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Muskegon Hud Homes for sale and information about buying.

Please follow this link and then type in Muskegon and you will get the most up to date Hud listing info. After you check them out let me know what property you would like to see.

http://www.mcbreo.com/st_mimain.htm

Revised Owner Occupant Sales Incentive

$100 Down Payment Finance Option (FHA financing only)
$2,500 Sales incentive (for properties with a purchase price $25,000 or greater)
$500 Broker bonus (for properties with a purchase price of $25,000 or greater)

Beginning October 1st, 2008 all owner occupants (excluding HUD approved non-profit organizations, Good Neighbor Next Door participants, and units of local government) will receive $2,500 at closing for properties with a purchase price of $25,000 or more.
The $2,500 sales incentive can be used for the following items (for offers accepted after 10/1/08):

• Closing Costs
• Tax Pro-rations
• Repairs to the home
• Replacement of items in the home
• Pay down the unpaid principal balance of an FHA insured Mortgage

If the funds are used for repair or replacement of items the incentive will be deposited in a repair escrow account for FHA financed sales or reimbursed upon submission of receipts.

HUDs remain one of the best deals out there inMuskegon. They are easy to see, easy to bid on and most of all title issues are always taken care of (eventually). HUD homes range in price from 1500. all the way up to 150,000. I have seen HUD homes that are in perfect condition and those that need complete overhauls.

Owner occupants are the main reason that HUDs exist. If you are someone looking for a great deal on a home for yourself, HUD gives you priority over any investor. HUD is primarily a program for owner occupant buyers and there are many great deals to be had. Despite what you may or not have heard about problems with financing HUD offers a great program for people who buy to live in a HUD home. 2500 down can buy many HUD homes for owner occupants! Today many homes are not bidded on by owners and go to investors. Call me today to learn more about the process and what types of homes qualify for this and other programs.

One of our lenders has a incentive program for HUD FHA homes, Homes that were FHA and foreclosed.
1. Only $100 down, Michigan is $1000 but the borrower will get back $900 at close
2. Hold up to $5,000 in Repair Escrow Above the Purchase Contract Price
3. Use the HUD appraisal that was Originally Done
4. Up to 6% seller concession Avalible
5. realtors (sellers) get an additional $500 incentive
6. Buyer receives a $2,500 incentive towards closing cost.
7. Down to a 580 FICO Approved Eligible
*** here is the kicker if they are a first time home buyer or not owning a home in 3 years they also still qualifie for the first time home credit of up to $7,500 tax credit.


Ashley E Crane
Lake Pacor Home Mortgage
20 S. 5th St.
Grand Haven, MI. 49417
office: 616-847-3440



David Medendorp CCIM, GRI, CRS

www.sellmuskegon.com

www.altpropertymanagement.com

Posted Thursday Dec 25