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Safe ActCongress has reacted to the financial meltdown in the housing sector in a number of interesting ways. Very few of them, I feel, are likely to actually deal with the root issues of why the bubble grew so much in the first place. In 2008, the US Congress passed the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Also called SAFE Mortgage Licensing Act or simply the SAFE Act).  The main purpose of the act was to restrict the ability to make mortgages to those that are licensed by the state. Georgia incorporated the SAFE act into law in 2010 with an update to the Georgia Residential Mortgage Act (Called GRMA) that can be found in O.C.G.A. 7-1-1000 and following to about 7-1-1018. The changes to the law have significant impact on investors who buy real property in Georgia and sell it using owner financing.

The first and easiest thing to note is that there are no changes when the purchaser is an investor. The law does not attempt to restrict buyers who are also investors. If you are an investor-to-investor seller of property, you need read no further and be glad that this is the case. Read More→

Atlanta REIA is an Atlanta Georgia Real Estate Investors Association, but is not the same as the Georgia Real Estate Investors Association, Inc. (GAREIA.ORG). Atlanta REIA is a totally separate Atlanta Georgia Real Estate Investors Association from the Georgia Real Estate Investors Association, Inc.

Some people ask if we are a Georgia Real Estate Investors Association subgroup or subchapter, but we are NOT. Atlanta REIA is NOT a subgroup or subchapter of the Georgia Real Estate Investors Association, Inc. Atlanta REIA is completely independent from Georgia Real Estate Investors Association and always will be.

Others ask if we are a splinter group of Georgia Real Estate Investors Association, but we are not… not really. While it is true that we formed several REIA groups due to our own personal ambitions, we wish to remain close allies with Georgia Real Estate Investors Association and help the organization and its membership while having the flexibility of doing our own thing. Read More→

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