You know those deals that come across and look good on paper every blue moon?? We’ll you JUST FOUND IT!!

My seller lost his mind and reduced the price $40k in less than two weeks on this STUNNING entertainer’s estate in Alpharetta, GA!!

Recent appraisal came in at $60k more than what the home is currently listed for…..RUN, RUN, RUN, this baby is going to FLY off the market!!!

Alpharetta is known for its TOP-NOTCH schools, ideal suburb location and its QUALITY construction homes! With close to 200,000 residents and an average median income of $94,000, Alpharetta tends to draw a big “family crowd,” and more recently, we’ve seen an influx of younger professionals making their mark on this tremendous city.

As a graduate of Chattahoochee High School and a long time resident of Alpharetta, I can say what really drew my family here was its proximity to the city WITHOUT having to deal with the city, its low property taxes and a WHOLE LOT OF HOME for the prices, as well as the plethora of swim/tennis communities.

In one of the most prestigious swim/tennis communities, Queensbury, lies a STELLAR RENOVATION, 4-side brick, entertainers estate that has just made its appearance into the market.

Alpharetta
The KING of Queensbury!!!

This UNBELIEVABLE floor plan will absolutely knock your socks off. In addition to the abundance of other great features such as:

MIND-BLOWING open floor plan PERFECT for entertaining!

STUNNING kitchen renovation!!!

20 ft. high SMOOTH ceilings with RECESSED lighting!

NEW GRANITE COUNTERTOPS, BACKSPLASH, STAINLESS STEEL APPLIANCES–SIMPLY FABULOUS!

ANTIQUE, ONE-0F-A-KIND master bath tub!

Boasts Formal Living & Dinning Rooms!

Cook from the kitchen and BE with the FAMILY!

CUSTOM PLANTATION SHUTTERS!!

FRESH, new, DESIGNER paint throughout the entire home!

GRAND TWO-STORY foyer entrance!

Have I Mentioned the BREATHTAKING floorplan??

His and Hers VANITIES AND WALK-IN CLOSETS IN MASTER!!

LOADS of precious, natural, abundance bright light flowing through the home!

MASSIVE-sized BEDROOMS WITH HARDWOODS!!!

PERFECTLY situated minutes from GA 400 and the malls—LADIES BEWARE!

WHOLE HOUSE SURROUND SOUND SYSTEM!!

*GREAT Neighborhood & Friendly Families!!

4-SIDE BRICK SOLID CONSTRUCTION!!!

For more information on this one-of-a-kind home, visit www.onewinter.biz or call me at 678-463-3173!!!

And, if you were looking for a quick sneak peak of this beauty, check out the video below!

PRESS RELEASE

Media Contact:
Winter Baserva, Realtor Extraordinaire
winter@onewinter.biz
678.463.3173

For Immediate Release

LOCAL REALTOR FEATURED IN UPCOMING EPISODE OF HGTV’S HOUSE HUNTERS
Realtor®, Winter Baserva, Defies Odds in a Down Market

ATLANTA, GA-September 22, 2009 – Local real estate agent, Winter Baserva, of ERA the Good Broker will be featured in an upcoming episode of HGTV’s House Hunters. The popular show, which only filmed a total of three episodes in Atlanta, takes viewers behind the scenes of the emotional experience of finding and purchasing a new home. Shot over four days, Baserva’s episode will air in Spring on HGTV.

“I was approached directly by the show because of my out-of-the-box approach to buying and selling in today’s real estate market. We ran a test shoot, and within a week, my clients and I were approved to do the show,” said Winter Baserva, realtor extraordinaire, ERA the Good Broker. “Our episode shows my clients and I searching for a home in the Brookhaven area and will feature many of the unique restaurants, shops and features of homes that are conducive to ‘inside the perimeter’ properties.”

In a time where most agents are struggling for business, Baserva is defying the odds and has set ground-breaking records within her brokerage. “I have worked with some of the top agents in the Greater Atlanta Market, and I would rank Winter as one of the very best. She has a special way that she connects to her clients. I truly believe her winning attitude, knowledge of every market she works, attention to detail, and the true desire to make a difference in her clients lives are the biggest factors in her success. It’s truly a pleasure supporting the efforts of a true real estate superstar,” said Joe Eman, qualifying broker, ERA the Good Broker.

She has also set records for her own personal production. “More millionaires were made during the Great Depression than any other era in U.S. History,” said Baserva. “I specialize in GOOD DEALS. Those come in many forms whether they are short sales, foreclosures, distressed properties, regular sellers, or properties that are not even on the market. There are tremendous opportunities in today’s market for those willing to find them.”

