Add to Favorites!                                   For latest information on HUD or Bank Owned read my BLOG BUY CHEAP HOME - FORECLOSED - HUD Your source for locating your cheap home and buyer agent referral! Cheap Home ...  sometimes... Most will agree that HUD and Bank-owned (called REO by the  industry, meaning Real Estate Owned) can be a great investment, for real estate investors and just about everyone else.  You must know something's about these "distressed" or "bargain" properties. This is one of theses times where what you don't know CAN hurt you! First get your financing in order... To make this buying plan work, you have to have the right type of loan.  This loan is called a HUD 203K loan.  This loan will give you the money to buy the HUD or REO bank owned property and get you the funds to make repairs.  99% of the homes that fall into this HUD or REO category will need repair.  Our advise is to get pre approved for a loan before you make any offers.  We have a web page that gives more information on loan types and our sponsors want your business.  We suggest that you check out a couple of them to get an idea of the current rates ,current 203K  requirements and check your eligibility to get a loan.     LOAN Next find prospective homes... That part can be done in conjunction with getting a loan, or just because you want to see what is out there in the marketplace.  We have assembled what we believe to be the best place to do your searching on line.  We currently serve these states: Florida Indiana Illinois Ohio Virginia Wisconsin  Get a Referral... Buying a HUD or an bank owned property is not a task for rookies.  You need and agent that done this before.  There are time commitment's and deadlines that must be met, access issues, and difficulties with HUD or the bank that must be handled.    We recommend that you work with an Agent that has done this type transaction several times.  We recommend that you use a  BUYERS AGENT, not the listing agent.  You want an agent that only represents you in this transaction.  If your neighbor sued you would you hire his lawyer?  Of course not. You would get your own lawyer.  This is a lot like that... Fill out referral form below: Find your home here! Florida Indiana Illinois Ohio Virginia Wisconsin For latest information on HUD or Bank Owned Referral Form:  All information will be held in strict confidence: Please provide the following contact information: First Name Last Name Middle Initial Street Address Address (cont.) City State/Province Zip/Postal Code Country Work Phone E-mail URL I want to buy a home in this location  (must be completed to at least City-State area for referral) Street Address (if known) City State/Province Zip Code MLS # if known I want to buy a home HUD Bank-owned Short-Sale I request that you help me find a Real Estate Pro. YES no By submitting this form you agree that it is ok to make limited calls to you to provide requested assistance.