Tag Archives for " buying foreclosures "
HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development. These are generally homes that were once financed via FHA, VA, and USDA loan products. TIPS ON BUYING A HUD HOME Banks generally only care about the net proceeds of the sale, not the offer amount. There may […]Continue reading
A quick guide to understanding the most common types of foreclosed homes for sale:HUD: HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development – these are generally homes that were once financed via FHA, VA and USDA loan products . These homes are listed on […]Continue reading
At least a few times a week I get an inquiry from a would-be homebuyer who has found a Connecticut house in foreclosure on Zillow or some other foreclosure site. They want to purchase the house, and they want to know how they can do it or request my help in doing so. There are a few […]Continue reading
Many folks, especially first time home buyers looking to get the most for their money are considering fixer-upper homes. Unless you are an experienced contractor or investor with plenty of home rehabbing experience under your belt, here are a few tips to not losing your shirt in the process of buying a fixer-upper home: Always […]Continue reading
There is nothing quite as frustrating as trying to complete a real estate purchase where a bank is the seller…5 TIPS TO GET YOU THROUGH THE FORECLOSURE TRANSACTION:Be patient! While you as the buyer will have strict deadlines to meet and be expected to ask how high when the lender says “jump!”…don’t expect the same […]Continue reading
With the recent crash of the real estate market, foreclosures abound and seem like a great deal for many. After all, who wouldn’t want to save money on a home purchase? But SHOULD you pursue a foreclosed home? It’s important that you consider the following before jumping in: Banks can be very frustrating to work […]Continue reading