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Legal Tip: Buying a Foreclosed Property in Atlanta:
Does the Bank have title to the property?
When buying a REO ( = Real Estate Owned, Foreclosure) Bank Repo or Auction Homes, it is a good idea to confirm that the previous foreclosure has been recorded.
Because of the high volume of foreclosures and threats of litigation for wrongful foreclosure, lenders are not getting their foreclosure deeds (DUP – Deeds Under Power) signed and recorded in a timely manner. Lenders are taking extra time to confirm and review their procedures before executing the DUP and returning it to the foreclosure attorney for recording. If any mistakes are found, the entire process may have to be repeated, including the advertising period of 4 weeks.
If the DUP is not on record when a property goes under contract, the buyers could end up waiting weeks or months beyond the original closing date. These delays may require amending of the contract, rearranging moving plans, and relocking of loan interest rates, in addition to the stress of uncertainty and the difficulty of getting information or communication from the REO seller.
Most REO sellers will designate an attorney to represent them in the closing, even if the buyer’s or lender’s attorney is handling the closing. The seller’s attorney should be able to obtain and provide information on the status of the unrecorded DUP.
If the DUP has not been signed and recorded (or delivered to either the seller’s attorney or the closing attorney), this is a title problem that must be cleared before a closing can occur. Contact Raquel Twine(404) 748-1898 today for more information on buying Atlanta Foreclosures, Short Sales, Pre-Foreclosures, Bank Owned, REO Homes, Townhouse or Condos. www.AtlantaLuxuryHomesandCondos.com
Leigh Clack, Attorney lenox@neelandrobinson.com
Neel & Robinson Attorneys at Law, LLC
22 Lenox Pointe, Atlanta, GA 30324
404-705-3690 fax 404-705-3697
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For the luxury buyer seeking the best opportunities on Atlanta Condos or Luxury Vacation Residences for sale,your wait is over! Sovereign Condos have recently reduced the price on their premiere luxury condominium homes. They are now starting at $799,000, a reduced price tag from the previous $1 million dollar plus starting price. Buckhead Atlanta is a location where one would find the highest priced real estate. The area is surrounded by luxury hotels and mansions, with the Sovereign Luxury Condos being one of the most attractive price reductions of the start of the 2011 year. Driving down GA State Highway 400 in Atlanta, the Sovereign towers above the rest, and is in plain sight for all to see. Its unique design, interior and exterior, is done with an artistic brilliance that catches the eye and makes a bold statement. With its very own Members Only Buckhead Club and Niko Bistro French Restaurant for first class dining, you are in for quite a treat. The spectacular new price for one of the most well-known and respected residences in Atlanta is sure to be hot on the market. Oddly enough, prior to the price reductions,the Sovereign sales had gained momentum, which make the new pricings even more attractive to the luxury buyer. These price drops are likely due to the recent dealings of Regent Partners, the developers of the Sovereign high rise and commercial properties. While Regent Partners still maintain their high rise residences at Sovereign, they have recently sold their commercial property at 3344 Peachtree Road to Park Properties, Inc., who focuses on operating, leasing, acquiring, and owning office properties. This transaction is said to have occurred for the price tag of $167.3 million. The purchase includes 484,000 square feet of office space and retail space, as well as the adjacent 11-story parking building. The best deals on luxury properties in Atlanta are typically silently marketed and sometimes sold before ever hitting the MultipleListing Service. Most affluent buyers have little time to browse the Internet in search for a new home. Contact Raquel Twine today at (404) 748-1898 for information on the latest luxury deals on Atlanta Condos and Luxury Homes, or visit our website at www.AtlantaLuxuryHomesAndCondos.com and sign up for our instant email notification of Luxury Condos and Luxury Home Communities that are anticipating future price reductions.
