If you really want an experienced agent in this field then call my partner Pierre King, he has successfully closed many short sales and he knows the process and how to negotiate with the banks.

You can reach him by texting or calling him at 917-407-6697. Read more about Mr. King at http://www.KandHhomes.com/aboutPierreKing.htm

Rhonda Holt
Full Time Top Sales Agent
Specializing In Co-ops and Home Sales
Weichert Realtors, H.P Greenfield
Brooklyn, New York
Cell: 646-725-5941
My Site: http://www.KandHhomes.com
Email: HelpMeRhonda1919@Yahoo.com
*JOIN ME ON TWITTER.COM AT: http://www.twitter.com/helpmerhonda09

Dear Tegan:

Your best bet would be to speak to a mortgage broker to see how much you are qualified to purchase and then see if you can afford the house. You should also speak to a good real estate attorney ASAP.

If I can be of any assistance, please let me know. Good Luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/Director of Sales
Madison Estates & Properties, Inc.
Phone: (718) 645-1665
Email: MitchellSFeldman@aol.com

Hi Tegan,

I am so sorry to hear about this situation, and I'd very much like to help you.

Please give me a call at 917-544-2662 so we can discuss your options. As a local agent, I can give you a comprehensive analysis of how much the property is worth as well as help you through the home buying process. I look forward to hearing from you.

Elaine Cooper
Licensed Realtor(r)
Weichert HP Greenfield
850 Fulton Street
Brooklyn, NY 11238

718-338-3380 office
917-544-2662 cell

Hi Tegan,

First, you need to determine how much you can qualify for on a mortgage. You will need to have at least 3.5% of the sales price for a down payment, plus the prepaids (1st year home owners insurance, escrow funds). If you live in the city of Atlanta, you may be eligible for down payment assistance but that will probably take too long and the house will go into foreclosure. If you give me the address, I can see when the house is scheduled to go to auction on the courthouse steps. You are eligible for the $8,000 tax credit since you are a first time home buyer.

You also need to determine a sales price with the owner. The tricky part here is determining if there are any liens on the property. If you purchase this home, I strongly suggest you get title insurance to protect yourself from any liens or judgements against the current owner.

If you would like, you can call me after 9:00 a.m. and we can discuss your options. You can reach me at (404) 290-8907.