The most severe or unfavorable conditions are pretty clear: the homes are vacant and usually have no utilities turned on. All sales are "as-is" although yopu can get a home inspection and withdraw from the contract (owner-occupants only).

All sales are "as-is" although yopu can get a home inspection and withdraw from the contract (owner-occupants only).

However, there are great opportunities for getting a bargain or below market property. Building "sweat equity" is more likely. The main advantage to this is that you could resell the property in a shorter period of time and still expect to make a profit on the transaction.

Depending on property values in your area, it could be a great deal.

There are many different loan programs available to help you get the property inspected and repaired. You should be looking for one loan and one settlement for this purpose. There are FHA 203k loan programs as well as some Fannie Mae programs. A good real estate agent can refer you to lenders who have experience with these programs.

If you are not afraid to make some of the repairs. Get a professional inspection, work with an experienced real estate agent and lender. We are very experienced in this area and believe strongly that some of the best homeownership opportunities exist in HUD and VA foreclosures.

A good real estate agent can help you determine what is affordable for you in your area. I'll be happy to help you or refer you to someone in your area.

If done properly, you could build thousands of dollars in equity in a very short period of time.

There are Hud Homes in all price ranges and all markets. Check out our website for FREE access to the HUD and VA sites as well as other foreclosure sites.

Carlos Sagastume a real estate investor
http://baltimorehudhomes.com

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