search foreclosure information

New to Avoid-Foreclosure-Services? Here you'll find a free answers to foreclosure questions and how to stop foreclosure!

help prevent foreclosure Simply quote your foreclosure refinance and receive a free advice from foreclosure specialists. You have nothing to loose. Compare ways to stop foreclosure safely and securely.

Relevant searches
What other people who read this article are searching for:


  • Hud Homes For Sale
  • Affordable Homes For Sale
  • Fha Homes For Sale
  • Available Home For Sale
  • Homes For Sale
  • Mortgage Homes For Sale
  •  

    Why Buying a HUD Home Isn't Like It Used to Be?
    by Nishika Jones-Green


    Whatever happened to buying a HUD home as an affordable option?

    A little background would be helpful for those who aren't aware that a HUD home is a home that was purchased with an FHA loan that the Buyer/Borrower was no longer able to maintain the monthly payment on, and the Lender would use the mortgage insurance to have HUD satisfy the loan. HUD then takes title to the property, has it appraised, and offers it for sale AS-IS; typically with the help of real estate brokers.

    Sometime between 2002 and 2003 as the market was becoming an aggressive Seller's market; it was decided that FHA loans were too much trouble. The appraisal standards were stricter and Seller's were required to pay loan costs on behalf of the Buyer. As the sub prime industry was growing and creating conventional products with low or no down payment requirements, it became common practice that the only way a Buyer's offer would even be considered when competing with a number of other offers was if it included Conventional financing and not FHA.

    This leads to what has been a drastic decline in the number of HUD properties offered weekly.

    Ironically in 2005, HUD opened it's Good Neighbor Next Door Program which offers a 50% discount on particular properties that were only available to Teachers and Police Officers initially to include Firefighters & Emergency Medical Technicians. The goal is to contribute to community revitalization by requiring the participants to reside in the property for a minimum of 36 months. Although there are fewer HUD properties available there are now more participants.

    There isn't anyone who wouldn't agree that it is ideal that the program be open to all who work in a public service capacity, but the truth is that with the decline in the number of properties and the increase of eligible participants; even fewer are able to actually acquire a home with the discount.

    I have had the pleasure to work with at least 50 families with this special program that has a number of nuisances that require expert assistance.

    As FHA financing becomes more popular with the implosion of the sub prime industry in early 2007, we anticipate there will be an increase in available HUD homes and an opportunity for those invited into the program in early 2005 to actually participate. We, of course, hope there are never too many HUD homes available as that would mean that many families would have lost their homes.

    Program updates and links to available HUD homes can be found on our website, http://www.urbanlivingrealty.com

    Nishika N. Jones-Green became a licensed REALTOR in July 2000. She obtained her broker's license and opened Urban Living Realty, LLC in August 2003. Named one of 30 under 30 in the May 2002 Realtor Magazine, Rookie Realtor of the Year for the Greater Baltimore Board of Realtors 2003, and Consultant to Baltimore City's SCOPE (Selling City Owned Properties Efficiently) program.

    More info on your stop foreclosure information search:

    Get Free Foreclosure Advice and Free Refinance Quotes
    Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...


    HUD Homes for Sale-Five Things Home Buyers Needs to Know Before Making a Bid
    HUD homes for sale are FHA insured loans that have been foreclosed and HUD has taken possession of the HUD houses. HUD assigns the HUD house to a Management and Marketing Contractor. The M&M contractor has cleaned it up the HUD house and had it appraised by a FHA appraiser. The rules for buying HUD ... more...

    Foreclosure Homes in Henderson, Nevada
    Foreclosure homes in Henderson, Nevada are mostly settled through the non judicial approach. Rarely does the need for a judicial foreclosure arise. In cases where there has been deficiency judgment, or if the power of sale was not included, the foreclosure has to be carried out judicially. It could ... more...

    Five Common Mistakes Made Buying HUD Homes for Sale
    You may have gone by a house and saw the orange stickers on the front door or windows. You looked at the sign stating this was a HUD homes for sale. It also said to contact a local real estate agent. You looked around the property and thought this is what you have been looking for as a home for ... more...

    Government Foreclosures
    You can buy real estate properties from the government at low and discounted prices through government foreclosures. Get some tips, info and guide on government foreclosures and how you can avail of these properties and invest for yourself a lifelong wish. You can buy investment properties, land, ... more...


    More on hud homes for sale...

     

    avoid foreclosure services
    Home
    search foreclosure info answers
    Search
    about  us
    About
    privacy policy
    Privacy
    terms of service
    Terms
    contact us
    Contact
    information for doeclosure specialists
    Agents
    Foreclosure Refinance: Stop Foreclosure Refinance , FHA Foreclosure Refinance, VA Foreclosure,
    Ways to Stop Foreclosure: How to avoid losing your home, Foreclosure Help Loans, We pay cash for houses, Foreclosure Mitigation, stop foreclosure in Alabama, stop foreclosure in Alaska, stop foreclosure in Arizona, stop foreclosure in Arkansas, stop foreclosure in California, stop foreclosure in South Carolina, stop foreclosure in North Carolina, stop foreclosure in Colorado, stop foreclosure in Connecticut, stop foreclosure in Dakota, stop foreclosure in DC, stop foreclosure in Delaware, stop foreclosure in Florida, stop foreclosure in Georgia, stop foreclosure in New Hampshire, stop foreclosure in Hawaii, stop foreclosure in Idaho, stop foreclosure in Illinois, stop foreclosure in Indiana, stop foreclosure in Iowa, stop foreclosure in New Jersey, stop foreclosure in Kansas, stop foreclosure in Kentucky, stop foreclosure in Louisiana, stop foreclosure in Maine, stop foreclosure in Maryland, stop foreclosure in Massachusetts, stop foreclosure in New Mexico, stop foreclosure in Michigan, stop foreclosure in Minnesota, stop foreclosure in Mississippi, stop foreclosure in Missouri, stop foreclosure in Montana, stop foreclosure in Nebraska, stop foreclosure in Nevada, stop foreclosure in New York, stop foreclosure in Ohio, stop foreclosure in Oklahoma, stop foreclosure in Oregon, stop foreclosure in Pennsylvania, stop foreclosure in Tennessee, stop foreclosure in Texas, stop foreclosure in Utah, stop foreclosure in Vermont, stop foreclosure in Virginia, stop foreclosure in Virginia, stop foreclosure in Washington, stop foreclosure in Wisconsin, stop foreclosure in Wyoming
    Foreclosure Laws: How to avoid losing your home, Alabama, Alaska, Arizona, Arkansas, California, South Carolina, North Carolina, Colorado, Connecticut, Dakota, DC, Delaware, Florida, Georgia, New Hampshire, Hawaii, Idaho, Illinois, Indiana, Iowa, New Jersey, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, New Mexico, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Virginia, Washington, Wisconsin, Wyoming
    Avoid-Foreclosure-Services.com is a free tool to find foreclosure information when your need it most. Avoid-Foreclosure-Services.com is not a lender, broker, foreclosure mitigation company, or affiliate of any foreclosure financial services. © 2007-2008