3306 W SHADOWLAWN AVE

SCAN CODE

You will not believe this amazing newer home with a total renovation within a stone’s throw of Lenox Mall, Phipps Plaza and all that is the heart of Buckhead. Located at 3306 W. Shadowlawn Avenue just south of Piedmont on Peachtree, this huge home is absolutely amazing with total renovations finishing soon.

This great Buckhead Foreclosure has three levels including a full basement, and unbelievable master suite. This one has beautiful hardwoods, granite counter, stainless steel appliances and so much more. This spectacular home has not been priced, but we are taking names and numbers for the premarket list so we can notify you the moment it hits the market.

Call our office today to find out more about how to get into this amazing home the moment it is ready to view. You truly will not believe this home.

Call for more information today. Bru Krebs listing agent (404) 849-2623 or email at bru@atlprime.com.

You can also join our mailing list by scanning the QC code above for a quick sign up form. There are lots of exciting things coming on the market and we are ready to help!!!

The new park in Old Fourth Ward

Things are changing for the better in Old Fourth Ward. Take a look at the new park that has been built and still has more to come. This great park which has a portion of the Atlanta Beltline running through it is just spectacular. It has a Majestic Lake, lots of walk ways, great park benches with plenty of lighting. This is such a beautiful addition to the city.

The park is part of a revitalization effort for the area that connects to Freedom Park. The new addition is bringing great value to the area as well. Recently a multi family project sold adjacent to the park as one of the highest priced sales in Atlanta history. I also recently sold a home on Rankin Street that was purchased for $139,900 then with renovations sold a short six months later for $400,000. Adding to that the new City Hall East conversion that is soon to come: there is a lot to look forward to.

I am so excited about the area as I have sold many homes and condos here over the past few years that it makes me thrilled for my buyers and sellers. Being part of such a great area of town with so much to offer is so rewarding. So, if you know anyone looking to buy or sell in Old Fourth Ward we are here to help at Prime Real Estate. Give us a call at 404-685-3774.

THE NEW ANSLEY MALL

PRIME OFFICE ANSLEY MALL

One of the staples of midtown life is the Ansley Mall located at the intersection of Monroe Drive and Piedmont Road. For many years, Ansley Mall has been the center of midtown shopping, but had begun to show its age with worn sidewalks, outdated coloring and minimal landscapes. Well that has all changed thanks to its owners at Selig Enterprises! The offices of Prime Real Estate relocated to the mall a year prior to the renovations without knowing of the owners plans for enhancement.

What an difference a year made too! You would not recognize Ansley Mall if you had note been there in a while. While, yes it is still located adjacent to Piedmont Park and the Botanical Gardens as well as the Ansley Golf Course, it looks quite different from just a few years ago. Now, The new Ansley Shopping Center has lush landscapes, nice stone walls, fantastic decorative yellow sitting tables and much more.

The facade of the building itself was updated with new towers, stucco and copper paneling that bring an exciting, distinguished and modern look to the once dated center. This change has also brought in new tenants and consumers as well. The change has “just been amazing for midtown” says one shop owner who has seen his business more than double since the change.

There are great new places to eat like Panera Bread Company and Boardwalk Burgers and Fries, a new super sized pet store and even a full service AT&T phone store. Ansley Mall has moved into the 21st century and it shows.

The clientele of the center has also increased dramatically. The once somewhat dormant outdoor areas are now filled with coffee drinkers, lunch eaters and just regular people watchers who are all enjoying the new look, feel and offerings of this renovated midtown staple.

The team at Prime Real Estate has also been so proud of the changes as we are now part of a great community that services the families of the Ansley, Midtown, Virginia Highland and Old Fourth Ward residents.

As ol’ Martha Stewart would say “its a good thing”. So when you get a moment come by and see all that has changed and that is new at Ansley Mall located at 1544 Piedmont Avenue, NE, Atlanta, GA 30324. While you are there stop in to say hi to us at Prime Real Estate in suite 314. We are always here to help you.

As a resident in Old Fourth Ward myself, I wanted to talk today about a special place called Troy Peerless Lofts. I currently have a one of a kind executive rental in the complex for $2,900/month that is just breath taking. This home is two units combined into one with all the top upgrades that are available.

