Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Lizzie asks…

Buy $1.00 HUD homes and sell them (online) to the Chinese for profits? Yes? No?

You could by a whole street of HUD homes for $20.00. Why not then post them for sale at, say, $500.00 each on some Beijing website? They can afford it.

Your Questions About Foreclosures

The Expert answers:

I don’t know where you are finding HUD homes for $20. Most of them cost several thousand at a minimum!

Your Questions About Foreclosures

Laura asks…

How would I become qualified for a HUD home loan?

I found a website that lists some homes in my area that are supported by HUD home loans, my question is WHERE do I go to become qualified for the HUD home loan? I am not sure if I can due to my salary, which may be just above the requirements.
I live in Kansas if that helps. Thanks.

Your Questions About Foreclosures

The Expert answers:

Choose your state from the site below you can get a list of HUD available homes in the area.
(This is for other readers in other states too.)

The Second site go to the counseling agencies there you will find out how to work with HUD they don’t loan you the money but sort of back the load, certain criteria must me met when buying sale and foreclose of the HUD homes they have many on line seminars and its rumored on line classes are coming also

You have to attend an “orientation” or perhaps now its on line then your set

Your Questions About Foreclosures

William asks…

Hud homes in up state NY?

I am currently looking for a “cheep” home. I do qualify for hud homes but everywhere i look you have to pay money to get the listings does anyone know where i can get a list of them for free like a public office or something?…

Your Questions About Foreclosures

The Expert answers:

Visit any real estate agent and they will be happy to send a list your way. Any agent will due, dont be shy!

Your Questions About Foreclosures

John asks…

do you have to have a clear back round to stay in hud homes?

my hubby was let to live in are apartment for 5months and now the mang. is saying he is no longer allowed on this property at all and we have 2 kids he has a charge that is back from 2007 this isntt far

Your Questions About Foreclosures

The Expert answers:

He;s a felon? He has to go. Completely fair. You must have lied on the application.

Your Questions About Foreclosures

Ken asks…

Is it easy to qualify for a mortgage when buying a HUD home?

With the current lending standards, i’m wondering if the same applies to HUD homes. I live in texas and found a hud home that’s listed for $95,000. My credit score is about a 620 which i know is horrible. Is it possible to qualify for a loan and about how much would our payments be?

Your Questions About Foreclosures

The Expert answers:

Good news, if you buy a HUD home with an FHA loan you can actually get in with just $100 down in stead of the normal 3.5% down!
As long as your mid score is a 620, you should be fine as long as you don’t have things like a foreclosure, bankruptcy, judgment or tax liens on your credit. If you do have any of these things it will be a little more difficult.

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Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures

Your Questions About Foreclosures

Your Questions About Foreclosures