Your best bet is to contact a local real estate agent who can sift through the listings to see which houses have been fixed up. You also can look through listings on sites like this one, but you may find that some sellers exaggerate a bit.
There is a 3 bedroom 2 bath tri-level in Hammond that will rent with option $1050 per month. It has a fenced in yard and 2 1/2 car garage. Also a 3 bedroom 1 bath brick ranch in Whiting that will rent for $990 per month. It has a 2 car garage. If you would like me to send the listings to you please email me at email@example.com Thanks Vivian... more
This home was taken off the market on July 2nd. It is bank owned and I will do some research to locate the bank that owns the home and get back to you. The listing price of this property was $32,900 while it was listed.
It will depend upon the condition of the house. If the house is in livable condition (kitchen and bath are in working order) then you can get a conventional loan.
If the loan needs minor rehab ($35,000 or less) you could do a FHA 203B (Limited K). If it needs major rehab you would need to do a 203K, which would also entail hiring a general contractor and other items.
If you decide to go the route of a conventional loan I would be happy to help, we're located in Indianapolis.
Jeremiah M. Wean
Lakewood Lending Group, LLC
This is a question best directed to your real estate professional that is assisting you through the "foreclosure" process. The reality is that not all banks will accept paying a portion of the closing costs.
Are you making a full price offer? If you are low balling the bank and asking them to contribute toward the closing you may be looking at a lost cause. What does your aget recommend?