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Short Sales: The Growing Trend

Short sales currently make up over 9% of all real estate transactions nation wide and continue to grow. With this popularity we have noticed more people asking us if a short sale is right for them when they have to move. The first step is to understand a what a short sale is and how it can be used as a tool in selling property.

A short sale is a sale of real estate where the proceeds from the sale of a property will fail to satisfy the debt owed on the property's loan. It often occurs when the borrower cannot sell their home for more than what is owed, but the lender decides that selling the property at a loss is a better decision than initiating the foreclosure process. The short sale was previously reserved for people who fell delinquent on their mortgage, but now has become a more sophisticated tool for homeowners needing to remove themselves from a property.

Three Major Spring Garden Sales at UGA April 9

Three Major Spring Garden Sales at UGA April 9
Great news for gardeners; Plantapalooza takes place in Athens Saturday, April 9. This year the State Botanical Garden of Georgia, the Trial Gardens at UGA and the UGA Horticulture Club are holding their plant sales on the same day. This is a great opportunity for people throughout the region to come to Athens to speak with experts, get assistance in choosing plants, visit two gardens, and purchase plants from three large, unique plant sales.

Loan Modification Could be Good, but Short Sale is Better says 1 Expert

Atlanta, GA--  As more and more Atlanta homeowners find themselves in financial distress and are forced to make tough decisions regarding their homes and specifically their dropping values and ballooning mortgage payments, we turned to a housing expert to help us navigate this complex situation.

Marian Anthony is a real estate finance expert and author of Short Sale RUSH- A How To Guide for Nonperforming Assets.  According to Marian, a Short Sale is more advantageous than a Loan Modification or a Foreclosure because "the reduced payoff in a short sale releases you from the debt obligation." He states that a foreclosure will ruin the homeowner's credit, and "a loan modification actually builds a debt trap around the borrower, milking them for every last nickel."

With so much information and marketing dollars being spent on homeowners getting into Loan Modification programs which may keep you bogged in debt for years, take Marian's su