As of Friday morning, 8/20/10 there were 651 HUD Homes available in the state of Indiana. Here is a breakdown about the HUD Homes available in Indiana:
- 174 have a list date of 8/20/2010. Some of those are first look homes. Some are homes that have been off market or with a reduced price.
- 259 of the homes have a list price that has been reduced from HUD's appraisal.
- 162 of the homes are built 1990 or later.
- 155 of the homes built 1990 or later are eligible for FHA financing.
- 19 of the homes built 1990 or later have a list price of $60,000 or less.
From the list date, HUD will only consider offers from owner-occupants during the first ten days. After that offers from investors are considered. So for somebody who wants to occupy the HUD Home as their personal residence, there are some pretty significant advantages. In addition to bidding priority, owner-occupants can get special very low down payment financing when using an FHA loan with a participating lender. (It is not quite zero down, but it is close.)
On the indyHud.com website, we make available an updated list of HUD Homes in the Indianapolis Area built 1990 or later. You can also find a copy of the forms needed for the purchase of a HUD Home on the indyHud.com website. Be sure to call with any questions. We work with buyers of Indianapolis foreclosures and HUD Homes - to help them find the right home at a great value. Call my direct number at 317-709-2537 to get more information about owning a HUD Home in the Indianapolis area.
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