Troy Peerless was, in the early 1900s, on of the area’s largest laundry facility built of nice red clay brick, steel and glass, this is truly an an exceptional place. In the 1990s it was transformed into apartments for the then developers, Miller Gallman. In the mid 2000s, however the project was totally renovated and turned to a very unique loft development unlike any other in the area.

These homes have beautiful concrete floors, granite counters, stainless steel appliances, italian style cabinetry and so much more all surrounded by a private Iron Gate with private entry. The complex has an amazing roof top pavilion, a fitness center, a business center and even extra on site storage facilities.

With the influx of new activity in Old Fourth Ward, this is one of the most sought after areas of town to live in. This home, in particular, is unlike any other. The area includes the new additions of Freedom Park, the belt line development and soon to be total renovation and reconstruction of the City Hall East/Sears Warehouse property. Come down to Old Fourth Ward to see what all the excitement is about.

Call us today for your personal tour and prepare to be amazed at all the great things going on in this vibrant part of town.

See more at www.atlprime.com or call us at Prime Real Estate – (404) 685-3774

We are off to a bank in 2012 with some amazing homes coming on the market. One in particular is having a great open house this Sunday from 3-5PM at 1695 N. Rock Springs Road in Atlanta 30324. This four bedroom three bath home has a full basement too ready to be turned into a great apartment or other usable space. This great home has hardwood floors, recent updates, a two car garage, beautiful tile work, an AMAZING master suite and is located in highly sought after Morningside / Virginia Highlands. Call Bru Krebs for more information at 404-849-2623 or to make an offer today.

This is an amazing home!!! Don’t miss it!!!

Just announced yesterday, Fannie MAe (FNMA) has extended it’s seller assistance program to June 30, 2010. This program extends the program scheduled to end on April 30 for two more months to aid in the sales of FNMA foreclosures to the owner occupied home buyer market.

This incentive is a 3.5% credit toward either closing costs, appliances or a combination thereof. Call your FNMA agent at Prime Real Estate for more information 404-685-3774.

Take advantage of your FNMA seller incentives AND your federal tax credit if you are under contract by April 30. See us at www.atlprime.com

According to the National Association of Realtors, existing homes sales are up 6.8% over the previous month. This is a great indicator that the spring market has hit. There has never been a better time to get off the fence and start your road to the American Dream.

Additionally, we are seeing foreclosure inventories gear up for the spring and summer sales seasons. Some estimates are that last quarter saw more than a 35% increase in foreclosures over the previous quarter. This means that banks are finally able to recover some of the assets that have been on hold due to the mostly failed modefication programs set forth by the federal governement.

For some time there has been a bottleneck of inventory that has been held up in these failing government loan modeifcation and retention programs. As a whole, these programs have done very little except hinder the overall recovery and liquidation of the distressed assets on the books at our banks and mortgage lenders.

Many industry experts see FNMA and other government lending programs as so far in failure that they may see extinction in the coming years.

However, for buyers and investors, now is the time to take advantage and get in on what could be your greatest opportunity for wealth building in a lifetime. Call the Prime Real Estate foreclosure experts to find out more and to find out about foreclosures before they hit the market.

Experience has taught us that the good ones go right away, so ensure your position at www.atlprime.com.

The most recent foreclosure news from DS NEWS 4/12/10 says

“Despite servicers’ efforts to modify unprecedented volumes of troubled mortgages and a large-scale government-led program put in place to stem the nation’s viral foreclosure epidemic, they haven’t been enough to keep up with the rapid pace of loan deterioration, according to new data from Lender Processing Services (LPS).
A market report released by the company Monday shows that the total number of delinquent loans as of the end of February was 21.3 percent higher than it was a year earlier. Although the data showed a small 1.45 percent seasonal decline in delinquencies from January 2010 to February 2010, LPS reported that the national delinquency rate still stood at 10.2 percent.

Although delinquencies remained relatively level, the nation’s foreclosure inventories reached record highs in February. Based on LPS’ analysis, the foreclosure rate of 3.31 percent represented a 51.1 percent year-over-year increase.