While buyers still have the upper hand, Baserva says her sellers are benefitting from today’s market as well. “My sellers are also seeing the benefits a down market can bring, especially if they are looking to upgrade or purchase a second home. Many don’t realize whatever they may lose on the ‘sell side’, they can easily make up on the ‘buy side.’ Furthermore, with ERA’s Seller Security Plan, if ‘I Don’t Sell Your Home in 180 Days, ERA Will Buy it!®‘. But, because my background is in marketing and public relations, I’ve never needed to use the program. However, it’s a great security blanket to have in these uncertain times.”

It’s this type of resourcefulness and mindset that has landed Baserva a spot on a national television show. For more information, please contact Winter Baserva at 678-463-3173, winter@onewinter.biz.

###

As an expert in all aspects of real estate from buying and selling to investing and REO properties, Baserva builds her business based on honesty, respect, and trust by empowering her clients with the education and tools needed to make an informed decision. Raised in Roswell, GA, and a graduate from Chattahoochee High School in Alpharetta, she moved back to Atlanta in 2007, after working for a residential brokerage and commercial developer in Florida.

Her career originally started out in communications, marketing and public relations. Baserva has previously held positions with the Miami Art Museum, Miami Children’s Museum, Grove Garden Luxury Residences, and others helping them grow their businesses through publicity management and strategic marketing campaigns. Her skills have received attention from highly-accredited publications such as Interior Design, Time Magazine, The Chicago Tribune, Atlanta Journal Constitution, and many others. Currently, she is the top-producing sales volume agent company-wide for ERA the Good Broker.

She is active in many organizations and donates to several community causes including Alzheimer’s Association, EA Association and the Healthy Start Coalition. Originally from Atlanta, GA, Baserva graduated from The Florida State University with a bachelor of science in communications with an emphasis in public relations. She currently resides in Sandy Springs.

How to Sell Your East Cobb Home….
When a renovation is done right……

East Cobb is a highly-sought out area in Atlanta to live in. Whether its the proximity to major interestates, the abundance of shopping and restaurants or the overall “family-life feel,” East Cobb is definitely the AREA TO BE. If there weren’t enough advantages of living in East Cobb, its number one attraction and the reason thousands flock to find their good deal in this area is……(wait for it)……THE SCHOOLS!!

Timber Ridge, Sope Creek, Walton, Pope, Sprayberry, Shallowford Falls, just to name a few, are among the states best-rated schools in the state. Finding your home, that’s completely renovated and ready-to-move in, under $300 in this area is RARE…until NOW!!!

Located in the heart of Marietta and in the Sprayberry school district lies a community still sought after for its southern charm and open floor plans. 3476 Chastain Glen, Marietta, GA has just become available in this adorable community and for a FRACTION of what you might expect to pay.

COMPLETELY renovated from the studs in, this charmer has IT ALL at a price you just CAN’T believe:

*LAVISH MASTER SUITE with VALUTED Ceilings and PRIVATE WOODED WINDOW OASIS!!
 *STUNNING Master Bath with Uba Tuba GRANITE, Tile Flooring, NEW Fixtures, AND GARDEN TUB!!!
 *CUSTOM-BUILT Kitchen with MASSIVE Granite Island, complete with Breakfast Bar and GORGEOUS Maple Ca
 *NEW Appliances Throughout Kitchen and 5-Burner Gas Stove!!!
 *BRAND NEW MAMMOTH A/C UNIT! Get ready to be CHILLED!!!
 *TWO-STORY FLOOR PLAN WITH TOWERING CEILINGS!!!!
 *Rich Mocha Hardwood Floors THROUGHT THE ENTIRE MAIN LEVEL!!!
 *ENTERTAINERS Floor Plan with Kitchen and Breakfast Nook that Opens to GREAT ROOM!!
 *PLUSH NEW Carpeting on Upstairs Level!!!
 *GRANITE ON ALL SURFACES!!!
 *2-Car Garage
 *GREAT Neighborhood & Friendly Families!!
 *NEW LANDSCAPING OASIS!!!
 *Laundry Room UPSTAIRS!!!
 *NEW EVERYTHING: Paint Inside and Out, Carpet Upstairs, Tile Flooring, GRANITE Countertops, Cabinets

But, don’t take my word for it…see for yourself!!!!

For more information on how to get in on one of Atlanta’s FINEST areas for a fraction of the cost, visit www.onewinter.biz or call 678-463-3173….

