If you have an interest in buying foreclosures in the Chattanooga, Tennessee or surrounding areas, I have a service for you. Each week my company prepares a list of the foreclosures available in the City of Chattanooga, the surrounding counties of Southeast Tennessee, and Northwest Georgia. The list is designed to be sent to local investers by e-mail.
If you would like to receive this list, please send an e-mail to foreclosures@UpwardRealty.com and include your e-mail address and your first name. We will send you an e-mail that will include the current list with information about each property for sale, including the address, some home features, and the asking price. You can then check out the ones that are of interest to you. Once you narrow the list to the homes you might want to buy, contact me for a private viewing.
As you prepare to take advantage of the deals currently available in our local market, you need to line up your funds or needed financing. Some of these properties will require repairs ranging from minor cosmetic fixes up to major structural needs. Unless you are a contractor or at least experienced in home repairs, you should also line up contractors in advance who can assist you with your property evaluations.
These houses also make great investments as your personal home and often are eligible for FHA/VA loans or first time home buyer programs. FHA even has a loan program that allows you to borrow repair money for homes that are not quite perfect. Ask you lender about FHA 203K financing. Don't be discouraged by the news reports, there is mortgage money available in the market right now!
The market has a more than ample supply of distressed properties right now, so there are some bargains to be had. Just start by getting the list at foreclosures@UpwardRealty.com.
You can also search the current HUD Homes listings here.
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