Buying a foreclosed home can seem like navigating through a maze without a map. But fear not! Think of this article as your trusty compass, guiding you through the twists and turns of the foreclosure market. With a bit of knowledge and the right approach, snagging a great deal on a foreclosed property might be easier than you think. Let's[...]
Foreclosure Equals Pre-Foreclosure in Current Hot Real Estate Market Winter is here and, along with it, a pre-foreclosure wave. So says investor and residential real estate expert Cameron Dunlap of Real Estate Wealth Network. With housing prices hitting record highs and inventory at an all-time low, a homeowner facing foreclosure can sell their home before it goes back to the bank.[...]
The real estate market in Atlanta is sizzling hot with a record low home inventory due to a lack of construction over the past decade. Instead of benefitting buyers, sellers are coming out on top in this crazy and competitive market which is fueled by Millennial homebuyers who are finally buying homes! After the initial lockdown in 2020, many people became[...]
Vacancy rates for single-family homes and condos nationwide are dropping, another sign of a strengthening economy and robust housing market. According to the 2018 Vacant Property and Zombie Foreclosure Report by ATTOM Data Solutions, the curator of the nation’s premier property database, nearly 1.5 million single-family homes and condos were vacant nationwide at the end of Q3 2018. This represents[...]
In this week’s Mortgage Minutes, Travis Evans with Academy Mortgage discusses the advantages of buying a new construction home instead of a foreclosure. During the economic downturn, foreclosures were a big ticket item because buyers felt they were getting the best deal. But now, with the Atlanta real estate market improving, foreclosures have declined. While you can purchase a foreclosed home[...]
The term short sale is repeated quite often when discussing mortgage loans, but not many people truly understand what a short sale is or how they can affect you. A short sale occurs when you sell your home for less than what you owe on the mortgage and you are not required to pay the difference. For example, if you sell[...]
Can you buy a home after a short sale or foreclosure? Absolutely. The bigger question is when. And that is a much harder question to answer. There are many variables that go into deciding when someone should buy a home after a short sale or foreclosure, and the real estate experts at the Equifax Finance blog discuss those variables in[...]
If you fell victim to foreclosure during the housing crisis or following the downturn in the economy, you are no doubt curious about when will be the best time for you to get back on the track to home ownership. The first indicator will be your comfort level with your finances, when your savings are right and when your credit[...]
There is going to be a FREE professional wakeboard event at the WaterFront on Lake Oconee next Saturday, with multiple demonstrations of some of the best fun you can have on secluded Lake Oconee! Everyone will be able to watch the event, either from their homes with gorgeous deck views of the water or down on the large dock, where the[...]
Now that school is out, the market is heating up and buyers are hitting the streets hard; and the Equifax Finance Blog wants to remind buyers that there are plenty of opportunities in the Atlanta area to snatch up outstanding deals for both homebuyers and investors alike. The new article, " Top 10 Cities for Buying Foreclosures" has key information if[...]