Columbus HUD Homes

It seems that some Columbus HUD Homes keep coming back on the market a number of times. We call them BOOMERANG HOMES. Officially these Columbus Houses are “re-listed”, because they fell out of contract. We don’t know why contracts are cancelled, but the two major reasons are failing a property inspection and problems with financing for the buyer.

The condition of a property can certainly deteriorate after the offer was made. Remember the heavy wind earlier this week? A Columbus house we have in contract suffered significant roof damage during the storm. So we asked HUD to increase their repair escrow and cover the additional expenses. The request was granted, which shows that HUD is pretty motivated and wants to get contracts closed.

Here are 4 Boomerang Homes we previously featured on this blog. 

4 Unit Brick Building on 2903 E 9th Ave., Columbus, OH
price reducted, now listed at 60% of appraised value – relist: 3rd time

 
Golf Course Home in Hilliard, 3262 Andrew James Drive, Hilliard, OH
price reduced 10%, now asking 75% of comparable sales, relist: 2nd time

 
Split-level home on East Side, 5640 Oakmont Drive, Columbus, OH
same price, great value, relist: 2nd time

 
Freestanding condo, 3889 SHANNON GREEN DR, Canal Winchester, OH
all appliances, relist: 2nd time

Re-listed Columbus HUD Homes are available for owner occupants only for the first 5 days, then bidding opens up to all investors.  Call or email to make an offer! 

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

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