87 Old Martin Rd, Cartersville, GA

July 18th, 2012 mullinaxteam Posted in Buyers, First-time home-buyer, Foreclosure, Freddie Mac, Home Care, Home Values, Loan Modification, National Association of Homebuilders, Pending Real Estate Sales, Re-finance, Sellers Comments Off on 87 Old Martin Rd, Cartersville, GA

Charming log home with a rocking chair front porch and  an additional large 2 car garage/workshop.  Beautiful wood interior with 4 bedrooms, 4 baths and lovingly maintained.  Open floor plan with gleaming hardwood floors, stone fireplace with a wood burning insert and a built-in corner cupboard.  Gated entrance to this secluded 5 acre hideaway.  This is a Fannie Mae HomePath Property.  Purchase this home for as little as 3% down. This property is approved for HomePath Mortgage and renovation mortgage financing.  87 Old Martin Rd is priced at $194,900.  Call us today for more details at 770-606-0054.


Foreclosure Myths of 2012

April 13th, 2012 mullinaxteam Posted in Buyers, Foreclosure, Home Values, Real Estate, Real Estate Information, Real Estate News, Real Estate Report, Short Sale Comments Off on Foreclosure Myths of 2012

Although they’ve simmered down somewhat since 2009, foreclosures are still controlling the real estate market as we know it.  With all the talk of foreclosure drama many half-truths, rumors, and flat-out lies have surfaced. To help separate fact from fiction, we turned to a recent Trulia blog, which talks about a few misconception and embellishments that are still going around the country.

1. There is going to be a flood of new foreclosure to the market.

Banks have learned that their control of local inventory can influence can local prices.  By introducing homes in calculated ways, rather than in one swoop, they know they’ll realize higher prices.  And banks have also learned that if they can lessen their losses by giving the go ahead to short sales, everybody come out better.

2.  You can go directly to a bank to buy a foreclosure.

No, sorry. The truth is, banks first offer properties on the courthouse steps which is a cash purchase. The rest of them get handed out to asset managers, who then hire local REO agents to list them on the market.

3.  You can steal a deal by doing lowball offers on foreclosures.

Banks want REO’s off their books anywhere from 30-120 days so they normally list them slightly below comparable properties.  If the property is slow to sell, the bank will slash the price after about 30 typically (not all banks do this). Most banks are interested in neighborhood stabilization so those giveaways are out there but not the norm.

4.  You can’t use foreclosures when doing an appraisal.

According to Trulia, it’s time to discredit this myths in many neighborhoods, foreclosures and distressed sales and or short sales are the only comp you’ve got.  So, they represent the value of homes in the area.

5.  Foreclosures are only affecting the bottom end of the market.

While the market share of foreclosed homes under $1 million is retreating, foreclosed properties valued at more than $1 million are rising up 115 % since 2007. Foreclosures on properties valued in excess of $2 million have increased 273%.

Source:  Pro.TruliaBlog.com

 

 


4244 Wexford Downs Way, Acworth, GA 30101

February 24th, 2012 mullinaxteam Posted in Buyers, Foreclosure Comments Off on 4244 Wexford Downs Way, Acworth, GA 30101

Great location for this two story cape cod that has 3 bedrooms & 2.5 bathrooms. Kitchen has laminate hardwood floors, oak cabinets and white appliances. Formal dining room and the family room has rock fireplace. Secondary bedrooms are spacious and the master bedroom has a nice walk-in closet. Situated on a cul-de-sac lot with a private fenced backyard. North Cobb School District. Convenient to I-75 and downtown Acworth. This is a Fannie Mae HomePath Property, purchase this property for as little as 3% down. This property is approved for HomePath renovation Mortgage.  4244 Wexford Downs Way is priced at $56,500.  Call us today for more details at 770-606-0054.


