Winning with Foreclosures

FORECLOSUREHANDOUT

Why buy a bank-owned foreclosure (REO) or a

pre-foreclosure (short sale) now?

1) Prices are low.

If you buy a foreclosed bank-owned property or a short

sale, research shows you can save 10–40% over the price

of similar properties in a normal sale.

Your expert agent can give you specifi cs about your local

situation.

2) Mortgage costs are low.

Rates remain near historic lows, keeping the cost to buy down for now.

Special all-in-one loan programs are now available that combine home

loan with a rehab loan.

 

The 203(k) Opportunity

FHA-Backed Home Purchase and Renovation Program

• ” e purchase price and documented repair/rehab

costs are bundled in one loan.

• ” ere is one set of closing costs.

• Up to 3.5% down may be gifted.

• Qualifi cation standards are eased.

• ” e loan limit range is $271K–$730K.

• ” ere is an energy effi ciency add-on possibility

 

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About Buying Kalamazoo
Matt Mulder is an award-winning real estate professional in South West Michigan as well as leader and CEO of the #1 Real Estate Team in the area. The Matt Mulder Home Selling Team consistently helps over 300 families a year with their real estate needs, and would love to help you buy and sell as well! Matt launched his career in 2006 at the age of 23 being one of the youngest professionals in the area, after graduating from Western Michigan University with a degree in Business Management. Through hard work, persistence and devotion to great client care, Matt has grown to be in the top 1% of real estate professionals in the world. His determination to treat each client with the same care and respect, no matter what, has catapulted him to the top of his game. Using tried and true methods, as well as a proven systematic approach, Matt and his team are committed to making sure each and every person is 100% satisfied with their buying or selling experience.

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