Renaissance Realty Group’s Blog

BANK OWNED FORECLOSURES    03-27-10

 

Bold Springs Rd., Monroe, Georgia

4 BR 3+BA Brick Ranch on over 11 acre horse farm.  

Home is in great condition with oversized rooms, hardwood flooring, family room, keeping room, dining room, playroom, and office.  The kitchen is very spacious with a large breakfast area, center work/cook island, LOTS of beautiful cabinetry, and elegant granite counters.  In addition to the beautiful home, this property includes an Carriage House with multi-bonus rooms, two half baths, elevator, and kitchenette.  There's also a 10 stall horse barn.

For more information, pricing and photos:    www.GeorgiaOnlineHomes.com/3040BoldSprings.asp

 

Simonton Crest, Lawrenceville, Georgia

5 BR 3.5 BA Traditional Home Blt in 2005

Huge floorplan includes formal living and dining rooms, family room w/ fireplace, large master suite and 4 generously sized guest rooms.  Kitchen has walnut cabinets, pantry, center work station, and sunny breakfast area.  Nice condition and located in great neighborhood.

For more information, pricing and photos:  www.GeorgiaOnlineHomes.com/440SimontonCrest.asp

 

Ponce de Leon, Atlanta, GA

1 BR 1 BA Condo in highly desirable Virginia Highlands area.

Gleaming hardwood floors.  Fully equipped kitchen.  Walk to shopping, clubs, unique shops and restaurants.  Quiet street but convenient to everything.

For more information, pricing and photos:  www.GeorgiaOnlineHomes.com/785Ponce.asp

 

Haynes Club Dr., Grayson, GA

4 BR 2.5 BA in Swim/Tennis Community

Nice home in swim/tennis community.  Offers 2.385 sq ft of living with Formal Living and Dining, family room w/ fireplace, spacious kitchen.  Needs carpet, appliances and minor fixes.  Sold AS IS but a great deal.

For more information, pricing and photos:  www.GeorgiaOnlineHomes.com/2615haynes.asp

 

Warren St., Atlanta, GA

3 BR 2.5 BA in Kirkwood area.  Move in Ready!

Craftsman style home in great condition.  Hardwood flooring on main level.  Open kitchen w/ high quality wood cabinets and granite counters.  Master suite w/ jetted tub.  Front and back porches.  Fenced yard. Garage in back.   Minor cosmetics needed but otherwise move in ready.

For more information, pricing and photos:  www.GeorgiaOnlineHomes.com/178Warren.asp 

 

Dogwood Drive, Lawrenceville, GA

4BR 2.5BA  w/ .56 Acre Lot.  JUST REDUCED for quick sale.

Very nice location and in near move in condition.  Floating wood floors on main level.  Huge family room w/ fireplace. Sunny kitchen with breakfast area.  Formal dining room.  Laundry room off kitchen.  Fenced backyard.

For more information, pricing, and photos:  www.GeorgiaOnlineHomes.com/668Dogwood.asp

 

Brooks Dr. Dacula, GA

4 BR 3BA Ranch on 11.88 acres.  Includes private lake!

Ranch style home with fully daylight basement, 4 bedrooms, 2 baths, family/great room,  combination living/dining room, and wrap around porch.  11.88 acres of land includes a private lake and a separate auto workshop with parking area.  Home offers large kitchen with lots of wood cabinets.  Home was stripped of copper pipes and HVAC compressors.  Structure offers good bones and floor plan.  Lots of potential here at an incredible price.  

For more information, pricing, and photos:  www.GeorgiaOnlineHomes.com/1902Brooks.asp

 

Paden Cove Trail,  Lawrenceville, GA

2 BR 2.5BA Townhome  Only $68,900

Nice condition and good location close to Pleasant Hill Rd and Hwy 29.  All appliances remain.  Ridiculous low price  Needs minor cosmetics, but otherwise move in ready.

For more information, pricing, and photos:  www.GeorgiaOnlineHomes.com/342Paden.asp

 

Dorchester Drive, Lawrenceville, GA

4 BR 2.5 BA Traditional Georgian Style. Crazy Price of only $119K!!!

Traditional Georgian style home in quiet well established neighborhood. Brick front with fenced backyard, 1/4 acre lot, large back deck, 2-car garage.  Formal living and dining, family room w/ fireplace, generously sized kitchen.  Home is priced to basically give away and at this price is .  SOLD AS IS ONLY.

For more information, pricing, and photos:  www.GeorgiaOnlineHomes.com/1441dorchester.asp

iNFORMATION PROVIEDED BY
By Jeff Lischer

Initially announced on May 14, 2009 , with guidance and standard forms issued on November 30, 2009, the program will help owners (referred to below as borrowers) who are unable to retain their home under the Home Affordable Modification Program (HAMP). A borrower (the current owner) may be able to avoid a foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL) under HAFA. The guidance and forms released on November 30 do not apply to loans owned or guaranteed by Fannie Mae or Freddie Mac. Those enterprises will issue their own HAFA guidance and forms.

What is HAFA?

 Who is eligible for HAFA?
The borrower must meet the basic eligibility criteria for HAMP:

· Principal residence.

· First lien originated before 2009.

· Mortgage delinquent or default is reasonably foreseeable.

· Unpaid principal balance no more than $729,750 (higher limits for 2 to 4 unit dwellings).

• Borrower's total monthly payment exceeds 31% of gross income

Home Affordable Foreclosure Alternatives Program (HAFA), which will help homeowners who are unable to retain their home under the Home Affordable Modification Program (HAMP). Under HAFA, a borrower (the current owner) may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL).

HAFA is designed to simplify and streamline the use of short sales and deeds-in-lieu of foreclosure by improving the process. Specifically, HAFA will:

Walk Away - is it the right thing to do and when is it ok? With so many homeowners upside in with home values is it "ok" to walk away from a home? Is it legal and what about the ethical? When saving you family out weights saving your home it may be time to sit down and find out the legal impact to just walking away.

Where is the housing market? With more and more loans resetting and unemployement on the rise were will be at the end of 2010. So much of what is to come is unseen- this CBS report lends light on what to expect.
Watch CBS News Videos Online

HAFA - WHAT DOES IT MEAN AND WHY DO i CARE ?

Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. HAFA is part of the Home Affordable Modification Program (HAMP), providing incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program.

These guidelines go into effect April 2010!