Real Estate Information

WEGO property management: atlanta, Georgia Property Management and Investment Management

WEGO Property Management, Atlanta, GA, was founded by Heather Stanton to provide property owners a high touch alternative to the over priced and unspecialized rental property and community association management in Atlanta. We focus solely on the management of Atlanta community associations, apartment complexes and investment property with a commitment to low prices, honesty, quality and reliability.  

WEGO Property Management: From the Founder, Heather Stanton

WEGO Property Management was created from the stress and frustration of trying to find an honest and cost effective property manager for my rental buildings in Atlanta. At that point in my life I didn't have the time required to properly keep my units fully occupied with good tenants, manage the long list of daily issues that arise, and ultimately make the "rental process" work for me. 

I conducted a thorough search of the Atlanta area for a rental property manager to handle all aspects of managing my rentals. The first thing I noticed was how difficult it was to find a property management company in Atlanta; the companies I did find required annual contracts and were only interested in my business if I had a large number of properties. Looking at the quality of the content on the company websites and discussing my situation with them on the phone left me uncomfortable that they could offer the level of service I required. 

Shortly thereafter I set out to build WEGO Property Management, a solid Georgia community association, apartment complexes and investment management company focused on the small to mid-sized market. WEGO Management's main objectives remain the following:

	Provide the industry's best customer service & support
	Offer the guaranteed lowest prices
	Rely solely on our results to retain our clients; no long term contracts
	Maintain a strong connection of industry professionals to provide maintenance & repair services for our clients
	Serve all clients with the utmost honesty & integrity

We rely heavily on your feedback to make changes to our process and add new offerings to our solution; please contact us with your thoughts or concerns at any time.  On behalf of all of us at WEGO Property Management I look forward to the opportunity of partnering with you!

Sincerely,

Heather Stanton, President
 

“Do not sign the title to your house away to anyone claiming they can help.”

real estate and Mortgage fraud are so rampant in atlanta that issuing warnings to homeowners is just one step the state is taking to lessen fraud. I am not going to give the details of fraud cases that have prompted the warnings because I don’t like telling people how others committed fraud.

Stopping Foreclosure by Reinstating the Loan

We teach investors how they can take over mortgages of owners in foreclosure by reinstating the loan. This is done by having the owner sign a Warranty Deed (giving me or an investor legal title to the house). The mortgage is left in place for the time being in the homeowners’ name. This stops the foreclosure for the owners, brings their loan current and once a new mortgage is obtained in my or an investors name, . . . it gives the homeowner a “paid mortgage” on their credit reports. That’s a great deal for someone who is days away from losing their house.

This plan actually leaves the owners in the house and does not increase their payments nor does it require any money from them.
This usually gets a lot of curiosity interest from investors wanting to know how it’s possible. However the purpose of this article is not to lay out the blueprint for the plan. The purpose is to show how to do legitimate business while staying away from fraud.

One major concern that surfaces when doing one of these deals where the mortgage is re-instated, left in the owners’ name and title is transferred, is the possibility of the Due on Sale clause coming up. Some investors say to put the title in a Land Trust but good luck getting a mortgage with the owners’ identity concealed.

How can you do such a deal while not raising any suspicion?
DISCLOSE! DISCLOSE! DISCLOSE!

First off, I tell everyone (and I do it myself) to urge the owners to have all documents reviewed by a real estate attorney of their choice.

THEN… I contact the lender that is foreclosing and explain the entire situation to them. Tell them EVERYTHING!
I contact the Loss Mitigation department and ask to speak to a Vice President or the highest ranking person in the department. I explain to them that I would like to reinstate the mortgage and plan to have the homeowner sign a Warranty Deed as my security. Once the loan is brought current, I intend to get a new mortgage within the next 120 days (which will then pay that lender off entirely). I tell them that I am aware such action could warrant them invoking the Due on Sale clause (and they are quick to agree). I then ask them if my plan is acceptable to them and ask for their assurance that they will not exercise the Due on Sale if I proceed. To date, only one lender has told me they would call the loan if I did that.

To summarize the scenario:
The homeowners get to stay in their house, they are not required to come up with extra money to do this and the past due balance is wiped clean. They are able to start fresh with their payments. The reassuring part for the homeowner is they feel safe and secure with the deal because they know their own lender has given their blessing and in the end, there is no reason for them or the lender to suspect any fraud or wrongdoing.

