Foreclosure in Atlanta : Questions & Answers

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David Chiles, Real Estate Pro in Los Angeles, CA
David Chiles answered:
facts about foreclosure
Foreclosure:

The Foreclosure process starts when a homeowner cannot pay the mortgage and ends when the home is resold. The three stages of Foreclosure are: Pre-Foreclosure, Auction, ... more
0 votes Share Flag Thu Nov 11, 2010 Foreclosure in Atlanta
davidwbrower, Real Estate Pro in Woodstock, GA
davidwbrower answered:
Am I obligated to pay rent?
This is a perfect example of while, even when entering into a lease, you should be represented by real estate. For 3 years now I have been including a clause in my leases for provision ... more
0 votes Share Flag Sat Oct 23, 2010 Foreclosure in Atlanta
James Dudley, Real Estate Pro in Suwanee, GA
James Dudley answered:
What do lenders do re: my primary residence when 2nd home is foreclosed. What financial steps may they take? I'm 71, live alone & on a
Why not try renting the home?

If you have owned it for 23 Years I imaigine you could rent it for at least what your monthly payment is and avoid foreclosure.

Hire a property man ... more
0 votes Share Flag Sat Oct 23, 2010 Foreclosure in Atlanta
Joseph Beauv…, Real Estate Pro in Cape Coral, FL
Joseph Beauvais answered:
An agent has a house for sale. I have put in an offer but they never give us any answers!! They say it's a
It has been my experience, as an exclusive buyers agent, that not all offers are submitted with all the attatched documents. Reason: The listing agent has a lower offer but will double, ... more
0 votes Share Flag Thu Oct 7, 2010 Foreclosure in 30324
James Gordon…, Real Estate Pro in Cincinnati, OH
James Gordon ABR PBD SFR SRS answered:
Does HUD also take highest/best offers? What's a good way to secure a HUD home if there are multiple offers?
Hud does not do multiple offer notices. The best way as an investor is go in at your no regrets price. Wait until the investor bidding period opens and make your offer the first day. Pu ... more
0 votes Share Flag Sat Oct 2, 2010 Foreclosure in 30310
Lee Taylor, Real Estate Pro in Decatur, GA
Lee Taylor answered:
what is avg rental in west end, atlanta for 3br/2bth?
Eric is right, and I'll add that the West End is a street by street neighborhood for sure. Just this year, at the dead end on Westmont, I saw a recently built single family home, abando ... more
0 votes Share Flag Mon Sep 13, 2010 Foreclosure in Atlanta
Keith Howell, Real Estate Pro in Buford, GA
Keith Howell answered:
Is it better a deal when buying a bank owned home or wait to negotiate with the new puchaser (developer) that's buying the whole development?
I agree about working with a buyers agent. Consider also that buying a bank owned home inherits potential problems that could delay the closing. Usually a developer is on sight to fac ... more
0 votes Share Flag Fri Sep 10, 2010 Foreclosure in Atlanta
Paul Renton, Real Estate Pro in Alpharetta, GA
Paul Renton answered:
Anyone familar with the development that isbeing built behind the Rosegood subdivision near Grant Park?
I have had listrings in there for investors prior to them beeing foreclosed on. There was a push to renovate the immediate area. After speaking with the local housing authority they sai ... more
0 votes Share Flag Wed Aug 25, 2010 Foreclosure in Atlanta
Bryan Furse, Real Estate Pro in Atlanta, GA
Bryan Furse answered:
i want to start a company that cleanes forcolsed bank own homes how do i get started
I would advise going in through the REO/BPO companies... they are always looking for folks like yourself.

