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Want To Buy 500 Homes Today?

The Mountain Life Team It appears for the second time that the nation's second largest bank by assets Bank of America, is currently putting up for bid a bulk deal for 500 vacant Foreclosed Homes. The bulk deal would include Bank Owned Homes in California, Florida, Arizona, Texas, Pennsylvania and of course Georgia. The bulk sale comes at a time that institutional investors, including private equity firms and hedge funds, are raising money to invest in a bulk offering of 2,500 renter-occupied foreclosed properties being... Continue Reading >

Foreclosure For Sale – 318 Wilmot Fabus Mountain Blairsville, GA. 30512

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Home Prices Off 18.3 Percent From April 2007 Peak Across The Nation

The Mountain Life Team The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October. The Federal Home Finance Agency's Home Price Index shows home values down 0.2% on a monthly, seasonally-adjusted basis. October marks just the second time since April that home values fell month-over-month. The Case-Shiller Index 20-City Composite showed values down 0.7 percent from September to October. As a home buyer in Blue Ridge or Ellijay Georgia, it's easy to look at these numbers and think housing markets are... Continue Reading >

No Change To The Conforming Loan Limits For 2012

The Mountain Life Team A conforming mortgage is one that, literally, conforms to the mortgage guidelines as set forth by Fannie Mae and Freddie Mac. Conforming mortgage guidelines are Fannie's and Freddie's eligibility standards; an underwriter's series of check-boxes to determine whether a given loan should be approved. Among the many traits of a conforming mortgage is "loan size". Each year, the government re-assesses its maximum allowable loan size based on "typical" housing costs nationwide. Loans that fall at, or below, this amount meet conforming mortgage guidelines. Loans... Continue Reading >

Government Releases Additional HARP Guidance For Underwater Homeowners

The Mountain Life Team Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program, kick-starting a potential refinance frenzy across Georgia and nationwide. HARP stands for Home Affordable Refinance Program. The updated program is meant to give "underwater homeowners" an opportunity to refinance at today's low mortgage rates. In the two-plus years since its launch, HARP's first iteration helped fewer than 900,000 homeowners. HARP II, by contrast, is expected to reach millions. Lenders begin taking HARP II loan applications December 1, 2011. To... Continue Reading >