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352 University Ave SW, Suite W112

Atlanta, GA 30310

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Getting a Mortgage Tougher for Buyers

Difficulty in landing a mortgage is keeping many buyers out of the market.At the peak of the housing boom, about 20 percent of the mortgage market was subprime, and nearly 20 percent was “Alt-A loans” or “A-minus” loans, typically offered those with good credit but with high debt-to-loan ratios or little or no proof of […]

www.GetDownPayment.com – Save Down payment assistance!

Housing Bill Shuts Down Non-Profit Downpayment Assistance Programs on October 1, 2008. Take Action Today to Save Downpayment Assistance!     Nehemiah Corporation of America, a national non-profit organization, has helped over 300,000 families who would have otherwise been locked out of homeownership due to lack of downpayment funds. Both the House and Senate passed […]

***FHA, Downpayment 411***

Earlier today President Bush signed into law a number of very significant changes that will occur starting October 1st. Please read these changes as they affect all of us and our Home buying abilities. Details of the Housing and Economic Recovery Act are as follows:  The two items in bold will have the greatest immediate […]

Down payment assistance???

Ok, here’s the deal. Yes- the city does have programs that will provide down payment assistance to first time home buyers. But before you begin to jump for joy- please know that the home MUST be in move in ready to condition to participate in the programs I’ve seen. (if there are some that will […]

NACA: Save The Dream

NACA NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA WWW.NACA.COM Bruce Marks CEOHeadquarters: Boston, MA (888.) 297-5568OFFICES: ATLANTA, GA       (404) 377-4545 AUGUSTA, GA       (706) 855-7464 BALTIMORE, MD       (410) 783-0465 BIRMINGHAM, AL       (205) 942-8111 BOSTON, MA       (617) 250-6244 BUFFALO, NY       (716) 834-6222 CHARLESTON, SC       (843) 556-0497 CHARLOTTE, NC       (704) 536-7676 CHICAGO, IL       (773) 723-6222 CLEVELAND, OH       (888.) 297-5568 COLUMBIA, […]

Home Loan Aid Programs May Face Cuts

Nonprofits that funnel money from sellers to buyers are under attack by the Bush administration, but supporters say that these companies help thousands of middle-income people who would otherwise never save up enough to buy a home. The Federal Housing Administration requires a down payment of 3 percent, but no-money down loans using charitable down-payment […]

Hundreds Charged in Fraud Sweep

More than 400 people in the real estate industry have been indicted since March, including dozens in the last two days, in a U.S. Justice Department/Federal Bureau of Investigation crackdown on mortgage fraud. The FBI says the scams cost home owners and other borrowers more than $1 billion. Since March 1, 406 people have been […]

Mortgage Fraud Crackdown Continues

The FBI was instrumental in 206 convictions in 2007 for real estate securities and commodities fraud. According to an FBI report released Thursday, the 1,204 mortgage fraud cases pursued in 2007 resulted in 321 indictments and court orders for $595.9 million in restitution. The FBI, working in conjunction with the Securities and Exchange Commission, is […]

FHA 203K Certified!!

Jayson Duff Mortgage Consultant FHA 203(K) Certified Originator Opteum Mortgage office: 678-742-6600 cell: 678-360-1969 fax: 678-585-5553 email: jduff@opteum.com For more information or to apply online please visit: www.jaysonduff.com Atlanta: West End, Westview future residents should strongly consider getting qualified for a FHA 203K loan to help with the repairs of some of the available homes.

Lenders Stall Short Sales, Practitioners Say

Real estate practitioners across the country believe mortgage lenders are worsening the housing downturn by taking months to make decisions on short sales and sticking to high internal target prices. As a result, home buyers are abandoning short sale properties, forcing them to be sold in foreclosure sales that typically result in lenders accepting lower […]