newnan hud homes: HUD homes are still a terrific option for buying a home in Newnan Georgia! - 12/16/10 09:39 AM
Newnan HUD homes have always been attractive for buyers looking for value-priced homes with affordable financing options in Coweta County Georgia.
One of the best reasons for purchasing a HUD home is that owner-occupants may qualify for and FHA loan with only $100 down. It’s one of the best opportunities around for buyer with income and good credit, but not a lot of cash on hand.
Best of all, HUD employs a blind bidding process that gives all owner-occupant buyers an opportunity to make an offer during the exclusive period!
If you need more information about buying a HUD home in … (3 comments)

newnan hud homes: You can still buy a $100 down HUD home! Newnan GA HUD homes for sale. - 11/13/10 02:08 PM
One of the best incentives for buying a HUD home in Newnan Georgia is the low down payment requirement for qualifying owner occupants.
Many buyers with good credit, steady employment, and satisfactory debt/income ratios may qualify to obtain an FHA 203B loan with as little as $100 down. Combined with low interest rates and competitive pricing, a HUD home is an attractive option for many Coweta County homebuyers.
In order to place a bid for a HUD home, a buyer must use a registered HUD broker or agent. Contracts are awarded based on a variety of parameters, such as price, closing … (2 comments)

newnan hud homes: If you plan on buying a Coweta County HUD home, keeps these days of the week in mind! - 05/16/10 02:03 PM
If you are interested in purchasing a Coweta County HUD home, you need to understand that bids must be entered before the deadline!
And typically, those deadline days of the week follow a specific pattern. When a HUD home is placed on the market, the bid period is typically until 11:59 P.M. on the second Sunday following the initial listing.
If a HUD bid is awarded, and the property comes back on the market before it is closed, the deadline day is typically the first Tuesday following placing the property back on the market. Occasionally, if the property comes back on … (4 comments)

newnan hud homes: When a bid on a HUD home is acknowledged in Georgia, the clock starts ticking and agents get moving! - 09/02/09 01:07 PM
We had a HUD bid acknowledged on Monday, so achieve an executed contract the original paperwork must be delivered to the HUD contractor in Atlanta within 2 business days.
Failure to do so could result in the dismissal of the offer. So rather than take a chance of a late delivery, it's road trip time!
From our real estate office to the HUD contractor in Atlanta is roughly a 50 mile drive, but on a gorgeous September day in between morning and evening rush hour it's actually a pleasant ride.
After hand delivering the documents, there is a great satisfaction in … (22 comments)

newnan hud homes: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Six of Seven: Taking the HUD contract through to closing. - 08/24/09 09:54 AM
In Part Five of this series What happens after you place a bid on a HUD home?  we learned the three possible outcomes of placing a bid on a HUD home.
In this chapter, we will assume that your bid was accepted, and that a contract was executed by all parties, and that the sale is moving forward.
The first thing that is substantially different about buying a HUD home than other kinds of foreclosures is that the utilities are not turned on. If you plan on doing an inspection on the property that you placed under contract, you need to … (16 comments)

newnan hud homes: 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? - 08/22/09 01:05 PM
In Part 4 of this series How to bid on a HUD home we learned how to enter a bid on a HUD property in Georgia. Now we will examine what happens after the bid is submitted:
Once you have entered a bid on a HUD home, you must wait until the offer deadline expires before you will know whether or not you have been successful and your bid has been accepted.
Usually, within a few hours of the deadline, one of three possibilities occurs:
No bid is accepted by HUD, and the property goes to a day-by-day  bid process. When … (5 comments)

newnan hud homes: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Four of Seven: How to bid on a HUD home? - 08/20/09 08:58 AM
In Part 3 of this series How do you find a HUD home in your area that is for sale? we discovered that the best way to find a suitable HUD homes is to engage a real estate buyer's agent that is proficient in the HUD buying process.
Once you have found a HUD home that is suitable for your needs, it's time to consider making an offer. In the state of Georgia, HUD uses a blind bidding process that allows each potential buyer to enter a bid prior to a clearly defined bid deadline.
Before having your buyer's agent enter … (14 comments)

newnan hud homes: 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? - 08/18/09 08:09 AM
In Part 2 of this series Why should you purchase a HUD home? Many of the reasons for purchasing a HUD home were identified and listed.
Now we'll discuss how to go about finding a HUD property for sale. First and foremost, you should engage a good buyer's agent that is experienced and knowledgeable about HUD properties in your area. These agents understand the idiosyncrasies of HUD sales, and can help you find a suitable HUD property that is available in your area that is suited to your needs.
After entering into a brokerage agreement, your agent can assist you with … (6 comments)

newnan hud homes: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Two of Seven: Why should you purchase a HUD home? - 08/16/09 11:28 AM
In part one of this series: What is a HUD Home?  we discovered that a HUD home is a foreclosed property that had an FHA loan associated with it that was guaranteed by the United States government. The Department of Housing and Urban Development (HUD) actually takes title to the property.
Now in part 2 of the series we'll discuss the reasons as to why a HUD home may be a good purchase opportunity for a buyer:
First and foremost, HUD homes are priced in such a way as to encourage competitive bidding on the property. So many are priced below … (3 comments)

 
Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) Ambassador large

Richard Weisser

Richard Weisser Retired Real Estate Professional

Newnan, GA

More about me…

Richard Weisser Realty

Address: PO Box 848, Sharpsburg, GA, 30277

Office: (770) 827-6225

Mobile: (770) 827-6225

Email Me

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999. View all Coweta Fayette Info Posts By Richard Weisser Blog Google+ Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area. Coweta Fayette Real Estate allows you to search the entire Georgia MLS for free with NO registration required! Twitter cowetafayette


Listings

Links

Archives

RSS 2.0 Feed for this blog