David Phillips' Blog: All Categories

This might be a bit off topic for a real estate blog.  That is, unless you happen to track all of your real estate transactions and financials on your laptop.  Additionally, you think that backing up your data SEEMS like a good idea but is truly a hassle since you just don't have the time.  Ya, me too...

Don't panic!  Something like 85% of all hard drive failures are recoverable. 

Now, my next big question is not really a question, but perhaps you will get the point.  When driving, do you ever feel like you are the unwitting victim of too many red lights?  That on a fair bet (50/50) you don't seem to eek out in the win column?  Maybe you ask yourself, just once in a while, "why me?"  Ya, me too...

So, as it turns out, data recovery is a touch…

I do a lot of work online.  Developing my real estate website is one of my primary tasks.  As a result, I track several metrics while trying to figure out how people are finding me online.  Turns out, I am usually in the top 10 for "David Phillips."  Now is it because everyone knows me?  Or perhaps everyone knows at least one of us and wants to know more.  After using this little tool, I am starting to think that I am not quite as popular as my ego would like me to believe!

HowManyOfMe.com There are
5,378
people with my name in the U.S.A. Read Full Post

When it comes to buying and selling your home, there is one important factor that needs to be answered right away; What is my home worth?  Never an easy question for Buyers, Sellers, or real estate agents, this is the focal point of any movement in a real estate transaction.

To get you started, we have taken the time to list some of the most popular subdivisions in Cobb County along with the approximate sales range (actual homes sold) and relevant HOA link to the community (if available).  This list is rather extensive and won't fit into a blog entry, so please visit our website using the reference link below titled "Cobb County Real Estate."  Don't see your subdivision?  Make a suggestion on the "Contact Us" page and we will add it to the…

In response to my post from yesterday, Ryan Ward shot me an email discussing some of the finer points of investment real estate.  He asked an for an opinion and I fired back with a response based on what I know about the goings on in the area of Cobb County foreclosures.  I reviewed my answer, asked his permission, and figured others might enjoy reading a portion of our correspondence.

Ryan:  "So do you think that inventories are going to continue to rise and prices fall across the board. I know that condos and new homes are hurting pretty bad. What’s your prediction?"

Me:  "Just my opinion, of course, but this is what we are seeing in Cobb foreclosures.  The properties are being released quicker to the market as they scramble to liquidate…

First off, thanks to Ryan Ward for helping me to publish this chart.  I have been collecting this data for years and just couldn't figure out how to convert my spreadsheet into an image suitable for uploading.  The solution was elusive and he explained it in about one sentence.  Thanks Ryan.

OK, on to the data.  We were looking forward to a slow May at the auction, but you can see that it will be anything but slow.  There aren't as many investors as in past years, but it certainly isn't due to the supply of foreclosures in our county.  Most people don't have the means to participat in a Georgia non-judicial foreclosure auction since the purchaser must pay for the property in cash. 

This limitation gives birth to the notion of wholesale investment…

Here is a quick summary of the article in case you just don’t have the time.  Too many people are going straight into foreclosure without even attempting to sell their home.  If you get it, then no need to read further.  For the rest of us, here is the long version:

I get more calls than you might believe from distressed home owners wanting to know the ramifications of bankruptcy or foreclosure on their credit.  The short answer is that it is devastating (actually, that will work for the long answer as well).  After some probing questions, I can usually figure out if a foreclosure is forthcoming or if it is something that can be put off for a while.  Most of the time, with some guidance, it can be postponed for more favorable alternatives.

There is no…

This can best sum up this entire article, “if you don’t pay your mortgage, you will lose your home.”  That’s pretty much it.  Sorry. 

If you are in need of help, please read on.  This should at least be a good start on what NOT to do and might even help prevent you from slipping even further into debt.

Understand that there are several scams out there looking to take the very last dollar in your wallet, while promising to save your home from foreclosure.  Sound too good to be true?  Guess what I am about to say… anybody?  It is too good to be true!

There is no magical document that will hide your identity (Land Trust) or remove you from liability to the lender (Quit Claim Deed).  Mortgages are perfectly legal so don’t bother paying for…