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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 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.

Metro Atlanta Home Values Sink to 2000 Levels

Metro Atlanta Home Values Sink to 2000 Levels

ATLANTA -- The S&P Case-Shiller Index, released last week, shows home sale prices in Metro Atlanta are where they were 10 years ago.

A trip to one in-town neighborhood highlights the slipping values.

A tidy, freshly painted craftsman style bungalow sits across the street from the Zoo Atlanta with a sweeping view of the park. It's prime real estate for Grant Park, but the value of this house, like many houses across Metro Atlanta, has been steadily falling. Owners bought the home in 2002 for $266,500 but Fulton County tax records appraise it today at just $230,000, an $80,000 drop in value from 2009.

Sliding home values have landed Metro Atlanta back where it was exactly a decade ago. Whatever you paid for your house then is hopefully what you can get for it now.

Tips on Selecting a Qualified Home Remodeler

You've thought your remodeling project through from start to finish. You have determined what you want to achieve, have a realistic budget, and know when the job needs to be completed. Finding a qualified remodeling company to do the work is an equally important step.

We've all heard horror stories about remodeling projects gone bad. Here are 10 tips to help you select a qualified remodeling contractor.

Loan Modification Could be Good, but Short Sale is Better says 1 Expert

Atlanta, GA--  As more and more Atlanta homeowners find themselves in financial distress and are forced to make tough decisions regarding their homes and specifically their dropping values and ballooning mortgage payments, we turned to a housing expert to help us navigate this complex situation.

Marian Anthony is a real estate finance expert and author of Short Sale RUSH- A How To Guide for Nonperforming Assets.  According to Marian, a Short Sale is more advantageous than a Loan Modification or a Foreclosure because "the reduced payoff in a short sale releases you from the debt obligation." He states that a foreclosure will ruin the homeowner's credit, and "a loan modification actually builds a debt trap around the borrower, milking them for every last nickel."

With so much information and marketing dollars being spent on homeowners getting into Loan Modification programs which may keep you bogged in debt for years, take Marian's su