Hamilton Mill Short Sale Help – Prevent Foreclosure

Matt Hermes is a Certified Distressed Property Expert

I am answering way too many questions recently regarding Short Sales and Foreclosures in and around Hamilton Mill. Unfortunately many people (1 in 6 households) are behind on their mortgage and not sure what to do next.

There is a couple of options you have and I urge you to talk to Matt Hermes or a qualified real estate agent about these options.

1. Talk to the bank and ask for help. Forebearance is a great option I have helped numerous people with both in Hamilton Mill and the outlying areas.

2. Short Sale – Sell the home for less than it is worth.

3. Deed In Lieu – Friendly foreclosure. Careful on this one. It is really the same as a foreclosure on your credit.

4. Foreclosure. Should be your last choice.

Short Sales are probably the best way to get out from under your mortgage and you may even qualify to get $3,000 when the home sells for moving expenses. Hamilton Mill and Dacula residents, please know there is free help out there for you. You only need to ask.

Free Short Sale Information and Help

Check out my new website that is getting a lot of traffic for a number of FREE reports.

Hamilton Mill / Collins Hill Area New Homes Are Coming!

I just got word that another builder is starting a new home project close to Hamilton Mill and this one is going to be a great value.

I have seen a marked improvement in my Buyers interest in new homes and this news is a welcome sign to myself and other agents in the Lawrenceville, Collins Hill and Hamilton Mill area. New home sales are what is going to help a strong real estate market recovery and I work with local and national builders on a regular basis (not what it used to be but…).

Area new home pricing is averaging around $256,000 in what we call area 63 which encompasses most of Lawrenceville, Dacula, and parts of Buford. In all, there are 86 new homes currently under construction in this area alone which is significant.

The subdivision I mentioned earlier is at a lower price point than the $250,000 range which is really the sweet spot for home builders.

I will pass on more information as it becomes available and please let me know if you or someone you know is looking at buying a new home any time soon.

Make it a great day.

Why all the talk about Hamilton Mill in Dacula GA

Over the years I have been asked numerous times about Hamilton Mill in Dacula Ga and what is so special about it.

Where do I start?

1. Wonderful family atmosphere that has a small town feel make Hamilton Mill feel like a Home Town.

2. Great neighbors that truly care for you in good times and bad.

3. Loads of activities for any family. Kids, teenagers, empty nesters. You name we offer things for you to do year round.

4. Very active and successful swim team and ALTA tennis teams in Hamilton Mill.

5. Close to everything. Mall of Georgia, Home Depot, you name it we have it close by.

6. Steady home values. Yes, the values have dropeed but we maintain our overall pricing in Hamilton Mill.

7. Various home sizes to accomodate all size families.

8. Home prices that attract any type buyer. Lowest priced home is $139,900 to $699,000 for the highest priced home.

9. Wonderful Fred Couples designed golf course.

10. Excellent schools. Ranked as one of the top school systems in the State.

Just a few reasons why I call Hamilton Mill, my Home Town.

Hamilton Mill History Quiz

I am giving away a free “Millionaire Real Estate Investor” book authored by Gary Keller to the 1st person that can answer this question about Hamilton Mill in Dacula GA.

The original developer of Hamilton Mill bought a “Mill” stone as a Centerpiece for the subdivision that bears it’s name. It is located on the Hamilton Mill property. Where is the Mill stone located.

Email Matt@MattHermes.com the correct answer or post a comment here.

Free “Winning With Foreclosures and Short Sales” seminar in Hamilton Mill

Free Tonight, Tuesday, October 26th from 7-8:30 we will be hosting a Free Seminar at the Hamilton Mill, Lakeview clubhouse.

“Winning with Foreclosures and Short Sales” is a seminar to inform and provide knowledge to current and future investors in the real estate market.

We will explore the 6 keys to winning with Foreclosures and Short Sales as well as provide a market update of the Hamilton Mill, Dacula Ga market and surrounding areas.

This free event is sponsored by Matt Hermes & Associates of Keller Williams Realty along with O’Kelley and Sorohan Attorneys at Law, Chuck Walden of Prospect Mortgage and Trademark Pest Solutions. 

We will also be giving away 10 Millionaire Real Estate Investor books to a lucky few in attendance. This book could possibly change your life.

Hope to see you tonight at 7pm. No rsvp required.

Hamilton Mill / Dacula – Distressed Homes

Is anyone you know struggling to make mortgage payments? With millions facing foreclosure today, chances are someone you know is in this situation.

The first thing to understand is that you are not alone, and there are dignified solutions to foreclosure. A short sale is one alternative becoming more and more common. Many homeowners pursue this route because the financial effects of short sales are much less damaging.

From loan eligibility to credit status, the results of a short sale leave you in a much better financial position than foreclosure. To explain further, I’ve created a free report showing the exact differences between a short sale versus foreclosure, which you can download here:

Free Information Website

This isn’t the easiest situation to deal with. However, confronting an unaffordable mortgage head-on with the right information can help homeowners regain financial stability.

