Short Sale Homes in Ball Ground Georgia

How To Short Sale In Ball Ground, Georgia

How To Short Sale In Ball Ground, Georgia

For more information from the #1 short sale agent in Georgia, visit Duffy Realty of Atlanta: Short Sales

Read More

How to Photograph Your For-Sale House

Photograph Your For-Sale House

taking picture

Read More

Short Sale Your Home in Ball Ground Georgia

Short Sale Your Home in Ball Ground Georgia

Short Sale Your Home in Ball Ground Georgia with Short Sale Agent, Rhonda Duffy in Ball Ground Georgia

Warning: Only 2% of real estate agents in the U.S. are certified to handle your short sale, even though many agents attempt it. Rhonda Duffy is the ONLY Elite CDRS certified short sale specialist in Ball Ground Georgia!

Short Sale Agent in Ball Ground Georgia Rhonda Duffy

A short sale in Ball Ground is extremely easy because Ball Ground Georgia is a very desirable area. However, you must have the right agent selection that not only sells homes in Ball Ground, but one who also knows how and what to do with a short sale in Ball Ground as the evaluation and pricing formulas are critical to your final outcome. Only 2% of the agents in the U.S. have certification and information on exactly what these formulas are. Thus, only 25% of the short sale offers proposed to lenders are acceptable to the lender’s ratio. The ratios are guidelined by FHA, VA and conventional standards. Where you are in the process of paying your mortgage, or not, is also critical to the process. We need to evaluate what you have done so far as well because if you have applied for loan modification, you can be thrown out of approval and out of the modification program all together. And, if you are already in a certain period of default, the lender may force foreclosure sooner than you can apply a short sale and finalize a sale with a buyer. Time is of the essence when you get the idea that a short sale might be the answer that you are looking for.

So, let’s get on the same page quickly and get the ball rolling here. The term short sale is used when a seller asks the bank to forgive debt so that the seller can sell the home to a buyer without foreclosure proceedings. Short sales benefit the seller because it causes less long term harm to their credit. Short sales require a specific expertise from an agent to secure the seller’s position. Only 2% of agents in the U.S. are certified with these formulas by the lenders. 75% of the short sales attempted fail due to lack of knowledge by the agents involved, yet buyers are spending thousands of dollars in the process attempting to buy the homes with useless appraisals, inspections and earnest money deposits that fail to yield them interest.

Who is Eligible to sell their home as a Short Sale in Ball Ground?

If you have a hardship like loss of job, medical bills, death in the family, divorce or some other hardship, the lender will consider your debt to income ratio as well as your assets to approve you in a hardship program. When they enter you into the program, they are stating that they will consider wiping away the debt that is owed with no ramifications of a judgement against you. You may or may not be behind in payments when you apply and they will consider doing a short sale for you without a hardship other than the property has lost value.

Different Kinds of Loans

FHA, VA, Conventional and Home Equity loans all have different structures, processes and formulas that are used to sell short. These processes require a certain expertise that when strategically applied can greatly decrease the time and anxiety around this process. This process is similar to chess when summed up simply. You as the homeowner, don’t play a huge part in this process. This is where a real estate agent(s) can make or break a deal.

Many banks and investors are playing a part in this scrambled mess. Bank of America, Wells Fargo, Suntrust, GMAC, and a whole bunch of secondary lenders make up the rules as they go along. They are guided by government and the rules change often. There are several revamps to the law like the HAPA program that protect the standards of how these lenders are to respond and when they are to respond. Unfortunately, there is no real enforcement or education of these laws and guidelines so it is often a rocky road to travel on. We wear hiking boots with double socks to avoid snake bites!

