City Council Needs to Hear from You!

Thanks to Patrick and Steffi Berry/concerned residents of Westview for developing the below message and site. Let’s be heard Atlanta!!! Read on and DO something:

“Last Thursday, March 26th 2009, the Zoning Review Board voted to approve the Supportive Housing Ordinance (Z-08-48). The ordinance basically grants supportive housing operators the ability to operate without a special use permit, and therefore abolishing the vote by the NPU required to open a facility. This ordinance will grant the operators the ability to still operate with special uses – such as higher occupancy rates.

The NPUs have not been engaged in the process, and at the hearing not one resident or homeowner spoke in favor of the ordinance. The proponents were all developers and people who stand to gain financially by easing up the rules.

The ordinance will grant all the power to the Mayor’s office through a certification process. The certification requirements they were presenting at the hearing were less than a page long. It will without a doubt be exploited.

Please take a moment and fill out the form on http://www.npuvoice .org/to contact your council member. They need to hear from you on this matter!

Also, please note that everybody is in favor of having some type of supportive housing. This isn’t a battle against the homeless. It is a battle to make sure the NPUs and you continue to have a voice.”

463 East Ontario Ave, Atlanta GA

Classic restoration of this 1920 Craftsman Bungalow.  3bed/2baths- nearly 2000 sq ft, partial basement, massive attic space for future  2nd Master Suite conversion…spacious lot. Too many features to list. View the tour below:

http://www.flyinside.com/tour.php?id=33178

The Fed: Coming to a Theater Near You

The Federal Reserve is taking over the big screen, showing ads at movie theaters that warn against foreclosure fraud.

The spots will run in 14 cities with high-foreclosure rates and an abundance of financial scam artists who often result.

The ads last 30 seconds and feature photos of individuals and families. They open with the question, “Are you facing foreclosure?” and close with the reassurance, “It shouldn’t hurt to get help!” Before the fade, there are foreclosure tips.

“Everyone goes to the movies at some point,” says Sandra Braunstein, director of the Fed’s Division of Consumer and Community Affairs “The more attention we can put on this, the more consumers can protect themselves from scam artists.”

Source: The Wall Street Journal, Sudeep Reddy (03/27/2009)

Survey: Households Say Now Good Time to Buy

More than three-quarters (78 percent) of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy.

Out of the 1,000 prospective U.S. first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better time to buy than six months ago.

Prices are the driving motivation for potential first-time home buyers with more than eight of ten first-time home buyers (85 percent) saying they consider current home prices affordable and 73 percent citing that taking advantage of current prices is a major factor in their decision to buy.

Interestingly, potential first-time buyers are still split between “being willing to consider an offer now” (42 percent) and “waiting for prices to go down before they seriously consider making a purchase” (48 percent).

“Current pricing, rates and incentives, such as the First Time Homebuyer Tax Credit, provide tremendous opportunities for first-time home buyers to get into the market,” said Tom Kunz, Century 21 Real Estate president and CEO. “Our research shows that while consumers still have concerns about the future of the economy, many are actively considering their options as we move into the spring selling season.”

Among the survey’s other key findings:

  • Bargains in the marketplace are providing additional options for buyers to consider. 56 percent of potential first-time home buyers are considering purchasing a foreclosed or short sale home, and 63 percent are open to purchasing either a “fixer-upper” or “as-is” home.

  • When asked to rate the features that they look for when choosing a home, price is the primary consideration with 87 percent saying this feature is “very important,” followed closely by neighborhood safety (80 percent) and the condition of the home (71 percent)
  • Having enough money for a down payment is a top concern of potential first-time home buyers as nearly half (46 percent) said they are “very worried” about the issue.
  • Most respondents (86 percent) are in the market for single family homes.

Source: Century 21

580 Holderness St, Step inside

Historic West End 1915 Bungalow, renovated and ready! 

FMLS# 3879986. 3bed/2full bath Craftsman. Master Suite with double vanity, jetted tub and walk-in closet. Grand details: 4 marble fpls, hrdwds, chandeliers, SS Appls, Farm sink.  “Goodbye” white walls-“Hello”airy designer colors!  Private 1 car garage and fenced backyard. Walk to Grounds Coffeehouse, Beltline, Marta,  Mall, Library and  Museums.   Active neighborhood association (www.AtlantaWestEnd.com) Motivated seller!!

*Ask about Private Security option*

Want to see more? Ask your agent for a tour today- you don’t want to miss the original details of this home!!!!

A long week in the End…

Thanks to John Pavlin, the VP of West End Neighborhood Development , for  coming up with a great social idea for the neighborhood;  “W.E.N.D.esdays” ….   Now, Historic West End will have walking tours weekly on Wednesday evenings at 6PM. Meeting at the Grounds Coffee Shop under the Skyloft (898 Oak Street) , behind CVS on RDA.  This week the first gathering had a very good turn out.  W.E.N.D is inviting all to tour the neighborhood and enjoy the good weather!

In addition to the WEND cleanup, Friends of West End Parkheld a cleanup today, thanks to Yomara Velez and the FRIENDS (Ryan, Stephanie, Beth, Mary, Joel, Carlton, Reggie,Gretchen, Ayana -Park Pride and the many others) for organizing and making the Oak Street,Lucile, Dargan,Lawton Park- my favorite!!  Awesome paint job and clean up guys.

Lastly, thanks to my bestest- Jerilyn Lewis( the best investor REALTOR in the ATL- 404-771-7956) for your help with my flower bed. I didn’t realize it needed THAT much work- nor did I realize that gardening is THAT much work.. lol.. now, ode to you- it should be  ‘Easy street’ for me..

 

 

Mortgage Fraud Rises as Sales Decline

Mortgage fraud increased 26 percent in 2008 compared to 2007, according to a study released Monday by the Mortgage Asset Research Institute.

The increase reflects fewer loans. About $1.4 trillion in home loans were made in 2008, down a third from the previous year.

More than 60 percent of the mortgage fraud cases last year were tied to falsified applications; 28 percent reflected falsified tax returns or financial statements; and 22 percent were related to appraisals.

The fastest-growing scams, the report said, are perpetrated by foreclosure prevention specialists, who offer to rescue distressed borrowers, then flee with their money.

The 10 states with the most fraud (in descending order) were:

  • Rhode Island
  • Florida
  • Illinois
  • Georgia
  • Maryland
  • New York
  • Michigan
  • California
  • Missouri
  • Colorado


Source: The Associated Press, Alan Libel (03/19/2009)