As a CDPE-designated agent, I have extensive training in pursuing foreclosure alternatives. I can help homeowners figure out their best possible options.

Distressed Property Website For Hamilton Mill, Dacula GA

In an ongoing effort to help those homeowners  in and around Hamilton Mill who are in need of advice, support and understanding during the potential loss of their home to foreclosure we are here to help.

I have put together a website that offers to homeowners in Hamilton Mill and Dacula Georgia who may be in the process of losing their homes a place to come and research what your options are.

If you or someone you know is falling behind or has fallen behind on their mortgage payments please direct them to this site. Foreclosure is not the only option and it is one that will stay with you forever. 

Check out my Foreclosure Solutions for more information on how we can help you with your home in Hamilton Mill or in the surrounding areas of Dacula and Gwinnett County.

Forrest Wood Cup and FLW Outdoor Expo – Hamilton Mill area

The largest bass fishing tournament in the country is heading to the Gwinnett Civic Center and Lake Lanier this weekend, August 6-8 and I got a bunch of tickets I want to get to my friends and clients who would like to go for FREE.

Here is a link to the site for more information.

http://www.flwoutdoors.com/forrest-wood-cup/2010/index.cfm

Give me a call or email me and let me know you saw this post on my blog and the tickets are yours.

Beyond The Homebuyer Tax Credit – Hamilton Mill and Dacula GA

 The data is in! According to the National Association of REALTORS® existing-home sales rose again – increasing 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April–due to buyers motivated by the tax credit, improving consumer confidence, and favorable affordability conditions.

That’s great news for real estate and the economy, but one question still remains:

What happens beyond the homebuyer tax credit?  

Answer: distressed properties. The market for distressed properties – including foreclosures, short sales and REOs – remains high and many buyers stand to save considerable money on the purchase of one of these homes.

Is a distressed property the right deal for you?

With the first-time homebuyer tax credit deadline having come and gone, you may be asking yourself, “What now?” Fortunately, the door is now open to a new wave of savings: distressed properties.

 For many buyers, the term foreclosure brings up images of run-down homes with no heat and rotting wood. While this is still the case for some homes, it’s no longer the standard. In fact, first time buyers are snatching up distressed deals in decent condition for great prices. 

According to a November 2009 Keller Williams Research Buying Distressed Properties Survey, 40 percent of all buyers for bank-owned foreclosures (REOs) were first-time buyers in 2009. 50 percent of all short sale buyers were first-time buyers.

By definition, a distressed property is one that was purchased with a loan and the homeowner is no longer able to make their mortgage payment resulting in foreclosure – or if they’re lucky a short sale – meaning they owe more on the home than it’s currently worth. With a 20 percent increase in foreclosures from 2009, distressed properties still remain a large portion of home sales and are going to continue well into 2010 as homeowners continue to feel the effects of an economy on the mend.

If you’re in the market for a home and are prepared for a unique transaction, a distressed property can be a great option. Here’s why:

Prices are low – Buying a foreclosed property is an excellent way to get a home for less. Research shows you can save 10-40 percent over the price of similar properties in a traditional sale.

Mortgage costs are low – With rates hovering near historic lows, financing costs to are favorable. Keep in mind, rates are always changing. It’s important to begin the pre-approval process so that you know how much you can realistically afford.

You have options – The number of homes in some stage of the foreclosure process still remains high. RealtyTrac, a site dedicated to tracking foreclosures across the country, estimates that there are approximately 2.1 million homes in some stage of foreclosure in the United States.

Sellers and lenders are motivated – According to data from RealtyTrac, in April, one in every 387 households in the country has received a foreclosure filing. The bottom line is that many sellers are still feeling the pain of a down economy and are anxious to out get from under a home that is putting stress on their current financial frustrations. While it is still an emotional transaction, these sellers are willing to come down on price or even consider concessions such as helping out on closing costs. Banks holding on to large portfolios of Real Estate Owned (REO) properties want to unload quickly – and price these home to sell. 

Buying or Selling a home? Be careful who you hire to move you – Dacula Ga / Hamilton Mill

As we approach the busiest time of the year in the real estate market I wanted to bring to your attention one of the areas of moving that can be very costly if you do not do your homework.

Moving can be a great or very frustrating experience and the last thing you want to do is get taken advantage by the people you put your trust in to move your personal belongings.  As it is, moving is very stressful (they say one of the top 3 most stressful things we deal with) but make a bad moving company decision and it can be costly both on the emotional and financial side of things.

As a whole, moving companies are honest, fair and do what they say they are going to do at a reasonable price. However there are exceptions. Every industry has bad apples, even real estate, but some moving companies will take advantage of you if given the opportunity and you need to be careful in choosing who you use to move your possessions.

A read an article today on msnbc.com about this very topic today and thought it might be useful. Tell me what you think.

Here is a link to the article: Moving? Be careful who you choose.

I also wanted to post a few hints from my experiences in the past and offer some tips to a successful move.