Do not discount these financially distressed owned homes as a viable deal or great way to get into real estate ownership.

After all, banks are in the business of cash and mortgage loans, not necessarily interested in holding real estate.

Bank owned property, or bank foreclosures become an opportunity for all interested buyers or investors. Banks do not want bank foreclosures sitting on their books indefinitely, they are looking to move these properties. HUD, VA and Short Sale properties present a rare opportunity to buyers and investors alike. Before you jump into this market, have realtor represent

More of a home than you thought possible.

First, let’s distinguish between these two types of properties:

Short-Sale -- typically, a Columbus pre-foreclosure situation is where the homeowner is no longer able to afford the payments on his/her mortgage, and as such, will try to negotiate with his/her lender to accept a sale on the property for less than what is owed to the lender. Most short-sale listings have not been pre-approved by the homeowner’s lender, an important factor when considering one of these properties but an issue that your Realtor is of great assistance. The lender hasn’t yet foreclosed on the property. As a buyer interested in pursuing these types of properties, you must keep in mind: lenders will often require the property be purchased “as-is”.

REO (foreclosure) -- a term used by lenders to describe real property involuntarily acquired through foreclosure. Foreclosure occurs when a homeowner defaults on his/her mortgage and the lender holding the note, takes back the property as collateral for the note. Lenders who acquire foreclosed properties then list and market these homes to the consumer.

The pursuit of any of these types of properties listed for sale, could bring you much more of a home than you expected, for a price that is in your budget.

Columbus VA Homes For Sale

The Department of Veterans Affairs (VA) acquires properties as a result of foreclosures on VA-guaranteed andVA-financed loans. These acquired properties are marketed for sale through local Realtors and are listed among the Mulitple Listings Service (MLS) in all areas.

These Columbus VA listed homes for sale are available to all buyers;
veterans and non-veteran alike.

The Anders Team is VA experienced and thoroughly prepared to answer and develop a strategic plan for your viewing and purchasing any Columbus Area VA owned home for sale. Call Marty:

(614) 527-0811

Columbus HUD Homes For Sale

Columbus HUD homes for sale are Homes that were mortgaged with FHA loans that have been foreclosed.

When someone with a Federal Housing Administration (FHA) insured mortgage can't meet the payments, the lender forecloses on the home. FHA pays the lender what is owned and then the United States Department of Housing and Urban Development (HUD) takes ownership of the home. After several processes at HUD, the home is readied for the market.

Columbus HUD homes, like all HUD homes, are usually sold "as is." It is advisable to seek professional Realtor and inspection assistance. These homes can be a bargain in some of the most sought after neighborhoods in the Columbus homes for sale market.

The Anders Team has a HUD specialist on board who is thoroughly prepared to answer and develop a strategic plan for your viewing and purchasing of any Columbus Area HUD owned home for sale. Call Marty: (614) 527-0811

Overview

Home Foreclosures

All Areas HUD-VA-BANK

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Condo Foreclosures

All Areas HUD - VA - Bank

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Home Short Sales

All Areas

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Condo Short Sales

All Areas

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RE/MAX Achievers
3590 Fishinger Blvd. • Hilliard, OH 43026
The Anders Team • Phone: 614-527-0811