HOT California HUD Home Sale! 10/18/2011

Check out these eight California Hot HUD Home Sale properties! The following homes need an offer now and HUD is willing to look at all offers. What that means to you-is a great opportunity to purchase a home with a highly motivated seller. In addition, HUD will credit buyers up to 3% towards closing costs and if you're using FHA financing-a FHA appraisal has already been done. Contact Waller Real Estate today for more information or to set up an appointment with one of our partners in our Preferred Independent Broker Network!

Starting with the city of Burson located in the central California county of Calaveras, we have a two bedroom, three bathroom home built in 1980 with 2,812 square feet with a current asking price of $253,600. The home features laminate flooring with a cozy stone fireplace in the family room, open floor plan and deck at the rear of the home. The original appraisal value is listed at $317,000 with FHA financing available in it's as is condition. Case #043-762270

Bring the family home to this cute three bedroom, two bathroom home with 1,802 square feet located in the city of Stockton within San Joaquin county. The home was built in 1949, but has been updated with tile flooring in the kitchen and dual pane windows. There is a repair escrow on this property of $1,925 which can be financed into your FHA loan. The appraisal value for this home is $106,000 and is currently available with an asking price of $84,800. Case #043-782965

This cute A-frame style home is located in the foothills of Madera county within the town of Coarsegold. Featuring one bedroom and one bathroom with 960 square feet on 1.26 acres! The home is a part of the Yosemite Lake Owner's Association HOA with annual fees of $823; Additionally, the home does qualify for FHA financing with a repair escrow amounting to $2,585. The appraisal value of this home is $69,000 and is currently being offered for sale at $48,300. Case #045-541581

Moving down south to the Santa Barbara county town of Lompoc, this bungalow style home built in 1951 features three bedrooms and one bathroom within 932 square feet and a detached garage. Tile and laminate flooring highlight the interior of the home. There is a repair escrow on this property if using FHA financing of $1,430. The appraisal value is listed at $135,000 and is now being offered for sale at $81,000. Case #197-322985

Wow! a lower unit one bedroom, one bathroom condo in the Ventura county city of Simi Valley. HOA fees are $285 monthly. The unit has a total of 535 square feet. Owner occupant buyers only on this deal as there are occupancy restrictions that are part of the HOA. The appraisal value is $110,000 with a current asking price of $88,000. Case #197-353184

Moving inland now to San Bernardino county-I wrote about this one in my last post on September 25th-the home is located in Helendale. Constructed in 1981, the home features three bedrooms and three bathrooms within 1,845 square feet. It is part of a HOA with fees of $160 monthly. Additionally there is a small repair escrow in the amount of $330. The appraisal value is listed at $118,000 but is now offered for sale at $82,600. Case #048-453716

Also located in San Bernardino county, this home is in the town of Barstow and is new to the list. This home has a total of 1,809 square feet and features three bedrooms and one and one-half bathrooms. Due to necessary repairs exceeding $5,000, the home does not qualify for standard FHA financing-but the FHA 203K rehab loan will work. The appraisal value is $50,500 with a current asking price of $40,400. Case #048-477377

The final home this week was featured in my September 25th post as well. Located in the Imperial county town of Calipatria with a current asking price of $33,000. The home features three bedrooms and one bathroom with 1,554 square feet. Due to an un-permitted garage conversion, standard FHA financing is not available, but don't let that stop you! The home qualifies for FHA 203K rehab financing. The appraisal value for this property-$55,000. Case #044-423572

Equal Housing Opportunity!