Comments on: Did You Know that there are 3 Categories of Columbus HUD Homes? http://www.columbusohiohudhomes.com/hud-how-to/did-you-know-that-there-are-3-categories-of-columbus-hud-homes Columbus HUD Homes, Bank REO's and Shortsales for Sale in Central Ohio Fri, 01 Jan 2010 05:37:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Susanne Novak http://www.columbusohiohudhomes.com/hud-how-to/did-you-know-that-there-are-3-categories-of-columbus-hud-homes/comment-page-1#comment-10 Susanne Novak Thu, 13 Aug 2009 13:06:18 +0000 http://www.columbusohiohudhomes.com/uncategorized/did-you-know-that-there-are-3-categories-of-columbus-hud-homes#comment-10 Hi Dan, Yes, you can use any type of loan to fund the purchase of a HUD property. If you want to use VA, the property has to be in pretty good condition. IN (insurable) and IE (insurable with repair escrow) are the categories you should be looking for. Cosmetic repairs like paint and carpet are ok, but no major repairs. I have helped several clients with the purchase of a HUD where we used VA financing. The property on Shawnee Dr in Pataskala that you were interested in went into contract earlier today: http://hud1.towerauction.net/cgi-bin/e24_select_property.cgi?id=413405507&office=e24&state=OH About 33% of all HUD homes fall out of contract again, so there is a realistic chance that this one gets re-listed again! Let me know if you have any other questions! Susanne Hi Dan,

Yes, you can use any type of loan to fund the purchase of a HUD property. If you want to use VA, the property has to be in pretty good condition. IN (insurable) and IE (insurable with repair escrow) are the categories you should be looking for. Cosmetic repairs like paint and carpet are ok, but no major repairs. I have helped several clients with the purchase of a HUD where we used VA financing.

The property on Shawnee Dr in Pataskala that you were interested in went into contract earlier today: http://hud1.towerauction.net/cgi-bin/e24_select_property.cgi?id=413405507&office=e24&state=OH

About 33% of all HUD homes fall out of contract again, so there is a realistic chance that this one gets re-listed again!

Let me know if you have any other questions!

Susanne

]]> By: Daniel L Straty http://www.columbusohiohudhomes.com/hud-how-to/did-you-know-that-there-are-3-categories-of-columbus-hud-homes/comment-page-1#comment-9 Daniel L Straty Thu, 13 Aug 2009 00:32:25 +0000 http://www.columbusohiohudhomes.com/uncategorized/did-you-know-that-there-are-3-categories-of-columbus-hud-homes#comment-9 Can you use a VA loan to buy HUD ??? I'm interested in the hud home on Shawnee drive in Pataskla Dan Can you use a VA loan to buy HUD ???

I’m interested in the hud home on Shawnee drive in Pataskla

Dan

]]>