North Atlanta Foreclosure Homes

The following information contains answers to questions frequently asked by agents and purchasers. I hope by the time you finish reviewing this information you will feel more familiar with the buying process and how the 3rd party (Seller) involved is mutually concerned.

General Information

North Atlanta Foreclosure Homes sell in an average of 90 days or less. They are typically priced competitively in the market place. It is also not unusual to have more than one offer at the same time. That is why it is a good idea to have a pre-qualification letter available. Certain 3rd party Sellers require a pre-qualification letter from their preferred bank in order for an offer to be reviewed. Typically, the Seller reserves the right to hear from the loan officer as to the buyers pre-qualification and credit worthiness.

Earnest Money

The following tends to be the standard earnest money required when presenting an offer: $

100,000 $1,000

$150,000 $2,000

$200,000 $3,000

$250,000 $4,000

$300,000 $5,000

$400,000 Varies

How is Title Conveyed?

Seller will convey the subject property by a Limited Warranty Deed under Georgia Law. A Special Warranty Deed may be used in some occasions. At the closing the Purchaser can discuss with the attorney the purchaser of Owner