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Foreclosure in Dorr : Real Estate Advice

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Activity 2
Sat Mar 11, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

There are USDA loans available. You can get up to 100% financing.

I would need more details to determine if you qualify.

You are welcome to get in touch with me if you would like help with this or have any questions. ... more
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Sun Mar 9, 2014
Michael Warren answered:
Hi Brenda

I went to a Selling HUD home seminar and was told by the company that handles some of the listing for HUD in Michigan the highest net bid is what HUD accepts regardless if it was cash or financing. Net is offer amount minus commission, seller concessions, etc. In case of a tie, the offer submitted first would win. They suggested bidding an odd amount. If you are getting a FHA loan any amount you bid over the list price (which is the appraisal amount, unless the price has been reduced you would need to bring that additional amount to closing, on top of your other closing and down payment costs. If you are looking to purchase a HUD house, you need to work with an agent who has experience working with HUD transactions.

Good luck.

Mike Warren, Broker
Brookfield Realty
39500 High Pointe, Suite 140
Novi, MI 48375
... more
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