Southwest Michigan Realtor

By Michael Delaware, REALTOR®

Buying a HUD House in Battle Creek, Michigan

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Buying a HUD house in Battle Creek, Michigan is something a lot of investors and first time homes buyers in the area are most interested in find out more information on. So I thought I would write a few things about the subject of buying a HUD house in Battle Creek, Michigan.

Buying a HUD house in Battle Creek, Michigan can be a great option for a first time homebuyer.

Depending on what area of town you are seeking to buy a home in, you may have the additional problem of the City of Battle Creek ‘Vacant and Abandoned Property Ordinance’ enforcement. According to this local ordinance, when a property is deemed to be ‘abandoned’ for a specific period of time, the occupancy status can be removed by the city.

This can pose an additional problem for an investor or first time home buyer when buying a HUD house or any other type of foreclosure in Battle Creek, Michigan. Beyond that local issue, buying a HUD house in Battle Creek, Michigan or anywhere requires that you follow a specific procedure in order to be successful in buying one.

The first thing that is required in buying a HUD house is that work with a Realtor that is a registered HUD bidder. The only way you can place an offer on a HUD house is through a registered Realtor. What will be required in order to bid is proof of how you intend to purchase.

This proof can be a letter from a lender stating you are pre-qualified for a loan, or a letter

Buying a HUD house in Battle Creek,Michigan often provides one with a home that is pre-inspected and appraised for an FHA loan.

or account statement from a financial institution showing you have the funds to support your offer if you are making a cash offer.

Additionally, you will be required to have an earnest deposit in the form of a certified check payable to HUD. The amount of the earnest deposit will be $500 for any home purchase at or below $49,999, and $1000 for homes purchased at $50,000 or above. Buying a HUD house in Battle Creek, Michigan is a benefit to a first time home buyer in many ways, as there is often inspection information available on the home, reports which are not usually available on other types of foreclosures.

Further, if you are approved for an FHA loan, then buying a HUD house in Battle Creek, Michigan can be a great benefit as often FHA appraisals are already provided for the home.

If you are interested in buying a HUD house in Battle Creek, Michigan or would like to see what is available, give me a call at: 269-441-8182 or contact me through my website at: www.JustCallMichael.com.

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