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The latest Atlanta commercial real estate hot topic is the sale of In-town’s Atlanta Mixed-Use Development the Atlantic Station. This sale is said to boost both real estate home values in the Midtown Atlanta and Downtown Atlanta areas. The December 31, 2010 closing of the Atlantic Station, Midtown Atlanta’s main attraction, has been purchased by CB Richard Ellis Investors and North American Properties. AIG Global Real Estate sold its assets to CB Richard Ellis Investors and North American Properties who were said to be the highest bidders of this lucrative commercial real estate deal. The two investors partnered together to acquire the Atlantic Station In-Town Center, a 586,000 sq. ft. of retail real estate assets that consists of entertainment centers, shopping centers, and restaurants. Some retailers include Target, IKEA, H&M, Publix Supermarket, Regal 16 Cinemas and Dillard’s. This sale also included the 271 17th Street building. What changes can we expect? A more sophisticated Atlantic Station with more high end retailers and attractions. The new development of Atlantic Station will help push residential and commercial values up in the 30363 zip code, and the neighboring zip codes of 30309 and 30310. This sale would solidify curiosity of doubtful investors on the fence about investing in In-town real estate, more specifically around the Midtown's Atlantic Station area. One would call this the perfect real estate storm for buyers seeking to purchase a new home or condo in Atlanta’s Midtown area. While good change is taking place, great investment opportunities are currently being created. This is the opportune time to ride this real estate wave and to expect an exceptional return on your investment within the next 3 to 5 years, my prediction. Real estate still remains one of the most tangible investments one can make. Real estate around the Atlantic Station would see immediate change, including the new Atlantic Condos, which continues to appeal to local and International homebuyers looking to buy in-town. Stay tuned for the latest real estate deals in the Midtown area. Sign up for instant email notification on Atlanta Homes, Atlanta Condos and Gated Communities that are anticipating future price reductions, or contact Raquel Twine today (404) 748-1898 for information on specific Atlanta real estate projects.
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The “Streets of Buckhead,” a project which was created by Atlanta developer Ben Carter, has been taken over by California developer Oliver McMillan, a San Diego firm best known for its mixed-use developments. The project is scheduled to resume this summer. This is amazing news for the homeowners and those seeking to purchase real estate around the “Streets of Buckhead.” Such communities that would reap the benefits of this development are communities around East Paces Ferry Road, Pharr Road, West Paces Ferry Road and the Tuxedo Park community. Real estate sales are said to soar even more as watchful homebuyers and pioneering investors are now buying Buckhead condos and Buckhead homes as a potential lucrative investment. Stay tune for Oliver McMillan’s exact launch date of the “Streets of Buckhead project.” Contact Raquel Twine today at (404)748-1898 for more information on incredible deals on Buckhead Condos and Buckhead homes, or sign up for instant email notification of Atlanta Homes and Atlanta Condos that are anticipating future price reductions or major changes.
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The doors at the new Ritz Carlton Residences have opened to reveal one of the hottest new communities in the Buckhead area of Atlanta, GA. Post recently paid off all debt for the Ritz Carlton, making this community debt free. This allowed new recently reduced pricings that are sure to make this property in high demand, as 1, 2, and 3 bedroom homes and penthouses are all available, ranging from the low $300,000 to the mid $2 millions. The world renowned Ritz Carlton is sure to rise above its competition in the Atlanta area, as they offer the best amenities that you can only find at the prestigious Ritz Carlton. The 18th floor houses an elevated pool and garden deck that offers breath-taking views of the Buckhead, Midtown, Downtown, and Brookhaven areas. The 19th floor offers formal dinning overlooking the Atlanta sky line, and the casual club rooms present a great setting for events or catching a game on a plasma television. Enjoy their a la carte services such as the spa, yoga, pilates, or personal trainers, as well as event planning and personal shoppers. Don’t expect anything less than the best in these new Ritz Carlton Residences. Look forward to not only living in a prized community, but enjoying the Buckhead area, said to be the most affluent location in Atlanta. With its feisty downtown feel, you are sure to enjoy all the new high rise buildings, restaurants, and shopping areas within walking distance, but surrounded by luxurious mansions and custom estates. Located only 30 minutes from Atlanta’s Hartsfield Airport, and merely 15 minutes from downtown Atlanta, you truly will be in the heart of Georgia. Real Estate in the Atlanta area is still thriving, as the cost of living remains lower than most states. Domestic and International homebuyers and investors still choose to buy real estate in Atlanta, Georgia because of the cost for businesses. If you are interested in buying Atlanta Real Estate, or need information on the hottest Atlanta Condos for sale or Atlanta Luxury Homes for sale or some of the best Atlanta Luxury Foreclosures. Contact Raquel Twine today at (404) 748-1898 or visit our website at www.AtlantaLuxuryHomesandCondos.com Raquel Twine has the best information on buying, selling, renting/leasing Atlanta Condos, Lofts, Luxury Town Homes, and Atlanta Gated Communities. Visit our website for live up to the minute MLS listings on new homes for sale in Atlanta.
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The Atlantic
is one of Midtown Atlanta’s most
anticipated Intown luxury high rise Condominium Communities. Before the market
took a turn for the worst, the orginal developers had set out to make The Atlantic
the premire Residence of the Midtown/Downtown Atlanta
area. Unfortunately in September 2009 the FDIC took ownership of Corus
Bank’s nationwide portfolio of residential real estate and construction loans.
