A Foreclosure is a home or property that has been taken back by the Bank/Lender due to non-payment from the Owner.
Some foreclosures are in good shape and can be easily financed but some have many issues and will not qualify for any type of Mortgage. (CASH Only) We will help to determine which type you are looking at.
Bank owned homes normally are great deals for Buyers but they are not as many available as they were during the 2010 -2014 foreclosure dilemma. Just because its a foreclosure does NOT mean that it will be a "good deal" the prices will reflect what the market value will be.
Search foreclosed homes here but don't limit yourself to ONLY foreclosures as you will miss out.
This is a question we heard a lot during 2010-2014... not so much now but there are still specific cases.
A Short Sale is where you are asking the Bank/Lender to accept LESS than what is actually owed on the Mortgage. The reason being - that you are upside down and the house value is just not there for you to be able to sell for what you still owe. There has to be SPECIFIC HARDSHIPS that will allow you to qualify for the Short Sale. Each is a Case-by-Case because each Homeowner and house is different.
Just wanting to move does NOT qualify you for a short sale.
A few Hardships that MAY allow you to qualify for a Short Sale include:
There are some drawbacks to a short sale, so you should talk with your accountant or attorney to fully understand all repercussions. It is a lot easier to recover from a short sale on your credit than it is a foreclosure but knowing all the details will help you to decide the best path for yourself.
Fabulously restored 4BR/3BA ranch home with 2 master suites with master baths, stainless steel appliances, and water resistant hardwood-laminate flooring in family room, ...
*Beautiful ranch style 3 bedroom 2 bathroom home. *Almost 4 acres of land!! *Spacious front porch to enjoy during the summer and early fall. *Open floorplan *Recently ren...
Custom Built, ALL BRICK, Luxurious, One Owner Home on close to 1 acre lot! Located in sought after Rockdale's Lochinver Lake community. This 6000 sq ft home has it all! ...
Looking for privacy? This may be the one! Adorable home in EXCELLENT Location! This home has the best of both worlds. Quiet country setting but close to town. Beautiful 1...
This is a potential short sale, no sign, no lockbox. Submit offer with proof of funds prior to showing. Property is being "SOLD AS IS." Closing may take 45 days.
This is a potential short sale, no sign, no lockbox. Submit offer with proof of funds prior to showing. Property is being "SOLD AS IS." Closing may take 45 days.
HOME CANNOT BE VIEWED UNTIL UNDER CONTRACT TENANT OCCUPIED - DO NOT DISTURB Home was updated apprx 10 years ago, electrical, hvac, roof etc
Newly renovated 3 bedroom/2 bath four sided brick home in the desirable Rockdale County Deer Run subdivision. Home features an updated kitchen with granite countertops an...
Great Investment Property. 3 bedroom, 2 bath ranch style home. Large, level lot for all of your outdoor activities. Close to Hwy 78, shopping, restaurants, and much mo...
Welcome to Lakewood Estates community in Covington. This home lies in a nice neighborhood with multiple amenities, including tennis, swimming, and a clubhouse. This home ...
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange/Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange/Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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