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Lawrenceville, GA Real Estate News

By Erelopro Out of Business, Relocation Professionals are out of business
(erelopro)
It's definitely starting to be the time when buying Real Estate Leads in the Lawrenceville area is the correct thing to do. We have seen a large increase in people moving to the area, which will only increase through the spring and into summer months. We are witnessing a huge increase in the amount of prospective home buyers that have contacted us just in the last few months. These people are contacting us requesting information on relocating to the area, or want more information in a possible home purchase. We do need a Realtor to assist these prospective home buyers. Most of these families and individuals are out-of-state buyers, and do need help! Kindly call us at (800) 900-2807 to learn how we can bring you 10 - 25 potential home buyers every month for the Lawrenceville, Georgia ar...
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By Joshua Jarvis, Moving Families Forward.
(Virtual Properties - Atlanta Real Estate)
The Atlanta Braves have signed a multi-million dollar deal for naming rights to the Gwinnett Braves ballpark in Lawrenceville.The 16-year deal with Coolray Heating and Cooling will ultimately mean the county will get about a $4.5-million share over the life of the contract, county officials said. The deal also settles a more than year-long effort to sell the naming rights to the $64-million, publicly-financed structure.Terms of the deal were not disclosed, but Gwinnett County's contract with the Braves calls for the club to receive the first $350,000 annually paid in naming rights, the county to receive the next $350,000 and anything over that to be divided evenly.With the county's share calculated at about $281,000 a year, that puts the deal in the neighborhood of $10 million. "It's pr...
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Rivershyre subdivision is located off of Ga. 20, Buford Drive, in Lawrenceville, between Braselton Highway and Russell Road.  The subdivision has an inviting entrance of stone with white fencing that lines a long and winding drive into the secluded subdivision.   Rivershyre was developed in the late 1980's and most of the homes were built in the early to mid 1990's.   Construction quality and functionality is above average for the area and the development offers new homeowners a departure from some of the more "cookie cutter" subdivisions of its era and price range that is so common in the county.   Rivershyre is still a part of the Collins Hill School Cluster, one of the most desired in the Gwinnett County Public school system. Some of the features that many of the homes in Rivershyre ...
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Oakmont was developed by Bowen Family Homes in the early part of this decade, with first homes sold around 2001.   There are 67 homesites in the community so it definitely enjoys a more "close knit" neighborhood ambiance, over most of today's newer developments exceeding 100 home sites in Gwinnett County. Oakmont is located north of Atlanta, with easiest access via 85 North, exit onto 316, take a left onto Buford Drive (Ga. Highway 20), travel about a mile or so and take a right onto Braselton Highway (Ga. Highway 124).   Continue on 124 and take a right on Prospect Church Road, then another right into the subdivision on Oak Ivy Lane, just past Hannah Road.   Oakmont is tucked away but convenient to area shopping, medical facilities, schools and restaurants.  Call it off the beaten path...
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By Tom Anderson
(The Anderson Group, Keller Williams)
Another perfect listing brought to by The Anderson Group: 859 Kirsten Jane Court is in the beautiful neighborhood, Estates at Great Oaks. The Home is located in Lawrenceville, GA. and is very close to The Avenues of Lawrenceville, a perfect place for shopping and dining. 859 Kirsten Jane Court is a 4 bedroom & 2 bath impeccable traditional on a cul-de-sac lot. The home has Chef's kitchen, custom cabinets, great room, formal living and dining rooms. The upstairs offers beautiful master suite with sitting area and luxurious master bath plus 3 additional bedrooms. For more information on this great deal please contact Tom Anderson at 404-277-9581 or email at tom@tagatlanta.com.
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By Stephanie McCarty, REALTOR
(McCarty Homes)
Metro Atlanta enjoys a resurgence of recent development of our small town squares, including Marietta, Decatur, Roswell, Lawrenceville, Duluth (old town, not really a square), Suwanee (again, not really a square but the center of town). Lawrenceville, GA has been particularly successful in recent years in attracting a variety of shops, restaurants and entertanment venues.   Lawrenceville is just north of Atlanta, conveniently located close to Hwy 316 and I-85.   Nearby attractions include Lake Lanier and the Mall of Georgia shops and restaurants. Visit one of the touristry websites at www.visitlawrenceville.com for a detailed look at the history, entertainment, area restaurants and more. You can even buy a cool new loft condo at Cornerstone on the Square, a new development of townhomes,...
