Atlanta, as well as other major metropolitan areas, is well inventoried with foreclosed homes owned by the Department of Housing and Urban Development (HUD). A search at the HUD sales site for Georgia at the time of this article resulted in 2292 listings of single family properties owned by the Department. With listing time averaging as much as nine months it is easy to understand how the seller with the best incentives will stand a great advantage in the market.
via examiner.com
With 2292 HUD owned homes listed for sale in the Georgia market taking advantage of the FHA/HUD $100 down payment program makes more sense for home buyers who may also qualify for the home buyer's tax credits.
In Georgia call me at 678-439-8683 or email me at reibroker@mail.com and I'll help with answers to your questions and as much guidance as I can. If you are an agent I can show you how to capitalize on this program and will consider co-marketing with you.
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