Remember there is only SIX months (through Nov 30, 2009) left for the $8000 Tax Credit. Here is a quick recap: Feature Explanation Amount of Credit Ten Percent of the cost of home, not to exceed $80000. Examples: ·  If a home costs $65,000, the allowable credit would be $6,500. ·  If a home costs $120,000, then the allowable credit would be $8,000. Eligible Property Any single-family residence (including condos) that will be used as a primary residence. Refundable Reduces income tax liability for the year of purchase. Claimed on tax return for that tax year.  However, there are interesting options – purchases in 2009 can be claimed in 2008 – so that the refund can be received via an amended 2008 tax return.  That way the buyer does not have to wait until April 2009 to receive the money. Individuals should consult a professional tax advisor for exact tax calculations. Examples: ·  If an individual’s actual tax liability was $5,000, then after the tax credit is applied the purchaser would receive a total refund of $3,000. The refundable amount is the difference between the $8,000 tax credit and the amount of one’s tax liability. ·  If an individual’s actual tax refund was $2,000, then after the tax credit is applied the purchaser would receive a total refund of $10,000. Income Limit Individuals whose Form 1040 filing status is single (or head of household) are eligible for the tax credit if their income is no more than $75,000. Individuals who file a joint return may have no more than $150,000 in income. Individuals with incomes between $75,001 and 94,999 (single) or $150,001 and $169,999 (joint returns) are eligible for a partial tax credit. Individuals with incomes greater than $95,000 (single) or $170,000 (joint return) are not eligible for this tax credit. Recapture This tax incentive is a true tax credit. However, home buyers must use the residence as a principal residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply.

In Addition, Here is Some More Information about the Georgia Housing Bill 261 that was Just Passed for Up to $1,800 in Savings…

 HB 261 was signed into law on May 11, 2009 by Georgia Governor Sonny Perdue. GAR applauds House Sponsor Ron Stephens (Savannah), House Ways and Means Chairman Larry O’Neal (Warner Robins) and Senate Chairman Chip Pearson (Dawsonville) for their tireless efforts in the passage of this important legislation. Unlike the federal tax credit, the Georgia credit is not limited to first-time homebuyers, and there are no applicable income limits. The credit is only available to buyers of eligible single family residences who close between June 1 and November 30 of this year. The prompt actions of all GAR members who responded to Calls for Action on this legislation were pivotal in influencing the passage of this legislation. Below are Frequently Asked Questions regarding the Georgia Tax Credit:

1. Is this tax credit limited to first time homebuyers?
NO, all purchasers of an eligible single family residence in Georgia that file a Georgia income tax return can claim the credit.

2. Can the Georgia credit be combined with the federal $8,000 first time homebuyer tax credit?
YES, if buyers meet the qualification for each credit they may claim both. Each credit operates independently from the other. One is claimed on your federal income tax return, the other is claimed on your Georgia income tax return.

3. Is it true this credit is limited to the purchase of a single family residence?
YES, the tax credit is limited to the purchase of one single family residence.
Single-family residences (including condominiums) are eligible if they are:
 * New residences, residences occupied at the time of sale, or previously occupied residences, if such residences: 
    - Were for sale prior to the effective date (5/11/09) and were still for sale after the effective date; 
 * Owner-occupied residences with respect to which the owner’s acquisition debt is in default on or before March 1, 2009; and 
 * Residences with respect to which a foreclosure event has taken place and which are owned by the mortgagor or the mortgagor’s agent.

4. Is it true that eligible single family residences must have been listed prior to May 11, 2009 in order to qualify for the credit?
YES, the original intent of the bill was aimed at reducing the housing stock that has been on the market for an extended period of time.

5. Is it true that only eligible buyers that close between June 1, 2009 and Nov. 30, 2009 can claim the credit?
YES, the intent of credit is to stimulate the market by encouraging potential buyers to get off the fence and BUY NOW!

6. How do I determine the amount of tax credit I am eligible for?
The tax credit will be for 1.2% of the purchase price, with a maximum credit of $1,800 (whichever is less). Homes purchased for $150,000 or more will receive a maximum of $1,800.

7. Can I claim all $1,800 on my 2009 income tax returns?
NO, the total amount of your credit must be claimed in one-third increments over a three year period. The maximum credit per year is $600 if you are eligible for the maximum $1,800. Any excess or unused credit may be carried forward to apply to succeeding years’ tax liability.

