Westview, West End Realtor

Nia Knowles

Certified Short Sale & Foreclosure Specialist

AREA West Realty Group
Powered by Solid Source Realty
C:
 404-414-3289 
E: niaknowles@solidsourcerealty.com
W: www.niaknowsrealty.com  

West End / Westview Blog: www.niaknowles.wordpress.com

www.BrownstoneBungalow.Wordpress.com

Pretty amazing…

Today at a closing, my seller gave the buyer a check to help start her off in her new home with window treatments!  I thought this was a pretty amazing gesture which spoke millions about his character. – I work for the best!

Check out my properties above for what’s hot!

(P.S. it was a small token, no cash back for purchasing!)

Allow me the opportunity to help you with a Short-Sale…

Unfortuntly another friend has lost their home due to foreclosure.  I wish I would have known they were going  through this… I would have wanted to help with either assisting them obtain a Loan modification or via Short-Sale..

If you are facing Foreclosure- please allow me the opportunity to help you.  Email or call anytime: niaknowsrealty@yahoo.com and let’s begin the process and discuss your options. There is no cost to you for my services- my commission is earned AFTER the sale of your home and paid by the bank.  I work with a Real Estate attorney to give you the best possible service.

What’s a Short-Sale?

A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.

Examples: If the unpaid balance of a loan is, say, $100,000 and a property sells for $90,000, under a short sale the lender might accept $90,000 as payment in full.

Buyers Being Lured to 100% Loan Program

More buyers in search of home loans are turning to an obscure program operated by the United States Department of Agriculture.

The program allows no-money-down purchases. In fact, including a mortgage insurance policy, a borrower can seek up to 102 percent.

To be eligible, buyers can’t have income that exceeds 115 percent of the median county income. The loans are restricted to low-density areas, generally towns of no more than 25,000 residents. The loans are made by private lenders, then insured by the government.

Some home builders are promoting the use of this program. “It’s one of our main tools right now,” says John Bargnesi, vice president for sales of Scottsdale, Ariz., home builder Meritage Homes.

Source: The Wall Street Journal, Nick Timiraos 

Mortgage Lenders

I’m always asked “Are you closing anything in this market?- Are your buyers getting funding?” Thankfully I can say ” YES, YES,YES”!… I owe this to the wonderful, hardworking, knowledgable lenders I continue to work with.   If you are considering buying a home, your first step will be to obtain a Pre-Qualification letter. I suggest contacting a few lenders and comparing interest rates. I’ve had great success with those on my list below. 

LIST OF LENDERS

Facts About Seller-funded Downpayment Assistance Provision

The Housing bill signed by the President on July 30, 2008, does not eliminate all downpayment assistance programs from eligibility for FHA insurance. Only those programs that are funded directly from the seller or other party to the transaction are prohibited. Downpayment assistance from family members, government programs, or charities that are not seller-funded is still permitted. The prohibition goes into effect October 1, 2008. Read more about the Seller-funded Downpayment Assistance Provision.