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Posts Tagged ‘hud’

Reo North Carolina

December 25th, 2010 Comments off

Reo North Carolina

Reo North Carolina 2 Reo North Carolina

Reo Indiana

December 22nd, 2010 Comments off

Reo Indiana
Reo Indiana 5 Reo Indiana
What year did the REO band played on the docks of Fort Wayne Indiana?

I try to find the year of the happiest days of my life. REO band played New Year's Day to the docks nightclub in Fort Wayne Indiana would be late mid 90s.

I do not know, but I saw 45 minutes from Fort Wayne and have been several times to Peter. Call or email and ask. They keep records of such things.

 Reo Indiana
 

 Reo Indiana


1970s? Matchbook Farmers State Bank Reo Rockport IN Spencer Co Indiana


$2.74


 Reo Indiana


1921 1922 1923_Federal/Commerce/Garford/Indiana/Atterbury/Larabee/Clydesdale/REO


$79.95


 Reo Indiana


1915-19 1920 1921 1922 Indiana Federal Mack Reo Diamond T Mogul White Studebaker


$99.00

Fha Reo Properties

December 19th, 2010 Comments off

Fha Reo Properties
Fha Reo Properties 4 Fha Reo Properties
FHA loan and the offer?

I'm putting an offer on a bank REO property. It needs a new roof and power is a nightmare. As it comes to security issues, I can not get a FHA 203K loan as it would have to be fixed. I've been reading that banks do not like dealing with fixing of these things and just want the best deal. There are a couple of other deals are not asking price. This property has a value well above list price. Should I offer list price and add these to be fixed, or should I go over a little? Please help!

If you submit an offer on a REO usually not accept any provisions for repairs and also not allow you to make repairs before the closing to obtain approval from the FHA. In recovery they know they will have a loss so who wants it over as quickly and easily as possible, the bank has probably hundreds of them to liquidate. That is why buyers with cash can get such great deals right now who are willing to pay can not get financing for households that do not pass a health inspection and security.

Maryland Reo Properties

November 26th, 2010 Comments off

Maryland Reo Properties
Maryland Reo Properties Maryland Reo Properties

Fha Foreclosure Homes

November 7th, 2010 Comments off

Fha Foreclosure Homes
Fha Foreclosure Homes 5 Fha Foreclosure Homes
Foreclosure and FHA loans?

I have 100k pre approved. I found a foreclosed home for 84k, would put an offer on the table and the loan allows me to get about. 5k to replace the carpet and other small household items? The house is sold as is, so you can not ask the bank for compensation to fix the house. I was thinking about putting an offer of 75k and the bank pays the closing costs. but they said they have several offers … so I offer 78k and have to pay the closing costs? What do you think? (This is taking place in South Carolina)

It is good that has previously been approved (No "pre qualified" no?) For $ 100,000. However, the assessment will dictate the terms of the bank that is equity in the property gives the bank guarantee for the loan. Are you saying that the bank before it adopted a set without payment, as 20% down? Since this is a foreclosure property is $ 84,000 the amount owed on the previous mortgage? If you are a purchaser in good faith, ask to see the other bids, and and evaluation. If the assessment is presented in more than $ 84,000, and you have a steady job, good salary and good credit, and in the same bank that will the mortgage if you can get a small credit line after the close of the repairs. Do not think you can dictate the terms on a bank owned property, such as that the bank "to pay closing costs." Find a local title insurance company online, and find out which party is responsible for costs closure in the county of purchase. If you want the house, put $ 17K down payment for 20% insurance to waive the mortgage, and then fix the house yourself. Low Ball foreclosure homes can be counterproductive. The time the ball low pre-foreclosure.