Agent Selection in Ball Ground

Finding an agent to help you is the first step of the process for you. The lenders want to talk to you or your agent. They don’t like third party companies (some states have banned third party companies) and they don’t like attorneys who push and threaten them. But not agents are equal. As a matter of fact, agents historically don’t take the time or money to get the schooling that is needed to comply with these lender’s game plans. Sadly, only 2% of agents are schooled in short sales although many agents attempt to work them. So, as a result of a lack of knowledge, the files (mostly incomplete as reported by the latest study) sit on the asset manager’s desk at the lender for months. Asset managers reported at a recent national seminar that they don’t even have time to call the agent to tell them that the file is incomplete. But the biggest danger to today’s short sale transaction is that the agent does not comply with the ratio that the bank will accept so after months of time and energy by the agents and buyer and seller, everyone is disappointed and exhausted. And shockingly, the last survey showed that 98% of the agents surveyed said that they did not know that there is a ratio.

Marketing of the listing is equally important because nothing happens without an offer. Many agents aren’t equipped to spend a budget to market a home. Internet websites require membership costs to upgrade the listing with more than 4 photos. And, many agents simply don’t understand the price to put on the listing and instead list the property too low and when it is all said and done the bank will not even come close to the price the home was marketed at and the buyer offered. So, more time is wasted and the seller is getting just another day closer to foreclosure.

What is the Ratio?

The good news for buyers is that the average short sale is sold at around 92% of fair market value. That is some great equity for the buyer and should be taken seriously. However, closing costs are not included in these transactions and should not be asked for. Same with repairs. In an FHA transaction, a buyer may as for up to 1% of closing costs and in a conventional transaction, you can sometimes ask for 3% but you have to be paying closer to fair market value to make the deal work.

The Good News

The good news is that homes are selling in Ball Ground and you have a good chance of selling as a short sale with the opportunity of buying another home within 18 months to 2 years, if you choose. You do have to be willing to gather a lot of documents, write a hardship letter and fill out a lot of forms, but ultimately it could serve you much better than a foreclosure.

 

Rhonda Duffy Short Sale Agent in Ball Ground Your Best Choice

Rhonda Duffy, CDRS Elite Short Sale Real Estate Agent

Rhonda Duffy is the documented, #1 Agent in Georgia for resale listings. Rhonda uses every modern tool to market and sell her homes and Rhonda is a certified short sale specialist agent in Ball Ground and the only real estate agent with an Elite CDRS designation and certification in Georgia. She is one of the 2% of agents who know how to calculate a strategy to get a short sell shorted with the lender. Rhonda sells homes in Ball Ground.

DISCLAIMER:

 

The government requires me to tell you that agents are not approved by the government or your lender and that just because you get a buyer does not mean that your deal will be approved by your lender. And, if you stop paying your mortgage, you will damage your credit.

 

Do you want to proceed with a short sale or do you still have questions?
Fill out this form and get started.

 

 

Rhonda Duffy’s Short Sale Listings in Metro Atlanta

 

Buyers Looking For Short Sales in Ball Ground need a short sale agent in Ball Ground

If you are a buyer reading this page, do you want to buy a short sale in Ball Ground? Buying requires a certain formula as you have seen above. Without the formula being used, you will waste a lot of time (average short sale takes 4 months but could be much shorter if a process is used that is acceptable to the lender). Take the frustration out of the transaction. Hire Rhonda Duffy and not only get a short sale expert, but receive 1% of the sales price at closing. Rhonda’s services to you are paid by the lender and cost you nothing.

Want to use us to buy a short sale or still have questions?

Fill out this form and get started.

 

Selling Resources

Tips, Advice and Tutorials

learn more about our sellers resources

Short Sale Buying Resources

Tips, Advice and Tutorials

learn more about our buyers resources

Read More

What is a Short Sale in Georgia?

Metro Atlanta Short Sale Specialist, Rhonda Duffy Can Help You

Metro Atlanta Short Sale Agent Rhonda Duffy

What is a real estate short sale in Metro Atlanta?

A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

What does it take to qualify for a Metro Atlanta short sale?

While lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a metro Atlanta short sale. Metro Atlanta short sale agent

  1. Negative Equity – The proceeds from the sale of the property, after all closing costs
    are paid, are less than the amount currently owed on the property,
  2. Financial Insolvency – Financial insolvency means that the borrower has no other assets that could cover the deficiency (the difference between what is owed on the property and the proceeds from the sale)
  3. Financial hardship – Financial hardships that are acceptable do vary some from lender to lender, but the most common ones are; divorce or legal separation, loss of employment or reduction in income, job transfer or relocation, incarceration, medical emergencies or major medical expenses, death of a family member, vacant rental properties, damaged property, just to name a few.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell.

