Sunday, September 23, 2012

RE/MAX Georgia Top Agents

Jerri Stracener
 #20 in RE/MAX Georgia Top 25 Individuals
Year to Date - July 2012

Saturday, September 22, 2012

Cooper the Reggae Dog

Musician Joe Maniscalco visited our friend (and RE/MAX broker), Faye Kemp this week.  We were invited for dinner and "Joe Jam" and had a great time.   The music was wonderful and we especially enjoyed hearing and watching Joe play the steel drum... fascinating!  We all had an unexpected surprise when Faye's dog, Cooper, decided to dance!  Hilarious!

Sunday, September 16, 2012

Bank of America offers relocation assistance for short sales

Bank of America is offering relocation assistance to sellers who successfully complete a short sale.  Bank of America will set a pre-approved short sale price prior to submitting an sales contract.  That should eliminate the risk of losing a buyer when the lender takes too long to get approval.  Call JERRI STRACENER WITH RE/MAXASSOCIATES ATHENS for help in getting this application submitted.

9/16/12 Bank of America Corporation | Newsroom | Press ReleaseBank of America Increases Relocation Assi...

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Press Release
Bank of America Increases Relocation Assistance Payments to Customers Completing Preapproved Price Short Sales
Short Sales Provide Alternative to Foreclosure for Delinquent Borrowers Who Have Exhausted or Declined Home Retention Solutions
CALABASAS, Calif. – Adding to its foreclosure prevention initiatives, Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – between $2,500 and $30,000 -‐‑ at the completion of a qualifying short sale.
“Bank of America is committed to providing alternatives to foreclosure whenever possible,” said Bob Hora, home transition services executive for Bank of America. “This program can help customers make a planned transition from ownership when home retention options have been exhausted or they have made a decision not to keep the home.”
The short sale relocation assistance program builds on the bank’s already robust short sale initiatives, which led to 200,000 completed short sales in the last two years and another 30,000 in the first quarter of 2012. This program is based on a similar incentive offer that Bank of America tested in Florida last year.
To qualify for the enhanced relocation assistance payments under the new program, the seller must work proactively with the bank to obtain a preapproved sales price prior to submitting a purchase offer to the bank. A short sale must be initiated by the end of this year and close by September 26, 2013, to be eligible for the payment. Qualifying short sales that have already been started but have not closed may be eligible for the relocation assistance.
The amount of assistance provided under the new program will be determined on a case-by-case basis using a calculation that includes the value of the home, amount owed and other considerations.
Initially, the program will be offered on mortgages that are owned and serviced by Bank of America.
While available nationally, Bank of America anticipates greatest response to the program will come from borrowers in California, Nevada, Arizona, Florida and other states hardest hit by the economic downturn and falling property values.
Customers who believe they may be eligible for Bank of America’s short sale relocation assistance program may contact program specialists at 877.459.2852.
To help homeowners understand the short sale process and other foreclosure avoidance programs, Bank of America encourages them to visit the Home Transition Services website at
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

For more Bank of America news, visit the Bank of America newsroom.

Sunday, July 25, 2010

Another pre-approved short sale listing

220 Jeremy Drive
Colbert, GA 

1.53 acre lot plus many upgrades!

large kitchen with lots of storage, black appliances
family room with rock fireplace
This home has been pre-approved for short sale at a price of $107,000.  Currently, a price of $103,000 may be accepted as adjustments are allowed during 2nd and 3rd month of marketing.  The home is on 1.53 acres and sold in 2008 for $134,000.  The accessed value with the tax commissioners office is $139,000.

Our current short sale listings

Pre-approved short sales
401 Gladiola Drive
Auburn, GA 30033

4 bedrooms, game room and office!
Kitchen w/tile floor and plenty of cabinets
Great room w/ hardwood floors

This list price of this home is pre-approved through the pre-foreclosure short sale program offered on FHA loans.  The lender has set the price at $108,000, but we are currently in the time frame to accept an offer of $102,000!  This is an unbelievable deal... the only catch? -- they will only pay 1% of the amount financed if buyer obtains FHA financing.  Not bad, especially if you consider that you can get a loan for $105,000 and have the additional $3,000 go toward your closing costs! 

The home has 4 bedrooms, 3 baths, office, game room and great room, formal dining room, large kitchen, and breakfast room.  The current owner paid $163,300 for this home in 2007.   The current owner finished the game room, office, additional bedroom and bathroom downstairs.  Pergo and tile floors were added in the great room, formal dining room, kitchen and breakfast area.