Calhoun GA Foreclosures( Bank owned, Fannie Mae, Freddie MAC)

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Search Calhoun GA Foreclosures ( Gordon County) including bank owned, Fannie Mae, Freddie Mac and HUD Homes.                             


Please do not hesitate to ask if you have any questions at all.

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                                                   How Does Foreclosure work and How Do I buy a foreclosure?

In the past months, you may have had encountered the term “foreclosure” a dozen of times especially with the current crisis in the national housing market. If you are lucky enough not to have any problems with your mortgage payments, you should still try to understand how foreclosure works – just in case

For starters, foreclosure is the repossession of a property by a mortgage lender because the owner failed to fulfill his mortgage payment obligations. Reasons for not being able to pay monthly mortgage dues can include the following:

  • Losing a job
  • Suffering from serious health problems
  • Divorce
  • Death in the Family
  • Mismanaged budget

Depending on the state, a homeowner can try to stop the lender from foreclosing by doing any of the following:

  • Refinance loan with Lender
  • Re-instatement of mortgage loan
  • Ask for forbearance
  • Sell property to recover equity
  • Short Sale
  • Deed in Lieu of Foreclosure
  • Take out Foreclosure Loans
  • File for Bankruptcy


                                                                                      Renting VS Buying

In most of the areas in Gordon County, renters think that this is a perfect time to try out buying homes. The recent housing reports reveal that greater numbers of tenants are buying the properties after renting them – including foreclosure homes  while expecting the market to be stabilise.

The latest housing market statistics show that residents of the state purchasing new homes, foreclosed properties under Elizabeth Bank and other kinds of dwellings in state’s different regions have increase in the last few months. Mostly, these buyers are a part of the residential property rental market. This market is a section of the industrial sector that benefits from real estate crisis.

The housing market analysts hold that majority of the people renting properties have declared that they will continue renting until they gain confidence about the housing market or unless they are able to save a good deal for down payment. Now, since the foreclosed homes offered for sale in Calhoun GA and other dwellings have been reasonably priced, they are opting to purchase a property.

According to the analysts, low rates of mortgage loans are another factor enabling the people to take homeownership decision. A large number of renters are choosing foreclosed homes, for example, foreclosure homes of HUD or Fannie Mae since they are available at affordable prices and nice locations. Analysts are also of the view that some of potential buyers are still waiting and will soon enter the housing market.

However, analysts hold that more people are planning to buy bank-foreclosed homes offered for sale.  Nevertheless, they are not getting the courage to do so due to bad economic condition and fear of becoming jobless. The housing market experts think that those buyers who are still waiting expect that economic condition and unemployment rate will improve further.

In the meantime, since a vast section of the population is yet to decide about homeownership, house rental market stands to benefit. Housing data of 2010, shows that there has been a rise in rental rates and a considerable decline in vacancy rates of the state. Developing economy has encouraged more people to rent properties by leaving the family dwellings.

All these have contributed in lowering the vacancy rate. Though more and more people are buying homes as compared to last year, yet the rental market is expected to be in a strong position due to the confidence of North and Northwest GA residents .

Top 3 Reasons To invest in Real Estate Right Now

  1. Desperate sellers. Not the homeowners, of course. It’s the banks that financed the mortgages that are desperate…. That gives the few buyers out there big leverage.
  2. Little competition. … those investors willing to be patient and do the work will reap big rewards down the road.
  3. Low financing rates. … getting 4-to-1 to 32-to-1 leverage at a low fixed rate of interest is like having someone give you money … rates for 30-year fixed mortgages are an incredible 4.5%. That’s the lowest in 39 years.

Calhoun Ga Foreclosures and Real Estate Sales and Solutions- Mike Ramirez REALTOR

Exit Flipper McDaniel Realty is the top production and fastest growing firm in Calhoun GA. I specialize in Foreclosure sales helping buyers and sellers invest in real estate in Gordon county Calhoun GA including Adairsville, Resaca, Sugarvalley, Plainville, Ranger and surrounding North and Northwest GA .(770)547-3450