Our Government is giving our Government the right of first refusal when buying Bank owned properties, Short Sales, Foreclosures

Freddie Mac

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The Tampa Bay Business Journal brings us an article that reports on how our government is giving our government the right of first refusal when buying bank owned properties!  Have I confused you?  HUD will give local communities a 2 day notice when properties are going to be sold at auction by banks.  Local communities will have an opportunity to purchase these house prior to the general public. 

 

 

 

 
While this applies to rougly 20% of the foreclosed inventory that goes to auction from participating banks (currently, the participating banks are Bank of America, Chase, Citi, Deutsche Bank, GMAC, Nationstar Mortgage, Ocwen Financial Corp., Saxon Mortgage Services, U.S. Bank, Wells Fargo, Fannie Mae, Freddie Mac and the Federal Housing Administration) it is ironic in nature.  The government is using our tax dollars (that have been given to local municipalities to purchase foreclosed homes) to give the local government an unfair advantage over the general public!

 

 
So for those of you that buy bank owned properties, you should now that the local governments will be scooping up many of the prime properties before you get a chance to bid.  Why is this! We Have Rights TOO.

 

Send me an e-mail at rlorans@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (770) 866-2561. 

Discover how other sellers successfully completed a short sale and request a free consultation.
Thinking about a loan modification? Our Atlanta Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender.

Thanks for reading this, Roland Lorans.

Roland is a Real Estate Agent at Better Home and Gardens Real Estate Metro Brokers .

Phone: (770) 866-2561 or 404-843-2500 rlorans@gmail.com.

View My homes for sale at HelpMeSaveMyHome.

Roland Lorans specializes in loan modification assistance and short sales in Dacula, Buford, Suwanee, Alpharetta and Metro Atlanta Georgia

About gashortsalepro

Roland Lorans TEAM Keller Williams Real Estate Atlanta Partners We are Realtors that do Short Sales and Help Save Houses 770-866-2561
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