New HUD Incentives for Buyers!

Managing Real Estate Broker with Flexit Realty "Flexible Home Selling Solutions"

HUD announced on February 8th some new incentives for "owner occupied" properties being purchased as single family homes in Michigan and Ohio.

These incentives have a time frame. Please note they end September 30, 2008


***Effective February 21, 2008, there is a change to the sales incentives allowance which is now $2,500 for all owner-occupant purchasers (excluding HUD approved non-profit organizations and units of local government) in Michigan and Ohio regardless of financing type.  Please see below for details.

Huge Sales Allowances!  All owner occupant purchasers (excluding HUD approved non-profit organizations and units of local government) will receive $2,500 at closing to use on repairs, closing costs, or to lower their mortgage amount without regard to the type of financing used by the purchaser."

So if you are thinking of purchasing a property at a lower price and are willing to do a bit of work...which most will need something....this is your chance.

We can help you place your bid on the property.  We can help you with key information so your bid logois processed.  We can offer a free list of inspeciton companies to evaluate your selection so you are bidding with your eyes wide open when it comes to property condition.

Ask for your "Free" list of active HUD listings in Michigan.

This is the time to act is while the selection is still good and the incentives are available to lower your costs even further!

Click on our "LOGO" to go to our website for more information.   


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Michigan Kent County Grand Rapids
Michigan Foreclosure and Short Sale News
michigan hud incentives
hud buyer incentives
new hud buyer incentives for owner occupied properties

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Gary, I had no idea that the incentive ended in September.  That's what I get for not checking HUDS site on a regular basis.  Thank you so much!

BTW, like the logo and link :-)

Mar 24, 2008 10:04 PM #1
Robert L. Brown - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic
2008 will be the year for selling HUD properties. I hope they extend the deadline or just keep it year round. This will motivate agents to look at these properties more closely.
Mar 25, 2008 10:25 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375

Real Estate Services You can Trust!
Ask me a question
Spam prevention

Additional Information