hud homes: Southaven MS HUD Home in Plum Point Villages - 09/03/10 03:51 PM
Southaven MS HUD Home in Plum Point Villages
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Call or email for a list of HUD homes and foreclosures!

3 bedroom, 2 bath HUD Home in Plum Point Villages in Southaven MS.  Priced at $107,500, this home needs a little TLC to make it shine like new. 
Large breakfast nook with bay window off the kitchen as well as formal dining area.  Large greatroom with beautiful gas fireplace.  Very large expandable upstairs.

The deadline to bid on this Southaven MS HUD Home is 9/12/10.  This home can be purchased with cash, conventional or … (0 comments)

hud homes: Olive Branch MS HUD Home in Fox Creek - 09/03/10 03:30 PM
Olive Branch MS HUD Home in Fox Creek
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Call or email for a list of HUD homes and foreclosures!

Looking for a large home in Center Hill School district without spending a large amount? 
This HUD Home in Fox Creek Subdivision has 4 bedrooms, 3 bathrooms and is listed at over 3,000 square feet.  Priced at only $123,500, this home is offered with FHA financing with an escrow for repairs.
 
The deadline to place a bid on this HUD HOME in Fox Creek is 9/12/10.  You must be pre-qualified for a loan … (0 comments)

hud homes: HUD Home in Magnolia Lakes Neighborhood of Olive Branch MS - 09/03/10 03:02 PM
HUD Home in Magnolia Lakes Neighborhood of Olive Branch MS
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Call or email for a list of HUD homes and foreclosures!

Looking for a 3 bedroom, 2 bath home in Olive Branch MS but don't have a lot of $dough$ to spend?  How about this HUD Home priced at $53,000.
With a little elbow grease and TLC, this could be a your next home.  This home, near Olive Branch Old Towne, is offered with FHA financing with an escrow for repairs. 
 
 
 
The deadline to bid on this home is 9/12/10. 
 
In order to … (0 comments)

hud homes: Olive Branch MS HUD Home in Creekside Subdivision - 09/03/10 02:45 PM
Olive Branch MS HUD Home in Creekside Subdivision******s o l d****
Call or email for a list of HUD homes and foreclosures!

Yes...this is a HUD Home for sale in Creekside Subdivision in Olive Branch MS.  This 4 bedroom, 2 bath home in award winning Lewisburg School District is priced at $209,000.  This stunning home sits on 3/4 acre lot.  Built in 2008, this home looks barely lived in. 

From the brick and stacked stone arched entrance to the nail-down hardwood floors and formal dining room with treyed ceilings, you will love the attention to detail in this home.

 
(0 comments)

hud homes: HUD Home in Southaven MS - 08/13/10 04:30 PM
HUD Home in Southaven MS
*****S O L D****
Call or email for a list of HUD homes and foreclosures!

HUD Home in Deerchase Subdivision of Southaven MS.  Walking distance to one of the most sought-after schools in Desoto County MS (Desoto Central).  This 3 bedroom, 2 bath home with unfinished expandable over garage is priced at $128,500.
Less than 5 years old, this 1,600+ square foot home is being offered with FHA-insured financing with an escrow for repairs.  The bid deadline is 8/19/10.  Possible $100 down for FHA buyers.

            HUD HOME FAQ



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If … (3 comments)

hud homes: Southaven MS HUD Home in Greenbrook Subdivision - 08/13/10 04:05 PM
Southaven MS HUD Home in Greenbrook Subdivision
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Call or email for a list of HUD homes and foreclosures!
This 3 bedroom, 2 bath HUD Home in Greenbrook Subdivision is offered at $54,000.  The bid deadline is 8/15/10.  Southaven MS is located in Desoto County MS just south of Memphis, TN.

Payment for this home can be in the form of conventional financing, cash or an FHA-203(k) rehab loan. 


 
 
                   HUD HOME FAQ
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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.
About … (1 comments)

hud homes: HUD Home in the Wellington Square Neighborhood of Horn Lake MS - 08/13/10 03:41 PM
HUD Home in the Wellington Square Neighborhood of Horn Lake MS
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Call or email for a list of HUD homes & foreclosures!

3 bedroom, 2 bath HUD home in Desoto County MS.  3 bedroom, 2 bath (split bedroom plan) offered at $60,750.  This home is offered with FHA insured financing (with escrow for repairs).  Possible $100 down with FHA financing.  Bid deadline is 8/19/10.

