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Published on: Apr 11, 2013 @ 11:00

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We Appreciate Martin for His Help

We Appreciate Martin for His Help

Martin did an amazing job! We were not from the Atlanta area, so wanted to look at many homes in many parts of Atlanta; we had tight time windows to scout around. Martin was very patient, flexible, and showed us every home and community we inquired about. He always gave us the facts — good or bad. He pointed out issues on houses we may have overlooked. Martin was always on top of things. He treated us, the other agents and sellers with great respect, which helped during negotiations. It is clear Martin is passionate about what he does, experienced, and truly enjoys seeing his clients happy. We love our new home, and appreciate all Martin did to get us here.

Kirk Ott

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Metro Atlanta has spoken and Duffy Realty is 92% referred to friends and family for our $500.00 flat fee listing to sell a home that lasts until SOLD, now 8 years in a row. Over 1 Billion Dollars saved in Listing Fees and Over 14,000 listings has reigned Rhonda Duffy, top agent in Atlanta and the #1 Agent in Georgia and #6 in the U.S. for 6 years in a row! Browse the site and you will see many success stories of loyal Duffy clients and how they sold their home and saved a lot of money in the process. Visit https://duffyrealtyofatlanta.com/ or call 678-366-7846

What to do About ALL Those Requests from your Lender?!

What to do About ALL Those Requests from your Lender?!

Most home buyers go into the process of getting a mortgage thinking it’s not going to be easy.  But they still become offended at the type of information the lender requests.  Then they begin to resent it.  And even worse, when the lender appears to be asking for the same thing again and again, they become angry and uncooperative.

When the number of mortgage defaults starting rising, the big insurers Fannie Mae and Freddie Mac looked closer and found the reason:  substandard and fraudulent loans.  Since Fannie Mae and Freddie Mac purchased these loans with the understanding that these were solid loans, they forced the lenders to buy them back.  So instead of the insurers absorbing the losses, those losses went right back to where they started.  This has caused many lenders to go out of business and the remaining lenders to tighten their underwriting policies.

While it’s great and advantageous to have a large down payment, excellent credit, steady employment and sufficient income – these alone no longer guarantee loan approval.  What’s more important these days is being able to document, with hard copies, all the necessary criteria to meet the underwriting guidelines.  By going to great lengths to substantiate your ability to meet these guidelines, the lender removes the threat of being forced to buy back your loan should you default at a later date.  Hence, the innumerable and repetitious requests for documents.

At the time you first apply, your information is matched to the underwriting guidelines of a certain package the lender is offering.  The person collecting this information may be a broker, loan officer, mortgage consultant, etc., but their job is to assess the approvability of you for the particular loan package.  It’s called ‘papering’ the file – filling it up with the reams of information you provide.  This papering validates the information and ensures its accuracy.

The information collected will include your employment history, the field you work in and how long you’ve been in that field, as well as your current income and income history.  It will include an accounting of all of your financial assets and liabilities.  It will most certainly include your previous mortgage history.  The information collected by the loan originator is then handed off to the underwriter who gives the loan final approval.  Once the underwriter gets the file they can ask for any other information they feel is needed to document your ability to pay.

Now that you understand the why, it comes down to this… providing the information requested, and exactly the information requested and in a timely manner.  Do not fall prey to thinking you’ll give them what you think they need – or trying to withhold information because they’re being invasive.  If you want the loan, give   them    what     they     ask     for!

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Metro Atlanta has spoken and Duffy Realty is 92% referred to friends and family for our $500.00 flat fee listing to sell a home that lasts until SOLD, now 8 years in a row. Over 1 Billion Dollars saved in Listing Fees and Over 14,000 listings has reigned Rhonda Duffy, top agent in Atlanta and the #1 Agent in Georgia and #6 in the U.S. for 6 years in a row! Browse the site and you will see many success stories of loyal Duffy clients and how they sold their home and saved a lot of money in the process. Visit https://duffyrealtyofatlanta.com/ or call 678-366-7846

Valuable Education for First-Time Home Buyer

Valuable Education for First-Time Home Buyer

Jody was great to work with. She helped my daughter understand what to look for when going through a possible purchase. It was a great learning experience for both of us. My daughter is attending college at KSU. The past two years we were paying rent. We decided to look for possible houses to buy. That’s when we contacted Duffy Realty. Duffy Realty assigned Jody Harrell to be our agent. Jody did a wonderful job. We, my daughter and I, met Jody to view some houses. She had the homes mapped out with directions. This was a wonderful idea. The three of us sat down and discussed our likes and dislikes about the homes we visited. It was during this meeting, we went through the “Buyer Action Timeline”. This really assisted the process.

I want to personally thank Jody for her professionalism and kindness shown to us, especially my daughter who is a newbie to the home buying experience. What she learned during her time with Jody and this house buying search will prove very valuable to her in the future.
Jody – Thanks again. If anyone is looking for a buyers agent I’ll be sure to pass your name along.