Is it possible for me to get money back for completing a short sale?

Until recent times, it was almost unheard of for a home owner to get money back in a short sale.  Things have changed for the better.  The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program.  We have seen home owners get as much as $35,000 back to complete a short sale.

Who will pay the Metro Atlanta short sale agents commission?

In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Metro Atlanta short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.

How Can a Metro Atlanta short sale specialist help me?

As a Metro Atlanta short sale specialist, I have helped many home owners who are in a difficult financial season get a fresh start with a short sale.  Short sales are not part of our “basic training” as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced.  Experience is everything when it comes.  I’ll not only market your home in the traditional manor, but will guide you through this transition while simultaneously processing the short sale with your lender.  Visit my website for more information on the short sale process.

Read More

Super Buy in Ball Ground selling as a Short Sale Home For Sale

402 MISTFLOWER CT
Ball Ground, GEORGIA 30107
Price: $200,000

6 Bedrooms, 4 Bathrooms
2293 Square Ft

Listing # 3055773

HURRY SHORT SALE GREAT DEAL SHOULD CLOSE QUICKLY.. THIS IS A SPACIOUS HOME WITH A FINISHED BASEMENT. HARDWOOD FLOORS ON MAIN, SPLIT BEDROOM FLOORPLAN. EAT-IN KITCHEN
Basic Features:
Acres:
Area: 114
City Name: Ball Ground
County Name: CHEROKEE
Neighborhood:
Schools: MACEDONIA Elementary, CREEKVIEW High
State: GEORGIA
Sub Area:
Subdivision: SMITHWICK CROSSING
Type:
Zip: 30107
Bathrooms: 4
Bedrooms: 6
Partial Baths:
Square Ft: 2293
Additional Features:
Amenities: Public Record
Basement: Bath Finished, Daylight, Entrance Inside, Entrance Outside, Finished Rooms, Full
Bathrooms Lower: 1
Bathrooms Main: 2
Bathrooms Upper: 1
Bedrooms Lower: 2
Bedrooms Main: 3
Bedrooms Upper: 1
Commission: 3.00
Construction: Stone, Concrete Siding
Cooling: Ceiling Fan, Central
Description: Single Family Res
Directions: 575 NORTH TO EXIT 19, RT HWY 20 TOWARDS CUMMING, LT HWY 369, LT INTO S/D, RT AT STOP SIGN, RT MISTFLOWER, HOME ON LT
Energy: Clock Thermostat, Double Pane/Thermo, Water Heater-Gas
Equipment: Dishwasher, Microwave Built In, Range/Oven
Exterior: Deck/Patio, Porch
Fireplace Location: In Great/Family Room
Fireplace Type: Gas Starter
Heating: Gas, Forced Air
Home Warranty: No
Interior Description: Cable TV Connections, Cable In Street, Ceilings Trey, Ceilings Vaulted, Ceilings 9 ft Plus, Foyer Entrance, Hardwood Floors, Wall to Wall Carpet, Double Vanity, Garden Tub, Walk-in Closet, Separate Shower
Kitchen Breakfast: Breakfast Area, Pantry

Laundry Type: Room
Lot: 101
Lot Description: .51 Acre, Wooded, Private Backyard
Lot Dimensions: .72
Market Code: A
Fireplaces: 1
Ownership: Short Sale
Parking: Attached, Garage, Side/Rear Entrance, 2 Car, Kitchen Level Entry
Roofing: Composition
Rooms Descriptions: DR-Separate, Family Room, Great Room, In-Law Suite or Apt., Master on Main Level, Split Bedroom Plan
Elementary School Bus Route: Yes
High School Bus Route: Yes
Middle School Bus Route: Yes
Stories: 1.5 Stories
Style: Traditional, Ranch
Taxes: 2275
Tax ID: 03N16B 128
Tax Year: 2010
Water Source: Public Water, Septic Tank
Year Built: 2005
: Single Family

 

Call us at 678-892-1186 to see any listed property, by any agent, 7 days a week.

