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Santa Ana HUD Home SFR Listed at $365,000

Santa Ana HUD Home SFR Listed at $365,000

1513 N Linwood Avenue, Santa Ana, CA, 92701

HUD HOME!

Santa Ana HUD Home

This Santa Ana HUD Home offers a nice sized lot with Detached Garage. Wood flooring, Fireplace in Living Room. This HUD owned home is available for only owner occupants at this time but wil be available for FHA financing. with a repair escrow to address some minor repair issues. It is also available for FHA 203K, Conventional financing or cash purchases. Don’t miss out on this great HUD Home.

Santa Ana HUD Home

 

 

 

 

 

You can learn more about the HUD Selling process at www.HUDHomeStore.com

Or watch our Video here

Beautiful HUD Owned Condo in Aliso Viejo! $328,000 FHA approved!

HUD Owned Condo in Aliso Viejo

screenshot Via Bacchus

 

 

 

 

 

 

 

 

 

35 Via Bacchus, Aliso Viejo, CA 

FHA Financing ok. Buy with just 3.5% down!

2BR/2BA Condo offered at $328,000

 

HUD Owned! Laminate Wood Floors with Fireplace in Living Room. 2 level condo. Assoc Pool. Nicely upgraded HUD Home. FHA financing is approved for this home. You can qualify with only 3.5% down. The home is available only for owner occupant buyers for the first 30 days. Investors may not make offers during this time.

Only Brokers with valid NAID numbers are eligible to submit offers for buyers on this property.

HUD Homes offer terrific benefits to FHA Buyers:

  • FHA buyers can get section 1 termite repairs completed for free.
  • FHA Appraisals have already been done on HUD Owned Homes. Therefore if you buy a listing with a valid appraisal the appraisal is free!
  • Hud will also pay for up to $4000 worth of Lead Based Paint repairs on pre-1978 properties.
  • If the condo complex is no longer FHA approved, HUD will still approve an FHA loan on a HUD owned home.
Year Built 1990
Sq Footage 1,162
Bedrooms 2
Bathrooms 2 full, 0 partial
Floors Unspecified
Parking 1 Car garage
Lot Size 3,049 sqft
HOA/Maint $299 per month

Cash home sales in California set record | A reason to buy CA HUD Homes in Orange County

Cash home sales in California set a record high! Another great reason to buy HUD Homes for Sale in Orange County.

In the article below Housingwire explains that cash home sales in California hit a record high due to investor activity. HUD Homes are marketed to owner occupied buyers. All insurable ( qualify for FHA financing) HUD homes are sold only to Owner Occupant buyers for the first 30 days they are listed. This gives owner occupant buyers a great chance to buy HUD home without investor competition. This will ultimately lead to more favorable pricing on HUD home purchases rather than regular market or REO/ bank owned purchases.

Owner occupant buyers can greatly benefit by looking at HUD owned homes in Orange County, CA. Jesse Madison is a Local Listing Broker for PEMCO, LTD. An Asset manager for HUD in Orange County, CA

 

From Housingwire.com

California home sales reach record high

2/6/13 4:18pm
HUD Homes for Sale in Orange County

The number of homes in California purchased with cash hit a record high last year, undoubtedly a result of high investor interest, a difficult mortgage environment and perceived higher returns on investment, according to real estate data firm DataQuick.

The total number of properties paid for with cash reached 145,797 in 2012, up from the previous record high of 125,812 in 2011.

The significance of these numbers is evident when looking back at 2007, when there were only 39,731 cash sales, according to San Diego-based DataQuick.

“It’s clear that a lot of today’s housing market recovery is being fueled by people putting their own money into homes. Some cash buying is part of a normal housing market, but we’re at twice that normal rate,” said John Walsh, DataQuick president.

Walsh says there are a number of different demographics that are buying with cash. There are the standard wealthy homebuyers, buyers from abroad, retirees and empty nesters.

Of California’s overall home sales last year, a record 32.4% were cash purchases. This more than doubles the annual average of 15.6% from 1991 to 2012.

“Today, a lot of buyers are chasing what they view as the deal of a lifetime,” said Walsh.

To see a breakdown of cash purchases throughout California, click here.

California Officials Take Down National Foreclosure Rescue Fraud Ring via DSNews.com

BY: CARRIE BAY 08/19/2011

via www.DSNews.com

California’s attorney general and the state’s Department of Justice have taken down a fraud ring of legal firms and attorneys that officials say swindled thousands of homeowners out of millions of dollars by convincing them to take part in mass lawsuits against their lenders.

Fraud ScamAttorney General Kamala Harris has sued Philip Kramer, the Law Offices of Kramer & Kaslow, two other law firms, three other lawyers, and 14 other defendants who are accused of working together to defraud homeowners across the country through the deceptive marketing of “mass joinder” lawsuits. Mass joinder lawsuits involve hundreds, or more, individually named plaintiffs.

Kramer’s firm and other defendants were placed into receivership on August 15. The legal actions were designed to shut down a scheme operated by attorneys and their marketing partners, in which defendants used false and misleading representations to induce thousands of homeowners into joining the mass joinder lawsuits against their mortgage lenders.

Defendants also had their assets seized and were enjoined from continuing their operations. Nineteen special agents from the California Department of Justice participated as the firms were taken over on August 17, along with 42 agents and other personnel from HUD’s Office of Inspector General, the California State Bar, and the Office of Receiver Thomas McNamara.

Fourteen office locations in Los Angeles and Orange counties and 16 bank accounts were seized in the massive sweep.

“The defendants in this case fraudulently promised to win prompt mortgage relief for millions of vulnerable homeowners across the country,” said Attorney General

Harris. “Innocent people, already battered by the housing crisis, were targeted for fraud in their moment of distress.”

It is believed that at least two million pieces of mail were sent out by the defendants to victims in at least 17 states. The defendants’ revenue from this scam is estimated to be in the millions of dollars.

“The number of lawyers who have tried to take advantage of distressed homeowners in these tough economic times is nothing short of shocking,” said William Hebert, president of the State Bar. “By taking over the practices of four attorneys accused of fraudulent marketing practices, the State Bar can put a stop to their deplorable conduct as part of our ongoing effort to protect the public.”

The California attorney general’s office says the defendants led homeowners to believe that by joining these lawsuits, they would stop pending foreclosures, reduce their loan balances or interest rates, obtain money damages, and even receive title to their homes free and clear of their existing mortgage. Defendants charged homeowners retainer fees of up to $10,000 to join as plaintiffs in a mass joinder lawsuit against their lender or loan servicer.

This mass joinder scam began with deceptive mass mailers, the attorney general’s lawsuit alleges. Some mailers, designed to appear as official settlement notices or government documents, informed homeowners that they were potential plaintiffs in a “national litigation settlement” against their lender.

No settlements existed and in many cases no lawsuit had even been filed, Harris says. Some consumers lost their homes shortly after paying the retainer fees demanded by defendants.

The Department of Justice has seized the practices of the following non-attorney defendants: Attorneys Processing Center, LLC; Data Management, LLC; Gary DiGirolamo; Bill Stephenson; Mitigation Professionals, LLC; Glen Reneau; Pate Marier & Associates, Inc.; James Pate; Ryan Marier; Home Retention Division; Michael Tapia; Lewis Marketing Corp.; Clarence Butt; and Thomas Phanco.

The State Bar has seized the practices and attorney accounts of the attorney defendants: the Law Offices of Kramer & Kaslow; Philip Kramer, Esq; Mitchell J. Stein & Associates; Mitchell Stein, Esq.; Christopher Van Son, Esq.; Mesa Law Group Corp.; and Paul Petersen, Esq.