HUD HOME FAQ
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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.
About the author:   Pam Simpson is an Assoc. Broker with … (1 comments)

hud homes: Horn Lake MS HUD Home in Desoto County MS - 08/13/10 03:17 PM
Horn Lake MS HUD Home in Desoto County MS
*****S O L D******
Call or email for a list of HUD homes and foreclosures!

 
 
HUD Home on 3 acres in Red Oaks subdivision.
Horn Lake, MS
 
Listed for: $127,500
Bid deadline: 8/18/10
4 bedrooms, 2 bathrooms
 
This home is the only residence located in the cove.  Property includes approximately 3 acres.


 
 
Massive stone fireplace in Living Room.
 
 
 
 
 
 
 
Beautiful double wood doors.
 
 
 
 
 
 
 
 
Unique tiled entry.
 
 
 
(1 comments)

hud homes: Southaven MS HUD Homes For Sale - 12/18/09 01:54 PM
Southaven MS HUD Homes For Saleby Pam SimpsonThe Kudzu Vine

 
1864 Coral HillsSouthaven, MS$52,0003 bedrooms, 1.5 bath
FHA Financing possible with Escrow for Repair$100- down available for owner-occupants
BID DEADLINE:  12/27/09
 
      
 

7630 RockinghamSouthaven, MS$70,0003 bedrooms, 1.5 bath
FHA Financing possible with escrow for repair$100 down available for owner-occupant
BID DEADLINE:  12/27/2009
 
         ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2009 by Pam Simpson.  All rights reserved...***Southaven MS HUD Homes For Sale***
FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, … (0 comments)

hud homes: Northwest MS Foreclosure Market Report - June 2009 - 06/09/09 02:31 AM
Northwest MS Foreclosure Market Report - June 2009by Pam SimpsonThe Kudzu Vine
The week ending June 5, 2009 saw 29 homes added to the foreclosure inventory in Northwest MS.  There were 13 price reductions during that week and 18 went under contract.
Here is a chart showing the Northwest MS Foreclosure Market Activity from May of 2008 to the present.  The blue line represents homes added to the foreclosure inventory each week and the red line represents foreclosures which have sold each week. 

At the time of this report, the foreclosure market consisted of approximately 6.1% of all active residential … (0 comments)

hud homes: HUD Homes In Northwest MS - 05/08/09 06:32 AM
HUD Homes In Northwest MSby Pam SimpsonDesoto-Tate County Real Estate
There are several great HUD homes on the market and available now.  Here is just a sample:

96 Armour Place in Byhalia, MS$109,800
This is a 3 bedroom, 2 bath home on 2 acres in Marshall County.  It has a formal dining room and was built in 2006.
 
 
 
 
 

 
6189 Magnolia Lakes in Olive Branch, MS$60,500
This is a 3 bedroom, 2 bath home with a split bedroom plan.  It was built in 2001.  It is close to the neighborhood lake and playground.
 
(0 comments)

hud homes: 5 Steps to Buying a HUD Home - 03/27/09 09:20 AM
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 home purchases in Northwest MS and may be different in you area.
 
1.  Get pre-approved for loanAfter deciding that home ownersip is right for you and your family, this should be the first step you take in ANY home purchase, but is an absolute necessity … (3 comments)

hud homes: Northwest Mississippi Foreclosure Market Report - March 2009 - 03/07/09 09:52 AM
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 under contract.
Here is a chart showing the Foreclosure Activity in the 4-county area since March of 2008:

About 6.9% of the active listings in the Northwest MS market are foreclosures (including HUDs, REO, VA, Fannie Mae).  That is a drop from 8.2% back in January.  Here is a breakdown of the foreclosure market by community:

Olive … (0 comments)

hud homes: Northwest MS Parade of HUD Homes - 01/09/09 05:10 AM
Northwest MS Parade of HUD Homesby Pam SimpsonDesoto-Tate County Real Estate
There are several HUD homes available in Desoto County, MS that are eligible for FHA insured financing with little or no repairs to qualify.  All of the following homes are available now for only $100 down payment if you use an FHA loan to purchase and you plan on living in the home.

