Zac Pasmanick - The Zac Team

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New improvements to rules regarding second loan modification and short sales

by the zac team @ RE/MAX Greater Atlanta

Good news! The government is now allowing loan modifications on second mortgages, lines of credit, etc., thereby enabling previously ineligible homeowners a second chance to relieve financial stress. These second loan modifications can be done in one of a few ways, such as reducing the interest rate and extending the life of a loan, or by automatically reducing payments on a second loan when the primary loan is modified.

Additional short sale options are also becoming available! Below is an excerpt from an article on Realty Times:

Under the new short sale incentive, lenders can receive a $1,000 payment from the U.S. Treasury for allowing the owner to sell the house for less than the amount owed on the mortgage and for accepting the proceeds as full repayment, rather than treat it as a short sale.

Lenders can also receive $1,000 for accepting a deed-in-lieu transaction, in which the deed is simply transferred to the lender instead of going through a costly foreclosure.

Homeowners who agree to short sales or deed-in-lieu deals can receive up to $1,500 in closing costs. To help stop second mortgages from blocking the deal, the Treasury will pay second lien holders up to $1,000 to relinquish their claims in such transactions.

Read more about the stipulations and details here!

Are or someone you know you facing possible foreclosure? You are not alone! And we can help. Zac is a Certified Distressed Property Expert, which uniquely qualifies him to work with homeowners who are struggling to make their mortgage payments. One option is a short sale, where, due to extenutating circumstances, your bank will let you sell your home in exchange for whatever sale price you can on your property. Our office is currently working with a number of short sales and has the resources to help our neighbors and community avoid foreclosure. For more details, please visit our website www.SavingFamiliesFromForeclosure.com!

Free Report: Foreclosure Versus Short Sale: Homeowner Consequences

by the zac team @ RE/MAX Greater Atlanta

Many Atlanta and Decatur homeowners don’t realize that a successful short sale is a feasible way to avoid foreclosure. Did you know that your current employment could be at stake if your home goes into foreclosure? Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediate reassignment or termination. However, a short sale is not reported on a credit report and is therefore not a challenge to employment.

 

For your FREE REPORT with a side-by-side comparison chart of short sales versus foreclosure with this information and more, please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

 

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: The 7 Most Common Short Sale Pitfalls

by the zac team @ RE/MAX Greater Atlanta

A short sale on your home can be a viable option to avoiding the heartache of foreclosure. You want to ensure that you and your family avoid seven common traps that agents and homeowners fall into during this process!

The most common pitfall is pricing a property incorrectly, resulting in more expired and unsold properties. So how do you solve this issue?

For your FREE REPORT with the solution to this and the other six most common pitfalls, please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

You don’t have to go another day living with the stress and fear of foreclosure! There are options such as a short sale, which can help you sell your home without the damaging and lasting effects of foreclosure!

 

A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if this is a solution that you feel meets your current needs.

Some of these myths are:

You must be behind on your mortgage in order to negotiate a short sale

Listing my home as a short sale is an embarrassment

There is not enough time to negotiate a short sale before my foreclosure

Find out the truth behind these and four other common short sale myths with your FREE REPORT from the zac team. Just visit us online at www.SavingFamiliesFromForeclosure.com to request your copy. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: Options and Solutions for Homeowners in Foreclosure

by the zac team @ RE/MAX Greater Atlanta

The current US housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. Don’t wait another day! The options for foreclosure are many and this FREE REPORT gives you a brief explanation of these solutions.

Did you know that you may be able to take advantage of a forbearance plan that could temporarily suspend your mortgage payments? Or a repayment plan that allows you to pay back portions of back payments over time?

Find out more about these and other foreclosure avoidance options with our FREE REPORT,Options and Solutions for Homeowners in Foreclosure.” Just visit us online at www.SavingFamiliesFromForeclosure.com to request your copy. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: Three Must-Have Qualifications for a Short Sale Homeowner

by the zac team @ RE/MAX Greater Atlanta

While the misconceptions of what qualifies a seller for a short sale are many, the reality is actually very simple. Don’t wait for another day or another missed payment to go by! Find out if you qualify for a short sale and save your home from foreclosure!

In this FREE REPORT, we will explain the three major items that most lenders are looking for to see if you will qualify. The first thing a lender is going to look for in a short sale is that you qualify for a “financial hardship.” This is a verifiable issue that has or will cause you to miss payments or have financial difficulties. These issues can include mortgage payment adjustment, job loss, business failure, etc.

For your FREE REPORT with the definition of “financial hardship” (and to find out the other two must-have qualifications for a short sale), please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

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.

# # #

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?"

Displaying blog entries 1-8 of 8

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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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