I would be happy to help you further, if you want to send me an e-mail: bry ... more
0 votes Share Flag Mon Aug 16, 2010 Foreclosure in Atlanta
Cassandra Bl…, Real Estate Pro in Atlanta, GA
Cassandra Black, Consultant answered:
How much should I charge for an initial foreclosure cleanup and routine services on a 3,000 square ft home?
Don has given you a super formula below for hard pricing. Also, there are many valid, soft factors to consider when pricing your foreclosure cleanup job to remain competitive and keep y ... more
0 votes Share Flag Mon Aug 9, 2010 Foreclosure in Atlanta
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
My townhouse is going into foreclosure in Atlanta. I am wondering if the second lien holder is likely to try to get a judgement against me.
If teh foreclosure takes place, the second lein holder is wiped out, they will then assess if you have the asets or teh ability to recover the money, if so they will try and collect fro ... more
0 votes Share Flag Wed Aug 4, 2010 Foreclosure in Atlanta
Rob Whitfiel…, Real Estate Pro in Roswell, GA
Rob Whitfield-Broker/Inspector answered:
Cash vs. financing: I am putting in an offer on a foreclosed property (REO) and know that another offer is on the table.
Are you working with a Buyer Broker? Cash is far superior to financing on REO deals and I have done many. On top of that, you save all the lender fees so closing costs will only be a fe ... more
0 votes Share Flag Fri Jul 23, 2010 Foreclosure in Atlanta
Thomas Tolbe…, Real Estate Pro in 31410
Thomas Tolbert answered:
How can I find a good real estate agent experienced in foreclosures?
Sakura it looks like posting your question on Trulia did the trick. It looks like you have some great responses from a number of experienced foreclosure agents in the Atlanta area. Go ... more
0 votes Share Flag Thu Jul 22, 2010 Foreclosure in West End
Ken Cook, Real Estate Pro in Atlanta, GA
Ken Cook answered:
What is a quick sale for a home and how does it work? Will it ruin my credit?
The video linked below is a very basic explanation of short sales. Your hiccup is that you have converted it to a rental property. Not as likely to be approved for a short sale if at al ... more
0 votes Share Flag Thu Jul 15, 2010 Foreclosure in Atlanta
Rob Whitfiel…, Real Estate Pro in Roswell, GA
Rob Whitfield-Broker/Inspector answered:
What % of listing price are foreclosures selling for in Buford, GA? How quickly after you submit an offer will the bank decide?
Hi Meg,

I have experience with distressed properties and you really can't determine what each bank will accept - they are all different and it depends on how long a home has sat ... more
0 votes Share Flag Thu Jul 1, 2010 Foreclosure in Atlanta
Pat and Steve…, Real Estate Pro in Westlake, OH
Pat and Steve Pribisko answered:
Hi, I am a nonresident noncitizen living in Mumbai, India looking to buy a property in Atlanta. Can somebody help me with foreclosure?
Richa:

As a nonresident alien, you will only have the opportunity to see your property 2 months per year (with a visitor's visitor"s visa). If you do not have friends or r ... more
0 votes Share Flag Fri Jun 18, 2010 Foreclosure in Atlanta
Greg Rayford, Real Estate Pro in Atlanta, GA
Greg Rayford answered:
I live in atlanta a house built in1960, so many reapirs needed. I was offered a modification on my 1st loan for 988.00 mthly, the 2nd has been
If your loan Modification does not work out, Please call my Real Estate team and we will assist you as much as we can , A short-Sale might be an alternative, visit : www.AtlantaRealEsta ... more
0 votes Share Flag Wed Jun 2, 2010 Foreclosure in Atlanta
Greg Rayford, Real Estate Pro in Atlanta, GA
Greg Rayford answered:
I own rental property but have no paying tenants what happens if they foreclose on me? It isn't worth what I owe anyway.
never foreclose on a property, instead of walking away from a property. You have an option to do a short-sale, visit www.AtlantaRealEstateSupersite.com and fill out the Short-sale Submi ... more
0 votes Share Flag Wed Jun 2, 2010 Foreclosure in Atlanta
Julie Britta…, Real Estate Pro in Atlanta, GA
Julie Brittain - Top Agent answered:
I live in Georgia my name is Mercedes.What I need to do in case the house I rent have problems of foreclouse?
Mercedes,
Pack your stuff. You should receive an eviction notice any day now. JB
0 votes Share Flag Fri May 28, 2010 Foreclosure in Atlanta
Angie Bond, Both Buyer and Seller in California
Angie Bond answered:
How can I find an agent that specializes in working with investors?
Talk to an Agent that lists foreclosures. They will know of the deals before they hit the multiple listing services. Once a listing hits the FMLS, if it is a good deal, there will be mu ... more
0 votes Share Flag Thu Mar 18, 2010 Foreclosure in Atlanta
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