Renaissance Realty Group’s Blog: Eric Reid (Renaissance Realty Group )

Well the Gwinnett County Neighborhood Stabilization Program (NSP) was created to help slow the decline of neighborhoods where housing values and conditions are deteriorating due to the presence of foreclosed homes.

A second objective of the NSP is to provide affordable housing to eligible low, moderate, and middle income homebuyers. To address the foreclosure problem, the County will use NSP funds to purchase vacant foreclosed homes in targeted Census Tract Block Groups, make necessary repairs on the homes, and resell the houses to new homebuyers. Federal law prohibits the County from providing foreclosure prevention assistance from NSP funds.

The County has received approximately $10.5 million from the United States Department of Housing and Urban Development (HUD) and approximately $3 million of HUD NSP funds from the Georgia Department of Community Affairs (DCA) for this program.

 EverBank would like to extend to your buyers special discounted pricing as well as closing cost incentives on any EverBank property. With financing by EverBank, there are great opportunities for buyers that may help expedite your sale.

 What you should know about EverBank.  EverBank provides banking and mortgage services to consumers nationwide. The EverBank Family of Companies serves over 525,000 customers, has over $6.3 billion of customer deposits, and services over $53.7 billion in loans. Find out more at www.EverBank.com.

 Think of EverBank for potential buyers. EverBank delivers home financing options to meet a range of needs-including fixed-rate mortgages, adjustable rate mortgages (ARM), FHA loans, and more. EverBank will work with your buyers to find the best lending solution for them.

 EverBank has a special offer for the qualified buyer of this property. Prospective buyers can call EverBank at 866.765.1017 to learn more and get prequalified by phone

So if your looking for a Even Better Deal On a Foreclosed Home EverBank and Renaissance Realty Group can make it happen. Call Me Today

We handle Georgia Foreclosure Homes For Sale

For all the major banks with listings in

Fulton, North Fulton, DeKalb, Gwinnett, County Georgia.

Cities of Decatur, Tucker, Stone Mountain, Lithonia, Duluth, Buford, Lawrenceville, Dacula, Grayson, Snellville, Loganville, Suwanee, Norcross, Winder,

Inventor is  updated daily and often we have unseen  pocket listings for our Buyer clients

 Contact our office so that we can check todays list for you

Mortgage rates have fallen unexpectedly below 5 percent again. Will that drive you back into the housing or refi market?

Mortgage rate could fall as low as 4.5% overall by mid summer combine low rates with new home programs like "Let's Do Business Gwinnett." that is offer up to $5000 for the purchase of a new home in Gwinnett

The Wall Street Journal is reporting that the financial turmoil in Europe has caused many international investors to seek a safe haven for their money in the U.S. That has pushed domestic mortgage rates to the lowest levels of the year - and back near 50-year lows, the WSJ reports.

The housing industry had been bracing for a period of rising mortgage rates, triggered by the end of the Federal Reserve's $1.25 trillion mortgage-securities purchase program.

Instead, the WSJ writes, many in the industry now say rates could drift as low as 4.5 percent this summer from 4.86 percent now, instead of rising to 6 percent as some economists projected. That makes for significantly lower payments for buying homes or refinancing mortgages.

The refinance business "exploded" last week, Jeff Lazerson, chief executive of Mortgage Grader of California, told the WSJ.

Will it explode here? Will the low rates get your attention, whether to refi or buy?

If your looking to buy a new home this summer give me a call.

Eric Reid

Renaissance Realty Group

 office 770-277-6652

Accredited REO Agent^TM
A-REO^TM

RDCPro^TM

How will the new plan work?     

• Unincorporated Gwinnett County has been divided into five service areas.
• Residents will begin receiving service from their new waste hauler starting July 1, 2010.
• Residents will have once-per-week pick-up of household waste, recyclables, and larger items like appliances and old furniture.
• The initial monthly service fee for the first 18 months will be $17.86 per household, to be paid to Gwinnett County on the property tax statement.
• Yard waste pickup will continue to be an elective service provided by the waste hauler in each district. Monthly service fee will be $10.00, to be paid semi-annually to the waste hauler.

What are the benefits of the new plan?

• Cleaner neighborhoods: Under the new plan, homeowners will have the opportunity to recycle 35 different items as part of their regular solid waste pick-up service. Additionally, there are approximately 20,000 homes that don't have waste collection services currently that will now have weekly garbage pick-up.
• Environmental sustainability: With only one hauler providing service throughout a neighborhood, there will be less traffic and pollution. The new system also complies with state law that requires the County to update its solid waste management plan every 10 years.
• More efficient and cost-effective: One hauler per district is more efficient, cost effective, and better for the roads than having multiple trucks crisscrossing neighborhoods and areas on any given day. Homeowners in each district will pay a standard service fee for waste collection.

Until the new service starts in July, you may continue to choose a solid waste provider from the approved list for residential and commercial service. Service under the old plan will be provided through June 30, 2010.

Gwinnett County's Solid Waste Information Center at 770.822.7141 is open for callers Monday through Friday between 7:30am and 5:30pm.

