Sunday, July 25, 2010

Another pre-approved short sale listing

220 Jeremy Drive
Colbert, GA 

1.53 acre lot plus many upgrades!

large kitchen with lots of storage, black appliances
family room with rock fireplace
This home has been pre-approved for short sale at a price of $107,000.  Currently, a price of $103,000 may be accepted as adjustments are allowed during 2nd and 3rd month of marketing.  The home is on 1.53 acres and sold in 2008 for $134,000.  The accessed value with the tax commissioners office is $139,000.

Our current short sale listings

Pre-approved short sales
401 Gladiola Drive
Auburn, GA 30033

4 bedrooms, game room and office!
Kitchen w/tile floor and plenty of cabinets
Great room w/ hardwood floors

This list price of this home is pre-approved through the pre-foreclosure short sale program offered on FHA loans.  The lender has set the price at $108,000, but we are currently in the time frame to accept an offer of $102,000!  This is an unbelievable deal... the only catch? -- they will only pay 1% of the amount financed if buyer obtains FHA financing.  Not bad, especially if you consider that you can get a loan for $105,000 and have the additional $3,000 go toward your closing costs! 

The home has 4 bedrooms, 3 baths, office, game room and great room, formal dining room, large kitchen, and breakfast room.  The current owner paid $163,300 for this home in 2007.   The current owner finished the game room, office, additional bedroom and bathroom downstairs.  Pergo and tile floors were added in the great room, formal dining room, kitchen and breakfast area.