• Home
  • Brookhaven
    • Close
      • Brookhaven Parc
      • Dresden Creek
  • Buckhead
    • Close
    • 2500 Peachtree
    • 2901 Lenox
    • Buckhead Grand
    • Buckhead Village Lofts
    • Cosmopolitan at Lindbergh
      • Eclipse Buckhead
    • Gallery Buckhead
      • Realm Buckhead
    • Walden on Lenox
      • The Winston
  • Chamblee
    • Close
    • Frontier Woods
      • Huntley Hills
    • Keswick Village
      • Lofts at 5300
    • Peachtree Malone Lofts
      • Townsend At Chamblee
      • Variations Townhomes
  • Doraville
    • Close
    • Assembly Doraville
    • Doraville In the News
    • Homes For Sale
    • Northwoods
    • Chestnut Place
    • Third Rail Studios
  • GA TECH
    • Close
    • Off Campus Housing
    • MARTA and Midtown Atlanta
  • “ITP”
    • Close
    • Adams Crossing
      • Ansley Parkside Townhomes
    • Atlanta Beltline
      • Emory University Area
    • LaVista Walk Townhomes
      • NEW Buckhead Listings
    • VIRGINIA HIGHLAND
  • Midtown
    • Close
    • About Midtown Atlanta
      • Historic Midtown Atlanta
        • Choose ATL
      • NEW Midtown Listings
      • Midtown Neighbors’ Association (MNA)
    • Midtown Atlanta HIGH RISE Condos
      • Midtown Atlanta MID RISE Condominiums
        • Seventh Midtown
        • Cornerstone Village Midtown Atlanta
        • 805 Peachtree
        • MidCity Lofts
        • The Dakota
        • Peachtree Lofts
        • Cotting Court
        • 905 Juniper
        • Peachtree Walk
        • 33 Ponce
        • Tuscany Midtown
        • Piedmont Crest
    • Midtown West
      • Twelve Atlantic Station
      • The Art Foundry
      • The Atlantic Residences
      • Element Condominiums
      • White Provision Atlanta Condos
      • M West Townhomes
    • 1 Bedroom Condos 30308
      • 1 Bedroom Condos 30309
      • Midtown 2 Bedroom
    • MARTA and Midtown Atlanta
  • CONTACT
    • Close
    • About Us
      • Testimonials
      • Time With Thom
    • Your TEAM at MyMidtownMojo
      • Michele – Silverton Mortgage
      • Ryan – Highland Mortgage
  • Buyers
    • Close
    • Mortgage Calculator
    • ASK THE BROKER!
    • Buyers Guide
      • Buyer Questionnaire
    • Market Reports
    • RELO TO ATLANTA GA
      • Atlanta GA Relocation Guide
    • Rent Vs. Buy
  • Sellers
    • Close
    • Midtown Market Reports
    • Selling Intown Atlanta Real Estate | Selling Your Home!
    • Short Sales
    • Who Is Palmer House Properties
  • BLOG

Atlanta Condos For Sale

Mortgages – Speeding Up Short Sales–There Could Be Hope and Help?

May 28, 2012 by Thom Abbott

Mortgages - Speeding Up Short Sales--There Could Be Hope and Help?See on Scoop.it – Midtown Atlanta Conversations and Condos

Starting June 15, Fannie Mae and Freddie Mac will be required to respond to short-sale offers within 60 days.

 Starting June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will require both agencies to give short-sale buyers a final decision within 60 days. (In a short sale, a lender agrees to accept less than the balance on a mortgage.)

 Fannie and Freddie must also respond to initial requests for a short sale within 30 days of receiving the buyer’s submission.

Read more and let’s hope this infact DOES speed up the short sale process…

 

See on www.nytimes.com

Filed Under: Blog, Sellers Tagged With: Intown Atlanta Short Sale Information, Seller Tips, short sale information

Short Sale Condos in 30308 Atlanta GA

May 21, 2012 by Thom Abbott

Short Sales in 30308 Atlanta GASo, you’re considering purchasing a short sale condo in 30308 Atlanta, GA? Keep in mind, a short sale is not an indication of how quickly you will be able to buy a property, but it where the owner of the property owes more than the condo is worth, and is asking the lender to let them sell it and the bank write off the balance of the loan.