8. Can I amend my 2008 Georgia income tax return to claim the credit?
NO, the tax credit cannot be applied against prior years’ tax liability.

9. I am looking for investment property or a second home, is the credit available for the purchase of owner-occupied residences only?
NO, all eligible single family residences qualify for the credit. However, each taxpayer can claim the credit one time only.

10. Is there an income limit for buyers who claim the credit?
NO, there are no income limits applicable to this credit.

11. Is there a limit to how long a buyer must own the property to claim the credit?
NO, there is not a limit to how long a buyer must own the property.

12. Does any portion of the credit require repayment for any reason?
NO, if you are awarded the credit there are no penalties that would require you repay any portion of the credit.

    REMEBER…I SPECIALIZE in foreclosures, short sales, distressed sellers and GOOD DEALS in ALL price points. Tell me what you’re looking for and let me find you YOUR deal of a lifetime 678.463.3173!!!

Thanks to a Fed announcement which exceeded all expectations, it was a big week for mortgage markets.*

Mortgage rates ended the week down significantly, falling near the lows reached in January. The stock market and Treasury market also performed well during the week. Following Wednesday’s meeting, the Fed shocked investors with an aggressive expansion of its mortgage-backed securities (MBS) purchase program.

In addition to the previously announced $500 billion in MBS purchases which began in January, the Fed will buy an additional $750 billion this year, bringing the total to $1.25 trillion. To put this in perspective, $1.25 trillion represents more than half of the estimated total mortgage issuance in 2009.

Similar to its November announcement about the initial $500 billion MBS purchase program, the Fed achieved its desired reaction with an immediate decline in MBS yields. Since mortgage rates are largely based on MBS yields, mortgage rates moved lower as well. The Fed has identified the stabilization of the financial system and the housing market as key elements of an economic recovery, and lower interest rates will help achieve these goals. Inflation data released during the week contained no reason for inflation to be a concern in the short-term. With yet another increase in government spending, though, investors will be keeping an eye out for signs of higher future inflation.

Simply put, mortgage interest rates have NEVER been lower!

Can it REALLY get any better for Atlanta Home buyers???

*Thanks to Scott Lindon from ERA Mortgage for providing this quick summary of financial information!

Don’t Be the Last of the Firsts!!!

Wow!! Can it get ANY better for first time home buyers?? The tax credit that USED to be a $15,000 credit deducted off your income taxes that was basically a LOAN to be repaid within 15 years, has now become an $8000 overall TAX CREDIT! What does that mean??? FREE MONEY! So long as you don’t move within three years of the home purchase.

Furthermore, FHA loans have become so attractive and accommodating that buyers are crazy to not get off the fence right now. If you have an experience Atlanta buyers’ broker (which is FREE) and they know how to negotiate the contract to have the seller pay for closing costs (this can happen even in foreclosures too if you are working with an agent that knows the Atlanta Foreclosure process) then all you need is 3.5% down.

So on a $275,000 house, buyers who are qualified for FHA will only come out of pocket $9625 and can get into a home. Do you know what kind of home you can get into for that price in today’s market??

Obama’s plan has already started changing buyers’ perceptions and we are starting to see an influx of first time home buyers to the market. In turn, we will start to see a lot of the product get absorbed, which will cause the natural lifecycle of real estate to do what it had done for thousands of years—it will cause home prices to increase and economics of the real estate market will shift giving us higher demand and lower product.

So, to sum up just a FEW of the reasons why if you’ve ever considered buying a home, now is the PERFECT time:
1) $8000 Tax Credit
2) FHA Low Down Financing Options
3) Seller Motivations are at an all-time high
4) There is still ample product on the market (for now)
5) A new president is restoring the countries faith and their economic worries are lessening, causing an influx of buyers that will soon head to the market and if you don’t get in it before it all happens, you will have a lot more competition.

So, don’t be the LAST OF THE FIRSTS!! That will only put you in the “shoulda, woulda, coulda” group!

ATLANTA NEEDS LESS REDC HOME AUCTIONS AND MORE ABSOLUTE AUCTIONS!!!

I get on average about 3-5 calls a day for a month before the REDC Atlanta Home Auction comes in to town from different people inquiring about my auction knowledge. As an owner of four auction properties, I can say without a doubt that buying auction properties comes with LOTS OF RISKS and several HEARTACHES.

However, most of the heartaches deal with the auction monopolies of the world like the REDC. Most people are not even aware other types of auctions exist because the REDC is so GOOD at marketing their brand (which by the way you end up paying for with their 5% mark up fee). That’s basically what auction houses are…..GOOD MARKETERS, not necessarily the authority on “deals of a lifetime.”