Matthew Dolan

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Metro Atlanta has spoken and Duffy Realty is 92% referred to friends and family for our $500.00 flat fee listing to sell a home that lasts until SOLD, now 8 years in a row. Over 1 Billion Dollars saved in Listing Fees and Over 14,000 listings has reigned Rhonda Duffy, top agent in Atlanta and the #1 Agent in Georgia and #6 in the U.S. for 6 years in a row! Browse the site and you will see many success stories of loyal Duffy clients and how they sold their home and saved a lot of money in the process. Visit https://duffyrealtyofatlanta.com/ or call 678-366-7846

Great Job by Great Company

Great Job by Great Company

Thank you for your efforts in the sale of our property. From our many years of experience, we know that it takes a lot of time, effort, interest and just plain hard work to put together and close a transaction. We wanted to take the time to acknowledge and congratulate you for your contribution to this transaction. Great success in the future.

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Metro Atlanta has spoken and Duffy Realty is 92% referred to friends and family for our $500.00 flat fee listing to sell a home that lasts until SOLD, now 8 years in a row. Over 1 Billion Dollars saved in Listing Fees and Over 14,000 listings has reigned Rhonda Duffy, top agent in Atlanta and the #1 Agent in Georgia and #6 in the U.S. for 6 years in a row! Browse the site and you will see many success stories of loyal Duffy clients and how they sold their home and saved a lot of money in the process. Visit https://duffyrealtyofatlanta.com/ or call 678-366-7846

How Do Short Sales Work?

How Do Short Sales Work?

 

 

Being the number one short sale agent team in Georgia requires that we have a specific and precise process.  This process markets your home, prepares your statement to your lender,  and includes a partner law firm that negotiates on your behalf with your lender.  Your lender pays both our fees and the law firm’s fees because they don’t want to deal with you directly.  They require you to have assistance.

We have divided the job of getting your home sold as a short sale between the law firm and us.  Duffy Realty does the marketing of your home to find a buyer who is ready, willing and able.  The law firm’s job is to prepare and defend your case to your lender that you cannot afford to keep your home and your only other option is to foreclose.  But the lender really does not want to foreclose.

Ultimately, your lender wants you to do a short sale when you can no longer pay for your mortgage.  Having a short sale in process may delay foreclosure.   But to make the short sale process work, nothing happens until we get a buyer.Continue reading

Well-Guided House Purchase

Well-Guided House Purchase

Martin was my real estate agent. He did an excellent job in knowing information regarding the property and then assisting in getting vendors to assist with things like the inspection, mortgage loan, etc. He was always available and made me feel comfortable during the process.

Anitra Peten

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Metro Atlanta has spoken and Duffy Realty is 92% referred to friends and family for our $500.00 flat fee listing to sell a home that lasts until SOLD, now 8 years in a row. Over 1 Billion Dollars saved in Listing Fees and Over 14,000 listings has reigned Rhonda Duffy, top agent in Atlanta and the #1 Agent in Georgia and #6 in the U.S. for 6 years in a row! Browse the site and you will see many success stories of loyal Duffy clients and how they sold their home and saved a lot of money in the process. Visit https://duffyrealtyofatlanta.com/ or call 678-366-7846

Please Slap My Hand When I Spend Money!

For Generation X, I’ve noticed something over the past couple of years around money that seems to becoming a trend.    Even though you are college educated (maybe an MBA), have a great job as a …

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Duffy Helped Avoid Foreclosure

Duffy Helped Avoid Foreclosure

My husband and I recently used Duffy and successfully sold our home under a short sale!  We had fallen behind on our mortgage and were struggling making ends meet after my husband lost his job.  We feared having to let our home, which we had lived in for seven years, go into foreclosure.  Duffy helped us in ways that I never imagined possible!  I feel like our family has been given the chance to start fresh. We are now renting a home that we can afford and I am only 15 minutes  from my job! We couldn’t be happier! Vanessa was also a tremendous help to us.  She really makes it happen!  Thank you Duffy!!!!

Elle Mobley

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Metro Atlanta has spoken and Duffy Realty is 92% referred to friends and family for our $500.00 flat fee listing to sell a home that lasts until SOLD, now 8 years in a row. Over 1 Billion Dollars saved in Listing Fees and Over 14,000 listings has reigned Rhonda Duffy, top agent in Atlanta and the #1 Agent in Georgia and #6 in the U.S. for 6 years in a row! Browse the site and you will see many success stories of loyal Duffy clients and how they sold their home and saved a lot of money in the process. Visit https://duffyrealtyofatlanta.com/ or call 678-366-7846

Selling a Home with Duffy Realty is a No-Brainer

You save a substantial amount and you deal directly with the buying realtors, which I prefer over going through the selling realtor (simple stuff, like, when can we view the house, discussing the condition of the house etc.)  The negotiations still go through Duffy).  I sold my house within 2 months at a good price.  In my opinion, no other realtor could have done a better job and I saved $8,000!

Kevin