The lender has no reason to question any part of the deal because they were informed up front and allowed to say yes or no. Most lenders are all for such a scenario because they go from nearly adding a house to their REO pile to being paid in full within a few months.

$459,000.00

Air Conditioning Amenities: Street Lights Back Yard Balcony Basement: Daylight Basement: Finished Rooms Basement: Full Basement: Bath Finished Cathedral Ceilings Central Air Construction: Brick 4 Sided Cooling: Central Deck Dishwasher Downstairs Bedroom Energy: Certified Good Cents Energy: Double Pane Energy: Insulation-Ceiling Energy: Insulation-Floor Energy: Roof Vent Fans Energy: Storm Windows Energy: Water Heater-Gas Energy: Certified Energy Wise Energy: Double Pane Equipment Incl: Microwave Built In Equipment Incl: Range/Oven Exterior: Garden Area Exterior: Porch Exterior: Deck/Patio Fireplace Fireplace Location: In Basement Fireplace Location: In Great/Family Room Granite Counters Hardwood Floors Heating: Central High Ceilings High Speed Internet In a subdivision Interior: Cable In Street Interior: Ceilings 9 Ft Plus Interior: Ceilings-Trey Interior: Foyer-2 Story Interior: Foyer-Entrance Interior: Hardwood Floors Interior: Vaulted Ceilings Interior: Wall-To-Wall Carpet Jet Tub Kitchen/Breakfast: Pantry Kitchen/Breakfast: Breakfast Area Kitchen/Breakfast: Breakfast Bar Kitchen/Breakfast: Island Large Closets Large Kitchen Laundry Location: Upstairs Laundry Room Like New Lot Description: Level Lot Description: Private Backyard Lot Description: 1-2 Acres Microwave Pantry Party Room Plantation Shutters Porch Range Rooms: Family Room Rooms: Great Room Rooms: Lr Separate Sprinkler System Tile Flooring Washer/Dryer Hookups

$465,000.00

# Fireplaces: 1 Amenities: Golf Course Amenities: Lake Amenities: Neighborhood Assoc. Amenities: Park Amenities: Physical Fit Facilities Amenities: Playground Amenities: Pool Amenities: Sidewalks Amenities: Street Lights Amenities: Tennis Courts Amenities: Underground Utilities Amenities: Clubhouse Assoc Fee Incl: Reserve Fund Assoc Fee Incl: Facilities Fee Assoc Fee: $475 Basement: Concrete Basement: Daylight Basement: Entrance Inside Basement: Entrance Outside Basement: Full Basement: Bath Stubbed Construction: Brick 4 Sided Cooling: Central Cooling: Zoned/Dual Cooling: Electric Energy: Double Pane Energy: Insulation-Ceiling Energy: Insulation-Floor Energy: Water Heater-Electric Energy: Clock Thermostat Equipment Incl: Alarm-Burglar Equipment Incl: Alarm-Smoke/Fire Equipment Incl: Dishwasher Equipment Incl: Disposal Equipment Incl: Icemaker Line Equipment Incl: Microwave Built In Equipment Incl: Wall Oven Equipment Incl: Cooktop Separate Exterior: Sprinkler System Exterior: Deck/Patio Fireplace Location: In Great/Family Room Fireplace Typ: Factory Built Heating: Central Heating: Forced Air Heating: Zoned/Dual Heating: Gas Home Warranty: Y Interior: Cable In Street Interior: Ceilings 9 Ft Plus Interior: Ceilings-Trey Interior: Foyer-2 Story Interior: Foyer-Entrance Interior: Hardwood Floors Interior: Pulldown Attic Stairs Interior: Vaulted Ceilings Interior: Wall-To-Wall Carpet Interior: Whirlpool Bath Interior: Cable Tv Connections Kitchen/Breakfast: Pantry Kitchen/Breakfast: Breakfast Area Lake/River: Other Lake Laundry Location: Other Laundry Room Lot Description: Golf Course Lot Description: .5-1 Acre Roof: Composition Rooms: Family Room Rooms: Lr Separate Rooms: Master On Main Level Rooms: Dr-Separate Unit: Na Water/Sewer: Sewer Connected Water/Sewer: Public Water