Archive for September, 2011

Mortgage Rates Remain at 60 Year Lows

Tuesday, September 20th, 2011

I still can remember buying my first home in 1991.   I had fantastic credit and put 10% down.  My reward?   A great 9.125% interest rate.  That’s right and I was happy to get it.  Interest rates had just dropped into the single digits.  Conventional wisdom said we’d never see 6% or below mortgage rates again.  […]

Foreclosures Drop, What Now ?

Monday, September 12th, 2011

According to a new report by Equity Depot foreclosures notices in September dropped again versus year-over-year numbers.  Great news, right ?  Well, not exactly.  Most experts feel the reason foreclosures are declining are problems with the banks’ paperwork and they are slowing the foreclosure process.  In judicial foreclosure states banks aren’t foreclosing until the borrower […]

Feds OK Fort McPherson Plan

Thursday, September 8th, 2011

The United States Department of Housing and Urban Development has given final approval to the master plan for redeveloping Fort McPherson.  As you probably already know the military is closing Fort McPherson and turning it over to civilian control. The city and developers have put together a plan that includes 153 acres of green space […]

Kitchen Upgrades that Pay Off

Thursday, September 8th, 2011

Thinking about a kitchen makeover or a home improvement project?  It’s always wise to look at what projects have good pay back and which don’t.  Consumer Reports has researched kitchen upgrades and found five upgrades that can really make a difference without breaking your piggy bank.  You can get all the details by clicking here.

$5,000 Down Payment Assistance for Veterans

Monday, September 5th, 2011

A new program is offering financial assistance to first-time home buyers who are veterans or active-duty military members. The Pentagon Federal Credit Union Foundation, a nonprofit national organization, is offering the assistance to first time home buyers. Active duty personnel, veterans, retired members of the military, and employees of the U.S. Department of Defense and […]

Rental Scams Hitting Atlanta

Friday, September 2nd, 2011

There’s a great article in the AJC this week about Craigslist renter scams.  Basically it works like this.  Someone outside the U.S. copies a legitimate rental ad.    They change  a few details such as the contact info and they reduce the stated rent dramatically.  Then they come up with a sob story about being […]