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"As a first-time homebuyer, I was nervous about the entire process. Step by step, Joe made it easy and fun. His expertise in the Columbus real estate market is a tremendous asset. He is highly recommended!" - Nicolette Horan, March 08
"I wanted to say thank you again, so much, for all your hard work. I know that you really put a lot of time into this transaction and I really, really appreciate it. I'm so happy I got the house and it all worked out and I just wanted to say thanks again, you did a great job and i really appreciate it. I will put that on the survey when they send it to me.
If there is ever anything I can do for you, please don't hesitate to give me a call. I will refer every single person I know to you. I'm going to go get my dog and we're going to sit on the floor of our new house and have a glass of champaign. Thanks a lot Joe" -- Michael Mamp, Feb 08
100s of H.U.D. Homes will Soon Hit the Columbus Real Estate Market
April 21st, 2008 categories: Mortgage/Finance
The Department of Housing and Urban Development (HUD) is in charge of disposing of Foreclosed Homes in Columbus. Over the last 18 months or so, they have used 3 different middle man companies and are about to embark on the fourth.
Over the last 6 weeks or so, no new HUD homes have come on the market while the transition happens behind the scenes. Any day now, a new company called National Home Management Solutions will take over the servicing on the Columbus area HUD homes. When they open the flood gates, there will be quite a few homes coming the market. You can search for these homes here when they become available and you can call a Realtor, such as myself, to go and look at any of these homes.
You’ll often see people try to make a buck by charging you for lists of HUD homes in your area but all you have to do is go that web site and look for yourself. They will also be in the MLS and therefore on Realtor.com et al. What most buyers tend to find is that your typical HUD home is need of too much repair and not in the neighborhood they want to live in. A HUD home is simply a home that had an FHA mortgage that was foreclosed on.
While I predict an enormous increase in FHA loans this year and into the future, they haven’t been all that popular for “normal” neighborhoods and “normal” homes over the last few years because conventional loans were so easy to obtain.
If you’re quick on the draw though, you’ll be able to find an occasional HUD home in Columbus that fits all your needs and get it for a nice price. What I like most about the HUD home program is that it gives preference to owner occupants over investors. Smart first time buyers will find buying a HUD home a great way to walk into some home equity and, with a little elbow grease, sell a few years later and come out looking good.
Anne
April 22nd, 2008
That lightpost is kind of giving me the creeps!