hud: How to buy a Foreclosure (and get it closed!)
- 12/06/13 01:13 AM
Searching for and purchasing a foreclosed home can be quite frustrating and is getting harder to do. There is a shortage of inventory and especially foreclosures now. But you can still can get a foreclosure at a competive market price. Fannie Mae's innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization — allowing homebuyers to bid and purchase foreclosed properties before they are made available to investors.Details include:First Look is typically the first 15 days a property is listed. Many … (0 comments)
hud: Loan Programs for Low to Moderate Income Families
- 12/02/13 10:27 PM
There are several goverment programs that are in place that give down payment assistance, The Good Neighbor Next Door is provided through the U.S. Department of Housing and Urban Development (HUD). This program encourages law enforcement officers, teachers, firefighters and emergency medical technicians (EMT) to live in the low - and moderate income neighborhoods where they work. HUD believes this effort will strengthen communities, reduce crime and promote homeownership opportunities. Eligible buyers may purchase HUD-accuired homes located in certain revialization area with the following criteria: At a 50% discount from the list price * With a DownPayment of $100, if FHA … (7 comments)
Searching for and purchasing a foreclosed home can be quite frustrating and is getting harder to do. There is a shortage of inventory and especially foreclosures now. But you can still can get a foreclosure at a competive market price.
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