

Serving the south-east metro Atlanta communities, including Henry County, South Dekalb County, South Fulton County, East Atlanta and Clayton County

Good News for Atlanta Georgia Short Sales

Fri, 29 Jan 2010 14:46:04 GMT

Most of the short sale specialists I work with were pretty excited last May, when the Obama administration first hinted about its new guidelines for streamlining the short sale process.

Those guidelines got sidelined by legal issues for months last year, but now -- GOOD NEWS!! In December, the long-awaited "new rules" were finally issued.It is anticipated that lender who adopt these short sale guidelines will now have a much smoother and faster overall process -- a benefit to all parites involved.

The new program, which is scheduled to begin this coming April, will also provide financial incentives for loan servicers and home owners to engage in short sales when borrowers who are eligible for the Home Affordable Modification Program (HAMP) don't qualify for a loan mod.

This means that home owners could not only save themselves from the embarrasment and trauma of foreclosure by doing short sales. They could also get a cash contribution at the closing table towards their relocation expenses -- up to $1500!

I'm sure we can all agree, that's good news.

Got a question? Contact me at elva@BransonLee.com

Elva Branson-Lee -- Short Sale Specialist, CDPE Advanced

The Best Atlanta Short Sales Team, Solid Source Realty GA

Serving the south and east metro Atlanta communities, including Henry County, South Dekalb County, South Fulton County, East Atlanta and Clayton County

Short Sale - Everybody Wins

Sat, 23 Jan 2010 20:40:38 GMT

Short Sales can be a 3-way Win.

First let me say, there is nothing "short" about a typical short sale, other than it's name. A short sale occurs when a lender agrees to accept a discount on a mortgage debt to avoid a possible foreclosure auction or bankruptcy. It's called a short sale because the lender is accepting a payoff amount that is "short" of, or less than, the full amount of the debt.

Sellers win - As a seller in a short sale, you must demonstrate documentable financial hardship, since you are petitioning your lender for relief from the heavy weight of an unmanageable mortgage and monthly payment.

Buyers win - As a buyer in a short sale, you are virtually purchasing the property directly from the lender, who holds the actual title to the property until the mortgage is paid off. The seller will package your offer along with his documentation of hardship and send it to his lender for approval. You are, in effect, petitioning the seller's lender for a discounted sale price to purchase the property.

For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $250,000. You write an offer to the lender for $199,000, which is accepted as full payment for the loan. This is a short sale.

Lenders win - Why are lenders willing to take such a discount? First of all, mortage companies are in the business of loaning money to purchase real estate, not owning and selling real estate. They do not like excess inventory and bad loans on their books. Therefore, if your short sale offer is an opportunity for the lender to sell the property without a huge loss or the additional costs of foreclosure, they will likely accept it. Secondly, lenders know they could lose a lot more money if the property goes to auction. There are many fees and expenses involved in taking a foreclosed property to auction.

To get more information on this subject, send me your questions or click this link to visit a website where you can get your foreclosure prevention and bargain home buying questions answered.

Contact me at elva@BransonLee.com

Elva Branson-Lee -- Short Sale Specialist, CDPE Advanced

Solid Source Realty GA, 770-475-1130 ext. 8988

Serving the south-east metro Atlanta communities, including Henry County, South Dekalb County, South Fulton County, East Atlanta and Clayton County

Don't Become Another Forelcosure Statistic!

Sun, 17 Jan 2010 14:55:55 GMT

CNBC's Diana Olick recently reported that 2009 foreclosures surpassed 2008 numbers. Don't become another foreclosure statistic. Get short sale help while there is still time.

Got a question? Contact me at elva@BransonLee.com

Elva Branson-Lee -- Short Sale Specialist, CDPE Advanced

Solid Source Realty GA

Serving the south-east metro Atlanta communities, including Henry County, South Dekalb County, South Fulton County, East Atlanta and Clayton County

More ATL Homes Sold at a Loss in 2009

Sat, 16 Jan 2010 19:15:52 GMT

According to Zillow.com's local market intelligence, the number of metro Atlanta homes which sold for a loss hit an all time high early this year, but as the chart illustrates, the number has declined slightly since then.

