maryland: Great deals Half Price - 07/22/11 10:23 AM
I notice these two houses that are part of HUD's Good Neighbor Next Door Program, Polic officer, Teachers, Fire fighters and EMT can qualify to purchase this homes at half of the listing price.

4101 Harris Ave Baltimore MD 21206 $77,000 Could be yours for $38,500 Large 5 bedroom 2.5 bath bidding deadline is 7/25/11

6941 Forest Terr, Hyattsville, MD 20785 $50,000 could be yours for $25,000 3 bedroom 1.5 bath, end of group, bidding deadline is 7/26/2011
(3 comments)

maryland: Be Careful when you overbid on a HUD Home. - 07/18/11 10:15 AM
HUD hire appraisers to price their homes before they sale, the policy is that HUD lists the properties at the appraisal value. Appraisers are humans and sometimes they make mistakes, usually they over price properties but in the some few cases they underprice them.
When properties are underprice usually there is a multiple offer situation, and in some cases the buyer falls in love with the property and tells the agent to over bid on it. BE CAREFUL.
If the buyer is getting an FHA loan make sure you tell your buyer that whatever amount they overbid they will have to … (0 comments)

 
Jose Rivas

Jose Rivas

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