$34,225


3 Beds   1 Bath   1,005 Sq. Ft.

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N Sherman St
Bay City, MI 48708

Status: Inactive
Listing ID: 9755357

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Property Information

  • Price: $34,225
  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,005
  • Garage: 1
  • Basement: Unfinished
  • Total Rooms: 6
  • Style: Bungalow
  • Heating Type: Gas Warm Air
  • Air Conditioning: Central Air
  • Year Built: 1872
  • Property Description: Detached
  • Days On Site: 5029
  • Appraised Date: 01-05-2008
  • Appraised Value: $37,000
  • MLS Number: 262-153677
  • Deposit: $2,200
  •  

HUD Home

Purchase this incredible HUD home with a low down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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N Sherman St
Bay City, MI 48708

3 Beds   1 Bath   1,005 sq. ft.

$34,225

Status: Inactive Listing ID: 9755357

Property Information

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Property Description

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