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Banks Offering Incentives to Sellers in Short Sales

Banks Offering Incentives to Sellers in Short Sales

If you or someone you know is facing the loss of their home you should know that lenders are now, more than ever, offering incentives to Sellers to complete a short sale. Homeowners should speak with their lender to see which programs they qualify for.The most common incentive program is HAFA. Sponsored by the government, HAFA will give eligable homeowners $3000 at closing to help with moving and other expenses. It also protects the Real Estate Professional's commission and forgives the Seller of the debt. The homeowner will receive a 1099-C for tax purposes.

For individuals not eligable for HAFA some lenders are offering alternatives. One example of this is Bank of America's co-op program for sellers. They will allow up to $2500 to the Seller at closing to help with expenses.

Georgia Senate OK's plan to pay off unemployment debt

Georgia Senate OK's plan to pay off unemployment debt

ATLANTA (AP) -- After nearly two hours of debate, the Georgia Senate has voted to approve a proposal that would reduce the number of weeks people could collect unemployment.

The measure was passed by a 34-13 vote split along partisan lines. The plan also reduces the amount employers would have to pay to tackle a $736 million debt the state owes on federal funds used to pay unemployment benefits in recent years.

The proposal would repay that debt by 2014 and replenish the state's unemployment trust fund by 2016 to $1.1 billion. Supporters argued the plan was painful but necessary, and shared the burden among businesses, the unemployed and the state.

While Democrats agreed action was necessary to repay the debt, several blasted the plan as potentially unconstitutional and harmful to the unemployed.

My Damage Survey of the Rome Tornado

My Damage Survey of the Rome Tornado

At approximately 10:04 a tornado touched down in Rome, GA.... It traveled around 3 miles with around 95mph winds and at one point it was around 75yards wide. Not a very wide or long tracked tornado, but if you were hit by it it was life changing. I headed up to Rome yesterday to survey the damage myself to see what I thought since the NWS had just issued a statement that it was an ef1. This will be an analysis of what I saw and my conclusion.

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Storms Moving SE/Temps Dropping

Storms Moving SE/Temps Dropping

After wall to wall coverage with tornado warnings this morning, we aren't really getting too much in the form of damage reports.  Only a few trees and tree limbs down mainly south and east of Atlanta. 

The storms continue moving to the south and east and will push away during the afternoon.  The tornado watch remains in effect until 4pm, however, I expect many counties in the metro area to be removed from the watch at any time.

Restoring hope in ATL's Pittsburgh community

Restoring hope in ATL's Pittsburgh community

ATLANTA -- Residents in the Pittsburgh section of Atlanta say it shouldn't have taken a vicious videotaped beating earlier this month to get the kind of police saturation that it had Thursday.

After all, the community has been dealing with crime and blight for years.

RAW VIDEO | Brandon White news conference
PHOTOS | Violent video posted online
TEAM COVERAGE | Investigating gay bashing attack on Brandon White

New African Grove Theatre Company Presents “Pill Hill” at SW Arts Center

New African Grove Theatre Company Presents “Pill Hill” at SW Arts Center

 

WHO:              Fulton County Arts & Culture

WHAT:             The Fulton County Department of Arts and Culture’s Southwest Arts Center Performance Theater & Gallery in partnership with New African Grove Theatre Company present Pill Hill written by Samuel L. Kelley and directed by Synthia Williams. Set in Chicago in the volatile time period from 1973 to 1983, Pill Hill simmers with the energy of six African-American mill workers searching for the elusive American Dream.

WHEN:            February 24 -26, 2012

                        Friday, February 24, 2012 8:00pm