Homes Sold For Loss

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More Georgia Home Values

Although the number of these so-called "distressed" property sales declined somewhat in 2009, the number is still well above %40 of all metro Atlanta home sales. If you are a homeowner who needs to sell your house now but owe more on your property than the current market value, don't trust your home sale to just any agent.

Consult a trained and experienced specialist who can advise and guide you on how to get the best results with your lender. For additional information visit http://avoidgeorgiaforeclosure.com or http://bestatlantashortsales.com. Elva Branson-Lee is a Short Sale Specialist and Certified Distressed Property Expert, who is available to help you today. Solid Source Realty GA, 770-475-1130 ext. 8988

Why the Georgia Foreclosure Process is SO FAST!

Mon, 11 Jan 2010 13:16:12 GMT

Facing Foreclosure? Here's Why the Georgia Foreclosure Process is So Fast.

Many of the comments posted on the last installment of this series expressed amazement concerning the lightening speed of some Georgia home foreclosures. Here are the main reasons:

A Crash Cousre in Title Theory.

Georgia is what's known as a Title Theory state, where the property title remains in the hands of the lender until the underlying loan is paid in full. When a person buys real estate in Georgia with funds borrowed from a lending organization or party, the resulting mortgage is established by two legal instruments: a promissory note or "promise to pay", and some type of title security document.

The first of the two mortgage instruments is the note, which is considered to be a negotiable instrument that can be transferred to another person or agency to collect. In fact, mortgages often change hands more than once dring the course of the loan.

The second is the security instrument. The document that secures the title in Georgia is called a Deed to Secure Debt but may also be referred to as a Security Deed. When you entered into such an agreement, you, the borrower, became the mortgagor, or person incuring debt in order to purchase real estate, and your lender became your mortgagee, the credit-extending agency.

The mortgage creates a lien on the property in favor of the lender. In Georgia this usually takes the form of a security deed conveying title over the property to the lender, though the borrower retains all the usual rights of ownership as long as the repayment terms are being met.

What are Acceleration and Power of Sale?

Acceleration is a clause writtten into the mortgage which allows the mortgage-holder the right to declare the entire debt due and payable anytime a borrower defaults on their agreed payment schedule. Virtually all mortgages today have acceleration clauses. But Georgia mortgages usually go a step further. The security deed also contains a "power of sale" provision, which authoririzes the lender to sell the property with

no judicial process required in case of default.

What this means for Georgia homebuyers is that the lender keeps the title to the property until the terms of the lending agreement have been entirely fulfilled. Then the lender must clear title by cancelling the security deed upon full payment of the debt. But, if the borrower does not adhere to the terms of repayment, the lender may foreclose on the property.

To learn more about the process and the options, or to pick up a copy of my free eBook on the subject, visit http://AvoidGeorgiaForeclosure.com

Elva Branson-Lee -- Short Sale Specialist, CDPE Advanced

Solid Source Realty GA

Serving the south-east metro Atlanta communities, including Henry County, South Dekalb County, South Fulton County, East Atlanta and Clayton County

Got a question? Contact me at elva@BransonLee.com

Facing Foreclosure? Get Help NOW.

Tue, 22 Dec 2009 18:49:57 GMT

Facing Foreclosure? Don't wait too late to check out your options.

Nowhere is the foreclosure process faster or more brtual than in the state of Georgia. But even here, foreclosure can often be avoided -- even if you have already received the notice oif sale. But don't wait until then to investigate your options. Find out for yourself what your possible outcomes might be as soon as you realize you're in trouble. In general, the Georgia foreclosure process can end one of five ways:

(1) You could pay off the default amount to reinstate the loan during a grace period known as pre-foreclosure. This is anytime up to the day of the foreclosure sale on the courthouse steps.

(2) Under President Obama's new plan, you could apply for a loan modification, which will temporarily or permanently change the terms and maybe even the principal amount of your home loan. There are strict guidelines in place and not every home owner can be helped, but if you desire to remain in your property, this could be your answer. Contact your lender right away to get the process started. For more information see my web page on Obama's plan to help homeowners stay in their homes.