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By Lane Bailey, Realtor & Car Guy
(Century 21 Results Realty)
    Lawrenceville is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 22,937 people in Lawrenceville, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County (2008 estimates from the Census Bureau peg population around 29,000). It was incorporated in 1821.  Lawrenceville is home to Central Gwinnett High School, and also has students that the Mountain View and Archer clusters. It is also home to Gwinnett Technical College and Georgia Gwinnett College. Another recent addition to Lawrenceville is that it is home to the Gwinnett Braves, playing at the Gwinnett Stadium on GA20 between I-85 and GA316.  Possibly the most famous resident of Lawrenceville was Oliver Hardy. As a small boy he lived in ...
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Thinking of buying a home. Don't think, just do it! It is the best time to buy a home. You have the best inventory of " your time", and the best of it is, you can do it!!!!! And let me re-phrase that, "YOUR TIME" Right now! There are so many houses out there waiting to become your home. You decide the "what" and the "how". What you want, and how much you want to spend. The market is blooming just for you "The Buyer". The next step is easy, just call your friendly neighborhood Real Estate Professional and let it all begin. If you are pre-qualified then you have a head start. You already know what you want and where you want to buy. However, if you are not pre-qualified, do not despair, that is something that your Real Estate Professional can help you with. Please do not miss this new mar...
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By Jamie Parker Gwinnett, Realtor, Snellville Homes
(Exp Realty)
LinksMy SiteTwitterPhoto GalleryGreat Lot at a Great PriceVaulted CeilingsLarge MasterDual Decks in the RearNice back yardDescriptionThis is a potential short sale that is in very good condition. It is move in ready and sits on a cul-de-sac lot. It features 3 bedrooms and 2 baths with an additional office area in the basement that leads out onto a lower deck. The house features a large master that overlooks that wooded back yard as well as a master bath with dual sinks, garden tub and separate shower/bath. The kitchen is large and overlooks both the dining and family room areas. The family room features vaulted ceilings and palladium windows. The front of the home has a quaint country porch and the back of the home has dual party decks (one upper and one lower). The backyard is flat and...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
iNFORMATION PROVIEDED BY By Jeff Lischer Initially announced on May 14, 2009 , with guidance and standard forms issued on November 30, 2009, the program will help owners (referred to below as borrowers) who are unable to retain their home under the Home Affordable Modification Program (HAMP). A borrower (the current owner) may be able to avoid a foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL) under HAFA. The guidance and forms released on November 30 do not apply to loans owned or guaranteed by Fannie Mae or Freddie Mac. Those enterprises will issue their own HAFA guidance and forms. What is HAFA?  Who is eligible for HAFA?The borrower must meet the basic eligibility criteria for HAMP: · Principal residence. · First lien originated before 2009. · Mortgage ...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
Walk Away - is it the right thing to do and when is it ok? With so many homeowners upside in with home values is it "ok" to walk away from a home? Is it legal and what about the ethical? When saving you family out weights saving your home it may be time to sit down and find out the legal impact to just walking away.
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
Where is the housing market? With more and more loans resetting and unemployement on the rise were will be at the end of 2010. So much of what is to come is unseen- this CBS report lends light on what to expect. Watch CBS News Videos Online
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
HAFA - WHAT DOES IT MEAN AND WHY DO i CARE ? Home Affordable Foreclosure Alternatives Program (HAFA) HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. HAFA is part of the Home Affordable Modification Program (HAMP), providing incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. These guidelines go into effect April 2010!  
