|
|
Are
foreclosed homes the best value?
Yes, because they are priced under market
and you can save thousands
of dollars. Call us at 770-439-9999 to hear
about the latest real estate deals. |
|
|
Have
all the mortgages been satisfied before
I purchase a foreclosure?
Yes, the property will have clear title at
closing and you will be able, and are advised,
to get title insurance. This has a onetime
payment and is cheapest when purchased at
closing. |
|
|
What's
the easiest way to buy a foreclosure home?
Call us today at 770-439-9999 to talk with
one of our many specialists. For a smooth
move that builds you instant equity in your
future home Email or call us today and to
talk to a foreclosure specialists. |
|
|
Will
a foreclosure home be able to be financed
with an FHA or VA loan?
That will depend upon the condition of the
property. FHA & VA homes must meet FHA
& VA requirements. Many of the homes we
sell would qualify and in some cases the seller
will bring a property up to FHA & VA code. |
|
|
Does
the type of financing affect my chances of
buying
a foreclosure?
No financing (CASH) is the most desirable
to the foreclosure seller followed by a conventional
loan however all loans may be considered. |
|
|
Can
I have a building inspection on a foreclosure
house?
Yes, it is advisable to know what you are
buying. Although foreclosure homes are generally
sold “AS IS” most foreclosure sellers
allow you a few days for the buyers to inspect
prior to committing to purchase.. |
|
|
Why
does it take so long to get an answer on my
offer on
a foreclosure house?
Some foreclosure seller(s) are very prompt
with their response, but often the offer may
need the approval of a number of different
people in a number of different departments
and organizations. Then the legal department
may need to review the offer. This can take
time. |
|
|
What
does "Highest and Best" mean?
When the foreclosure seller has more than
one offer they will usually go out and ask
all bidders to submit their best offer to
give everyone a fair chance. |
|
|
Why
do I have to be qualified by a certain lender
when I have already been qualified with a
mortgage company of my own choice?
There are a multitude of lenders and mortgage
companies to choose from, some good, some
bad and some just plain incompetent. The foreclosure
seller will have selected a mortgage officer
to qualify the buyer so that they have confidence
that buyer's qualification is reliable prior
to tying the house up in a contract for a
month or more with someone who can't close. |
|
|
Can
I make a cash offer?
Yes! We love cash offers. You must provide
proof that you have the available funds at
the time you make the cash offer. A letter
from your bank or stock broker must be submitted
with your offer and it must be dated with
your name and the organization's name on it. |
|
|
Will
we save money dealing with the foreclosure
owner
(bank) directly?
No, the foreclosure owners hire us to be their
agent to handle and assure all the paper work
is done correctly in accordance to the state
laws. They have properties in many states
and they do not have the time, knowledge or
desire to deal directly with the house buying
public. They have a finely tuned system to
handle their large inventory. |
|
|
How
much earnest money do I need?
The larger of 1% of the purchase price or
$1,000. |
|
|
Are
there any special documents that must be submitted?
Yes, each foreclosure seller has their own
addendum's or contracts. These can be obtained
from us. |
