This property is listed by my broker, and is owned by a bank. The purchase of this property MAY be easier than purchasing a short-sale, as the price has been agreed to by the bank. It could rise if multiple bidders submit offers. Please give a call if you want more info, or to take a look. Thanks!
Rick Hamilton, REALTORÂ®, CDRS, CREO, ABR, CRC, CRS, SRS, SRES, MBA
RE/MAX METRO ATLANTA
1189 S. Ponce de Leon Ave NE
Atlanta, GA 30306
If you considering purchasing a foreclosure (also known as â€œREOâ€ properties), know that HUD, Fannie Mae, and Freddie Mac own the majority of the foreclosures in the U.S. If you would like to view the homes that are currently available through these entities ON A MAP, you can see the inventory here: http://www.huduser.org/REO/reo.html
This website, called the REO Portal, contains all REO properties publicly marketed through Fannie Maeâ€™s HomePath.com, Freddie Macâ€™s HomeSteps.com and FHAâ€™s HudHomeStore.com websites and the data is updated on a weekly basis
It is important to know that the real estate professionals associated with these properties are â€œlisting agentsâ€ and are there to represent the seller. You should seek out the help of a â€œsellingâ€ or â€œbuyerâ€™sâ€ agent who can help you negotiate the terms of a purchase contract if you wish to place an offer on one of these homes. Know that if you want to place an offer on a HUD foreclosure you HAVE to have a â€œregisteredâ€ real estate professional submit the offer on your behalf.
Many of these homes would benefit from a Renovation Loan like the FHA 203(k) program. This mortgage program allows the buyer to purchase a home with FHA financing and then have the home renovated after closing. You can view more information on Renovation Loans here: http://www.renovationloanguy.com.
Best of luck to you during your home search!
Thanks for contacting us through Trulia!
I do a lot of REO work in the VA Highland, Midtown, and Buckhead areas. If you'd like to chat some properties in these markets, I'd be more than happy to answer any questions you may have.
As far as 560 Marietta Street, I'm not sure why agents are giving you a cold shoulder, but I'd be happy to give you information on this property. The crime rates on this particular stretch are not very desirable, so that may have some influence on agents being apprehensive to show it.
Just shoot me an email or give me a ring tomorrow morning.
Michael J. Fischer
14 West Realtors
I have been in the business since 1999, and am patient and eager to work with the foreclosure process. I can send you some references as well. My office is in Downtown Atlanta, right in Inman Park.