This is a great explanation of the FHA 203K Streamline loan (Rehab loan) - concise and easy to read. It was written by Joan Rusco, a Mortgage Banker in Minnesota. In addition to the Streamline version, there is also a FHA 203K loan for homes needing more extensive repairs. If you are using one
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03/31/2009
5 Steps to Buying a HUD Homeby Pam SimpsonThe Kudzu Vine Since I get a lot of calls and emails from buyers who are thinking about buying a HUD home, I thought I would try to list the steps required to complete this unique type of purchase. Please note that this information is applicable to HUD h
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03/27/2009
Foundation Issue - I Have Questions, Do You Have Answers?by Pam SimpsonDesoto-Tate County Real Estate I went to preview a bank-owned home the other day. The agent remarks on the MLS sheet said "possible foundation problem". Hmmm - you think! What gave it away? Possibly the fact that it looks
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03/24/2009
Top 5 Things Buyers Don't Like About Your Houseby Pam SimpsonThe Kudzu Vine I came across a discussion on city-data forum the other day on what people dislike about looking at homes. The following items were mentioned over and over again. Here are the Top 5 Things That Buyers Don't Like About Y
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03/11/2009
Northwest Mississippi Foreclosure Market Reportby Pam SimpsonThe Kudzu Vine Desoto County MSTate County MSPanola County MSMarshall County MS For the week ending 3/6/2009, there were 19 foreclosures added to the Northwest MS MLS. There were 24 price reductions in existing foreclosures and 19 went
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03/07/2009
Olive Branch MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine Olive Branch saw 51 sold residential properties for the month of February with an average sales price of $179,403 and an average days on market of 119. Both the average sales price and the average DOM increased from
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03/03/2009
Tate County MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine Tate County MS saw 15 sold residential properties for the month of February with an average sales price of $124,987 and an average days on market of 70. Both the average sales price and the average DOM dropped from t
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03/03/2009
Hernando MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine Hernando saw 19 sold residential properties for the month of February with an average sales price of $163,219 and an average days on market of 144. Both the average sales price and the average DOM dropped from the previ
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03/03/2009
Elizabeth Martin with Edward Surovell Realtors in Ann Arbor, Michigan wrote a very well-written summary blog post of the $8,000 tax credit. Elizabeth is a fellow blogger on Active Rain and I appreciate her allowing me to re-blog her article here.~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~
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03/01/2009
109 Masters Drive, Brick Home in Senatobia with Garageby Pam SimpsonDesoto-Tate County Real Estate This 3 bedroom, 2 bath home on landscpaed 1/2 acre lot is tucked away in The Highlands subdivision near Back Acres Country Club in Senatobia, MS. Popular split bedroom plan with upstairs Bonus Room.
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03/01/2009