Short Sale Condos in 30308 Atlanta GA

The 30308 Zip code covers Midtown Atlanta. A search as of today (May 19, 2012) brings up just 8 short sale listings! Really? Well, this is probably not correct. When a real estate agent enters a listing into the MLS, many fields on the listing are optional fields for us to fill out. One of those optional fields is called “special circumstances.” In fact, here is all the different special circumstances I have to choose from when entering a listing:

  • Agent Related to Seller
  • Active Adult Community
  • Cert. Prof. Home Bldr
  • Corporate Owner
  • Estate Owned
  • Fixer Upper
  • Foreclosure
  • Government Owned
  • Historical
  • HUD Listing (see remarks)
  • Investor Owned
  • Lease Purchase
  • Live/Work
  • Lender Owned
  • No disclosures from Seller
  • None
  • Other
  • Owner Will Consider Exchange
  • Owner Transferred
  • Owner/Agent
  • Potential Short Sale
  • Recently Renovated,
  • Short Sale Pre-Approved
  • Sold As/Is

As you can see, there are lots of choices…and probably two of the worst are “other” and “none.” So, when asked to search specifically for a short sale by a Buyer such as yourself,  it’s a bit more involved than that! I can’t simply enter short sale and search….as the condo we might want to make a offer on will not show up!

How Do I Search for Short Sale Condos in 30308 Atlanta GA

Thom Abbott Intown Atlanta Real EstateWell, the easiest way……let me do all the work! What I will do is discuss with you exactly what you are looking for in a Midtown Atlanta condo. Once I know the features and amenities you are looking for, I’ll do an overall search of ALL THE CONDOS listed in 30308. From there, I can look at prices as well as “private remarks” that may indicate to me the listing is in fact a short sale. But, I’ll also be looking for right prices properties that are NOT short sale and may also be foreclosures. Just by searching on MyMidtownMojo.com, or any website does not mean you will be able to find the home you are looking for.

Let’s go back to the list above. Some agents will list foreclosures as “Corporate Owner.” So again, if we search JUST for foreclosures, we might miss an opportunity.

The best way to find Short Sale Condos in 30308 Atlanta GA is to let us do the work for you!

 Thom Abbott Midtown AtlantaFor More Information on how we can best serve your InTown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in InTown Atlanta Real Estate single family homes and condomiums. If you are planning to Buy InTown Atlanta real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

Need to SELL your Intown Atlanta Real Estate and look for new digs? We’d be happy to talk to you about the market, marketing your home or condo and having you sing the Pending Sales Song! Let us know how we can help you!

Please use the following links to Search for Homes by Intown Atlanta Neighborhoods or Zip codes!

 

Brookhaven/Ashford Park 30319 Buckhead 30305
Buckhead 30327 Buckhead 30342
Chamblee 30341 Decatur 30307
Doraville 30340 Downtown Atlanta 30303
Druid Hills 30329 Dunwoody 30338
East Atlanta/Ormewood Park 30316 East Lake/Kirkwood 30317
Grant Park 30312 Midtown Atlanta 30308
Midtown Atlanta 30309 Midtown West/Collier Hills 30318
Morningside 30306 Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on? Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!

Filed Under: Atlanta Real Estate For Sale Or Rent, Blog, Buyers, Real Estate Tips Tagged With: Intown Atlanta Condos For Sale, Intown Atlanta Short Sale Information, short sale information

Stunning Spire Midtown Short Sale — Live the Midtown Lifestyle!–NEW PRICE!!!

February 23, 2012 by Thom Abbott

Don’t Miss This Opportunity to Call Spire Midtown Atlanta HOME! Just Reduced to $114,200!!

Spire Midtown Atlanta was a popular building when it delivered in 2005. And it remains the same today! Residents of this Midtown Atlanta condo building enjoy all that living in Midtown Atlanta offers!

And if you have been looking for an opportunity, them look no further than this great 20th floor condo that is ready to go! All the appliances remain and has assigned, garage parking as well.

Spire Midtown retail provides you with Five Guys Burgers, Fresh To Order, Firehouse Subs and a new Mexican Restaurant will be opening soon!

Come “taste” Midtown Living at Spire Midtown Atlanta!

 

We're sorry, but we couldn't find MLS # 4303816 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Filed Under: Atlanta Real Estate For Sale Or Rent, Blog, Condominiums of Midtown Tagged With: Intown Atlanta Real Estate, Intown Atlanta Short Sale Information, Midtown Atlanta Condominiums, Midtown Atlanta Condos For Sale Spire Midtown

Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

February 20, 2012 by Thom Abbott

Short Sales May Get Some HelpVia Scoop.it – Other Atlanta News Events

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process.

