Finding Foreclosure Deals

January 27, 2009

Once upon a time real estate investing in the Atlanta area was an opportunity only for the most wealthy and well connected.  Finding foreclosure deals was mostly available to those who played golf or socialized with the bankers who controlled the foreclosed homes.

Sign Of The Times - Foreclosure
Image by respres via Flickr

In recent years, however, the real estate investment scene has changed not only in Atlanta, but in most areas of the nation. Furthermore now that we are presented with such an abundance of foreclosure deals being a real estate investor, even a start up real estate investor, is a whole new game.

It does not matter if you are a beginner at real estate investing or a seasoned professional. Finding foreclosure deals is much more easily accomplished than just a few years ago. Find a real estate agent who specializes in foreclosure deals, someone like Kathy Drewien, and she will guide even the newest real estate investor in the right direction.

You see it simply is not enough to purchase a list of available foreclosed properties, but it is also highly important that the provider of the list understands the difference between a foreclosure and a foreclosure deal.

By the way, did you know that the list you buy from the big dot com companies is the same list of Atlanta foreclosure properties you can get from Kathy Drewien? It is, and you can bank on that.

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Posted by Ken Cook | Filed Under Real Estate Investing | Leave a Comment 

Lawmakers Introduce Real Estate Solutions

January 26, 2009

Lawmakers have been working quickly to create solutions to our struggling real estate market. Many of these new measures lawmakers hope to get in front of the new President as soon as possible. Below are just a few of the new measures that will soon be presented to Obama for his approval signature.

Week Five: President Barack Obama
Image by ChicagoGeek via Flickr


  • Toxic Asset Relief Program (TARP) needs approval to use the balance of the $700 billion dollar program that will be working towards foreclosure relief, solid loan modification guidelines to ease the process for homeowners as well as continuing the efforts of “Hope for Homeowners.”
  • The American Recovery and Reinvestment Act of 2009, if put into work will allow for 3 million to 4 million jobs as well as up to $275 billion worth of tax cuts and approximately $550 billion to put towards unemployment benefits, and investments in science and technology.
  • HR 230 promotes Fannie and Freddie to provide fixed rate mortgages of 4% or less in efforts to provide more affordable mortgages.
  • HR 600 will once again allow down payment assistance programs to be seller funded when using FHA backed loans.
  • HR 514 in essence new rules for lenders to follow and live by, in efforts to regulate the industry many feel played a huge part in the distress we are seeing today in the real estate market.

h/t Peter Toner San Diego

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Posted by Kathy Drewien | Filed Under Market Reports | Leave a Comment 

Ever Been Criticized?

January 22, 2009

A cappucino in a ceramic coffee cup
Image via Wikipedia

Go get a fresh cup of coffee, I’ll wait. Now, kick back, put your feet up and dream…

“I am looking for a lot of men who have an infinite capacity to not know what can’t be done.”
~ Henry Ford


If you’ve ever had a dream – you’ve also had critics. It seems they show up right on cue every time that special new dream begins to form. Critics come in the form of family members, employers, friends, and associates.

Interestingly, the only opinion worth listening to is your own. The opinions of others simply reflect their own limitations – and have nothing to do with the achievement of your dreams. Just imagine how shallow the world would be today if the following individuals had listened to their critics:

Arnold Schwarzenegger’s family said, “How long will you go on training all day in a gymnasium and living in a dream world?”

Mary Kay Ash’s attorney advised two weeks before her first store opening, “Liquidate the business right now and recoup whatever cash you can. If you don’t, you’ll end up penniless.”

His teachers to Ray Charles: “You can’t play the piano, and God knows you can’t sing. You’d better learn how to weave chairs so you can support yourself.”

What Diana Ross heard her teacher say when auditioning for a high school play: “You have a nice voice, but it’s nothing special.”

Have a dream? Live it, pursue it, and achieve it – with a passion!

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Posted by Kathy Drewien | Filed Under Neighborhoods | Leave a Comment 

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