Zac Pasmanick - The Zac Team

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Short Sales, a Likely Alternative and the 6 Most Dangerous Short Sale Myths

by the zac team @ RE/MAX Greater Atlanta

Greetings,

Do you know of anyone who may be facing financial trouble or foreclosure in today's economy? According to Jobstat, an estimated 92,000 jobs will be lost in Atlanta before this year is out. With these staggering numbers, we feel it's important to equip our readers with useful information and solutions.

Those of us who are home owners know that it would be a nightmare if we or a loved one were to face foreclosing on a home and would prefer to find another alternative.One alternative for foreclosure is short sales. Short sales is selling your property for an amount that's lower than what is actually owed. However, there are many myths surrounding the act of short sales that may detour a home owner.

For example, Myth #1: Short Sales are Impossible and Never Get Approved: This myth couldn't be further from the truth. Although short sales are more difficult they are not impossible. New processes are required for short sales therefore you would need to speak with a CDPE or Certified Distressed Property Expert who has adequate training in short sales.

Myth #2: Banks are Not Accepting Short Sales; They are Waiting on a Bailout: This is another misconception, banks as well as the U.S. government would actually prefer to avoid property foreclosure. In actuality banks are pursuing Short Sales and the agents who comprehend the process.

Myth #3: You Must Be Behind on your Mortgage in Order to Negotiate a Short Sale: Although initially lenders wanted a home owner to be behind in payments before considering a short sale, this trend has slowly faded causing today's lenders to look for verifiable hardship, insolvency, or a shortage of monthly cash flow.

Myth #4: Buyers are Not Interested in Short Sales and Avoid Them: Again this has proven to be untrue in today economy. Short sales are considered GOOD DEALS by buyers. Many agents today are getting calls asking for short sales or foreclosures.

Myth #5: Listing my Home as a Short Sale is an Embarrassment: With 1 out of 5 home owners facing foreclosure today it is actually commendable and definitely not an embarrassment for someone to admit they need help and want to keep their home/property from going into foreclosure.

Myth #6: There is not Enough Time to Negotiate a Short Sale Before My Foreclosure: This is one of the biggest misconceptions out there. What many home owners fail to realize is that foreclosure doesn't happen over night, it is a process. With just a simple phone call from the home owner, a lender can stall a foreclosure with a legitimate contract. You have until the foreclosure process is actually complete; so there is plenty of time my friend.

For more information, please feel free to check out our short sale website www.SavingFamiliesFromForeclosure.com or give Zac a call directly at 404.564.7272.

 

Celebrating 30 Years of Selling Atlanta Intown Real Estate – One Yard at a Time!

by the zac team @ RE/MAX Greater Atlanta

For immediate release

 

June 15, 2009 - Not every Realtor has the pleasure of saying that he or she has helped our intown Atlanta residents buy and sell real estate for 30 years, but Zac Pasmanick of the zac team @ RE/MAX Greater Atlanta is one of those unique individuals! Although Pasmanick initially earned his right to practice real estate in Connecticut in 1978, he received his Georgia real estate license on June 15, 1979. And he has been on a roll ever since!

 

One could say that Pasmanick was born into the business after his parents raised him in the Morningside neighborhood of Atlanta. Pasmanick began his career as an agent with Coldwell Banker in Morningside before moving on to RE/MAX. Highlights of Zac’s career include RE/MAX International Lifetime Achievement Award and member of the Hall of Fame; lifetime membership in the Atlanta Board of Realtors (ABR) Million Dollar Club; Circle of Legends and The Crystal Award from ABR; and consistently finishing as a top team, both in Georgia and worldwide.

 

Pasmanick has historically centered his business on retail real estate. In the past few years, his focus has widened to include bank-owned properties, short sales, and saving families from foreclosure. He has since earned his Certified Distressed Property Expert designation and is uniquely qualified to help homeowners in danger of losing their homes.

 

“It’s hard to believe that my team has helped our Atlanta and Decatur neighbors with over 4,100 real estate transactions!” said Pasmanick. “I am privileged to be part of such a great profession and look forward to helping many more clients in the next 30 years!”

 

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Zac Pasmanick, CDPE, CRS, CRB, GRI, and Life Member Atlanta Board of Realtors' Million Dollar Club has been the Associate Broker and team leader for the zac team @ RE/MAX Greater Atlanta since founding the company in 1993. Prior to 1993, Pasmanick worked for Coldwell Banker and RE/MAX as a real estate agent. The zac team is a full service real estate team with Sales Consultants, Listing Partners, and staff to serve all of your Atlanta, Decatur, Buckhead, Morningside & Virginia Highland home buying & selling needs!. The zac team office is open seven days a week and located at 1057 Ponce de Leon Avenue, Atlanta, GA, 30306.

 

You can find Pasmanick on Linked In, Plaxo, and facebook and visit his blog at http://blog.zac.biz!

For more information, please contact Jenny Pittam, Marketing Manager at the zac team, at 404.564.7250 or jenny@zac.biz.

Get the press release by clicking here!

Zac Pasmanick Earns Prestigious Designation to Help Homeowners in Danger of Foreclosure

by the zac team @ RE/MAX Greater Atlanta

Hello Neighbors,
Zac just returned from Denver where he immersed himself in the ins and outs of shorts sales and earned the elite designation of Certified Distressed Property Expert. Please check out our press release below!  And please don't hesitate to contact us if you or someone you know is in danger of falling behind on your mortgage payments or of going into forclosure: 404.564.7200.

Zac Pasmanick of the zac team @ RE/MAX Greater Atlanta (www.ShortSalesInAtlanta.com) has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales.

FOR IMMEDIATE RELEASE

PRLog (Press Release)Feb 26, 2009 – Zac Pasmanick of the zac team @ RE/MAX Greater Atlanta (www.ShortSalesInAtlanta.com) has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

In the Atlanta area, thousands of homes are in danger of foreclosing. Approximately 10% of homes are in default nationwide. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.

“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Pasmanick. “It is so rewarding to be able to help sellers save their homes from foreclosure.”

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Pasmanick with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.

“Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.

Zac Pasmanick has been in the Atlanta real estate business for 30 years and works with a team of agents knowledgeable in both selling and buying short sale homes and foreclosures. For more information on avoiding foreclosure, Pasmanick and the zac team can be reached at 404.564.7200 or www.ShortSalesinAtlanta.com for a confidential consultation. For more information about CDPE designation, please call 1-800-482-0335.

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About the zac team: A full service real estate team with Sales Consultants, Listing Partners, and staff to serve all of your Atlanta, Decatur, Buckhead, Morningside & Virginia Highland home buying & selling needs! Serving over 3,500 happy families since 1979!

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?"

Quick reference for the new tax credit, Wells Fargo movie time, and the Crackberry

by the zac team @ RE/MAX Greater Atlanta

Hello Neighbors,
Following is my Wednesday Morning with Zac email that goes out to local real estate agents in the Atlanta area and, as usual, I would like to share it with you, too!
And this week marks the one year anniversary of Wednesday Morning with Zac!

As the debate rages as to the effectiveness of the new Homeowner Affordability and Stability Plan, we as real estate agents should continue to do all we can to stabilize the economy by helping homeowners stay in their houses and helping buyers take advantage of historically low rates. The AJC ran an article this Sunday titled "Home rescue builds up hope" which discussed both sides of the issues. Oh yes, and my opinion snuck its way in at the end of the article... Read it here.


Atlanta home prices continue to dip. A report released yesterday by Case-Shiller shows that Atlanta home prices are on line with June 2002 values. Read more here...


Success rides on what you know, who you know, and who trusts you. Now, more than ever, your best safety net is, well, YOU. Read more here about the "return on reputation." Your reputation and knowledge can make or break you, which is why you’ll find me at conferences and seminars across the nation. The next one that my team will be attending will cover working with buyers.

We know the top 14 objections that Buyers give when purchasing a home... Here are the first three:

1. "It’s not the right time to buy."
2. "The area is too new."
3. "The area is too old."

