Bank of America streamlining short-sales to 20 days

Bank of America streamlining short-sale procedures

Bank of America says it’s making changes to its short-sale procedures that will shorten decision times on short sale offers to 20 days, down from 45 days or longer.

CARAVANS/OPEN HOUSES/NEW LISTINGS FOR THE WEEK OF APRIL 7, 2012

CARAVANS/OPEN HOUSES/NEW LISTINGS FOR THE WK OF APRIL 7, 2012
AGENT CARAVANS
AREA 13 and 113
When: Tuesday, April 10, 2012
Where: 520 Newburgh Way Foxhall, Roswell $448,900
Agent: Peggy Kiza, 404.317.1024, peggykiza@gmail.com

PalmerHouse Named in Top 25 ATL RE Firms

To: All PalmerHouse
Great News: PalmerHouse was just named in the Top 25 ATL Real Estate firms in this week’s Atlanta Business Chronicle.
This is a first for PHP and quite a distinction. We were named #23!

Thanks to each of you and our many hard working agents. The PDF’s for the front page and the actual list page are below on the right.

ABC Front Page, Top 25……………ABC Top 25 RE Firms……..

Atlanta Region’s Home Prices Decline

Foreclosures and short sales push values down to a 14-year low.

By Misty Williams mwilliams@ajc.com  
Metro Atlanta home prices continued to lose ground in December, hitting a 14-year low as the languishing U.S. housing market ended 2011 on a sour note, new data shows.
Home prices fell for the fifth month in a row, slipping 1.8 percent in December, with thousands of foreclosures and short sales pummeling the local market. The decline followed a 2.5 percent drop in November and 5 percent decrease in October, according to the latest Standard & Poor’s Case-Shiller Home Price Indices released Tuesday.

FHA Increases MIP (Mort. Ins. Premium) Again

FHA Increases MIP April 1st!
If you’re considering purchasing a home using an FHA loan, you’d better act quickly to avoid higher fees. FHA case numbers assigned on or after April 1st, 2012 will see two MIP increases.

Buyers/Sellers Must Sign “Approval” on Referrals

To: All PalmerHouse:

License Law Amended on Referral Notifications….
The 2011 Georgia General Assembly passed legislation to amend Georgia’s Real Estate License Law regarding the disclosure of referrals and other fees. The law was amended to remove the requirement that an estimate of the referral fee had to be given. This change was made in consideration of the difficulty of making an accurate estimate before a transaction has been completed.

Five Tax Deductions Agents Often Forget

Commonly Missed Tax Deductions for Real Estate Agents

Now is the time of year when we all want to find ways to keep as much money in our pockets as possible come April 15th. For Real Estate Agents, tax time comes with many of opportunities to save, but only if you know which deductions to take. With that in mind, here are some commonly missed tax deductions every agent should look for when they file this year: