Sally English Atlanta Real Estate: September 2009

RIDERWOOD SUBDIVISION in DECATUR GEORGIA 30033 MARKET ANALYSIS

As of September  2009

RIDERWOOD SUBDIVISION in DECATUR GEORGIA 30033  HOMES FOR SALE

2696 RIDERWOOD DRIVE $789,500

2736 HUNTING HILL LANE $325,000

2756 RIDERWOOD DRIVE 282,000

Call Sally English and The English Team to see these homes or other RIDERWOOD SUBDIVISION in DECATUR GEORGIA 30033 HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

RIDERWOOD SUBDIVISION in DECATUR GEORGIA 30033 HOMES SOLD

2772 HUNTING HILL LANE $340,000

2712 HUNTING HILL LANE $336,000

2793 RIDERWOOD DRIVE $310,000

1569 RIDERWOOD COURT $305,000

1590 RIDERWOOD COURT $293,000

1586 RIDERWOOD COURT $282,000

2650 RIDERWOOD DRIVE $290,000

2769 RIDERWOOD DRIVE $307,800

1586 RIDERWOOD DRIVE $293,000

2728 HUNTING HILL LANE $297,000

2753 RIDERWOOD DRIVE $250,000

2835 RIDERWOOD DRIVE $230,000

For a FREE MARKET ANALYSIS of your home in RIDERWOOD SUBDIVISION in DECATUR GEORGIA 30033 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

PONDEROSA SUBDIVISION in DECATUR GEORGIA 30033 MARKET ANALYSIS

As of September  2009

PONDEROSA SUBDIVISION in DECATUR GEORGIA 30033 HOMES FOR SALE

2896 BONANZA DRIVE $550,000

2857 BONANZA DRIVE $419,000

Call Sally English and The English Team to see these homes or other PONDEROSA SUBDIVISION in DECATUR GEORGIA 30033 HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

PONDEROSA SUBDIVISION in DECATUR GEORGIA 30033 HOMES SOLD

2896 BONANZA DRIVE $565,000

1668 CARTWRIGHT COURT $396,000

2840 CARTWRIGHT DRIVE $408,000

2871 PNDEROSA CIRCLE $413,000

2839 PONDEROSA CIRCLE $390,000

2769 PONDEROSA CIRCLE $387,000

2856 CARTWRIGHT DRIVE $335,000

2854 BONANZA DRIVE $320,000

1696 LITTLE JOE COURT $262,000

2895 PONDEROSA CIRCLE $324,900

2916 PONDEROSA CIRCLE $304,000

2880 CARTWRIGHT DRIVE $290,000

2903 PONDEROSA CIRCLE $259,900

3001 PONDEROSA CIRCLE $231,500

3415 LAVISTA ROAD $163,500

For a FREE MARKET ANALYSIS of your home in PONDEROSA SUBDIVISION in DECATUR GEORGIA 30033 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

BRETTONWOOD  SUBDIVISION in DECATUR GEORGIA 30033 MARKET ANALYSIS

As of September  2009

BRETTONWOOD  SUBDIVISION in DECATUR GEORGIA 30033 HOMES FOR SALE

1587 RESERVE CIRCLE $444,900

1605 FRESERVE CIRCLE $425,000 

Call Sally English and The English Team to see these homes or other BRETTONWOOD SUBDIVISION in DECATUR GEORGIA 3003333 HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

BRETTONWOOD  SUBDIVISION in DECATUR GEORGIA 30033 HOMES SOLD

1563 RESERVE CIRCLE $499,000

1599 RESERVE CIRCLE $460,000

1617 RESERVE CIRCLE $475,000

1635 RESERVE CIRCLE $465,000

1583 RESERVE CIRCLE $457,000

For a FREE MARKET ANALYSIS of your home in BRETTONWOOD  SUBDIVISION in DECATUR GEORGIA 30033 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

WOODS OF BRIARLAKE SUBDIVISION in ATLANTA GEORGIA 30345 MARKET ANALYSIS

As of September  2009

WOODS OF BRIARLAKE SUBDIVISION in ATLANTA GEORGIA 30345  HOMES FOR SALE

 2146 BRIARLAKE TRACE $475,000

Call Sally English and The English Team to see these homes or other WOODS OF BRIARLAKE SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

WOODS OF BRIARLAKE SUBDIVISION in ATLANTA GEORGIA 30345 HOMES SOLD

 2144 BRIARLAKE TRACE $500,000

 For a FREE MARKET ANALYSIS of your home in WOODS OF BRIARLAKE SUBDIVISION in ATLANTA GEORGIA 30345 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

EVERGREEN HILLS SUBDIVISION in ATLANTA GEORGIA 30345 MARKET ANALYSIS

As of September 18, 2009

EVERGREEN HILLS SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE

2273 BRY MAR DRIVE $299,000

Call Sally English and The English Team to see these homes or other EVERGREEN HILLS SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