What Atlanta needs are more Absolute Auctions…..
Absolute Auctions are defined as an auction in which the property is sold to the highest bidder regardless of the amount of the winning bid. How unbelievably simple….You bid on a property and the highest bidder wins! No “outs” for anyone, just business done right!

The REDC’s bids are “subject to managements’ approval” and often there never is an approval. Just a lot of “run around” from disorganized closing attorney’s handling too much volume and non-helpful REDC staff who are overloaded with questions they do not necessarily know how to handle once the “show” is over. What people don’t understand is that if the property doesn’t meet the sellers reserves, there is no sale and the buyer just tied up their time and earnest money for up to 30 days. Meanwhile, all the other deals are flying away to other savvy buyers!

If you are planning to attend the upcoming Atlanta REDC auction, please check out my blogs for loads of helpful information you can use to your advantage and learn from the mistakes I already made early on in my investing career.

And, if you need FREE representation to help assist in the process, please feel free to give me a call at 678-463-3173!

The INFAMOUS (very different from famous) Real Estate Disposition Corporation’s Lender Owned Auction is Heading Back to ATLANTA….AGAIN!!!

That’s right! The REDC Home Auction is coming back to Atlanta on Feb. 21, 2009. Many will flock to this event in the hopes that they will strike it rich with their “deal of a lifetime”!!!

As an owner of FOUR properties bought at the REDC auction, can I please give you one, tiny, little piece of advice…..go, BUT DON’T EXPECT TO FIND YOUR DEAL OF A LIFETIME!! If you have never been to an auction, click here to see what you can expect to find, as well as first hand testimonials of visitors experiences.

If you haven’t already done so, YOU MUST read my blog about the 10 Biggest Mistakes Buyers Make in Today’s Market, of which Mistake Number 7 is trying to find your bargain at an auction.

Don’t get me wrong, I got a fairly decent price on the four properties I bought at the REDC Home Auction. But, by the time you add the auction fees, lender fees, closing costs, repairs (of which all of my homes needed between $10,000-30,000 worth of work), I realized that if I just would have been better off buying the home down the street directly from Mr. & Mrs. Seller……and FOR LESS.

Just a little mistake I made that I have the privilege of sharing with you. Furthermore, after more and more time spent at the auctions, I have seen more and more hearts broken. See the story of what happened to my last client at the auction.

See too many times we get caught up in the labels of “auctions, foreclosures and short sales” and miss unbelievable buying opportunities that are staring us in the face.

Now you HAVE to read my blog about auctions…….Here are a Few Other Recommendations if you Plan to Buy at an Auction:

• Do Your DUE DILIGENCE-no inspection contingencies here, you get what you get and sometimes that can be substantial. Do your research BEFORE you bid.
• DON’T let your emotions take control-decide your highest and best bid BEFORE you go and don’t go over it under ANY circumstances.
• Practice PATIENCE throughout the entire process-from the winning bid, to the paper work to closing, you will need patience. Imagine how busy the closing attorney’s are with over 1,400 Atlanta homes being sold.
• Despite everything if you still want to buy at an auction, GET A QUALIFIED REALTOR to represent you, just like my clients in this picture to the right did before they went to the REDC Auction. It’s great to have a non-biased, non-emotional third party representative there to help you, as well as walk you through the process and paperwork, as well as be able to coach you through the “after-winning” paperwork and logistics.One thing is certain DEALS OF A LIFETIME are out there…..TONS OF THEM… And, if you REALLY want a good deal, call me and let me show you how to offer in on the property NO ONE’S offering on, instead of putting you in a room with hundreds of other buyers all going after the same one.

  If you are looking for a qualified realtor that understands the Atlanta home auction process, then CALL ME at 678-463-3173 immediately. I’ll be happy to represent you FREE. BUT, don’t wait!! I will need to make sure that you are registered properly!

REDC-Real Estate Disposition Corporation
Lender Foreclosure Home Auction in Atlanta, Georgia

• February 21, 2009
• February 22, 2009
• February 23, 2009
• February 28, 2009

P.S. Did you know you can buy properties “auction-style” ONLINE from auction houses that are not as popular and have many less people bidding on them??? I can help you with that as well!

Who ELSE WOULD LIKE TO SELL THEIR ATLANTA HOME RIGHT NOW…GUARANTEED??

