Yearly Archives: 2011

The Housing Crisis Drags Down the Economic Recovery

Washington, DC - October 25, 2011 - (RealEstateRama) -- This column was submitted to the National Newspaper Association The national unemployment rate is around nine percent and over ten percent in my home state of Georgia. With so many people looking for work, it is no wonder the housing crisis continues to harm more and more Americans. Georgia ranks fourth in home foreclosures and first in bank failures. Around twelve percent of mortgages in my congressional district (Georgia-13) are considered over 90 days delinquent. The foreclosure rate in my district currently stands at around four percent, which is higher than the national rate. Every county in my district is listed in the top ten foreclosure areas in Georgia. These statistics are particularly troubling since they simply are not improving, despite my efforts and the efforts of my staff who are working with those in danger of losing their homes


WASHINGTON, DC - October 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to St. Francis Hospital in Columbus, Georgia. The $210 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.

Atlanta Realtor Mark Spain Honored by The Wall Street Journal as One of the...

Atlanta, GA - September 19, 2011 - (RealEstateRama) -- Mark Spain and the real estate team with his namesake were named one of America’s top real estate team by The Wall Street Journal and REAL Trends. The Mark Spain Team was #32 nationally for most transaction sides and #72 for sales volume.


ATLANTA, GA - September 9, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), is pleased to announce the hiring of two new Georgia State Managers to help the company continue its growth throughout the region. Angie Gora and Todd Greak, both veterans of the Georgia mortgage industry, will report directly to Greg Janicki, REMN’s Southeast Regional Manager, who joined the company in February of this year. Together, Gora and Greak will work to grow REMN’s footprint throughout Georgia as the company expands in the southeastern US.

The Boulder Group Arranges Sale of Single Tenant Dollar General Property in the Augusta,...

Northbrook, IL - September 8, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General property located in Grovetown, GA for $987,000. The 9,100 square foot building sits on a 1.32 acre parcel and is 100% leased to Dollar General on a long term basis.

Department of Banking and Finance’s Order to Cease and Desist Issued to Quest Capital...

Atlanta, GA - September 1, 2011 - (RealEstateRama) -- On August 29, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Quest Capital Management, Inc. dba National Home Buyer's Alliance dba located at 15482 College Boulevard, Lenexa, Kansas 66219 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Quest Capital Management, Inc. dba National Home Buyer's Alliance dba engaged in residential mortgage brokering activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Mortgage...

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- On August 16, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Foreclosure Experts, LLC dba located at 1950 Old Cuthbert Road, Suite 1, Cherry Hill, New Jersey 08034 became final. Best Foreclosure Practice How-to Challenge Mortgage Note and Win

Atlanta, GA - August 12, 2011 - (RealEstateRama) -- today announced how homeowners cheat foreclosure and beat the bank. Citing today homeowners have a major advantage to avoid foreclosures by using reckless bookkeeping as a foreclosure defense.

R&B Singer Ne-Yo Purchases Home in Alpharetta, Georgia

August 11, 2011 - (RealEstateRama) -- Music producer and top recording artist, Ne-Yo and his fiancé, who are expecting their second child, are the newest residents of a prominent Alpharetta Golf Community. The couple recently closed on the European-style home listed by Harry Norman, REALTORS Alex McGraw and Annemarie Russo.

Department of Banking and Finance Enters into a Consent Order with Cornerstone Mortgage Company...

Atlanta, GA - July 26, 2011 - (RealEstateRama) -- On July 21, 2011, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Cornerstone Mortgage Company dba Brayden Capital Home Loans (“Cornerstone Mortgage”), License Number 21877, Nationwide Mortgage Licensing System Number 2258, located at 1177 West Loop South, Suite 200, Houston, Texas 77027, and its officers, Marcus Laird and Judith Belanger, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.The terms of the Cornerstone Mortgage Consent Order include the following:

Bus Tour Brings Home Ownership Matters to Atlanta

Atlanta, GA - July 18, 2011 - (RealEstateRama) -- Home buyers across Georgia may have reduced access to mortgage funds this fall if Congress decides to reduce current Federal Housing Administration loan limits. That’s just one of the many issues the National Association of Realtors® wants Atlanta residents to know about as the Home Ownership Matters Bus Tour pulls into town this weekend.

RE/MAX Greater Atlanta-Cobb Sets Sights on Expansion

Marietta, GA - July 14, 2011 - (RealEstateRama) -- RE/MAX Greater Atlanta-Cobb is celebrating its 25th anniversary and, as part of that celebration, has set its sights on expanding its sales team.

Commercial Realtor Billy Spain Joins KW Commercial Realty

Atlanta, GA - July 14, 2011 - (RealEstateRama) -- Billy Spain, a commercial real estate professional previously with RE/MAX Commercial, has joined KW Commercial Realty North Atlanta, a division of Keller Williams Realty. Spain brings a team of five to this new real estate affiliation

Atlanta’s Top-Producing Real Estate Team Named Top 20 Team in U.S.

Alpharetta, GA - June 27, 2011 - (RealEstateRama) -- Metro Atlanta-based Realtor Mark Spain and his team were again honored as one of the top-producing real estate teams in Georgia and the entire United States. The Mark Spain Team was recognized by the Atlanta Board of Realtors at its annual awards banquet for being the #1 large team in all of metro Atlanta—for the seventh straight year. RE/MAX of Georgia ranked the team at #2 in Georgia for commissions earned.

Lee & Associates Negotiates 225,000 SF Industrial Lease

Torrance, CA - June 20, 2011 - (RealEstateRama) -- Craig Viergever, SIOR and Kurt Unger, CCIM, SIOR of Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, represented Bagcraft Papercon in the lease of a 225,000-square-foot production facility at 6448 Best Friend Road in Norcross, Ga. The facility, situated on 11.75 acres, includes 13,000 square feet of office space and has a 30-foot clearance. Bagcraft and the landlord, Selig Enterprises, will retrofit the building to meet Bagcraft Papercon’s manufacturing specifications.


Mayor Kasim Reed Advances $380 Million in New Transportation Infrastructure Spending...

Mayor Kasim Reed announced today that the Atlanta City Council has voted 13 to 1 to approve a measure to put a special local option sales tax (TSPLOST) referendum on the November ballot to fund transportation related infrastructure projects throughout the City of Atlanta. The ballot referendum will ask Atlanta voters to authorize a 0.4 percent sales tax increase for a five-year period. The TSPLOST is projected to generate approximately $260 million, which will be leveraged to generate additional matching funds.


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