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Asked by Sandy Akins, Atlanta, GA Tue Feb 3, 2009

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Answers

8
James Dudley, Agent, Suwanee, GA
Tue Feb 3, 2009
BEST ANSWER
Sandra,

Have you considered purchasing a HUD home? There are great incentives available right now.

Move in for $500 down.

$1,000 buyer incentive for property purchased withing 30 days of listing.

In addition there are some great homes available in affordable price ranges.

I would be happy to assist you with more information on HUD homes in the area you are looking.

James Dudley
ERA Sunrise Realty
678-781-7418
james.dudley@era.com
0 votes
Voices Member, , Benton County, OR
Tue Feb 3, 2009
Sandra, Here are some places you can view Hud or REO homes. If you look there will also be a lot of info on the process ect.. Hud homes....https://www.bidselect.com/servlet/RouterServlet?p_build_page…

Gov. home sales...http://www.homesales.gov/homesales/mainAction.do?pageAction=…

http://www.wamuproperties.com/search-results.php REO properties

http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
This site has the links to the Bank REO sites,, search your area of interest...

Hope this helps, Dunes
1 vote
Lorie Gould, Agent, Duluth, GA
Wed Feb 4, 2009
Sandra there are grant programs available in Georgia and a experienced lender could show you all that are available for your situation.

Do you have to offer the amount listed on a foreclosure? Are you referring to a listed property or a property being advertised for auction at the steps?

- The answer is NO to a property that is listed; however, the answer could also be yes if you really want the home depending on the situation of the home meaning are there other offers on the table. If it is a multiple offer situation which is still happening then you might would to bid at or above asking price. You really need a buyers agent to assist you! Having a buyers agent is free for you and the banks actually prefer that you do for liability reasons.

- If a property is being advertised for the auction steps then there is a starting advertised bid meaning they will start the bidding at that number. Buying at the steps requires a certified check for the amount of the home in hand. And it is Buyer Beware!

Solomon was accurate. Your best resource is a Realtor. Websites information is outdated or inaccurate. For the most up to date and accurate information you need to choose a producing full-time Realtor.

Lorie Gould
Associate Broker
Keller Williams Realty Atlanta Partners

678-428-5841
Web Reference:  http://www.HomesByLorie.com
0 votes
Lorie Gould, Agent, Duluth, GA
Wed Feb 4, 2009
Sandra there are grant programs available in Georgia and a experienced lender could show you all that are available for your situation.

Do you have to offer the amount listed on a foreclosure? Are you referring to a listed property or a property being advertised for auction at the steps?

- The answer is NO to a property that is listed; however, the answer could also be yes if you really want the home depending on the situation of the home meaning are there other offers on the table. If it is a multiple offer situation which is still happening then you might would to bid at or above asking price. You really need a buyers agent to assist you! Having a buyers agent is free for you and the banks actually prefer that you do for liability reasons.

- If a property is being advertised for the auction steps then there is a starting advertised bid meaning they will start the bidding at that number. Buying at the steps requires a certified check for the amount of the home in hand. And it is Buyer Beware!

Solomon was accurate. Your best resource is a Realtor. Websites information is outdated or inaccurate. For the most up to date and accurate information you need to choose a producing full-time Realtor.

Lorie Gould
Associate Broker
Keller Williams Realty Atlanta Partners

678-428-5841
Web Reference:  http://www.HomesByLorie.com
0 votes
Hank Miller, Agent, Alpharetta, GA
Wed Feb 4, 2009
Sandra - your smartest and wisest move is to find and use a quality buyer's agent. Tell them what you want and let them do the leg work, that's how they are paid. Solomon is correct in that many of the info sites are outdated and always remember that those sites exist to make money first and foremost.

Hank
0 votes
Maria Morton, Agent, Kansas City, MO
Wed Feb 4, 2009
Quite possibly. There are programs available depending on your particular circumstances. Sit down with your realtor and discuss your situation. The realtor can help you find the right mortgage lender for you. Once you have your financing in order, your realtor can find a home that fits you and the loan you're approved for.
0 votes
Solomon Gree…, Agent, Duluth, GA
Wed Feb 4, 2009
Hi Sandra

You mentioned the expenses associated with certain "foreclosure" sites. Regretfully, you'll also find that many of them have outdated or otherwise inaccurate information. Your best resource may very well be your own real estate agent who's responsible for keeping you updated on such information.

You should also know that credit eligible, disabled Georiga first time home buyers may qualify for zero interest, monthly-payment free second mortgage of $7,500 to assist with their down payment and closing costs.

Please call me today to find out more.

Solomon Greene
REALTOR® / Affordable Housing Consultant - Keller Williams Realty Atlanta Partners
(678) 775-2677
0 votes
Suzanne Whea…, , Locust, NC
Tue Feb 3, 2009
Contact a REAL ESTATE professional to help you thru this process!!

As an ERA Real Estate professional, I pride myself on offering the most state-of-the-art tools and services to my customers. These include the most current technological innovations for selling homes in a timely and profitable manner, and the most established strategies of what works best for home sellers and buyers.

One essential and longstanding service I can offer you is a Comparative Market Analysis or CMA. If you are thinking of buying or selling a home, this service can give you unsurpassed insight into the best time and price for doing so. As your Realtor®, I want you to know that this service can give you unsurpassed insight into the best time and price for selling your home.

The CMA determines a home’s value based on a review of sale prices for similar homes that have recently sold in your area. We review about three homes with features similar to yours which have sold within the past 12 months; we also review the sale prices of homes in your area that are currently on the market, to determine your present competition and customers’ choices, and we review any area homes that failed to sell and why. Often the latter were priced too high for the context of your market – but we also want to avoid pricing your house so low that it will sell at less of a profit than you could have made.

Please contact me at your convenience to set up a time for
your FREE MARKET ANALYSIS!!


Sincerely,
Suzanne Whealan, REALTOR
ERA Four Seasons Realty
West North Street, Albemarle, NC. 28001
(980) 328-8172 (704) 982-5518
Suzanne.whealan@era.com
http://WWW.Propertiesseller.com

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