You can look at both, but it really depends on the moving time frame for you and your family. I am very familiar with Stockbridge, so if you need assistance and you're not working with another real estate professional, please don't hesitate to reach out to me.
Leonard Campbell of Wells Fargo is a Branch Manager and the renovation specialist in Columbia, Md.
If by "in foreclosure", you mean short sale, then those do take longer to close. The seller's lender(s) must give approval to accept a lower amount than what is currently owed on the property. Depending on what stage the seller is in with the short sale process, that can often take several months to know anything. Up to six months is not uncommon. Some may even take much longer than that. The lender may not always give approval to the short sale, then you have to start over with a different property.
For a more normal closing time, you would want to select a regular resale or an REO property.
To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.
Foreclosures are rarely the deal buyers assume them to be and they are inherently more risky to buy. I'm not saying their a bad deal, (most are fair deals at the end of the day) but why assume more risk for a fair deal at best.
I have a lot of experience with foreclosure sales and have blogged about them in the past,. I've attached a link below to one of the more popular blogs I wrote on this subject and encourage you to read it before going out looking for a home to buy.
Best of luck and happy house hunting.
Jose Dias, REALTOR
(623) 418-5700 | Jose@MyFirstHouseAZ.com | http://www.MyFirstHouseAZ.com