This included six signature condominium communities: The Atlantic,
The Brookwood located in South Buckhead, Luxe Condominiums, boutique Midtown High Rise, The
Serrano in Sandy Springs, One River Place, and The Horizon at
Wildwood High Rise Living. The FDIC partnered with ST
Residentail in 2009 for the relaunch of its Atlanta’s condominium constrution
projects, one year later on September 2010.
The Atlantic
has finally open its doors to home buyers and investors seeking an amazing deal
on an in town Atlanta Condo at a Bank Foreclosure price. The
sophisticated high rise has caught the attention of both Domestic and
International Investors looking to capitalize on the FDIC and ST prices which
are close to .60 on the dollar from its original price. ST
Residential did not discount any of its high end finishes to any of the homes,
nor did they spare any cost on its luxury amenity package.
Towering 47 stories high, this community’s exclusive zip code
of 30363 is an easy
and painless 10 minute drive to the Hartsfield Jackson International Area and
lies within the downtown area of Atlanta, GA; Luxury Condos for sale near
Atlantic Station and Georgia Tech areas are in high demand, and Investors
looking to buy Condominium homes that are in close proximity to this and the
Philips Arena and Georgia Dome are hot commodities and must move fast, for
leasing permits are limited at this luxury community.
Contact Raquel Twine at (404) 748-1898 for more information on
exclusive Atlanta Condominium deals. The Atlantic
special and in a league of its own in Midtown; stepping into a
condominium here is unlike anything seen in a catalog. From the outside, this
building looks like something out of a painting, with the sunset and downtown
area as its beautiful backdrop. The interior is 5 star quality and nothing is
less than lavish. From the fitness center to yoga room to club room perfect for
hosting board meetings, the possibilities here are truly endless. You may never
want to leave your home, especially with the view being the best in the city.
Being able to live in the capital of the south is one thing, and being able to
touch it and easily interact with it is another- and The Atlantic
is the most exclusive community in the downtown area. A must have for any
person who considers luxury, comfort, and access the most important when trying
to purchase a home.
The aforementioned access is so great, you won’t need a car to
go shopping. Atlantic Station is right across the way and has numerous Boutique
shops which makes for great shopping, Restaurants and Movie Theater and lots of
entertainment within closeness of this fantastic home. 15 minutes to the east
is Phipps Plaza and Lenox Square Malls, while 10 minutes south is Underground
Atlanta, home to all of the plausible shops to fill your
desires. The Atlantic’s
access to schools within a 3 mile radius such as Atlanta International and
Westminster Schools and of course Georgia Tech makes it even more appealing to
all. The Atlantic
at Atlantic Station brings 5 star quality housing to a 5 star quality locale
convenient for anyone in the family.
Contact Raquel today (404) 748-1898, to gain access to the most
exclusive properties in Atlanta and for information on Non-Published Luxury
Foreclosure Listings in the Metro Atlanta Area or any Atlanta Gated or Golf and
Country Club communities. Raquel at (404) 748-1898 or email at Raquel@AtlantaLuxuryHomesandCondos.com
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Looking to Relocate or Invest in Atlanta, GA or the Buckhead area Real Estate? Wondering if the Atlanta Condominium market has stabilized? The Exquisite Atlanta Buckhead High-Rise Condominium market has turned around these recent months! So much so that, according to the National Association of Realtors (NAR) Statistics, property values in the metro Atlanta, Buckhead area has taken a nice turn. Although the Buckhead area is one of the most sought after areas in Atlanta due to its nice blend of mansions, new and establish affluent neighborhoods and Luxury High-Rise Condominiums. Familiar buckhead area streets and landmarks such as West Paces Ferry Rd where the Governor’s mansion is located and the new St. Regis Atlanta Residences, East Paces Ferry Road where the new Streets of Buckhead are being built. Tuxedo Road, West Wesley, Moores Mills, Jett Rd, Piedmont Road, Chastain Park, Wieuca, Lenox Rd, where you can find the Lenox Square Mall, stores such as Neiman Marcus, Bloomingdales and Macys, Peachtree Road where you can find The new W Hotel, The Mansion on Peachtree and Phipps Plaza Mall, which houses Barneys New York, Saks Fifth Avenue, Gucci and much more! The Buckhead condominium sells are leveling and not sitting on the market, and we are seeing fewer foreclosures! Buyers, who are still on the fence, asking