We offer buyers Selection of Properties to See, Ease of Access to Homes and Pricing Guidance for Offers with a Scientific Process that Guarantees that you Pay Less for a Home.

Rhonda Duffy is a short sale specialist and the only elite CDRS short sale specialist in Georgia. She not only sells short sales in Georgia, she helps buyers buy short sale homes in Georgia.

Contact Rhonda to buy a short sale listing in Ball Ground, Georgia or to sell your short sale home in Ball Ground.

Read More

Horse Farm in Ball Ground Georgia Selling Short Sale – Hurry

450 LIBERTY CHURCH LN
Ball Ground, GEORGIA 30107
Price: $295,000

3 Bedrooms, 2 Bathrooms
1648 Square Ft

Listing # 3052869

HURRY SHORT SALE GREAT DEAL SHOULD CLOSE QUICKLY. FANTASTIC PRIVATE SETTING IN BALL GROUND A SPACIOUS HOME SURROUNDED BY 10 ACRES OF PASTURE WITH HORSE STABLES AND
Basic Features:
Acres:
Area: 114
City Name: Ball Ground
County Name: CHEROKEE
Neighborhood:
Schools: FREE HOME Elementary, CREEKVIEW High
State: GEORGIA
Sub Area:
Subdivision: NONE
Type:
Zip: 30107
Bathrooms: 2
Bedrooms: 3
Partial Baths:
Square Ft: 1648
Additional Features:
Amenities: Public Record
Basement: Bath Finished, Bath Stubbed, Entrance Inside, Entrance Outside, Full
Bathrooms Main: 2
Bedrooms Main: 3
Block: B
Commission: 3.00
Construction: Stone, Concrete Siding
Cooling: Ceiling Fan, Central
Description: Single Family Res
Directions: I-575 NORTH EXIT 27 GA 5 TURN RIGHT.LT-GA 5/CANTON HWY.RT-GA 372.LT-LIBERTY CHURCH LANE.
District: 3
Energy: Clock Thermostat, Double Pane/Thermo, Water Heater-Electric
Equipment: Dishwasher, Microwave Built In, Alarm -Smoke/Fire, Satellite Dish
Exterior: Deck/Patio, Fenced Yard, Garden Area, Out Building, Barn, Stables, Porch
Fireplace Location: In Great/Family Room
Fireplace Type: Gas Starter
Heating: Electric, Forced Air
Home Warranty: No
Interior Description: Cable In Street, Foyer Entrance, Foyer 2 Story, Hardwood Floors, Wall to Wall Carpet, Double Vanity, Garden Tub, Walk-in Closet, Separate Shower
Kitchen Breakfast: Breakfast Area, Pantry
Land Lot: 309

Laundry: Hall
Lot: 38
Lot Description: More than 5 Acres, Level Lot, Wooded, Private Backyard
Lot Dimensions: 10
Market Code: A
Fireplaces: 1
Ownership: Short Sale
Parking: Attached, Automatic Garage Door, Garage, Side/Rear Entrance, 2 Car
Roofing: Other
Rooms Descriptions: DR-Separate, Great Room, Master on Main Level, Split Bedroom Plan
Elementary School Bus Route: Yes
High School Bus Route: Yes
Middle School Bus Route: Yes
Stories: 2 Stories
Style: Traditional
Taxes: 3039
Tax ID: 03N14 038 B
Tax Year: 2010
Water Source: Public Water, Septic Tank
Year Built: 1999
: Single Family

 

Click on the picture to see the details of the listing. Call us at 678-892-1186 to see any listed property, 7 days a week.

Rhonda Duffy is a short sale specialist and the only elite CDRS short sale specialist in Georgia. She not only sells short sales in Georgia, she helps buyers buy short sale homes in Georgia.

Contact Rhonda to buy a short sale listing in Ball Ground, Georgia or to sell your short sale home in Ball Ground.

Read More