1055 Wilson RidgeLake Cormorant
$128,7003 bedrooms, 2 bath1298 sq. ft.
 
 
 

2588 Winwood Cv.Horn Lake
$77,2004 bedrooms, 2 bath1838 sq. ft.
 
 
 
 

 
2384 Mooneyham Ln.Horn Lake
$81,2003 bedrooms, … (2 comments)

hud homes: 5 Surefire Ways To Let That Foreclosure Slip Through Your Hands - 10/30/08 08:05 AM
5 Surefire Ways To Let That Foreclosure Slip Through Your Handsby Pam SimpsonThe Kudzu Vine
This blog article is prompted by something I saw at Trulia Voices the otherday.  A buyer was lamenting the fact that he had lost out on a foreclosure bidding war and of course, blamed his agent.  Not knowing the specifics of the situation, it could be that his agent was inexperienced in REO bidding.  But I find, more times that not, the buyer has unrealistic preconceived notions about purchasing a foreclosure that proves to be the real problem - too many late night "get rich quick" … (17 comments)

hud homes: So You've Found A Fixer-Upper - 10/28/08 07:22 AM
So You've Found A Fixer-Upperby Pam SimpsonThe Kudzu Vine
You're so excited to get a GREAT deal in a GREAT neighborhood but there's a catch.  It's a "handyman special"...a "fixer-upper"...it needs "TLC".  And everyone is telling you there is no way you will be able to get a loan on it.
Well, hold on there.  There is a loan made specifically for this situation - the FHA streamline 203(k).  The Streamline 203(k) permits the buyer/borrower to finance up to an additional $35,000 into the mortgage loan to improve or upgrade the home. 
Do the shingles look suspect?  Does it have green shag … (0 comments)

hud homes: NORTHWEST MISSISSIPPI FORECLOSURE MARKET REPORT - 09/24/08 06:53 AM
Northwest Mississippi Foreclosure Market Reportby Pam Simpson, Broker-Assoc.The Kudzu Vine
Desoto CountyTate CountyPanola CountyMarshall County
For the week ending 9/19/2008, there were 17 new foreclosure homes added, 12 price reductions, and 12 went under contract.
Here is a chart showing the Foreclosure Activity in the 4-county area since mid-March to present:

About 5.4 % of the active listings in the Northwest Mississippi market are foreclosures.  Here is a breakdown of the foreclosure market by community:

The most active area for foreclosure activity continues to be Olive Branch.  It has been my experience that many foreclosure sellers are now pricing … (2 comments)

hud homes: MISSISSIPPI HUD HOMES FAQ - 08/20/08 06:23 AM
Mississippi HUD Homes FAQby Pam Simpson, Broker-Assoc.The Kudzu Vine
I advertise a lot of HUD homes in my area of Northwest Mississippi (Desoto County, Tate County, Panola County, Marshall County) and I maintain a HUD/VA/Bank Foreclosure list every week.  Here are some of the Frequently Asked Questions I receive from prospective buyers (and other real estate agents).
1.  What is a HUD home?
A HUD home is a residential property acquired by HUD (Dept. of Housing and Urban Development) due to a past foreclosure action when the home had an FHA mortgage. 
2.  How can I find HUD homes for sale in my … (4 comments)

hud homes: Buy a HUD home - $100 down payment - 07/24/08 04:59 AM
In Mississippi, you can purchase a HUD home with only a $100 down payment.
First, here is a brief (and very simplified) introduction to HUD homes.  When someone purchases a home using an FHA loan, the loan is insured by FHA (which is a part of HUD).  If that borrower defaults on the FHA loan, HUD becomes the new owner by foreclosure.  HUD does not wish to be a property owner, so they place these homes back on the market for sale.
 In Mississippi, HUD and FHA have a program where you can purchase a HUD home using an FHA mortgage for only … (11 comments)

hud homes: NORTHWEST MISSISSIPPI FORECLOSURE MARKET REPORT - 07/23/08 02:52 AM
NORTHWEST MISSISSIPPI MARKET REPORT   7/21/2008
Tate County MississippiDesoto County MississippiMarshall County MississippiPanola County Mississippi
The week ending 7/17/2008 showed 17 new foreclosure homes placed on the MLS, 12 price reductions and 12 went under contract.
Here is a graph showing the foreclosure market activity from mid-March to the present:
 
 As you can see, the number of foreclosure homes that go under contract each week has remained fairly steady - between 10-15 on average.  The number of new foreclosure homes placed on the MLS since the end of May has been sporadic.
FYI - There was a very large "spec" builder … (2 comments)

 
Pam Simpson, GRI, Broker-Assoc. (Bob Leigh & Assoc., LLC) Rainmaker large

Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

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Bob Leigh & Assoc., LLC

Office: (662) 449-3530

Fax: (662) 449-3531

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Senatobia real estate, Tate County real estate, Hernando real estate, Desoto county real estate, HUD Homes, REO


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