Charlotte Area Real Estate

HUD FORECLOSURES FOR ONLY $100 DOWN OR 50% OFF?? REALLY??

Sam Nueman, SFR — Mon, 31 May 2010 18:28:00 GMT

Many buyers and even real estate brokers don't know about the different HUD programs available for buyers. Do you know you can purchase a HUD home for just $100 down and even be able to finance the needed repairs into your loan? Do you also know you can purchase a nice HUD home and only have to pay %50 of the sales price back depending on your occupation? Well, this is real and true!

I have successfully helped many of buyers take advantage of these programs for years. When seeking for a real estate broker it's important to know if that broker is knowledgeable with the HUD programs and if his or her agency is HUD certified? HUD will only allow agencies that are certified with them to assist buyers with the process. That's why other agents/ brokers refer clients to me since I have been quite successful with it.

Ok, here is the nitty gritty with some of the programs:

$100 Down Program
- You have to be pre-qualified or pre-approved for an FHA loan.
- The homes have to be on the HUD foreclosure lists which comes out every Friday.
- If your offer price is greater than $50,000, your earnest money deposit will need to be $1,000 which you can get back at closing if closing cost are taken care of. - Buyers have to intend to live in the home 'Owner-Occupant'.
- And you can close within 45 days.

50% Off Current Appraised Value (Good Neighbor Next Door) Program
- The same as the $100 Down Program except...
+ Buyers have to be a full time Teachers, Firefighters, Emergency Medical Technicians or Law Enforcement Officers.
+ You can not participate if you have owned a residential real estate for 1 year prior to your submission.
+ You have to live in the house for 3 years.

For more information on these programs and others, you can contact me at Sam@NuemanRealEstate.com
For HUD foreclosure homes click on this link: http://www.nre4you.com/HUD_FORECLOSURES/page_2215182.html

Your Experienced Real Estate Broker
Sam Nueman
www.NRE4YOU.com

BYE BYE $8,000 TAX CREDIT!!

Sam Nueman, SFR — Tue, 20 Apr 2010 22:34:00 GMT

There is no question that the first-time homebuyer $8,000 tax credit has been very popular. And after so many buyers have taken advantage of this program, the end time is sadly near. You only have 10 days left to get a house under contract and close on it by June 30th. This program is basically is FREE Money for you to buy a home that you already are going to buy. Think about it. If you are renting, paying about $1,100 a month you are not going to get any of that money back at the end of the year. That's $13,200 annually you are throwing away! With $1,100 a month you can buy a much bigger home, get a tax write off on the interest, real estate tax, energy efficient programs, etc. Plus your portion of your mortgage payments will go towards reducing your principal balance. So if you think about it, you are getting paid to buy a house.

With that being said, make sure you are financially ready to become a home owner because after that $8,000 runs out you want to still be able to maintain the payments. That’s why I have 2 to 3 mortgage professionals standing by ready to assist any client of mine. If you are interested in taking advantage of the tax credit, this is not a time to shop around without a Realtor. Remember, sellers pay for all commission for both agents and if they aren't, you will know ahead of time before you make an offer on a home. So don't wait too late to hire an experience real estate broker, call or email me today!

Sam Nueman, SFR
704-747-2289 Cell

Price Reduced on 3114 Twin Falls Lane in Callaway Plantation

Sam Nueman, SFR — Fri, 02 Apr 2010 20:55:00 GMT

Callaway Plantation, Matthews - Announcing a price reduction on 3114 Twin Falls Lane, a 1,476 sq. ft., 2 bath, 3 bdrm ranch. Now MLS® $144,900 - Reduced!!!.

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