(3) You could sell your property to a third party during the pre-foreclosure period, allowing you to settle the loan "paid as agreed" and avoid having a foreclosure on your credit history. This is commonly referred to as a "short sale", although there is nothing short about the process, which can take weeks and sometimes months to succesfully negotiate. For more information on this option, see my Short Sale Frequently Asked Questions, or email me at elva@bransonlee.com.

Elva Branson-Lee -- Short Sale Specialist, CDPE Advanced

Solid Source Realty GA

Serving the south-east metro Atlanta communities, including Henry County, South Dekalb County, South Fulton County, East Atlanta and Clayton County

Got a question? Contact me at elva@BransonLee.com

(4) If all else fails, your home will go into foreclosure and a third party may buy the property at a public auction at the end of the pre-foreclosure period. In Georgia, these auctions take place at the courthouse of the county of record on the first Tuesday of every month.

(5) Finally, if the lender doesn't get a high enough bid at the auction, they may take ownership of the property, usually with the intent to re-sell. The lender can take ownership through an agreement with the borrower/owner during pre-foreclosure, called a "deed in lieu of foreclosure", or by buying back the property at the public auction.

If you are interested in discussing any of the non-foreclosure options with a Certified Distressed Property Expert, contact me

The Truth About Mortgage Modifications

Mon, 02 Nov 2009 08:23:32 GMT

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

For those who qualify, a mortgage modification is the ideal remedy to their financial distress. I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this important process. Simply provide your information below to get this valuable information, and feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many!

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Together, we can formulate a plan to get back on track.

If you have any unanswered questions, or your circumstances are urgent, please call me today.

Elva Branson-Lee
404-226-2085

7 Short Sale Myths

There are millions of homeowners just like you who are looking for answers and don’t know what to do. You’re not alone and you’re in the right place.

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Despite my best efforts, there’s still an overwhelming amount of misinformation about the options available, especially short sales.

To give you a better idea of the short sale option, and to set straight some of the myths you may have heard, I’ve prepared a free report just for you - please fill out the information below to receive your free report. This report will clarify the following myths:

The Bank Would Rather Foreclose Than Bother With A Short Sale
You Must Be Behind On Your Mortgage To Negotiate A Short Sale
There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure
Listing My Home As A Short Sale Is An Embarrassment
Short Sales Are Impossible And Never Get Approved
Banks Are Waiting On A Bailout And Not Accepting Short Sales
Buyers Are Not Interested In Short Sale Properties

These ideas are potentially harmful to homeowners seeking real solutions. I hope you’ll review this information for yourself or share it with a homeowner in need.

In these times, we all need to know the truth to know how to get back on track.

If you have any additional concerns about this issue, or your circumstances are urgent, please give me a call.

Elva Branson-Lee
404-226-2085

Your First Steps To Avoid Foreclosure

Your First Steps

In today’s market, 1 in 7 homeowners is having trouble paying the mortgage. More than 70% of these homeowners proceed without seeking assistance or getting the facts. Many do not even realize that foreclosure is a process, and that there is time to make decisions that may result in a better outcome.

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, I’ve prepared a free report outlining the first steps a homeowner should take when facing a foreclosure.

Fill out your information below for this free report. Don’t hesitate. Get back on track today!

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send." I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.

Foreclosure Vs. Short Sale

As a Certified Distressed Property Expert, I have devoted my career to helping homeowners who face difficult situations, taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially concerning short sales, which you should know about.

A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.

This is absolutely wrong!

You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply provide your information below, and I'll send you this report.

If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.

Elva Branson-Lee 404-226-2085

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

I hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Strategic Defaults are NOT Strategic

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation. To assist you, I’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.

Fill out your information below for this free report. Don’t hesitate. Get the facts today!

Avoiding Mortgage Modification Fraud

I Am An Agent Against Mortgage Fraud!

The last thing struggling homeowners need is to be victimized by fraud. Sadly, some people are preying on those who need help the most. Today, the real estate industry is the newest, biggest target for predatory schemes. In fact, the U.S. Attorney General, Eric Holder, stated that mortgage fraud cases are 400 percent higher than they were five years ago.

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone. Knowing your legitimate foreclosure-avoidance options is the best way to fight this terrible trend.

The report on this site will tell you how to avoid mortgage fraud schemes, as well as what solutions are available to you. Enter your information below and get the facts now!