FHA and Conventional Loans

The days of the No Doc and Cash Back at Closing loans are over, but many programs are available for those who intend to purchase a foreclosure for their primary residence.

Further Reading

Below are some links and helpful financing and government programs for purchasing foreclosures:

• $7,500 1st Time Home Buyer Tax Credit
• FHA Loan Programs
• Current Interest Rates

American Society of Home Inspectors

The American Society of Home Inspectors is a professional association of independent home inspectors. Phone: (800) 743-2744

Prior Sales, Mortgage History, Tax Assessed Value

Although a full title search may be the only way to determine the actual sales and mortgage history for a property, the tax card can serve as a fairly reliable quick reference for this type of information. Many counties offer their tax assessor notes online for each property. Click here for a directory.

If you still need more history on a property, send an email to Mail@GAForeclosureSearch.com with the address of the property and we'll send you a full tax report free of charge.

Bank Addendums

Many lenders require lengthy addendmums to standard purchase agreements. Make sure you fully understand these addendums before signing an agreement.

Commonly Used Forms

In Georgia, most Brokers used the Georgia Association of Realtors (GAR) Purchase & Sale Agreement. Some of the common Exhibits are listed below.