More importantly than just knowing these, we actually know how to respond to these objections, so that any Agent can still leave with a signed contract that day. Can you do the same? Now you can learn how!

It’s rare that I publicly endorse an event, however, I feel so strongly that our real estate community can take advantage of this great educational event that I am recommending it to everyone!

Mike Ferry, one of the nation’s most successful real estate coaches, is bringing his team to Atlanta for a one-day seminar titled, "How to Show & Close Buyers!" Topics include prospecting, pre-qualifying, handling objections, establishing standards, and showing property. The Mike Ferry system has been very rewarding and my whole team and I will be there. I hope to see you there, too!

Click here for the info sheet to learn more!
Click here for the registration form to fill out and fax back in!


If you have any questions, please call Lourdes at 800.448.0647, ext. 5304. And my team and I will see you there!

We are searching for two additional agents who, if given an abundant amount of leads, can close at least two additional transactions per month. If that’s you, then I have those leads. Seats in our office are filling up, so please call me directly at 404.564.7272.

Quick reference for the new first-time home buyer tax credit! Click here for the chart from the National Association of Realtors that gives you a side-by-side comparison of the previous $7,500 tax credit versus the $8,000 one just passed.

Certified Distressed Property Expert. I just returned from Denver where I spent a few days immersed in the world of short sales and, in the past few weeks, have spent 28 hours learning the ins and outs of short sales. I am more determined than ever to help homeowners avoid foreclosure! However, short sales can be an intensive process and I would love to help you with your short sale referrals if you find yourself without the time to handle them. Please call me directly at 404.564.7272 so we can effectively help sellers avoid foreclosure.

Upcoming seminars & investing classes. Whether seeking knowledge for your personal real estate investing or looking for continuing education classes, John Adams has it all. If you follow his articles in the AJC and are interested in his upcoming seminar schedule, you can check it out here!

Upcoming listings:
M West: 2BD / 2.5BA for $218,850
East Lake: 4BD / 2.5BA for $500,000

Wells Fargo + the movie theater = "Meeting the Market Challenge 2009." On March 12th, Wells Fargo is presenting a live broadcast to 50 theaters across the country featuring Brian Buffini, David Bach, & Andre Brooks as they discuss their outlook on the market and helping buyers make informed decisions. Popcorn and coke included! Click here to register before March 10th!

"I wish I had bought back then!" Of course, nobody can predict when the market will officially turn around, but we can sure talk about it! And talk about how this is the year to buy, the stars are aligning, and you don’t want to miss out on the fantastic opportunities going on now. Millions of Realtors can’t be wrong, right? Click here for more!

Take action to support a statewide Home Buyer Tax Credit! HB 261 is separate from the current housing rescue plan and creates a one year Georgia Homebuyer Tax Credit for the purchase of an eligible single-family residence with a purchase price between $40,000 and $300,000. Read more and express your support here in the Georgia Association of Realtors Action Center!

Supra eKey for Crackberry. So, you bought your Blackberry and you know it does all these amazing tricks, but do you know how to take full advantage of it? From using your smart phone as a Supra key to managing and marketing your listings, you can learn it all at the Georgia Real Estate School’s class! Click here for the registration form!

Do you have friends who are interested in joining the real estate business? We have a link on our careers page to real estate licensing, appraisal, and home inspection schools!

Plug up the money drain! Do you find yourself trying to figure what else you could cut out of your budget to make the tight fit these days? Try cutting the advertising, practicing your scripts, and bringing your own coffee to work. Click here for an article!

Top Ten Tips to be a Successful Seller. Here is a great article to help guide your sellers as they go through the process of going on the market and maintaining an active listing! Click here...


Best wishes for a successful week!
Zac

404.564.7272 | zac@zac.biz | www.zac.biz | http://blog.zac.biz

P.S. Good to know from last week...
Foreclosure Dictionary. This is an extremely comprehensive list of foreclosure and REO terms and definitions which can help you with contracts, clients, and perhaps your trivia game. Click here!

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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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