Learning how to buy Atlanta foreclosed homes is one of the smartest things you can do as a property investor. There are many magazines and journals in the market that provide information about foreclosed home listing but the drawback is that you have to purchase these journals again and again as they cannot be updated and you want a new copy after a few days.
You do not have to vacate the property immediately after finding out your home is being foreclosed on. The sheriff’s department will not come over and board up your home, change the locks or throw your personal belongings out on the front lawn while you are at work.
Whether it is an in -court or out of court foreclosure process, the bank must deliver a written letter of intent to foreclose on the property, a minimum of 10 days in front of the date the first advertisement of the notice of sale was placed in the local paper.
A home inspection is ALWAYS recommended for purchasers – for your OWN protection… the current homeowners want the inspection done prior to approval so as to not slow down or stop the sale once the bank has approved (and they have to start all over again).
Wells Fargo has agreed to spend at least $42 million to settle allegations that it neglected the maintenance and marketing of foreclosed homes in black and Latino neighborhoods across the country, the National Fair Housing Alliance announced Thursday.