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Challenges to be aware of in today's lending environment

There seems to be a fear out there that banks are not lending money.  This is absolutely not true.  If you do decide to either purchase or refinance a home there are some items that are helpful to know prior to beginning this process.  This article is intended to educate you about some of these complexities.  There are always issues that could arise but having knowledge of the following items could allow you to alleviate some of the potential issues or at least educate you about what could happen. 

SOURCING FUNDS
This issue would only be applicable if you are purchasing a home or putting money down for a refinance.  Depending on the type of loan you are applying for the lender can ask for up to 60 days worth of account statements from the account you will use for funds at closing.  They now require borrowers to show proof of any type of non sourced deposits to the account being used for down payment.  They will not q

City of Atlanta offers down payment assistance

City of Atlanta offers down payment assistance

ATLANTA -- Anyone who wants to own a home in Atlanta could get as much as $50,000 to go towards a down payment.

Individuals must be making less than $71,000, and couples must make less than $82,000.

There are several other requirements for eligibility. For information, go to the Atlanta Development Authority.

Learn how to receive up to $50k in down-payment assistance for buying an Atlanta home

Learn how to receive up to $50k in down-payment assistance for buying an Atlanta home

Atlanta City Councilmember Cleta Winslow and the Rev. John Battle, pastor of New Shield of Faith Christian Ministries, will sponsor a housing and down-payment assistance workshop on Saturday, May 21st from 8:30 to 10:30 a.m. at 211 Boykin St. S.W.

Potential homebuyers can receive up to 30% of the sales price in down payment assistance to purchase a home in the city.

April is Fair Housing Month

April is Fair Housing Month

April is National Fair Housing Month and Metro Fair Housing Services, Inc. has been celebrating in a big way and the best is yet to come!  Below is a consolidated list of our Fair Housing Month activities; please give us a call at 404-765-3940 to get more information about how you can join us in celebrating Fair Housing month!

*On April 18, Metro Fair Housing partnered with Office of Intercultural Affairs at Agnes Scott College to produce a film screening and excellent panel discussion.  More information and photos from that event coming soon!

*April 21, Fair Housing Month program for Fulton County.

Fulton County Homestead Exemption Deadline is April 1

Fulton County Homestead Exemption Deadline is April 1

Atlanta, GA--  (Submitted by Fulton County Communications)

The Fulton County Board of Assessors reminds property owners that April 1, 2011 is the deadline to file for homestead exemption. The basic homestead exemption amount increased from $25,000 to $30,000 for the 2011 tax year. If you are currently receiving the basic homestead exemption, you do not need to reapply unless there is a change of ownership on the property. The increased amount will automatically be granted to homeowners who are currently receiving this exemption and to first-time applicants who qualify.

To qualify for any exemptions, you must own and occupy the property as your primary residence as of January 1, 2011 and be a permanent legal resident of Fulton County.

Learn the Basics of the City of Atlanta Neighborhood Stabilization Program - Sat., Feb. 5

Learn the Basics of the City of Atlanta Neighborhood Stabilization Program - Sat., Feb. 5

The City of Atlanta’s Department of Planning and Community Development has the responsibility for administrative oversight, management and implementation of the city’s Neighborhood Stabilization Program (NSP). 

It is designed to help revitalize neighborhoods and address the national foreclosure crisis.  NSP grants allow municipalities to purchase abandoned, bank-owned foreclosures to help stabilize communities hit hardest by the crisis.  

On Saturday, Feb. 5, 2011, the city's Office of Housing is hosting a public information session.  The community is invited to attend the free event.  Here are the details:

NSP Public Information Session: Saturday, Feb, 5, 2011 - 10:00 a.m. to 12:00 p.m., Old Council Chambers, 68 Mitchell Street.

More Important Information about the City of Atlanta NSP:

In September 2010, the U.S.

Atlanta Habitat for Humanity holds Groundbreaking forVerbena, a new, walkable, green community in NW

Atlanta, GA--  Atlanta Habitat for Humanity is pleased to announce the groundbreaking for Verbena Place on Thursday, Oct. 14, from 10:00 a.m. – 11:00 a.m. at the entrance to the development on Verbena Street in northwest Atlanta.

Totaling 15 acres, Verbena Place’s traditional design will feature 52 single-family homes, 16 townhomes, and 3.5 acres of permanently preserved greenspace. A 50/50 mixture of Atlanta Habitat and for-profit home sites will ensure a healthy range of incomes and architecture.