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Foreclosure in Loganville : Real Estate Advice

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  • Local Info12
  • Home Buying29
  • Home Selling5
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Activity 2
Tue Oct 6, 2009
The Prince Group answered:
You should contact an attorney to get clarification on your rights and options. Also, since you have not owned a home since 2003, should you buy the home, you would qualify as a first time homebuyer and would be eligible for the $8,000 tax credit. However, keep in mind that you must CLOSE by November 30th so time is certainly a factor and if the home is being sold as a short sale, you may not have that time available. There has been some rumors of the tax credit being extended, so I would talk to a real estate agent to see if that occurs. If you need a recommendation for a mortgage broker, I operate out of Loganville and could offer you some suggestions. Hope this works out for you. Good luck. ... more
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Tue Aug 4, 2009
Deanna Lilly answered:
My husband and I found out quite by accident on the 5th of July that the house we had been in for 16 months was being foreclosed on. We had signed a lease purchase agreement, and paid $4,200 as a down payment. Having no trust for the homeowner, who acted as an "agent" for the "homeowner", we immediately began looking for another place to live. The homeowner called us and had a "sweet" deal for us, and he just acted like it was nothing that we had been getting advertisements to "save" our home, etc. I have saved everything we received in the mail, and thanks to the link below, found the legal notice from the newspaper. We did find a new place to live, and now I am doing research to see how or if we can get our $4,200 back. Unfortunately, we figure if the guy wasn't paying the mortgage, he won't have the down payment either, but it's worth a shot. Any comments/help will be welcomed! ... more
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