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
MBA - mortgage applications down The Mortgage Bankers Association (MBA) said rates on 30-year fixed-rate mortgages, the most widely used loan, fell below 5 percent for the first time since the week ended Dec. 18, but U.S. mortgage applications dipped last week.  The MBA's Weekly Mortgage Applications Survey for the week ending February 5 decreased 1.2 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 0.6 percent compared with the previous week.  The Refinance Index increased 1.4 percent from the previous week and the seasonally adjusted Purchase Index decreased 7.0 percent from one week earlier.  The unadjusted Purchase Index decreased 1.1 percent compared with the previous week and was 7.5 percent lower than the same week one yea...
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By Joshua Jarvis, Moving Families Forward.
(Virtual Properties - Atlanta Real Estate)
We've been so busy with short sales and stopping foreclosure we forgot to share our successes in November, December and January 2010! Here's the homes, and the banks that we closed in just these three months! For those out there working with short sales, just keep your head up, you have to wait it out a few months and your "pipeline" is longer but the reward is great.  You get to help homeowners avoid foreclosure and you get to feed your family.  Not a bad way to do real estate. Short Sale Homes Closed by the Jarvis Team from Nov 2009 to January 2010.   3180 Hartness Way, Kennesaw, GA - Lullwater - Bank was Citi & Wells Fargo (2nd) - Short sale took us about 3 months and we were thankful enough to have multiple offers.  Eventually it closed around $160K.  1562 Country Wood Trail, Hoscht...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
Home prices in January increased 2.3%, marking the first year-over-year increase in more than three years, according to the Home Data Index (HDI) from Clear Capital, the real estate data provider. In all, prices gained 1.8% on the rolling-quarterly scale into January.  All regions but the Northeast, which posted a 1% drop, saw increases over the previous three months. Prices in the Midwest increased 5%. The South had a 1.5% rise in prices, and the West had a 1.3% increase.  Alex Villacorta, senior statistician at Clear Capital, said that the year-over-year price gain is good to see despite near record high real-estate owned (REO) saturation rates. That rate declined 0.7 percentage points to 24.8% in January, but, according to the report, regions with the highest level of REO have had st...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
Home loans delinquencies at 10% According to Lender Processing Services, home-loan delinquency rates in the US reached 10% in December, up from the record-high 9.97% in November.  Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%, according to the data in the LPS database. When extrapolated for the entire mortgage industry, 7.2 million mortgage loans are behind on their payments. Earlier in January, Fitch Ratings reported the delinquency rate among prime jumbo residential mortgage-backed securities (RMBS) almost tripled to 9.2% in December 2009.  For the amount of loans current at the end of 2008, 4.64% fell into serious delinquency. That means that of the loans current as of Dec. 31, 2008, 2.3 million fell into serious delinquency by December 2009....
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040. "People like me are beginning to feel like suckers," Mr. Koellmann said. "Why not let it go in default and rent a better place for less?" After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama administration's loan modification plan raised the expectations of many but satisfied only a few, a large group of distressed homeowners is wondering the same thing. New research suggests that when a home's value falls below 75 percent of the amount owed on the mortgage, the owner starts to think hard about walking away, eve...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
 Yesterday the Treasury Department announced new guidelines that will require applicants to provide all paperwork before getting a trial modification.  The new policy should make it easier for homeowners to qualify for permanent assistance under President's Obama foreclosure prevention plan, even though it makes it harder for them to start the process.  Borrowers have been complaining that their loan servicers constantly ask for additional documents and lose their forms. Servicers, meanwhile, say that borrowers are not handing in all that's needed.  The new rules, which start June 1, will shift the paperwork burden from the back end to the front end of the process.  Distressed borrowers will have to fill out a three-page request form that asks them to explain their hardship and list the...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
     The real estate market in 2010 has more promise than in the past few years. With house prices in some areas beginning to stabilize and historically low interest rates, the real estate market is perfect for buyers with good credit.The Tax Credit is a Positive IncentiveWith the $8,000 tax-credit incentive extended through April 2010, first time homebuyers are continuing to buy homes that they might not have bought without the incentive. Home purchases for first time homebuyers are expected to continue to rise until the tax-credit incentive ends. Qualified Buyers Come Out AheadAlthough lenders are keeping the debacle of the sub-prime mortgage crisis in consideration as they accept new loan applications, those who have verifiable income as well as a high credit score are prime candida...
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