Furthermore, the percentage of new problem loans is also at its highest level in five years. LPS found that more than 1.1 million loans that were current at the beginning of
January 2010 were already at least 30 days delinquent or in foreclosure by February 2010 month-end.

According to the company’s data, the number of non-current first-lien mortgages and REO properties now total more than 7.9 million loans.

LPS noted in its report that as a result of the federal government’s Home Affordable Modification Program (HAMP), delinquent loans that were modified and that remained current through HAMP’s three-month trial period – called “cures-to-current” – have increased. Advanced delinquency rolls, however, remain elevated from a historical perspective, the company said.

Both delinquency and foreclosure inventories remain bloated, LPS said, thanks to high volumes of problem loans in combination with prolonged loss mitigation efforts and foreclosure moratoria.

With 10.2 percent of borrowers delinquent and 3.3 percent in foreclosure, the nation’s total rate of non-current loans has hit 13.5 percent, LPS said.

Based on the company’s analysis, the states with the most non-current loans include: Florida, Nevada, Arizona, Mississippi, California, New Jersey, Georgia, Illinois, Ohio, and Indiana.

The states with fewest non-current loans are: North Dakota, South Dakota, Alaska, Wyoming, Nebraska, Montana, Vermont, Colorado, Washington, and Minnesota.

Commentary from Freddie Mac’s economic team Monday says, “The current large backlog of seriously delinquent mortgages remains a daunting prospect for many local markets across the country, and it may take two years or more to return to more normal housing market conditions.””

Call your Prime Real Estate foreclosure expert to find out more

Just announced by fannie MAe (FNMA) is a great new incentive for those foreclosed homes missing their appliances. FNMA is offering up to a 3.5% incentive toward, Closing Costs, The purchase of Wirlpool Appliances or a combination thereof. Call your Prime Real Estate FNMA specialist today for more information.

To be eligible for the program, the following criteria must be met: The offer must be written AFTER January 28, 2010, The property must close before May 1, 2010 and the buyer must be an owner occupant. Second homes are also eligbile as long as they are owner occupied. Investors are excluded from the program.

So act quickly as time is almost gone for this program. Call Me or any of yout Prime REO specialists at 404-685-3774 or visit our web site at www.atlprime.com

Fed Extends TALF, Says Credit Markets Still ‘Impaired’
FEDERAL RESERVE, FED, TALF, ECONOMY, TREASURY DEPARTMENT
CNBC.com | 17 Aug 2009 | 09:38 AM ET
The Federal Reserve said Monday it will extend its Term Asset-Backed Securities Loan Facility another six months though it said conditions were improving in some areas.

In a joint announcement with the Treasury Department, the central bank said the TALF, as the program is known, now will run until June 2010, from its original cutoff date of December 2009.

“Conditions in financial markets have improved considerably in recent months,” the Fed and Treasury said in their statement. “Nonetheless, the markets for asset-backed securities backed by consumer and business loans and for commercial mortgage-backed securities are still impaired and seem likely to remain so for some time.”

The extension will cover newly issued commercial mortgage-backed securities but will not be expanded to cover assets not already eligible.

The program targets primarily students loans and credit cards but extends to other financing as well.

The TALF started in March and figures prominently in efforts by the Fed and the Obama administration to ease credit, stabilize the financial system and help end the recession.

Under the program, investors use the funds to buy securities backed by auto and student loans, credit cards, business equipment and loans guaranteed by the Small Business Administration.

The program has the potential to generate up to $1 trillion in lending for households and businesses, according to the government. Spurring such lending is vital to turning around the economy. The Fed and Treasury said they were prepared to reconsider this decision if financial or economic developments conditions indicate that such an expansion would still be warranted. However, the government believes the financial system is beginning to stabilize after being hit last fall by the worst financial crisis since the Great Depression.

The Fed and the Treasury also extended TALF through March 31 for newly issued asset-backed securities and already-issued, or “legacy,” commercial mortgage-backed securities.

—Reuters and The Associated Press contributed to this report.

© 2009 CNBC.com
URL: http://www.cnbc.com/id/32446222/