Monthly Archives: May 2013

Short Sale Lease Back – Legitimate Alternative to Foreclosure?

I am not sure about this program or non-profit organizations who are doing this, nor do I know anyone who has performed this transaction, but it is an interesting alternative to a straight short sale and eviction. Here’s an article … Continue reading

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USDA (US Department of Agriculture) Mortgages

The USDA offers the Housing and Community Facilities Programs (HCFP) which helps rural communities and individuals by providing loans and grants for housing and community facilities. Sometime lenders make loans an they are guaranteed by the USDA, and sometimes the … Continue reading

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Cobb Housing, Inc.

Comprehensive Counseling in the Marietta and Cobb County area Cobb Housing, Inc. is a non-profit community based organization designated as a State of Georgia Community Housing Development Organization. The agency‟s mission is to enhance the community by providing a full … Continue reading

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Federal Deposit Insurance Corporation (FDIC) News

3-17-2014: After other lawsuits against large banks due to the LIBOR (London Interbank Offered Rate) “rate fixing” scandal, the FDIC has jumped in to sue 17 large banks claiming they colluded to manipulate the rate and it subsequently affected the … Continue reading

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Consumer Financial Protection Bureau (CFPB)

8-24-2013:  Richard Cordray completed Senate confirmation in July.  Funding for the CFPB is controlled by the Federal Reserve – not Congress. Well, the CFPB, established by the Dodd-Frank bill, has certainly pulled in the reigns and limited mortgage lending definitions … Continue reading

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Income tax liens and property tax liens

Good article from Ilyce Glink about some of the issues about income tax liens.  Bottom line on Income Tax Liens: In Georgia, the closing attorney should have a title search performed regardless of whether a loan is involved or not, … Continue reading

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Georgia Security and Immigration Compliance Act (Georgia SB 529)

The 2006 drafted act requires the use of a Federal program (SAVE) to administer public benefits using a verification system.  However, not all Georgia agencies that administer public benefits use the system. Currently, only Georgia public employers and their contractors … Continue reading

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Real Estate Contracts – Why the delays and cancellations?

According to recent research, and this is still true in 2013, the delays may be caused by: (a) buyers not being qualified to buy the home in the first place; (b) lenders over-promising and not able to deliver; (c) appraisals … Continue reading

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FHA loan immediately after a short sale, bankruptcy, foreclosure?

Time for Obama show and tell time…look at what i did for you… Can I get an FHA loan just after I lost my home through short sale, filed, bankruptcy, or foreclosure? Well, maybe…But would you want a loan right … Continue reading

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