Atlanta HUD homes present some of the best deals for home buyers today. These are Atlanta houses and townhouses that have gone through the foreclosure process. These Atlanta houses were owned by home buyers who had an FHA insured loan on the property. The government takes over the property once the home goes through the foreclosure process and these are sold as Atlanta government foreclosures. HUD then contracts out the sale of these homes. Every HUD home can be sold by a licensed real estate agent who is registered with HUD.
The process of buying a HUD home is not as straight forward as buying a regular home from another home owner.
These are the steps involved in buying one of Atlanta HUD homes
1. The Buyer gets prequalified by a lender experienced with financing HUD homes.
2. The Buyer contacts a licensed real estate agent or company with experience with the HUD home buying process. This is critical, because HUD tends to discount their houses at a certain time, so the Agent needs to have experience with this process and know exactly when the homes are discounted, because the discounted homes tend to sell really fast.
3. The Agent helps the buyer located the appropriate property.
4. The Agent helps the home buyer place an electronic bid on the property following HUD’d strict guidelines.
5. The Real Estate Agent gets all the paperwork cross-checked and signed, once the bid is accepted.
6. The agent works with the lender and HUD’s designated closing attorney to ensure a smooth closing.
We help home buyers find discounted homes in the Metro Atlanta area.
We also help people find discounted covington GA homes, conyers homes and discounted buckhead houses for sale.
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