Amanda Brock

"Amanda is The North GA Foreclosure Expert"
Call for More Details on the Following: BRAND NEW FORECLOSURE DEALS

1) 2/2 Cabin on an Acre. Built in 1997 in Good COndition- $84,900 (Union County, GA)

2) 2/2 Cabin on 2 Acres in Trackrock Area, Fireplace- $110,000- (Union County GA )

3) WHAT AN INCREDIBLE DEAL. Just Like 2 House in One... 5 Bed/3 Bath- 2 Kitchens, 2 Fireplaces, 2 Garages Very Nice $165,000

4) 3 Bedroom/ 3 Bath Large Home. WOW!!! Amazing Lake and Mtn Views and Close to Town -$165,000

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VISIT WWW.PROPERTYINBLAIRSVILLE.COM FOR ADDITIONAL GREAT DEALS AND FORECLOSURE DEALS

Owner Financing on Homes and Lots IN THE NORTH GA MOUNTAINS:

IMPORTANT PROPERTIES CHANGE DAILY SO PLEASE CALL OR EMAIL FOR A COMPLETE AND UPDATED LIST. tHANKS

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What is Owner Financing?

(aka "Seller Financing")

You might be thinking, "Hey, could I just make payments directly to the seller instead of getting a mortgage? Then I wouldn't have to qualify for the mortgage." That indeed could be a good deal, except that owner-financed deals like this are rare. Here's why.

The seller has to pay off their existing mortgage before they can sell.

Let's say the seller is selling the house for $150,000 house, and they've got $110,000 left on the mortgage. If they sell it the regular way, where you get your own loan from a bank, then $110,000 of the your new mortgage will pay off the seller's old mortgage, and the seller will wind up with $40,000 in cash.

But if the seller wants to owner-finance to you, then s/he'll have to pay off the existing mortgage first. Does the seller have a spare $110,000 lying around? Probably not. So in most cases, sellers can't owner-finance to you even if they wanted to, because they don't have the means to pay off their existing mortgage.

The seller wants all their cash up front.

With a regular sale, the seller gets all the cash up front. When they owner-finance, the money trickles in, month by month, for 30 years. So most sellers prefer a regular sale so they can get all their money up front. After all, what's the most common reason people sell a house? So they can buy another one. And they'll likely need the money from the sale of the old house to use as a down payment on the new house, or to fix it up, or both.

Another reason the seller might not want to owner-finance is that they don't expect to live another 30 years in order to collect all the payments. This is especially true if the seller is over 40.

So you see, sellers usually either can't seller-finance, or they don't want to. That's why you'll rarely find houses that are owner-financed.

Of course there are exceptions. Here are cases when owner-financing is a possibility.

• Financing as an investment. If the seller doesn't need all the proceeds from the sale right away, then owner-financing a home can be a great investment. When you put money in the stock market, you might get 6%, or maybe a little more -- or you could lose 5, 10, or 20%. By contrast, owner-financing gives the seller a guaranteed return of whatever the interest rate on the loan is. Further, sellers who owner-finance can charge a higher interest rate than banks because seller-financing often makes the deal attractive to the buyer, especially if the buyer couldn't qualify for a bank loan. The main risk to the seller is that the buyer will fail to make the monthly payments (known as "defaulting" on the loan), but in that case the seller can reclaim the house ("foreclose" on it) and sell it to get their money back. The seller is fine as long as they can sell the house for at least as much as is left on the loan.
  
  
• You offer a higher interest rate. One way you might be able to convince an owner to seller-finance is to offer to pay a higher interest rate. Of course, you wouldn't make such an offer if you're able to qualify for a bank loan, but if you can't get a bank loan, then offering a higher rate directly to the seller might be what it takes to get you into the home you want. Also, once you've had the home for a year or two and your financial situation improves you might be able to move that loan to a bank.
  
  
• The seller finances only part of the loan. Once I wanted to buy a home but I couldn't come up with the last $36,000. (I had no more cash left and couldn't get a bigger loan.) But I really wanted the house. So I asked the owner to owner-finance just that small part of the cost of the house, and I offered him twice the prevailing interest rate. He accepted. A year later I was able to easily move that loan to a bank at half the interest rate, so I only had to pay the higher interest for one year.
  
  PLease Contact Amanda BRock, Realtor Today
  Email: amandabrockrealtor@windstream.net
  Phone: 706-897-6636 Cell or 706-745-2188 Office

If you are looking for Blairsville, GA Real Estate Foreclosures
you have come to the Right Place!

AMANDA IS THE NORTH GA FORECLOSURE EXPERT. VISIT WWW.MOUNTAINCABINREALTOR.COM

Foreclosures in
Blairsville, Blue Ridge, Hiawassee, Young Harris, Morganton, Suches
AND Ellijay.

Remember, Foreclosures Change Daily so Call or Email me for an Updated List.

Blairsville Foreclosures- Click here to view properties

Hiawassee/ Young Harris Foreclosures-
Click here to view properties

Blue Ridge Foreclosures- Click here to view properties

CALL ANYTIME FOR MORE INFORMTION OR TO SET UP AN APPOINTMENT
CELL: 706-897-6636


IMPORTANT INFORMATION:

Have You Wondered What Foreclosures Have Been Sellinf For.... I Can Email You the List and Sell Price Sheets for Recent Foreclosures.


Email: amandabrockrealtor@windstream.net
Cell: 706-897-6636

I am Proud to introduce you Union Realty Company. We have been successful in this tough market because of our exceptional website and internet marketing plans, and our commitment to professionalism and hard work .

According to The National Association of Realtors Over 85% of home buyers search online for homes. The traffic to online real estate marketplaces is sky-rocketing. Our company and I will list your home on over 25 different websites so your home is constantly in the eye or the public. You are also Advertised in Numerous Magazines, Newspapers, Ect.

We are seeing an improvement in the North GA Market now that interest rates have declined to an all-time low. Please contact me today for a Free
Market Analysis of your property.

If you are considering selling your home hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to discuss our listing program and marketing plan with you.

PLease Email Me Today for a List of Recent Foreclosures and Homes with Owners that Are Very Motivated To Sell.

Visit www.MountainCabinRealtor.com

Amanda Brock, Realtor
Union Realty CO
706-897-6636(Cell)
or 706-756-2188

Long Term- Rentals in Blairsville GA, Blue Ridge GA and Hiawassee, GA.

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PLease Take a Look at www.RealtorBrock.com for Updated Lists.

IF YOU ARE LOOKING FOR LONG-TERm RENTALS I CAN HELP. I will make the Process very Easy for You and Get you in the Type of home that you are looking For.