This 4/4, 2700 sqft brick home is situated on 8.11 acres with a privately stocked pond, large oak trees, pole barn with side shed. This home is equipped with a large eat-in kitchen,hardwood floors, and a fireplace.
Duration : 3 min 39 sec
Here is my situation. Our offer was accepted by the seller in Sept. We had our inspections, had our appraisal which came in at the price we agreed to pay, finally our FHA loan was approved, but the underwriter ordered another home appraisal to verify the home’s value. That appraisal was finally settled at $30k less than the price. Consequently, this changed the parameters of the sale to a short sale, and now their lender must approve. I understand the FHA HUD appraisal is tied to the house for 6 months, so we are being told the bank should no doubt accept, we are in escrow ready to close. What chance is there the bank will drag it’s feet or reject the offer altogether? Why would they? It has been a week and the seller’s agent is trying to get a decision from the bank? Do we hold off, we do have an appraisal contingency. Any advice is helpful, thank you!!!
Perhaps I was unclear, the reason this house went to being a short sale is because as a result of the FHA appraisal at 30K less than the accepted price, the seller owed more than the house is now appraised at. So the bank needs to approve the sale. Our loan was approved, we are all ready to close.
I am not sure why the appraisal would make this a short sale, when it was not before. The appraisal is not related to the original home loan. A short sale indicates you are paying less then what is owed to the bank.
If this is a short sale you are not "ready to close" you have another 10-12 weeks to get the short sale accepted. They are not likely to accept it (reject 80%) because they calculate all of their expenses into the sale, making what looks short to you even shorter. They are better off foreclosing, where they have a chance of getting the defienceny from the other borrower.
http://www.ColumbusOhioHUDhomes.com/
HUD OWNED 3BR Home near Westerville
OFFERED for $62,000
CASE NUMBER 413-412024
BID DEADLINE: 7/5/09
Can’t find anything affordable in a suburban School District? Well, here it is - cozy 3-level split with huge detached garage in Westerville Schools!
Please note: the sqft in the NHMSI website is incorrect - this house has 1,534 sqft and 1.5 baths.
It’s a great deal, too - comparable sales in the subdivision are around $75,000.
The main floor features a spacious kitchen with oak cabinets and a dining room. Laminate wood floors throughout.
The lower level houses the cozy family room with brick enclosed fireplace, a half bath and an unfinished basement with laundry area and extra storage.
Upstairs you will find 3 bedrooms and 1 full bathrooms.
Duration : 0:3:22
This 2/1.5 home is being offered for sale way below market value for the area.
Duration : 3 min 35 sec
http://www.ColumbusOhioHUDhomes.com/
HUD OWNED 3BR Home in HILLIARD
OFFERED for $120,000
CASE NUMBER 413-439239
BID DEADLINE: 7/5/09
Charming 3-level split home in HILLIARD on a huge corner lot, completely fenced in!
Please note: the sqft in the NHMSI website is incorrect - this house has 1,492 sqft and 2 full baths.
It’s a great deal, too - comparable sales in the subdivision are around $145,000.
The main floor features a very spacious family room with wood burning fireplace, laminate wood flooring and cathedral ceilings. The kitchen comes with oak cabinets and breakfast nook.
The over sized yard is perfect for family gatherings and enjoying the out doors. It is completely fenced in and there is a brick paver patio to put your furniture and grill!
http://www.ColumbusOhioHUDhomes.com/
Duration : 0:3:55
Buying a new home? For condos, townhouses and homes in the Arlington, MA area, we are your real estate leaders! Search our website for local Arlington real-estate agents and real estate listings. The Arlington area has so much to offer- whats important to you in choosing real-estate agents? For real-estate agents in Arlington, Massachusetts, we are your real estate leaders.
Duration : 35 sec
Nows the time- wheres the place? Call us- well help you find affordable housing! If you are searching for a new condo, townhome or house, our real estate agents get results in the Winchester, Mass. area. Visit our website to search for affordable housing in your price range! Make an informed choice for affordable housing in Winchester, Massachusetts. Watch this video.
Duration : 39 sec
I thought I read something about if you buy a HUD home you can not rent it out,I can't find the info on it. The reason I am asking is there has been a HUD home for sale and we were trying to buy it but someone had bid on it before us.It has been empty for 4 months ,now there is a for rent sign in the front. I am just very angry we are so low income we could of bought that home easily, now some greedy investor took our chances and is profiting from it!! Is the somewhere I can get more info? I went to the HUD site but got all confused.
We contacted to make a bid but they told us they got one and we couldn't even make an offer I guess we missed out I'm so mad.
HUD will use different deadlines for placing bids on HUD homes. The first deadline is usually for owner occupants, but if they don't get an acceptable bid it will be opened up to investors. A realtor registered to place bids on HUD homes can tell you the deadlines to place a bid, and who is eligible during that bidding round to bid.
http://www.EasyDenverHomeSearch.com - Sam Wilson goes over what a HUD home is and how to go about purchasing one. It's easier than you think plus there is an awesome down-payment program available on these great deals
Duration : 4 min 11 sec
http://www.ColumbusOhioHUDhomes.com/
HUD OWNED 4BR Home in Gahanna Schools
OFFERED for $147,000
CASE NUMBER 413-435053
BID DEADLINE: 6/28/09
Looking for a spacious home in the suburbs? This might be the perfect contender! Beautiful Dominion built 4 BR 2-story home in the Stonehill subdivision, conveniently located off Reynoldsbur-New Albany Rd, N of E Broad St.
It’s a great deal, too - comparable sales in the subdivision are around $170,000. RUN, don’t walk, and call us to see it!
The island kitchen features oak cabinets and a breakfast nook. The formal dining room is painted red - somebody was a huge OSU fan!
Upstairs you will find 4 bedrooms and 2 full bathrooms. The master suite features vaulted ceilings and a very spacious master bath with double vanity sinks, shower and soaking tub.
There is a good looking basement, ready to be finished.
http://www.ColumbusOhioHUDhomes.com/
Duration : 0:4:11
