90-day Flip Rule can be a delay for your Georgia Real Estate Purchase
NGA RE LC Broker on July 28th, 2011
The market activity is filled with short sales, foreclosures and buyer opportunities. The buyer needs more knowledge now than ever before to make sure the purchase is sound. There are Georgia Laws in effect for sales that have been bought by investors and re-entered the market for sale. This involves the ability to obtain a mortgage from a lender. Make sure you work with an agent to get details on what you are purchasing and how it will effect your ability to obtain a loan.
It is better to know up front than waste time and money to find out you cannot close the deal!
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