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Foreclosure in Atlanta : Real Estate Advice

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Activity 157
Sun Apr 21, 2013
Bruce Ailion answered:
There are many companies doing this work, most have established relationships and while some are open to new vendors it is difficult to break in. It is not easy or clean work and the margins are thin because pricing is competitive and a bunch of companies have workers that live in trailers in rural Georgia or Alabama working at or below minimum wage.

Bruce Ailion,
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
CRS, CRB, ABR, MSRE, CDPE, CIAS, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Investment Agent Specialist
203K Certified Specialist
Attorney
2050 Roswell Road
Marietta GA 30062
404-978-2281 Direct
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
770-973-9700 Office
bruce@locationlocationlocation.com
www.LocationLocationLocation.com
The Linked In REALTOR
http://www.linkedin.com/in/bruceailion
... more
0 votes 1 answer Share Flag
Mon Feb 4, 2013
Rodney Mason answered:
Foreclosure auctions in GA always take place on the courthouse steps on the 1st Tuesday of each month.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage

825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
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) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 4 answers Share Flag
Wed Jan 30, 2013
Ron Thomas answered:
Foreclosures are POSTED on the local MLS, by the LISTING AGENTS, when the Banks release them.
Your Realtor can print a full list, or they can FILTER the list according to your priorities.
As a BUYER, this costs you nothing.
Talk to your Realtor.
... more
0 votes 2 answers Share Flag
Thu Jan 24, 2013
Tim Moore answered:
I doubt the HOA does since they are not selling it to you, the owner would have to if it is a known issue. That would be a Material Fact.
0 votes 6 answers Share Flag
Wed Jan 30, 2013
Michael Hammond answered:
Good question, Justinshu, but unfortunately any answers received wouldn't likely be worth a plug nickel without having first passed the Bar. As in Bar Association, not Joe's Bar and Grill. Also, knowing the development and situation details in your area could help. Good Luck! ... more
0 votes 10 answers Share Flag
Mon Dec 17, 2012
Michael Hammond answered:
Hindsight's always 20/20, hogwmfwa, but was there no way to get Wells, the Buyer, their Agent, your Agent, as well as you and your spouse together and somehow make that $15K payment to USAA happen? As far as your current options, you might consider speaking with an attorney. Tomorrow. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 13 answers Share Flag
Sun Nov 24, 2013
David Herren answered:
0 votes 2 answers Share Flag
Wed Dec 5, 2012
Frederick Rucker answered:
Sure, I work with investors on multiple home purchases. When are you available to meet and establish our client/consultant relationship?
0 votes 4 answers Share Flag
Wed Nov 14, 2012
Ericka Kay Turner-Cannida answered:
Hello Ambanks2006,

How are you? I am Ericka Kay a Real Estate Specialist in Georgia.

Do you have a cleaning company? What side of town do you service? What I can suggest is you contact the banks who own the government homes and discuss with them your services. Best of Luck to you.

Thanks
Ericka Kay Turner
770-0895-5673
ericka.k.turner@gmail.com
www.kaysellsthebest.com
... more
0 votes 1 answer Share Flag
Thu Dec 13, 2012
Suzanna Woodhead answered:
I went to school with Kevin a great guy who now owns his own brokerage in Atlanta. Email me at suzywoodhead@gmail.com if you would like me to connect you.
0 votes 10 answers Share Flag
Fri Nov 9, 2012
Rodney Mason answered:
These situaitons do happen unfortunately. For any legal advice, you would need to consult with an attorney ASAP.

A foreclosure typically only occurs after the borrower has missed at least 90 days of consecutive mortgage payments.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 2 answers Share Flag
Fri Nov 9, 2012
K. Bernard Strong answered:
Fri Nov 9, 2012
Elizabeth Walton answered:
Hello William, thank you for your inquiry about good investment areas in Atlanta. You have lots of choices according to how much you want to spend, floor plan, will you be working, if so, commuting (ATL traffic is rather challenging!), are schools important, etc., etc.

I currently work w/investors in addition to other buyers, actually have a closing the end of the week.
I would welcome the opportunity to help you. With just a few questions, we can get started in your
search.

My contact information is below. Please feel free to email/text or phone me.

I look forward to your reply and to assisting you.

Again, Thank You!

Sincerely

Elizabeth 'Beppy' Walton, Realtor
ASP, CFIS, DPP
Keller Williams
C/404 234 9418
beppyswalton@gmail.com
www.beppyshomes.com
... more
0 votes 18 answers Share Flag
Fri Sep 14, 2012
Suzanne MacDowell answered:
This sounds like some kind of scam. The market is so depressed that it may take 10 years or more for any equity to accrue. Are you willing to live in the house that long? Why would you pay a mortgage that is more than the home is worth? If the house doesn't sell,who will guarantee the mortgage is satisfied or is transferred into your name so that the liability is on you and not the current homeowner? I would never recommend such an arrangement to any of my clients! Would you? ... more
0 votes 12 answers Share Flag
Mon Aug 27, 2012
William Polack answered:
What is the waiver for? Need more info.
0 votes 4 answers Share Flag
Thu Jul 19, 2012
Debbie Wright answered:
The short answer is: it depends. There are pros and cons to it. A foreclosure could be a good deal if it is in decent shape, no major vandalism done to it, and the price is below market. I have seen some foreclosures that were in move-in ready condition, that would be great deals for a first time buyer, and others that looked like they would need thousands to be ready to occupy.

For any home, you need to have a good inspection done, but foreclosures particularly need one, since it has probably been vacant for some time, and there may be problems that are not visible with the electrical, plumbing or heating and air conditioning systems. Since the previoius owners were not able to make their mortgage payments, there may be some repairs that had not been made while they were there because of financial problems.

Visit my website at www.atlanta-foreclosure-list.com to find an updated list of foreclosures and other homes on the market.
... more
0 votes 2 answers Share Flag
Wed Jun 27, 2012
Michael Cheng answered:
The transfer value refers to the amount owed to the first lienholder of the property during foreclosure. It has no bearing on the actual market value of the property and certainly is no indication of price. You should check with a local real estate broker to find out if the property is coming up for sale and see what the price might be. ... more
0 votes 1 answer Share Flag
Thu Jun 21, 2012
Steve Jolly answered:
Most of the contractor type work is the responsibility of one of the national property preservation companies such as: Cyprexx, Field Asset Services, Safeguard, LPSFS, etc..

You can also contact the local agents in your area selling foreclosures. ... more
0 votes 2 answers Share Flag
Mon Jun 25, 2012
Michael Hammond answered:
Sounds like you and your agent have a strategy, MrsD; hope it works. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/
... more
0 votes 9 answers Share Flag
Wed Jul 4, 2012
Fred Yancy answered:
Short answer is yes

That is why sometimes after you have an accepted offer it can take a couple of months to actually close because you cannot close when there are any leins on the title. Your lender would require a title insurance policy. ... more
0 votes 8 answers Share Flag
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