I might differ with the comment in the article that Short Sales do NOT bring down the value as much as foreclosures. This might only be valid in that the sales price might be higher than if the bank lets the home go to foreclosure. I’ll need to discuss this with a few appraisers!
Via www.dsnews.com

Filed Under: Blog, Real Estate Tips, Sellers Tagged With: Intown Atlanta Short Sale Information, short sale information

Dear Wells Fargo… Congratulations! You Bought a House for $8,000 less than offered!

January 11, 2012 by Thom Abbott

Short Sale Stories Intown Atlanta Real EstateVia Scoop.it – Midtown Atlanta Condos

Dear Wells Fargo, Congratulations!  You’ve bought a house!  I know you are going to be very happy there.  The schools in the area have a great reputation.
Via activerain.com

Note: I share this story with you not to “scare you” from attempting a short sale on your home, but so that you, the Seller and the Buyer know that we know the frustrations everyone faces in these kinds of situations. Perhaps these kinds of things should be brought to the attention of lawmakers. It almost seems like a crime…..

Filed Under: Blog, Buyers, Condominiums of Midtown, Real Estate Tips, Sellers Tagged With: Buyers, Intown Atlanta Short Sale Information, Sellers, short sale information

How Do I Short Sale My InTown Atlanta Home or Condominium?

November 25, 2011 by Thom Abbott

InTown Atlanta Short SalesAs I meet with Sellers each week, we often determine that they are “upside down” in their Intown Atlanta home or condominium. What exactly does that mean? That they own more on their mortgage than the property is worth. We then discuss options and when we discuss short sales, I’m asked, How Do I Short Sale My Intown Atlanta Home or Condominium?

First and foremost, you must qualify for a short sale. You must have a financial hardship before most lenders will consider a short sale for your Intown Atlanta home or condominium. While some will say you do not need to be behind on your payments to do a short sale, you may find that some lenders will not consider your hardship until you are 90 days behind on payments. This can be determined once we know who your lender is and what their policies are.

The first three criteria you must meet are:

  1. Owe More than the house or condominium is worth
  2. Demonstrate that the house or condominium cannot be sold for the amount owed
  3. Suffer from a legitimate financial hardship that makes the mortgage unaffordable.

Your real estate agent can help you determine Number 1 and 2. Number 3 is determined by your current situation. If you have lost your job, have a medical issue, or have relocated to another city, you have a financial hardship to pay your mortgage.

Once we have determined these criteria, we then need to have you sit down with our short sale attorney to assemble your short sale package.  Some of the doucments maybe sent to your lender immediately, and others will go as a complete package to the lender once an actual Purchase and Sale Agreement has been received your home. These documents will include:

Checklist for Midtown Atlanta Short Sale Documents

  • 2 Years Most Recent Tax Returns
  • 2 Months Banks Statements
  • Last 2 Months Paycheck stubs
  • Last Mortgage Statement
  • Most Recent HOA Statement and Contact information for same (if you have an HOA)
  • Most Recent Property Tax Bill
  • A Hardship letter detailing and describing your situation
  • Listing Agreement from your real estate agent

As a real estate agent, we are not lawyers nor accountants. Part of this process should be to meet with either or both of these individuals so you understand all options and liabilities involved and the consequences for you , the Seller.

Ideally, the documents are sent into the lender and a Broker Price Opinion (BPO) will be ordered by your lender. This is a key factor in the negotiation process. If the attorney is able to obtain a BPO number, this better helps you know the likely success of your short sale. If the bank comes back with a higher value than your real estate agent initially determined in setting your sales price, adjustments may need to be made. These are some of the steps we take to Short Sale Your Intown Atlanta Home or Condominium.

In our next post, we’ll talk about getting an offer on your home, and what it should contain to protect both you and the Buyer.

What is an Atlanta Short Sale?

 

 Thom Abbott Midtown AtlantaFor More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in Condominium homes in Midtown Atlanta and other In Town areas of Atlanta. If you are planning to Buy or Sell real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Filed Under: Blog, Sellers Tagged With: Intown Atlanta Real Estate, Intown Atlanta Short Sale Information, short sale information

  • 1
  • 2
  • Next Page »

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

HomeSmart

Copyright © 2025 Thom Abbott MyMidtownMojo.com All Rights Reserved | Privacy Policy | Cookie Policy | Terms of Service | Disclaimer | Log in