Bank of America to Reduce Mortgage Balances

Bank of America announced Wednesday that it would introduce a program to help distressed borrowers from losing their home. The program focuses on loan modification for those who have experienced a hardship, yet continue to make payments over a period of time. The article below does a great job of explaining all of the details of the program, and outlines the situation at large.

While not perfect, it's another way lenders are trying to limit the amount of foreclosures. By avoiding foreclosures, banks are taking short losses today in hopes of avoiding devastating losses down the road. Efforts like these are being encouraged by the government and community organizations alike in an effort to stabilize home prices and neighborhoods, protect homeowner's credit, and minimize losses suffered by lenders.

New York Times Article

Amazing Inman Park Townhome

Our newest listing is an unbelievable townhome in Inman Park. I say unbelievable because everything about it - from the finishes inside to the views of the skyline from the rooftop deck - is top notch. While every aspect is great, the top floor really sets this home apart. It has a media room, wet bar, and a rooftop deck which is a great place to relax and watch the city, the stars, or the flat panel tv!

More pics...

Grant Park Bungalow Renovation - Week 8 & 9

Sorry for the delay on this post. Now is not the time for me to fall behind because lots of work has been completed. This is the point of the renovation when things happen quickly.

Notice anything different about the front of the house? That's right! No front porch! The enclosed front porch has been torn off and will be rebuilt to its original state, an open front porch.

The original wood siding is in decent shape. Any rotten wood is being replaced with new wood. The great thing about wood siding is that it is pretty easy to match. Once everything is scrapped and painted, you won't be able to tell the difference between the old and new.

Here is a close up of an original window. This house is in a Historic Distric, so any changes to an exterior side that faces the stree must be approved by the Urban Design Commission. They want to keep the house as original as possible to maintain the character and feel of the neighborhood. In this case, that means keeping the original windows on the front and side.

On the back and one side the windows are being replaced to improve the energy efficiency. The new windows look just like original windows!