24 Kingston Pointe Drive

October 17th, 2011 mullinaxteam Posted in Buyers, Foreclosure Comments Off on 24 Kingston Pointe Drive

You have found the needle in the haystack! This house is perfection. Solid surface countertops, finished basement, oversized backyard. No work needed here, ready to move into. This is a Fannie Mae homepath property. Purchase this property for as little as 3% down. This home is approved for Homepath Mort and Renovation Mort. 24 Kingston Pointe Drive is listed at $89,900.  Call us today for more details at 770-606-0054

 


185 PALISADES DRIVE

December 27th, 2010 mullinaxteam Posted in Buyers, Foreclosure Comments Off on 185 PALISADES DRIVE

STUNNING HOME IN A DR HORTON DEVELOPMENT. LOVELY KITCHEN WITH STAINED CABINETS AND ROOM FOR A LARGE TABLE.  FORMAL DINING ROOM WITH EXTENSIVE MOLDING AND LARGE MASTER BEDROOM AND BATH. THIS IS FANNIE MAE PROPERTY PURCHASE FOR AS LITTLE AS 3% DOWN. APPROVED FOR HOMEPATH FINANCING VISIT WWW.HOMEPATH.COM FOR DETAILS.  185 PALISADES IS PRICED AT $162,000.  CALL US TODAY FOR MORE DETAILS AT 770-606-0054.


2136 Del Lago Circle

December 17th, 2010 mullinaxteam Posted in Buyers, Downsizing, Foreclosure, Real Estate Comments Off on 2136 Del Lago Circle

NICE TOWNHOME IN AN OUTSTANDING LOCATION NEAR KENNESAW UNIVERSITY AND TOWN CENTER MALL. SPACIOUS LIVING ROOM, ENORMOUS BEDROOMS WITH PRIVATE FULL BATHROOM AND AN OVERSIZED KITCHEN WITH LOADS OF FLOOR SPACE.THIS IS A FANNIE MAE PROPERTY PURCHASE FOR AS LITTLE AS 3% DOWN. PROPERTY APPROVED FOR HOMEPATH MORTGAGE AND HOMEPATH RENOVATION MORTGAGE VISIT WWW.HOMEPATH.COM FOR DETAILS.  2136 DEL LAGO CIRCLE IS PRICED AT $69,900.  CALL US TODAY FOR MORE DETAILS AT 770-606-0054.


29 HAWKS BRANCH LANE

December 3rd, 2010 mullinaxteam Posted in Foreclosure Comments Off on 29 HAWKS BRANCH LANE

Magnificent custom home on 5 acres. Impeccable quality, amazing cabinets & tile work. Inlaw suite, spectacular master bath, pool, Sep. Apartment above 4 car garage. Home is approved for HomePath Mortgage. 3.5% closing cost for owner occupant buyers who close before 12/31/2010. Visit www.homepath.com.  29 Hawks Branch Lane is priced at $389,900.  Call us today for more details at 770-606-0054.


381 Bent Creek Drive

October 27th, 2010 mullinaxteam Posted in Buyers, First-time home-buyer, Foreclosure, Real Estate Comments Off on 381 Bent Creek Drive

Wow what a Ranch! Totally charming with all laminate-wood floors except in the bedrooms and full of wide open spaces.Terrific family room and lovely kitchen. 4th bedroom in Basement w/sitting area. Purchase this property for as little as 3% down. Home is approved for HomePath Mortgage and HomePath Renovation Mortgage Financing. Seller is offering up to 3.5% closing cost for owner occupant buyers who close within 60 days and before 12/31/2010.  381 Bent Creek Drive is priced at $99,900.  Call us today for more details at 770-606-0054.


128 Springwater Trace

October 26th, 2010 mullinaxteam Posted in Buyers, Foreclosure Comments Off on 128 Springwater Trace

LOVELY AND PRISTINE CONDITION DESCRIBES THIS CHARMING HOME. EVERYTHING IS SUPER SIZED. NEW GAS STOVE, LARGE CLOSETS AND A GREAT PLAYYARD. Fannie Mae homepath property. Purchase this property for as little as 3% down. Home is approved for HomePath Mortgage and HomePath Renovation Mortgage Financing. Seller is offering up to 3.5% closing cost for owner occupant buyers who close within 60 days and before 12/31/2010.   128 Springwater Trace is priced at $168,500.  Call us today for more details at 770-606-0054


September 27th, 2010 mullinaxteam Posted in Buyers, Foreclosure Comments Off on

PRIVATE AND SECLUDED CABIN NESTLED IN THE WOODS ON 1.27 ACRES. A PERFECT WEEKEND CABIN OR A YEAR ROUND COZY RETREAT. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN. THIS PROPERTY IS ARPROVED FOR HOMEPATH RENOVATION MORTGAGE