EVERGREEN HILLS SUBDIVISION in ATLANTA GEORGIA 30345 HOMES SOLD

3095 PAYTON ROAD $759,000

3105 PAYTON ROAD $755,000

2980 PAYTON ROAD $699,000

2799 GLENBRIAR DRIVE $340,000

2740 JANELLEN DRIVE $312,000

2289 SHASTA WAY $275,000

2747 GLENBRIAR DRIVE $299,000

2749 JANELLEN DRIVE $294,900

2736 GLENBRIAR DRIVE $299,900

2781 GLENBRIAR DRIVE $285,900

3117 PAYTON ROAD $242,500

2327 BRY MAR DRIVE $225,000

For a FREE MARKET ANALYSIS of your home in EVERGREEN HILLS SUBDIVISION in ATLANTA GEORGIA 30345 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision. 

PAYTON OAKS SUBDIVISION in ATLANTA GEORGIA 30345 MARKET ANALYSIS

 As of September 18, 2009

PAYTON OAKS SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE

4498 PAYTON OAKS PLACE $770,000

2856 PAYTON OAKS $750,000

2900 PAYTON OAKS $749,900

2808 PAYTON PAKS DRIVE $800,000

Call Sally English and The English Team to see these homes or other  PAYTON OAKS UBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

PAYTON OAKS SUBDIVISION in ATLANTA GEORGIA 30345 HOMES SOLD

2797 PAYTON OAKS DRIVE $720,000

2865 PAYTON OAKS DRIVE $669,000

For a FREE MARKET ANALYSIS of your home in  PAYTON OAKS UBDIVISION call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

SHENANDOAH VALLEY SUBDIVISION in ATLANTA GEORGIA 30345 MARKET ANALYSIS

As of September 17, 2009

SHENANDOAH VALLEY SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE

2647 WHITELEIGH COURT $425,000

3009 SHENANDOAH VALLEY ROAD $394,900

2658 VARNER DRIVE $359,500

2934 DANBYSHIRE COURT $300,000

Call Sally English and The English Team to see these homes or other SHENANDOAH VALLEY SUBDIVISION in ATLANTA GEORGIA 30345  HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

SHENANDOAH VALLEY SUBDIVISION in ATLANTA GEORGIA 30345 HOMES SOLD

3092 BELINGHAM DRIVE $536,000

2672 BRAITHWOOD ROAD $470,000

2945 BRAITHWOOD COURT $390,000

2604 RANGEWOOD COURT $390,500

2680 RANGEWOOD DRIVE $394,000

2746 BRAITHWOOD ROAD $381,000

3032 BELINGHAM DRIVE $379,000

2590 RANGEWOOD DRIVE $343,000

2625 WHITELEIGH COURT $330,000

3105 BELINGHAM DRIVE $328,350

2992 BELINGHAM DRIVE $325,000

3019 SHENDAOAH VALLEY ROAD $315,000

2580 WHITELEIGH DRIVE $300,000

2635 WHITELEIGH COURT $280,000

2614 WHITELEIGH DRIVE $265,000

2626 WHITELEIGH COURT $280,000

2615 CRAVEY DRIVE $270,000

For a FREE MARKET ANALYSIS of your home in SHENANDOAH VALLEY SUBDIVISION in ATLANTA GEORGIA 30345 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

CHERBOURG SUBDIVISION in ATLANTA GEORGIA30345 MARKET ANALYSIS

As of September 10, 2009

CHERBOURG SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE

none

Call Sally English and The English Team to see these homes or other CHERBOURG SUBDIVISION in ATLANTA GEORGIA HOMES FOR SALE.  770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

CHERBOURG SUBDIVISION in ATLANTA GEORGIA 30345 HOMES SOLD

2833 RANGEWOOD TERRACE $460,000

2798 RANGEWOOD DRIVE $486,000

2730 RANGEWOOD DRIVE $500,000

For a FREE MARKET ANALYSIS of your home in CHERBOURG SUBDIVISION call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

BROOKDALE SUBDIVISION in ATLANTA GEORGIA 30345 MARKET ANALYSIS

As of September 17, 2009

BROOKDALE SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE

2730 FOSTER RIDGE DRIVE $375,000

2404 BROOKDALE DRIVE $339,900

3457 BROOKDALE DRIVE $319,900

2405 BROOKDALE DRIVE $200,000

4226 BRIARCLIFF ROAD $199,900

2671 OVERLOOK DRIVE $425,000

2661 OVERLOOK DRIVE $350,000

2706 FOSTER RIDGE DRIVE $289,900

2808 OVERLOOK DRIVE $208,900

Call Sally English and The English Team to see these homes or other BROOKDALE SUBDIVISION in ATLANTA GEORGIA 30345 HOMES FOR SALE. 770-939-3174.  Buyers Agency available. 

