Buying HUD Homes

hud homesMany people know that HUD (The United States Department of Housing and Urban Development) owned homes are sold as-is. HUD homes for sale are sold through these real estate agents because many times these homes need to be sold at higher values to repay debts caused by the properties. There are also private lenders who are willing to offer you a loan in order for you to get your desired HUD foreclosure.

These property preservation type companies go in and cleanup foreclosures, handling everything from trash-outs, to boarding windows and doors, tarping roofs and a host of other repairs. However, when a home financed by an FHA loan goes into foreclosure, the original lender gets reimbursed by HUD for the outstanding loan balance.

Every spring an annual Action Plan is developed to describe how the state will use the year’s annual allocation of HUD formula funds to meet affordable housing …

What Is My House Worth?

home valuesUnless you’ve been living in a cave somewhere, you’ve probably heard many gloomy predictions about the state of realty and home values in the past year or so. According to the media and industry experts, the housing bubble is bursting, home value prices are dropping and the real estate market in general sucks. When a home seller sits down to interview an agent on many occasions a homeowner will already have visited Zillow and taken a look at their Zestimate of valueā€¯ for their home. This market value is actually the price that is paid by one party to another for the exchange of a property, while both parties are acting with knowledge, prudence and without external pressures and coercion.

All-cash real estate buyers (our kind of people!) are becoming more common. As if imitating a cinema production featuring two lovers involuntarily forced apart, the years of 2007 and 2008 …