$5000 Home Buyer Credit Now Available in Gwinnett County -05/22/2010

If your looking to buy a New Home In Gwinnett

Call ME

Eric Reid

Managing Broker

Renaissance Realty Group

office 770-277-6652

The second part of the stimulus plan is the Homebuyer Incentive program.  In the plan, a coalition of local banks have agreed to provide up to $5000 down payment assistance and special low interest loans to homebuyers purchasing in Gwinnett County.  It is similar to the federal homebuyer tax incentives that expired on April 30.  "As a REALTOR I know that the federal buyer incentive program was very effective in stimulating home sales.  So this is a good thing for Gwinnett," Swiney said.  "I would love to see this program broadened to include existing homes and neighborhoods, but this is definitely a great move for Gwinnett and hopefully will inspire other counties to follow suit."

If your ready to buy ahome in Gwinnett Call Me

The "Let's Do Business Gwinnett" is targeted at encouraging local businesses and consumers to shop Gwinnett first when making purchases.  The goal is to bring 5% of our out-of-county spending back into the local community.  "This is brilliant idea,"  "I applaud the Gwinnett leadership for their proactive approach, and making each of us aware of the impact our spending habits have on the local economy.  When you see the actual figures on how much of our dollars are spent outside our community, it's a staggering wake up call."  The "Lets DoBusinessGwinnett.com" website estimates that our county loses $20 million dollars non-local businesses per day.

If your looking to buyer or sell a home in Gwinett call Renaissance Realty not only do I live in Gwinnett or Business is Based and Built in  Gwinnett

Today a new program was released title  "Let's Do Business Gwinnett" aimed at not only New Home Buyer Programs backed with county / state and federal dollars but also local Gwinnett business to take a look at their spending habit and relize  that if Gwinnett business and local governments,simply bringing 5% of your out-of-Gwinnett business spending back home to our economy will generate more than $1 billion in local economic impact over the next five years.

Did you know Gwinnett County loses over $20 million a day to out-of-area purchases

 "Let's Do Business" is brought to you by the Gwinnett Chamber and directly supported by Partnership Gwinnett, the Chamber's public-private economic development fund monetarily supported by more than 100 area public and private sector partners.

Business Owners are asked to take a 5 point pledge .

1. Agree to Participate

2. Hit the Books: Pinpoint dollars your company sends out of our area and look for a niche. It might be products, services, consumables like office supplies or printed materials, or items unique to your business.

3. Check for Partners: Use our directory of Pledged Companies or use the Gwinnett Chamber's online directoryto find companies in the Gwinnett/Metro Atlanta area offering anything you need, or call us directly for assistance: 770-232-3000 . We'll help you find a partner. Or two, or three... RENAISSANCE REALTY GROUPis a member of the Gwinnett Chamber

4. "Let's Do Business" If you can get it locally, and it meets your needs, your standards, your price, why not buy here? Companies in Gwinnett County may not have everything you need, but they might have some of it!

5. Tell Us Share the sucess and newly built business partnerships.

IF BUILDING STRONGER COMMUNITIES IS THIS EASY GWINNETT WILL CONTINUE TO GROW AND BE THE PLACE THAT BUSINESS WANT TO COME HOME TO

MORE INFO ON "Let's Do Business Gwinnett" IS AT http://letsdobusinessgwinnett.com

*** MEDIA ALERT ***

Gwinnett Public and Private Leaders to Unveil Details of

Major Economic Stimulus Initiative at May 21 Press Conference

Friday, May 21, 2010 @ 11 am

Jacob's Farm Residential Development

Located on Sweetgum Road in Lawrenceville, GA

With small signs of a recovery underway and on the heels of a string of recent economic development successes and announcements, Gwinnett County's public and private sector leaders are preparing to launch an unprecedented "Gwinnett Economic Stimulus Plan" designed to assist homeowners, small businesses, and the construction and real estate industries by stabilizing housing prices and stimulating local consumer, business and public sector spending, with a potential economic impact of more than $1 billion to the local economy over the next five years. Leaders from the Gwinnett Chamber, Gwinnett County and City Governments, Gwinnett Housing Authority, The Impact Group for Northeast Georgia, Gwinnett County Public Schools and other will be on hand to share details at this press conference.

 Leadership Attending

Gwinnett Chamber Chair and Brand Bank CEO Bartow Morgan

Gwinnett Chamber President and CEO Jim Maran

Gwinnett County Commission Chairman Charles Bannister

Gwinnett County Public Schools Superintendent and CEO Alvin Wilbanks

Gwinnett County Municipal Association Vice President and Grayson City Councilor Tammy Shumate

Gwinnett County Housing Authority L.C. Johnson

The Impact! Group CEO Tom Merkel

Community Foundation for North East Georgia Judy Waters

Council for Quality Growth President Michael Paris

Gwinnett County Community Development Director Craig Goebel

District Director of NeighborWorks America's Don Phoenix

Media Contacts

Gwinnett Chamber VP of Communications and Public Policy Demming Bass

770-232-8806/mobile 678-414-4508 demming@gwinnettchamber.org

The Brand Banking Co CEO and 2010 Gwinnett Chamber Chairman Bartow Morgan

770-963-9224 BartowMorgan@brandbanking.com

Directions to Press Conference

From Atlanta:

Take I-85 North to Hwy 316 towards Athens.  Travel 316 east and turn right on Cedars Rd. Turn right on Hwy 29 (Winder Hwy) and left on Sweetgum Road. Jacobs Farm is on left

RENAISSANCE REALTY GROUP IS AN ACTIVE MEMBER OF THE GWINNETT CHAMBER AND SUPPORTS THIS INITIATIVE AND ARE EXCEITED ABOUT GROWING GWINNETT AND WILL KEEP YOU UP DATED