Keller Williams Realty Atlanta: Search Atlanta Homes For Sale

KW Atlanta Real Estate Legal Tip: Choosing A Settlement Agent When Buying A Fannie Mae Property

Aaron — Sat, 06 Mar 2010 17:56:42 +0000

Keller Williams Realty Atlanta – Peachtree Road

Real Estate Legal Tip

Presented By:

Now Buyer Can Choose Settlement Agent When Buying a Fannie Mae Property

On October 12, 2009, California passed the Buyer’s Choice Act (Assembly Bill 957), which says that any agency (usually a bank) selling a foreclosed property must let the buyer choose the closing services. The California bill requires the REO seller to provide a disclosure notice to the buyers informing them of their right to choose their own closing attorney or title company and lender.

Based on this new California law, the Federal National Mortgage Association (Fannie Mae) has changed the wording in their “Real Estate Purchase Addendum” to read:

“The closing shall be held at a place so designated and approved by the Purchaser. The Purchaser has the right to make an independent selection of their own attorney, settlement company, escrow company, title company and/or title insurance company in connection with closing.”

Advice to realtors, buyers, and lenders:

If you want to choose your own closing attorney, remember to fill in your choice on the GAR contract and also where indicated as “Purchaser’s Attorney” on the FNMA addendum.

The buyer’s attorney will still coordinate the transaction, title clearance, and delivery of deeds and funds with an attorney representing FNMA. This process should not result in any additional expense to the buyer, and hopefully will provide many buyers and agents with the comfort and convenience of doing business with their own choice of attorney.

Presented by Leigh Clack, Attorney

Neel & Robinson Attorneys at Law, LLC

lenox@neelandrobinson.com

22 Lenox Pointe, Atlanta, GA 30324

404-705-3690 fax 404-705-3697

More Atlanta Real Estate Legal Tips:

KW Atlanta Legal Tip: Georgia 2010 Filing Deadlines Coming Soon!

Due Diligence When Buying a Condo, Townhome or In a Planned Community

Try To Avoid Credits & Allowances!

Special Issues with Buying/Selling Condominiums

First-Time Home Buyer’s Tax Credit – Don’t Wait Till The Last Minute!

Buying Property From The Bank: Tips For Buyers

Waiting Periods Required Under New Truth in Lending Law

Termite Letters – Still a Good Idea

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

Keller Williams Realty Atlanta Deal of The Week: Price Reduction on Ashwoody Trail

Aaron — Sat, 06 Mar 2010 16:51:04 +0000

Keller Williams Realty Atlanta – Peachtree Road

Deal of the Week

NEW PRICE $265,000 $245,000 !!!

4133 Ashwoody Trail

Estate Owned – Vacant on LB

4 bedrooms & 2 baths

.59 Acres

Sought After Oak Forest Hills

Near Murphy Candler Park

Bring Your Investors, Builders & Renovators

SELLER SAYS “BRING AN OFFER”

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

Keller Williams Realty Atlanta-Peachtree Road March Agent Training Calendar

Aaron — Thu, 04 Mar 2010 17:29:28 +0000

Keller Williams Realty Atlanta – Peachtree Road

Realtor Training Calendar From March 2010
(CLICK IMAGE TO ENLARGE)

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

Amazing Brookhaven Renovation & Addition – Will Not Last Long!

Aaron — Thu, 04 Mar 2010 17:07:36 +0000

Keller Williams Realty Atlanta – Peachtree Road

Amazing Brookhaven Renovation & Addition – Will Not Last Long @ $365,000!

We’ll also be on caravan next Tuesday, March 9^th from 11-2. Come see us!

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

Just Reduced in Buckhead – Keller Williams Realty Atlanta Deal of The Week

Aaron — Fri, 26 Feb 2010 19:35:42 +0000

Keller Williams Realty Atlanta Deal of The Week

Just Reduced $20,000 in Buckhead!

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

New Listing in Woodland Hills – Keller Williams Realty Atlanta – Peachtree Road

Aaron — Fri, 26 Feb 2010 19:02:04 +0000

Keller Williams Realty Atlanta – Peachtree Road

New Listing in Woodland Hills

New Listing in Woodland Hills

View more presentations from Keller Williams Realty.

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

KW Atlanta Deal of the Week: Back on the Market! Price Reduction in East Atlanta

Aaron — Fri, 26 Feb 2010 18:35:39 +0000

Keller Williams Realty Atlanta Deal of the Week:

Back on the Market! Price Reduction in East Atlanta

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

760 Ponce De Leon Terrace Back on the Market – KW Atlanta Homes Update

Aaron — Fri, 26 Feb 2010 18:01:24 +0000

Keller Williams Realty Atlanta Homes Update

This precious gem is BACK ON MARKET!! Investor financing fell through!!

Keller Williams Realty Voted ‘”Highest Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!” By J.D. Power & Associates

SEARCH FOR ATLANTA HOMES NOW

KW Atlanta Legal Tip: Georgia 2010 Filing Deadlines Coming Soon!

Aaron — Mon, 22 Feb 2010 23:12:58 +0000

KW Atlanta Peachtree Road Office Real Estate Legal Tip:

Georgia 2010 Filing Deadlines Coming Soon!

DeKalb County:

Homestead Exemption: March 1, 2010

http://web.co.dekalb.ga.us/taxcommissioner/index.asp?pg=homestead

Property Tax Return: March 1, 2010

http://web.co.dekalb.ga.us/PropertyAppraisal/forms.html#;

Gwinnett County:

Homestead Exemption: March 1, 2010

http://gwinnetttaxcommissioner.manatron.com/Tabs/Property/HomesteadExemption.aspx

Property Tax Return: March 1, 2010

http://www.gwinnettcounty.com/cgi-bin/gwincty/egov/ep/gcbrowse.do?channelId=-61080&pageTypeId=536880236

Fayette County:

Homestead Exemption: Prior to April 1, 2010

(must file in person at the tax commissioner’s office)

Property Tax Return: April 1, 2010

http://www.fayettecountytaxcomm.com/subpages/taxpayers_Return.asp

Other Counties: On or before April 1, 2010

Note: If a property is also located within a city with separate taxes, each city has its own deadlines and requirements, especially for senior exemptions, low income, or disability exemptions. Some of the city deadlines are as early as February 26, 2010 (the Friday before Monday, March 1, 2010).

Don’t wait until the last minute!

Presented by Leigh Clack, Attorney

Neel & Robinson Attorneys at Law, LLC

lenox@neelandrobinson.com

22 Lenox Pointe, Atlanta, GA 30324

404-705-3690 fax 404-404-705-3697

More Real Estate Legal Tips From Neel & Robinson:

New HAFA program for Short Sales

Due Diligence When Buying a Condo, Townhome or In a Planned Community

Try To Avoid Credits & Allowances!

Special Issues with Buying/Selling Condominiums

First-Time Home Buyer’s Tax Credit – Don’t Wait Till The Last Minute!