Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

Sellers Requirements!

REO SELLERS (ie) banks, Mortagage companies etc are now requesting that ALL offers to be accompanied by a "PRE-APPROVAL" from the Dierct lender regarding financing contingencey offers or verification of funds letter to close on cash offers. Some REO Sellers will have addendums that state the Buyer to provide an unconditional approval within 10-14 days of the acceptance. Buyer's failure to notify Seller shall be construed as removal of finance contingencey.  Foreclosures are on the rise and that is bad for the homeowner....However; it is the perfect time if you are a buyer to contact me and I will provide you with everything you need to take advantage of this sub-market ...

Remember All REO'S are sold AS IS however you can still ask for thing to be done and of course you will have an inspection. All pre-qualifications letters must state from the lender that they are willing to provide financing based on the AS IS clause and the appraisal .REO Sellers will not provide 2ND mortgages or seller financing, however; they may offer special terms and conditions (ie) low or no closing cost and or a buyer & repair program such as with HUD homes, VA and Fannie Mac. Ask me for details.

Take care

Mark