x
NEXTA
Purchasing a HUD Owned Property- Texas
By Leesa Sandoval
HUD owned properties are a great place to turn when looking to buy a foreclosure in Texas, Louisiana, New Mexico, Oklahoma, and Arkansas for several reasons. Buyer Beware! Purchasing a HUD owned property is very different than an owner occupied property because they follow a “blind” bidding process. The bidding date is released by HUD, and each buyer submits their best offer-without the knowledge of any other bids. As long as HUD finds the highest offer acceptable, that offer is accepted. HUD also retains the right to refuse all offers.
Read MoreFannie Mae HomeStyle Rehab – High Balance
By Leesa Sandoval
By now you are probably familiar with the FHA 203k Rehab loan but did you know that Fannie Mae offers a rehab loan which may allow for more flexibility? The Fannie Mae HomeStyle Rehab loan allows for the installation/repair of luxury items as well as High Balance Loans – you are not limited to $417,000.00. In many cases we can finance up to $800,000.00 but the limits will vary from county to county. You may click here to review the county loan limits.
Read MoreWhat a Rehab Loan Can Do for You!
By Leesa Sandoval
The video you are about to watch was recently featured on REALTOR Magazine. It’s a great illustration of how you can take a foreclosed home and using one of our great rehab loans – FHA 203k or Fannie Mae HomeStyle Renovation Loan – turn it into the home of your dreams. Not only are these homes priced well but you will also find yourself in a great equity position.
Read More