HOT California HUD Home Sale! 10/28/2011

"All Offers Considered" HUD homes in California are moving fast! We're down to only three this week. You won't want to miss out on this great opportunity to purchase a home-HUD wants these homes moved and will look at anything-submit, submit, submit! And don't forget, in addition to a great deal, HUD will also credit up to 3% towards closing costs.

This cute A-Frame style home located in Coarsegold, CA (Madera county) is still available from last week-the only one out of eight! 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

If you missed out two weeks ago on this home-lucky for you it is back on the market with a huge price reduction! Now offered at $69,600. This home is situated in Sacramento with repairs exceeding $5,000 and therefore cannot be financed with a standard FHA loan, but does qualify for the FHA 203K rehab loan. It is a three bedroom, two bathroom home built in 1955 with 1,135 square feet and an attached one car garage. Appraisal value at $115,000 with an asking price of $80,500 two weeks ago. Case #043-662356

New this week on the “all offers considered” program is this newer manufactured home located in Madera county foothills of Coarsegold. Situated on 6.2 acres, this home manufactured in 1995 is waiting for you to make it your new home. It features two bedrooms and two bathrooms within 1,435 square feet. There is an easement to access the property and as the HUD labels are missing property is not eligible for standard FHA financing, but FHA 203K financing is available. HUD will credit buyers up to 3% towards closing costs.

For more information on any of these great California HUD home properties-give us a call and we would be more than happy to connect you with one of you Preferred Independent Broker Network Partners!