the questions; is now a good time to buy? Is an Atlanta, Buckhead condo a good investment? Has the Atlanta Market Bottomed out? Can you still find great deals? The answer to all of these questions is, Yes. Yes, it is a good time to buy; Yes, Atlanta’s real estate market has pretty much bottomed out! Yes, you can now find great deals, However you must move quickly! We are seeing multiple offers on the really exceptional deals in the Buckhead Atlanta and Midtown areas. This is another signal for buyers to not place unreasonably low offers in the sought after communities. As a result, you must be assertive, aggressive and/or progressive in how you bid. This is a Grand opportunity for buying, especially if you are a first time home buyer. You want see opportunities like this again any time soon. Interest rates are still at a record low! You can get an $8,000 Federal Tax Credit + an additional $1,800 state of Georgia tax credit incentive from the Department of Treasury and the GA Department of Revenue. A total of $9,800! It's an awesome time also for non first-time home buyers as well, for those that are looking to move up to a new Home lifestyle or try the Condo lifestyle. Atlanta Buckhead Area Condos are HOT! Who’s buying these condos? A very diverse groups ranging from your young professionals to corporate executives, professional athletes and/or families who are moving from the suburbs of Georgia are buying condominiums. All find reasonable unmatched services and amenities as a result of moving to spacious condos in the Buckhead area. There are Lots of International and domestic relocation is going on everywhere, but Atlanta is especially pleasant due to its mild weather and bustling or busy party atmosphere and sprawling, yet tasteful restaurants and many business opportunities. There's always something to do. Some of the most requested prime real estate condominium communities which are still "hot" in this current market range from the low to Mid $100K to the Millions. The majority of these Towers both mid and high-rise were recently built with the younger buildings being built in 2004 and later. These include: Aramore; Buckhead Grand; The Cosmopolitan at Linbergh; The Eclipse; The Gallery; The Habersham on Buckhead; Hillside at Lenox; The Ovation; Paces 325; Park Regency at Buckhead; Peachtree Residencies Buckhead;The Pheonix; The Paramount; and Realm.
For the more affluent and Exclusive Luxury High- Rise communities and establishments include: St. Regis at West Paces Ferry; The Ritz-Carlton of Buckhead; Sovereign; The Mansion on Peachtree St.; and Terminus. Whether you are a Seller looking for someone to Package and Market your Condo for sale in the Buckhead or Midtown area, or you’re a Buyer looking for a change in Living, wanting to indulge the High-Rise Condo living. Or you are simply looking to buy an amazingly spacious Luxury High-Rise Condominium Home, Call me today. For all Domestic or International relocations, we can assist you in securing that Condominium home and assure your move is a smooth transition. Call or email me today. Raquel Twine The Twine Team (404)419-3657 or Info@AtlantaLuxuryHomesandCondos.com
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Have you ever visited "The Mansion on Peachtree?" It is a Hotel & Condo Residence where you can enjoy a piece of the good living with a starter price tag at $ 2.5 million and up. This Luxury High-Rise Condo/Hotel is located on Peachtree Street, and it is adjacent to the W Hotel, which is across the street from the Lenox Square Mall. It is a "Hot Spot of Sophisticated Nightlife," which features the plush life and is a "Posh Nosh" with live entertainment at the Mansion's Bar and Lounge. There you can find some of the world's finest Live Jazz on Thursday and Friday nights. See http://www.rwmansiononpeachtree.com/ Also, the luxurious Craft Atlanta Restaurant is at the Mansion on Peachtree as well. They feature all delectable delights you have just longed to crave!
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According to the Atlanta Business Chronicle, Buckhead is the “Shopping Mecca of the Southeast with 1,400 retail units and well over a billion in sales.” The Robert Report describes Buckhead as having “some of the most beautiful mansions, best shopping and finest restaurants” in the Southeastern United States. With its exquisite entourage of businesses and services, one can truly thrive in, around and throughout this bustling atmosphere. The possibilities and opportunities to succeed, grow, learn, and secure a piece of the American dream is inherent in all phases and corners of this business, education, entertainment and leisurely empowering district. For more information visit us, the Twine Team at www.atlantaluxuryhomesandcondos.com committed to service and elegance.