As time changes, people need to adjust their systems for success. I am really excited that with the recent changes in the real estate industry, my broker decided to open an ERA Franchise in Atlanta, GA.

For those of you that don’t know ERA, they are a global real estate company whose parent company is Realogy (the same parent company of Century 21 and Southeby’s). Besides the technology advantages, marketing advantages and resources available, one of the best things that I love about this company is its EXPOSURE and REACH to Atlanta buyers and Atlanta sellers!

We all know a house can’t sell without an offer and offers don’t come in without exposure…EIGHTY-SEVEN (87%) of buyers are shopping online, so what a better way to get your Atlanta house sold as its being marketed to a local, national and international level!!

If that wasn’t enough, ERA went on a instituted the SELLERS SECURITY PLAN and WHAT a USEFUL resource in this day and time….The bottom line is that if I don’t sell your home, ERA will buy it!!!!

No, I did not just stutter…..See the details below….

Guaranteed sale, guaranteed price.
When you accept an offer from ERA Franchise Systems LLC, the Sellers Security® Plan assures you that ERA Franchise Systems LLC will buy your current house if it doesn’t sell within 180 days from the application date. ERA Franchise Systems LLC guarantees the purchase price offer, so you’ll know in advance the minimum you can expect from the sale of your house. You’ll also have plenty of time to see if any other buyer is willing to pay more.

You get the profit, ERA Franchise Systems LLC covers any loss.
Almost always, you will receive more than the price guaranteed by the agreement. If ERA Franchise Systems LLC ends up purchasing your house and then resells it for more than we have in it (including holding and closing expenses), the net profits are returned to you. But if ERA Franchise Systems LLC sells it for less, you don’t take the loss, ERA Franchise Systems LLC does.

Increased Buying Power.
The ERA® offer eliminates the uncertainty of contingency offers giving you the flexibility to move when you want. You are in a better negotiating position than other buyers who may still have to sell a home.
Sellers Security Plan qualification.

Your house must be a single-family primary residence. Houses must have an average appraised value of at least $50,000 and not more than $750,000. Mobile homes, co-ops, or multi-family homes are not eligible for the plan. Properties that have an abandoned storage tank on site are also not eligible.

Certain conditions apply. Contact me for more information!!!

The REDC Comes to Atlanta and Destroys Dreams, Yet Again….

We’ll the REDC did it again! They destroyed another one of my clients dreams……

Mr. A, my client, decided he wanted to purchase properties from the REDC Atlanta Home Auction, despite my recommendation not to. I diligently explained that good deals come in all forms-not just in Atlanta Foreclosures or Atlanta Short Sales or Atlanta Home Auctions, but all over.

I sent him my report about auctions and encouraged him to read my auction blogs.

Nevertheless, his mind was made up, so I did what any good agent would do, I supported my client. We did our part…I took him to the properties, he inspected them, registered for the auction, went there and bid on them and guess what, he got BOTH of the properties he wanted. CASH ONLY deals of which both of the houses needed $75k-$200k worth of work just to make them livable again.

We left happy and I was pleased Mr. A got what he wanted. Then the REDC did it AGAIN. They started playing the “…we’re still waiting on the seller to respond game…” The REDC started saying “…contact the closing attorney for more info…”, and the closing attorney said “…contact the REDC, we don’t know what’s going on….”

I played the “follow up game” for over a month until FINALLY we find out that the banks did not accept EITHER property. The REDC and closing attorney had in fact found this information out over three weeks ago, but did not inform us.

In the meantime, my buyer had gotten estimates, did inspections, started organizing the crews to get the homes in order and needless to say, got very emotionally attached to what he was going to turn these homes into.

THIS IS THE 7TH PROPERTY I HAVE BEEN INVOLVED WITH THAT HAS BEEN HANDLED LIKE THIS WITH THE REDC AUCTION!!!!

Since I started blogging about the REDC, I’ve had SEVERAL people reach out to me and tell me their stories of broken dreams, marriages ending and heartache that trying to buy from an auction cost them.

The REDC touts themselves as the “Atlanta Foreclosures and Atlanta Bank Owned” Inventory Specialists. They pay high dollars on marketing (which by the way, you end up paying for on the 5% mark up fee) to promise people the opportunity of owning a home for 50 cents or less on the dollar.

The fact of the matter is that the REDC are BRILLIANT marketers. I encourage ANYONE looking for a good deal to find them elsewhere than in auction houses. I have seen my buyers’ hearts broken one too many times and its a shame that my client got their heart broken by the REDC!!!!