Coldwell Banker RMR
Barry Britt Real Estate
790 Peachtree Industrial Blvd
Suwanee, GA 30024
of Buying Foreclosure or Bank-Owned Property
in the Atlanta Metro Area? We Can Help.
House hunting can be a very daunting experience, especially in today's
ga foreclosure real estate market. Both investors and homebuyers have
been priced out of the market by escalating costs, and good real estate
deals are increasingly difficult to find.
There are bargains out there, for people
who know where to look.
You can start by checking
our ga foreclosure inventory by clicking here.
"For people willing to do some homework, the foreclosure market
offers some of the best opportunities in real estate today,"
explains Barry Britt, Principal and Managing Broker at REO Proformance
Systems of North Atlanta.
Web-based services can give consumers access to foreclosure and pre-foreclosure
information that was previously available only to professional real
estate brokers and investors. Click here to use our Foreclosure Search
Engine to locate hundreds of available properties in and around the
Metro Atlanta area. Today, REO Proformance System's homebuyers can
use these services to assist them in identifying and researching potential
home purchases, as well as the tools and professional resources they
need to help them close the deal.
With interest rates ticking up and ARMs adjusting upward, experts
predict an increase in the number of foreclosure properties on the
"Foreclosure properties can be a terrific investment, or give
homebuyers a much more affordable option than traditional properties,"
notes Britt. "But they're not a way to get rich quick, and a
foreclosure purchase needs to be approached in an educated, intelligent
REO Proformance Systems offers three tips to help you close a deal
on a foreclosure property.
about the different types of foreclosure properties, and the
There are three basic types of foreclosure properties,
representing different stages in the foreclosure process: notice-of-default
(NOD) and notice of trustee sale (NTS), which are both pre-foreclosure
properties; and real-estate-owned (REO), a foreclosure property
which has been re-purchased by the bank.
financing early. It's important for a buyer to be pre-qualified
before engaging in discussions with a seller.
This ensures that the buyer is in a financial position
to purchase the property, and is in the strongest possible position
to negotiate. It's best to work with a lender who understands
the foreclosure process, and can guide the buyer through certain
steps, such as ensuring that a property is FHA-compliant. Another
reason to consider pre-qualification is that not all lenders
finance foreclosure properties. Having approved financing in-hand
makes negotiations with both the seller and the lender easier,
and may even make it possible for the buyer to simply cure the
default and take over the existing loan to reduce loan processing
an REO Proformance Systems Buyer Agent as your representative.
"Buyer's representatives" have the home buyer's and
investors' interests at heart, and are charged with finding
the right property and negotiating the best price for their
clients. Picking the right real estate agent will make a buyer's
life much easier. There are agents who specialize in the foreclosure
market, with specific experience in REO properties. An REO Proformance
Systems an agent has foreclosure transaction experience, as
well as knowledge of local, regional and state laws. We also
have extensive knowledge of the area; the ability to close a
deal; and the ability to access other professionals (attorneys,
lenders, mortgage and title professionals) to ensure that the
buyer is in good hands.
Your best interests are served when
you work with a Buyers Representative AND COMPANY whose sole focus
is foreclosure and bank-owned property. Call 678-318-7911 or click
here to schedule and appointment.