Stories From The Market Of Opportunity. Julie Buys Bank Owned Foreclosure Home With No Money Down.

By
Real Estate Agent with Keller Williams Realty Atlantic Shore

Here's a real story of one of our clients who purchased a home at the end of last month. 

To protect her privacy I'll call her Julie. 

Julie and her husband had been renting for years.  They knew that there was an opportunity right now to buy a home and they contacted us.  We connected them a great lender who was able to qualify them for the Ameridream seller paid down payment and closing cost assistance program.  (There are other grant programs available but this was Julie's best option.  Also, please note that at this time the Ameridream program is no longer available but many of our clients are using the Atlantic County First Time Home Buyer Down Payment and Closing Cost grant program.)

Julie found a house that she thought would work well.  It was a three bedroom, two bath home with a full basement.  This was a bank owned home and it needed some work in order to move in. 

We negotiated with the bank and came to an acceptable price that would keep her payments low and also the bank agreed to contribute $9,000 to pay for closing costs and down payment. 

Julie's husband was a contractor and was able to make the needed repairs before closing.  Now they have a great house at a great price with little money out of pocket.  They can enjoy living in their own home and have all the tax and equity build up advantages of home ownership.

Please send me a comment if you like this story and I'll continue to post more stories like this on our blog.

Best wishes,

Matt

P.S.  If you or someone you know would like to take advantage of this window of opportunity and buy, invest, or sell real estate please call me right now at 609-338-3773.

Posted by

Matthew Haviland ~ matthew@HavilandGroup.net  ~ 609-484-9890 ext. 132

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