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

BROOKDALE SUBDIVISION in ATLANTA GEORGIA 30345 HOMES SOLD

2747 OERLOOK DRIVE $400,000

2502 OVERLOOK WAY $372,900

2491 OVERLOOK WAY $394,900

4178 BRIARCLIFF ROAD #352,000

2743 OVERLOOK DRIVE $320,000

2671 FOSTER RIDGE ROAD $325,000

2805 OVERLOOK DRIVE $315,000

2489 BROOKCLIFF WAY $280,000

2468 BROOKCLIFF WAY $290,000

2465 BROOKCLIFF DRIVE $272,000

2762 FoSTER RIDGE ROAD $255,000

2781 OVERLOOK DRIVE $259,000

For a FREE MARKET ANALYSIS of your home in BROOKDALE SUBDIVISION in ATLANTA GEORGIA 30345 call Sally English and The English Team.  770-939-3174

We can help you make a market valuation of your home. 

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

Lender's SHORT Sales Actions Fall Way SHORT of Earlier Promises

Lenders talked a great game when Congress was knocking on their door with new oversight legislation and stepped up monitoring of mortgage portfolios and other banking assets.  The Big Banks in a survival mode made all kinds of promises about helping out home owners who found themselves upside down in zero sum mortgage loans.  Lenders promised Congress and other governing bodies that they would clean up their act and start finding ways to get these toxic assets off the books pronto.

As the listing agent on a number of "short sale" transactions I have reached a high level of frustration recently because of lack of response from major lenders.  Yes, I have completed short sale transactions.  But, it is a convoluted process and the needle on my frustration level is way into the red zone.

COMMON COMPLAINTS ABOUT LENDER SHORT SALE COMMUNICATIONS

1. Lenders lose documents and even whole packages frequently.  They often lose individual documents several times for each short sale offer we submit.

2. Lenders do not return phone calls.  There may be a "live" person answering the phone but there is no one to speak to about the short sale offers.  The "live" person can pull up the loan on their computer screen and tell you what documents have been logged in and other bits of information.  But the path to the "negotiator" who is the decision maker at the bank is closed shut. The "live" person answering the phone is allegedly forwarding a message to a "negotiator" who is supposed to return the call in 48 hours.....fat chance.  "Negotiators" are shielded from both the home owner and from real estate agents who are trying to structure the deals.  "Negotiators" do not make contact with real estate agents and home owners in a timely manner.

4. EMAIL works the same way essentially.  The "live" person answering the phone can send an email to the "negotiator" but these emails must go into the short sale ozone layer.  No timely response is made.  Once contact is finally made, you can bet they have already lost some of the documents you sent in 60 days ago.

MAJOR LENDERS NOT GIVING TIMELY RESPONSES TO OFFERS I HAVE SUBMITTED

1. CHASE: Has a central call in number.  "Live" person answers the phone and can pull up some loan information on their computer screens.  Once the offer is assigned to a "negotiator" there is no communication.  "Negotiators" never answer the phone and their mailboxes are frequntly full so you can't leave a message.  If you do hit it just right and leave a message, CHASE says someone will get back to you in 48 hours.  "Negotiators" NEVER return the call much less return it in 48 hours.  In frustration I contacted the Short Sale Acquisition Manager.  To do this I requested the "live person" send email to the manager.  Surprise, never heard back from the manager.

Timeline of a recent offer: offer submitted June 23rd.  BPO Ordered on August 11.  Aug 24th had confirmation title ordered and received.  Still waiting on negotiator to respond as of September 16th.

2. BANK OF AMERICA: Lost first buyer because their response on a recent offer because was sooo slow.   No confirmation when documents sent in.  Frequently lose documents.  Approvals take 60 to 90 days.  Communication slightly better than Chase.  However, it more like Animal House scenario where Hoover's "C" was the top of the class in the Delta Tau Chi fraternity.

3. WELLS FARGO: Wells Fargo claims the short sale process takes 25 business days.  We are WAY past that point on several negotiations.  Negotiators at Wells Fargo are assessable once you have an email from them.  However, you will not receive the email until after they have reviewed the file. 

WHAT IS YOUR EXPERIENCEWITH SHORT SALE NEGOTIATIONS?

Are you getting a better response from Lenders on short sale offers?  Do you have any special tips and techniques you want to recommend?  Homeowners caught up in this short sale process are really in one of the many levels of hell described in Dante's Divine Comedy.  Seems to me home owners are being put through some unnecessary psychological torment.

If you are a manager with one of the above Lenders and want more information about the process from my end of the transaction I would be glad to work with you to streamline the process.

From my experience working with home owners who are upside down in their mortgage loans, Lender's SHORT Sales Actions Fall Way SHORT of Earlier Promises.