Investing in the depressed economy
The current distressed economy has presented a unique opportunity for real estate investors in Metro Detroit. Since the mortgage crisis, Michigan has consistently been in the top ten states where homeowners are losing their homes to foreclosure. However, the market is becoming more competitive as national investors look to profit on anticipations of a market upswing.
As an investor here's how you can benefit:
PURCHASING UNDER VALUED HOMES
The US Department of Housing & Urban Development (HUD) has several programs
to assist homeowners and potential buyers.
Lets talk about HUD 203(K) Mortgage and Rehabilitation program
203(K) Can be used in the following manner:
* To purchase a HUD or 1-4 unit dwelling
* Refinance and rehab an existing dwelling
The unique 203(k) program is designated to spur homeownership and improve the quality
of existing homes. 203(K) is a streamlined process of purchasing a home with a FHA> backed loan while simultaneously securing funds to make improvements/upgrades to the home with one loan.
Click here for more information on 203(K) http://tinyurl.com/n8nj8y
Purchase an affordable HUD home and get funds to rehab it. The list below contains
some of the latest Metro Detroit HUD homes forsale.
As an investor here's how you can benefit:
PURCHASING UNDER VALUED HOMES
The US Department of Housing & Urban Development (HUD) has several programs
to assist homeowners and potential buyers.
Lets talk about HUD 203(K) Mortgage and Rehabilitation program
203(K) Can be used in the following manner:
* To purchase a HUD or 1-4 unit dwelling
* Refinance and rehab an existing dwelling
The unique 203(k) program is designated to spur homeownership and improve the quality
of existing homes. 203(K) is a streamlined process of purchasing a home with a FHA> backed loan while simultaneously securing funds to make improvements/upgrades to the home with one loan.
Click here for more information on 203(K) http://tinyurl.com/n8nj8y
Purchase an affordable HUD home and get funds to rehab it. The list below contains
some of the latest Metro Detroit HUD homes forsale.
