Information on HUD / FHA Foreclosures in Georgia,

FHA/ HUD: FORECLOSED HOME LISTINGS AND FINANCING

Locate a Property in your area, Get financing and Get Answers to all your Questions.

How to buy Foreclosed Property in your area?. Read below

Effective Friday, January 18, 2008, Network Funding, LP Mortgage Bank is offering a new suite of Federal Housing Administration (FHA) products to accommodate a U.S. Department of Housing and Urban Development (HUD) program that allows good credit borrowers the opportunity to buy a HUD-owned home with only a $100 plus downpayment . The new program is the "FHA $100 HUD" Foreclosed Home program.

Find and Buy a Foreclosed home by choosing your prefered state link below.

Georgia Foreclosed Properties HUD Buyer and Agent Incentives
Search Here for eligible homes in GA.

South Carolina Foreclosures HUD Buyer and Agent Incentives Search here for eligible homes in SC

Tennessee Forclosed Properties HUD Buyer and agent Incentives Search here for eligible homes in TN

Alabama Foreclosed Properties HUD Buyer and agent Incentives Search here for eligible homes in AL

Florida Foreclosed Properties HUD Buyer and agent Incentives Search here for eligible homes in FLA

Texas Foreclosed Properties HUD Buyer and agent Incentives Search here for eligible homes in TX

These incentives are provided by HUD, FHA 203(b) product options are available for one-to four-unit properties, and FHA 234(c) product options are available for condominiums.

Search for home from HUD and then contact us for the financing. If you find a home you want to inspect, Contact us and we will provide you with a Agent. Before you put in a offer on a home, you must have your loan approved.

More Information? - Click here

Please call us or apply on-line for same day certified HUD REO Foreclosure Loan approval.

We are a FHA /HUD Wholesale Bank providing consumers great programs to purchase HUD/ FHA Foreclosed Properties .

"HUD REO Foreclosed Properties " are great for Home Buyers for Foreclosed Properties and Perfect for Real Estate Agents who have clients who qualify!!

Contact Peter Knap at 404.814.4634 ext: 706 for more information

Need a Hud Certified Real estate agent?

FHA / HUD FORECLOSURE $100 DOWN PAYMENT REPO PROGRAM

Borrowers must have scores of 620 and above and should be able to close on the home in less than 90 days . This product is not for investors but for borrowers who will be living in the property as their primary residence. The HUD 100 Loan are for HUD foreclosure properties and must be listed with HUD and agents of HUD . Real Estate Agents who want to know more about the product please give us a call at 404.814.4634 or 800.772.1193 extention 706. HUD 100 program will allow up to $5,000 of HUD approved repairs to be done to the property.

Agents: depending on the state There is an update to the sales incentives that are available to buyers and brokers in your state. Effective with the bids and contracts that were awarded on February 12, 2008, selling brokers representing owner occupant buyers are entitled to a $500 broker bonus; regardless of the type of financing that the buyers are using. (Prior to this update, the $500 selling broker bonus was being awarded only to brokers who represented buyers that used FHA203(k) financing. This is no longer a requirement.)

Questions and Answers:

Q: Is all we have to put down is a $100.00 for a Foreclosed Property?

A: Yes and No- You are required to put a $1,000 earnest money down as security deposit which you will get back minus the $100.00 at closing. Also, You must pay for a septic inspection ( if not on City Sewer) and have a Electrical , Water, HVAC inspection before you move in. All utilities must be turned on before the inspection is ordered and depending on the utility company they may require a deposit.

Q: The Foreclosed home we are looking at needs repairs- Do i need to pay for them up front?

A: No and Yes - HUD has inspected the property and they will allow you up to $5,000 of repairs to be done after the closing which can be financed into the loan: i.e: Worn rugs, Paint, HVAC, Roof etc...You will need to get contractor bids for the work and they will be paid to the contactors at closing. Review the Hud Inspection reports that are attached to the property you are interested in . It will tell you how much funds are available for repairs. We provide you with the repair check after the work has been done. We recommend to use Lowes or HomeDepot for these type of repairs since they are very familiar with this program.

Q: How long does it take to close on one of these Hud / FHA properties?

A: If all your required documents are submitted to Network Funding, LP, we can close in as little as 15 days.

Q: Can we buy this homes as Rental or Investment Property ?

A: You can with conventional financing , not FHA. The minimum Down payment to buy this as an Invesment property will be 20% of the purchase price and you must have very good credit.

Choose our 30 second Quick secure On-line application - Click here or apply below.

Live in or around Atlanta? - We recommend this Home Improvement Contactor

Need a Certified HUD Agent? - We recommend this agent

Product Type : Purchase

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Loan Information

*Requested Loan Size ( min 65K ) :
*Have you found a home? Y/N:
*Are you working with a realitor? Y/N:
*When are you looking to close on the loan? :
*What state will the property be located? :
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Helpful comments:
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Borrower and Co-borrower Information

*Name:
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*Current address:
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*Zip :
*Credit Condition: Fair, Good, Excellent. :
*Do you know your credit score ? :
If so, What is it? ( NO POOR CREDIT ) :
*Will there be a Co- Borrower on this loan? Y/N:
*Estimated Annual Pre-Tax Combined Income:
*Ever declared Bankrupcy? :
if so, when?:
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Access to or use of this Mortgage Web Site constitutes consent to the following terms:

Interest rates, terms, loan programs and other information are subject to change without notice. Full disclosure of product terms and conditions is provided upon request. Network Funding, LP makes no express or implied warranty regarding the information or data presented on this web site, and hereby expressly disclaims all legal liability and responsibility to persons or entities who use or access this web site and its content, based on their reliance on any information or data that is available through this web site. PLease call 800.772.1193 extention 706 if you have further questions about this site or about any mortgage program changes.