Real estate blog entries tagged with buying a foreclosure by Pam Simpson - GRI, Broker-Assoc. (Bob Leigh & Assoc., LLC)

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buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Seven of Seven: Closing on a HUD home. - 10/04/09 08:17 AM

Here is the final part in the Buying a HUD home series written by Richard Weisser. This series has been a wonderful guide to break down the HUD homebuying process.
The closing of a HUD home is pretty similar to the closing of any home. One important thing to note … (0 comments)

buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Six of Seven: Taking the HUD contract through to closing. - 09/30/09 10:11 AM

Richard Weisser wrote such a great series on purchasing a HUD home, that I decided to reblog the entire series. Here is his next-to-the-last (part 6) in the series.
As he states in this part 6, you can have a home inspection performed; however, you must have the utilities turned … (0 comments)

buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Five of Seven: What happens after you place a bid on a HUD home? - 09/28/09 10:40 AM

Here is part 5 in the series written by Richard Weisser on purchasing HUD HOMES.
When he mentions that you must wait until the offer deadline expires to know if your bid is accepted, he is referring to the owner-occupancy priority period. In Mississippi, HUD has a 10-day period where … (1 comments)

buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Four of Seven: How to bid on a HUD home? - 09/23/09 01:15 PM

Here is Richard Weisser's part 4 of the HUD Home Buying Guide.
There are a couple of additional items I am going to point out about placing a bid on a HUD home.
In Mississippi, only HUD registered brokers can place a bid for you (even if you are an … (0 comments)

buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Three of Seven: How do you find a HUD home in your area that is for sale? - 09/20/09 02:09 PM

Here is Richard Weisser's 3rd part in his series on purchasing a HUD home. I had been thinking about writing a series of articles on this topic but Richard did such a great job, why re-invent the wheel?
The process for buying a HUD home in Mississippi appears to be … (0 comments)

buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Two of Seven: Why should you purchase a HUD home? - 09/19/09 11:51 AM

Here is part 2 in the series of the HUD Home Buying Guide from Richard Weisser.
Please note that in Mississippi, the $1,000 buyer bonus and the Georgia state income tax credit does not apply; however, the $100 downpayment for owner-occupant purchasers using an FHA loan also works in MS.
For … (0 comments)

buying a foreclosure: A complete step-by step guide for purchasing HUD Homes in Georgia. Part One of Seven: What is a HUD Home? - 09/17/09 09:47 AM

This great series was written and originally posted by Richard Weisser, a Realtor in Newnam, GA who takes beautiful pictures of the Smoky Mountains.
The process is pretty much the same in Mississippi. I do HUD bids in Northwest MS.

Via Richard Weisser Coweta Fayette Real Estate ERA United … (3 comments)

buying a foreclosure: Mississippi Down Payment Assistance for Foreclosures - 09/04/09 11:11 AM

Mississippi Down Payment Assistance for Foreclosuresby Pam SimpsonDesoto-Tate Countyn Real Estate
Mississippi Home Corporation (the same non-profit that handles the MS bond money program) has rolled out a program to assist homebuyers in purchasing a foreclosure.
This program is called Home Buyer Advantage.
Elgible homebuyers must plan to use the property … (0 comments)

buying a foreclosure: 5 Steps to Buying a HUD Home - 03/27/09 04:20 PM

5 Steps to Buying a HUD Homeby Pam SimpsonDesoto-Tate County Real Estate
Since I get a lot of calls and emails from buyers who are thinking about buying a HUD home, I thought I would try to list the steps required to complete this unique type of purchase. Please note that this … (3 comments)

buying a foreclosure: Before You Buy That Foreclosure... - 11/20/08 02:06 PM

Before You Buy That Foreclosure...by Pam SimpsonDesoto-Tate County Real Estate
I came across an article the other day - Top 6 Mistakes of Foreclosure Home Buying - by Luke Mullins of U.S. News the other day. I thought it made some excellent points, especially about factoring in the costs of repairs to the … (1 comments)

buying a foreclosure: 5 Surefire Ways To Let That Foreclosure Slip Through Your Hands - 10/30/08 03:05 PM

5 Surefire Ways To Let That Foreclosure Slip Through Your Handsby Pam SimpsonDesoto-Tate County Real Estate
This blog article is prompted by something I saw at Trulia Voices the otherday. A buyer was lamenting the fact that he had lost out on a foreclosure bidding war and of course, blamed his … (17 comments)

buying a foreclosure: So You've Found A Fixer-Upper - 10/28/08 02:22 PM

So You've Found A Fixer-Upperby Pam SimpsonDesoto-Tate County Real Estate
You're so excited to get a GREAT deal in a GREAT neighborhood but there's a catch. It's a "handyman special"...a "fixer-upper"...it needs "TLC". And everyone is telling you there is no way you will be able to get a loan on … (0 comments)

buying a foreclosure: MISSISSIPPI HUD HOMES FAQ - 08/20/08 01:23 PM

Mississippi HUD Homes FAQby Pam Simpson, Broker-Assoc.Desoto-Tate County Real Estate
I advertise a lot of HUD homes in my area of Northwest Mississippi (Desoto County, Tate County, Panola County, Marshall County) and I maintain a HUD/VA/Bank Foreclosure list every week. Here are some of the Frequently Asked Questions I receive from prospective … (4 comments)

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