Tenants Rights. Roswell, Do You Know Yours?

I keep hearing these horrible stories of people who are renting a home and making their rental payments to their landlord in a timely manner.  Then, the tenant learns that the landlord hasn’t been paying the underlying mortgage on the home they’re renting.  Most likely, the rental payments went towards another obligation owed by the owner of the home.  Foreclosure ensues and you’d think that the tenant is out of luck, right?  So wrong!  Tenants have rights, and in this situation, if the tenant can show the foreclosing bank a copy of the lease and proof of their timely rental payments, the bank must honor the current lease.

Mortgage Rates Are Back Below 5%

Long-term mortgage rates are back below 5 percent, according to Freddie Mac’s weekly rate report.  The average rate on a 30-year fixed-rate mortgage fell to 4.97 percent in the week ending Feb. 11, down from 5.01 percent last week. A year ago, 30-year mortgages were averaging 5.16 percent, said Freddie Mac, which has a regional office in Atlanta.  It is the third week this year that long-term mortgage rates have dropped below 5 percent.  The lower interest rate calculates to thousands of dollars in interest savings over the term of your loan.

Load Up the Car Roswell..It’s Time for Shredfest!

It’s that time again, time to gather all your sensitive documents and head to the Roswell Recycling Center to have them shredded before your very eyes.  And it’s FREE!  This popular event is scheduled for Saturday, February 13th from 8:00 a.m. to 12 noon.

Examples of sensitive documents include old tax returns, junk mail and dated documents with personal information, old pay stubs, etc.  There is a limit of five boxes or 200 pounds of paper per vehicle.

Event is open to Roswell and non-Roswell residents.  The Recycling Center is located at 11570 Maxwell Road on the corner of Maxwell and Hembree Roads.                   

Roswell, Is It Time for a New Fridge?

Effective this Friday, February 12th, $8,642,490 in appliance rebates will be offered to Georgia residents.

Georgia residents who replace an existing appliance with a new Energy Star qualified appliance purchased after February 12, 2010 are eligible to apply for the rebate. Rebates are paid to the approved applicant in the form of a Visa Prepaid card.

Residents can apply for one rebate per category per address up to $1,200 total. Eligible categories are household appliances such as refrigerators, dishwashers, air conditioners, hot water heaters, etc.  You can get a $50 rebate for a refrigerator, up to $99 for a dishwasher and $199 for a gas furnace to name a few.  Since this is a first-come-first-served program, once the funds run out the program is over. 

Experience Roswell’s Magnolia Walk

Within a short walking distance to Historic Roswell’s shops and restaurants, is lovely Magnolia Walk.  This small, quiet community has just 52 houses.  Built in the late 1990’s by Ryland, the homes in Magnolia Walk are mostly traditional architecture.  

Prices in Magnolia Walk range from high $200,000’s for a home on a slab to mid $300,000’s for a home on a basement.   There were 3 sales last year in 2009.  Two homes on slabs sold for an average of $275,000. The other home was on a finished basement and sold for $330,000 in 17 days.  The seller received 99% of their asking price.