HUD homes in Baltimore become available in both Baltimore City and Baltimore County and this single family property features a covered carport and over 1,100 square feet of living space. It is FHA insurable with a Repair Escrow as all HUD homes are sold strictly as-is.

Baltimore HUD House- 960 Lance Ave.

Overview Maps Photos Description Free List of HUD Homes

$112,500 Single Family Home Main Features 2 Bedrooms 1 Bathroom 1 Unit Lot: 1,140 sqft Location 960 LANCE AVE ESSEX, MD 21221 USA To get updates on open home dates and other property events, please click the "Like" button below:

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Nishika Jones Urban Living Realty (410) 952-2641 listings@urbanlivingrealty.com http://www.TheHUDHomeList.com

Our recent listings Baltimore HUD House- 960 Lance Ave. Single Family Residential for $170,000 in EDGEWATER, MD Single Family Residential for $120,000 in DUNDALK, MD Townhouse for $120,000 in OWINGS MILLS, MD Condominium for $78,000 in TOWSON, MD Subscribe to our listing feed

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The price has already been reduced $12,500 but contact us for more information on a bidding strategy and how you can buy this home for even less! But don't wait...it's offered as part of a Daily Bid which means we have to confirm its availability each day.

Happy Holidays,

410-952-2641 phone/text

The HUD website to find the HUD property listings across the country is on ONE website, HUDHomeStore.com.

I'm still adjusting to the switch this year to the new asset managers and website, but most of the information on properties owned by the US Department of Housing and Urban Development can be found here.

There are a number of HUD Asset Managers who work with selling agents to ratify sales contracts, manage the properties and oversee the disposition of HUD homes for sale. But now there's one central website to see the HUD homes that are available for sale.

Check it out.....

Have you ever looked for HUD homes for sale on the HUD website?

All the best,

The Maryland Mortgage Program with CDA loans are a function of the Maryland Department of Housing and Community Development. DHCD implements housing policies to promote and preserve homeownership in the state of Maryland and CDA loans are a large part of that.

That's because CDA (Community Development Administration) loans currently have rates as low as 3.5% and even lower rates on short sales, foreclosures and other loan programs.  It’s a 30 year fixed rate mortgage loan that has down payment and closing cost assistance available as well.

CDA loans are for owner occupants only but you don’t necessarily have to be a first time buyer. Buyers who are purchasing in “targeted areas” do not have to be first time buyers. 

But you must attend homeownership counseling and acceptable credit is required.  CDA loans are underwritten to normal mortgage industry credit standards. A participating lender will be able to help you analyze your credit standing.

It’s also important to note that Federal law provides for a possible Recapture Tax when some homeowners sell their home within the first nine years after receiving a mortgage through the Community Development Administration’s (CDA) Maryland Mortgage Program.  The recapture tax is applied if both of the following criteria are met:

1. You sell or dispose of your home at a gain within nine years of acquiring it, and
2. Your income at that time no longer allows you to qualify

But to remove the confusion about having to repay a recapture tax, CDA agrees to reimburse any CDA homebuyer, who settles on their home on or after July 1, 2005, the amount of any recapture tax that the CDA homebuyer pays in connection with the sale of the home.

The free Maryland Mortgage Program kit describes in great detail the interest rates, down payment and closing cost assistance that's available, a list of approved Lenders, homeownership counseling agencies, and the 7 Quick Steps to Getting Started and more.

Pick up your FREE Maryland Mortgage Program kit, TODAY!

Or take a look at the full version below: Maryland Mortgage Program- Free Kit

For more affordable options to buy your first home in Maryland, contact us for more information.  We’d be happy to answer any questions you may have. No pressure.

Yours truly,