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Recently in 1980, Brookhaven community has been placed on the National Registry as a historic place. It is adjacent to Buckhead Community and borders Fulton and Dekalb counties. It is within the I-285 Perimeter. The Brookhaven community remains about thirty minutes from the Hartsfield-Jackson Atlanta International Airport, or roughly 15 miles. It is also surrounded by cities such as Dunwoody, Sandy Springs, Roswell, and Smyrna which are all near or within I-285. Historically speaking, Brookhaven has established and quaint mansions that surround numerous exotic houses and placid streets throughout these spectacular neighborhoods. All of this was laid out around one of the oldest Atlanta area country clubs and golf courses, the Brookhaven Country Club. This club still attracts many elite and mature memberships in Atlanta. Being designed by two Atlanta top former icons, the community is intertwined with businesses, shopping centers, hotels, fine dining, transportation venues, schools and every pleasantry to the spirit located within its borders. For more information visit us, The Twine Team at www.atlantaluxuryhomesandcondos.com committed to service and elegance.
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Vinings, within Smyrna of Cobb County and according to statistics in City-Data.com, is continuing to lead communities within the Perimeter near Atlanta, Georgia in terms of home sales. Vinings provide the corporate headquarters to Home Depot, which is owned by the Atlanta Falcon’s owner, Authur Blank. Recently, his “Majestic Estate” or “Estate of Grandeur” was on the Atlanta market, but it sold rather fast to another top-notch influential investor. So, why not shop the Vinings area or surrounding areas like Atlanta immediately? It is to great advantage to buy, sell, or relocate to such promising and upcoming markets with new constructions which centers itself on West Paces Ferry and South Atlanta Roads.
Vinings has quaint, yet sophisticated living of diverse demographics and reputable shops of business. It remains central to your transportation efforts, finding itself just 30 minutes shy of the Hartsfield-Jackson Atlanta International Airport, and 15 minutes from Buckhead. For more information visit us, the Twine Team at www.atlantaluxuryhomesandcondos.com committed to service and elegance.
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Builders everywhere are unloading luxury inventory at huge discounts. This is great news for those who always desired to live in affluent, gated communities in Country Clubs! Exclusive clubs, such as the Sugarloaf Country Club in Gwinnett County, St. Marlo in Forsyth, St. Ives in Fulton County, and the Country Club of the South in Gwinnett, all having many prosperous members sporting lavish mansions, where the builders are willing to resell these gorgeous mansions for you and your family that have been seen at over 150K below market value. They have built custom luxury dream mansions in these gated communities and in areas that continue to maintain prestige.
A lot of your favorite movies stars, politicians and Atlanta’s premiere citizens live in these suburban communities: Buckhead, Brookhaven, Vinings, Roswell, and many other neighborhoods in Cobb County, Dekalb County, Fulton County, Forsyth County and Gwinnett County, Georgia’s fastest growing county.
Notable streets and highways around these Country Clubs include: (St. Ives) Abbotts Bridge Rd. (HWY 120), State Bridge Rd., Medlock Bridge Rd. (HWY 141); (Country Club of the South) Old Alabama Rd., Jones Bridge Rd., Roswell Rd.; (St. Marlo Country Club) Old Milton Parkway, HWY 141, McGinnis Ferry Rd.
Securing real estate has an endless positive effect. Now is a great opportunity to take advantage of the significant tax incentive in purchasing these high-end mansions in the affluent communities. For more information visit us, The Twine Team at www.atlantaluxuryhomesandcondos.com committed to service and elegance.
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According to a recent report by Forbes magazine concerning employment and real estate, Atlanta is a market to significantly rebound in the near future, especially in 2009. The report suggests that Atlanta is ranked among the “Top 10 Best Places for Business and Careers.” “Common themes for the business-welcoming metros include: solid job growth, an educated labor supply and low business costs,” according to the article. Consequently, the market is ripe for this vibrant influx of workers!
Atlanta is known for its beautiful mansions and prominent Country Clubs including Sugarloaf Country Club, Country Club of the South and St. Ives, that are attracting some of the premiere people in the world. Among these are many famous prominent entertainers, professional athletes, politicians, and professionals of all walks of life. There is staggering growth in these areas such as Buckhead’s Rodeo Drive known as the Streets of Buckhead, becoming a Hot Spot and a Top Shop Mecca of the South. The retail space will include places like Hermes and Oscar de la Renta, and eateries like The Capital Grill. Of course, these fine dining and exclusive business districts surround the gorgeous mansions and country clubs which may include the familiar area Zip Codes: 30305, 30306, 30318, 30319, 30324, 30326, 30327, and 30342.
Atlanta is definitely the place to peruse high end premiere and luxury real estate that is very habitable, and that is providing immediate and long term security, and a stable arrival of pertinent cash flow. With endless attractions, stellar school districts (private and public), and an abundance of activities which make Atlanta a great place for real estate, why not buy, sell, or relocate to this city today?. For more information visit us, The Twine Team at www.atlantaluxuryhomesandcondos.com committed to service and elegance.
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