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Fulton Co. hosting foreclosure prevention fair Sept. 24

Fulton Co. hosting foreclosure prevention fair Sept. 24

ATLANTA -- The Fulton County Department of Housing and Human Services' Office of Housing and Community Development are hosting a foreclosure prevention fair on Saturday, Sept. 24.

The fair will be held at Atlanta's Westlake High School from 9 a.m. to 4 p.m. Counselors will be on hand to provide foreclosure counseling and assistance. The counselors will help homeowners assess their current situation and determine if the homeowners qualify for the Obama Administration's Making Home Affordable program.

The Making Home Affordable program helps homeowners get refinancing or loan modifications to help them stay in their homes.

Participants need to bring two copies of the following documents to obtain assistance at the fair:

Agents Unknowingly in Violation of Ethics

This is a warning to Agents and a reminder to the public to be careful who you chose to represent you in a real estate transaction. I have recently heard some stories that have taken place locally and want to send this reminder to everyone. It is a violation of the ethical requirement for licensure in Georgia to represent a buyer or seller in a matter that the Agent is unfamilliar with. 

The REALTOR® Code of Ethics - Article 1 starts: "When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client."

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.  

Stressed homeowners line up for free help

Stressed homeowners line up for free help

COLLEGE PARK, GA -- Hundreds of stressed homeowners lined up early Saturday for the second and final day of the Hope Now Foreclosure Workshop in College Park.

Homeowners looking to avoid foreclosure do not need an appointment, but they do need to register on site before 3 p.m. on Saturday.

They should bring several documents such as:

  • their last mortgage statement
  • all information on other mortgages on their home
  • their two most recent pay stubs
  • proof of evidence from any other income
  • their three most recent bank statements
  • a utility bill
  • an unemployment insurance letter if out of work

Twenty-one lenders, representing about 80 percent of the mortgage market, as well as several federal agencies will give advice and try to help struggling homeowners restructure their mortgages.

Riverdale most affordable, Dunwoody most expensive Ga. markets

Riverdale most affordable, Dunwoody most expensive Ga. markets

RIVERDALE, Ga. -- Georgia has three markets on Coldwell Banker Real Estate LLC's most affordable housing list.

Riverdale is the most affordable home market in the Peach State and the second-most affordable in the nation with an average price of $61,618, the report said.

College Park is the Peach State's second-most affordable market and nation's fourth-most with an average price of $72,477.

Lithonia comes in at third-most affordable in Georgia and the eighth-most in the nation with an average price of $77,385.

The most expensive market is Dunwoody, with an average price of $379,866.

Atlanta also is among the most expensive at $255,448.

FULTON: County takes foreclosure help to Twitter

FULTON: County takes foreclosure help to Twitter

ATLANTA -- Fulton County answered residents' housing and foreclosures questions through Twitter Thursday afternoon.

Commissioner Liz Hausmann of District 3 and a Fulton County housing counselor took questions via the county's official Twitter feed between noon and 1 p.m.

Hausmann also organized a Foreclosure Prevention Fair for this Saturday at Alpharetta High School.

RELATED: Free foreclosure help for Fulton County residents

Anyone who didn't have the opportunity to ask questions or get answers is encouraged to attend the fair.

To see other Fulton residents' questions, check out the @FultonInfo Twitter feed and any tweets marked with the hashtag #FChousechat.