Zac Pasmanick - The Zac Team

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Why Are Experts Calling the Housing Market Bipolar?

by the zac team @ RE/MAX Greater Atlanta

Greetings neighbors,

Wondering how the real estate market is looking these days after the expiration of the First Time Home Buyers Tax Credit? According to recent articles, the market is actually being called bipolar. Many experts feel today's market is being pulled in different directions and are unable to predict which way it will end up.

With that being said, there have been implications of an improving market with the rise of sales and prices. However, there has also been a significant increase in the rise of interest rates and home repossessions. In addition, the market is also facing millions of foreclosures that need to be sold but have not been listed. This shadow inventory could potentially cause a rift in a recovering market if they hit the market all at once.

Taking these points into consideration, many experts are predicting somewhat of a negative impact for the short term but a positive impact by the end of this year.

Your Credit and Foreclosure, What You Should Probably Know

by the zac team @ RE/MAX Greater Atlanta

Greetings neighbors,

For those who may keep up with the real estate market, you are well aware that foreclosures and short sales are becoming pretty prevalent in today's market. However, there are signs that the economy is improving and some economist say the economy's rise is happening a little faster than expected. With some distressed home owners going through the process of foreclosure, many are understandably concerned with the impact a foreclosure will have on their credit.

Recent estimates from Fair Issac, the corporation who developed FICO scores, revealed how your credit could possibly be affected after mortgage delinquency problems. Estimates on the average hit your credit will take are as follows:

Hit of 40-110 points for being 30 days late

Hit of 70-135 points for being 90 days late

Hit of 85-160 points for Foreclosure, Short Sale, or deed-in-lieu

Hit of 130-240 for Bankruptcy


Looking for agents with experience in working with distressed properties? Contact the zac team, RE/MAX Greater Atlanta. Address: 1057 Ponce De Leon Avenue Northeast Atlanta, GA 30306 Phone: (404) 564-7200

Avoid foreclosure on your Atlanta or Decatur home!

by the zac team @ RE/MAX Greater Atlanta

This real estate market has caused unbearable stress and heartache.

We can help you avoid foreclosure.

Homeowners who are experiencing financial problems need to act quickly. There may be options other than foreclosure or bankruptcy. Foreclosures negatively impact a homeowner’s credit, future livelihood, and disrupt families and their loved ones.

A short sale may be the answer. As Certified Distressed Property Experts, we can give you the expertise necessary to save your credit, relieve the uncertainty and, most of all, help your family! Zac just returned from Denver where he spent a few days immersed in the world of short sales. In the past few weeks, he has spent 28 hours learning the ins and outs of short sales. You want an expert on your side determined to help you and your family avoid foreclosure!

For more information, please visit www.ShortSalesInAtlanta.com

Or email Zac at sold@zac.biz for a confidential evaluation.

You can also read more about short sales and foreclosure in our blogs here:

1. Click here for: "Foreclosure and bank-owned property vocabulary explained and defined!"

2. Click here for: "Facing foreclosure in Atlanta? Explore the possibility of a short sale, avoiding foreclosure, and potentially saving your credit."

3. Click here for: "What is a short sale in real estate? And how can it help sell a home in Atlanta?"

Displaying blog entries 1-3 of 3

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
600 Virginia Avenue NE
Atlanta GA 30306
Office: 404-564-7272

 

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