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Fulton County Homestead Exemption Deadline is April 1

Fulton County Homestead Exemption Deadline is April 1

Fulton County, GA--  (submitted by Fulton County)  The Fulton County Board of Assessors reminds property owners that April 1, 2011 is the deadline to file for homestead exemption. The basic homestead exemption amount increased from $25,000 to $30,000 for the 2011 tax year. If you are currently receiving the basic homestead exemption, you do not need to reapply unless there is a change of ownership on the property. The increased amount will automatically be granted to homeowners who are currently receiving this exemption and to first-time applicants who qualify.

To qualify for any exemptions, you must own and occupy the property as your primary residence as of January 1, 2011 and be a permanent legal resident of Fulton County. You also are required to present a valid Georgia photo identification and provide a current copy of your Fulton County vehicle registration.

College Park Library to Host 2nd Workshop to Educate Seniors Citizens about Homestead Exemption

College Park Library to Host 2nd Workshop to Educate Seniors Citizens about Homestead Exemption

Fulton County will host a workshop on Wednesday, February 23, 2011, from 6:30 p.m. to 7:30 p.m. to inform seniors of the Homestead Exemptions that can lower their tax bills. The session is the second of four meetings to be held across Fulton County.

The workshop entitled “Home Sweet Home” Important Tax Exemption Information for Senior Citizens is sponsored by the Fulton County Department of Housing and Human Services Office of Housing and Community Development, Metro Fair Housing and the Atlanta/Fulton County Public Library’s College Park Branch. 

A representative from the Fulton County Community Action Authority agency will also attend the College Park meeting to discuss available resources to help residents with energy bills.

The workshop will be held at the College Park Library located at 3647 Main Street in College Park.

Fulton County Will Offer Housing Rehab Assistance

Fulton County Will Offer Housing Rehab Assistance

Atlanta, GA--  Homeowners in need of a loan to fund repairs to "substandard residential properties", have until March 31st to submit their Pre-Application for assistance.  Due to a federally funded program the Fulton County Department of Housing and Human Services can offer county residents assistance in the form of a grant or loan.

Homes are eligible for County assistance if they are located in the unincorporated areas of the County or in one of the nine (9) participating municipalities (College Park, Hapeville, Union City, Alpharetta, Roswell, Mountain Park, Fairburn, East Point and Palmetto).  

Metro Atlanta Home Values Sink to 2000 Levels

Metro Atlanta Home Values Sink to 2000 Levels

ATLANTA -- The S&P Case-Shiller Index, released last week, shows home sale prices in Metro Atlanta are where they were 10 years ago.

A trip to one in-town neighborhood highlights the slipping values.

A tidy, freshly painted craftsman style bungalow sits across the street from the Zoo Atlanta with a sweeping view of the park. It's prime real estate for Grant Park, but the value of this house, like many houses across Metro Atlanta, has been steadily falling. Owners bought the home in 2002 for $266,500 but Fulton County tax records appraise it today at just $230,000, an $80,000 drop in value from 2009.

Sliding home values have landed Metro Atlanta back where it was exactly a decade ago. Whatever you paid for your house then is hopefully what you can get for it now.

Loan Modification Could be Good, but Short Sale is Better says 1 Expert

Atlanta, GA--  As more and more Atlanta homeowners find themselves in financial distress and are forced to make tough decisions regarding their homes and specifically their dropping values and ballooning mortgage payments, we turned to a housing expert to help us navigate this complex situation.

Marian Anthony is a real estate finance expert and author of Short Sale RUSH- A How To Guide for Nonperforming Assets.  According to Marian, a Short Sale is more advantageous than a Loan Modification or a Foreclosure because "the reduced payoff in a short sale releases you from the debt obligation." He states that a foreclosure will ruin the homeowner's credit, and "a loan modification actually builds a debt trap around the borrower, milking them for every last nickel."

With so much information and marketing dollars being spent on homeowners getting into Loan Modification programs which may keep you bogged in debt for years, take Marian's su