May 12, 2012
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This bidding strategy allows investors to get HUD homes in Columbus at discounts of more than 30% below list price in just 30 days. HUD houses are much easier to win for investors than other government or bank-owned REOs. This strategy may seem counter intuitive, but our research proves that it works for many Columbus home buyers.
Explains the difference between a home loan backed by Fannie Mae or Freddie Mac and a Non-Conforming loan option. From home loan provider in Boston.
Last week HUD released a new mapping tool that will make it easier for buyers to find government owned homes for sale. The so-called REO Portal shows Fannie Mae, Freddie Mac and HUD listings on a single map. You simply click on one of the markers to get details about a specific home. Give it a try!
The FHA could be on the verge of requiring a bailout, says a Bloomberg News column published this week.
July 06, 2011, 12:27 AM EDT By Kathleen M.
A good source for bank-owned Columbus OH homes for sale is Freddie Mac. Just like Fannie Mae they had to foreclose on many homes. Freddie Mac sells their homes on a website called HomeSteps.com. They do not offer any special financing, however, under their SmartBuy purchase program you get a 2 year home warranty as well as an appliance discount of 30%.