HUD homes for Sale in Indianapolis

Here's what you need to know about HUD homes for sale in Indianapolis  

What is a HUD home and why are we so excited about HUD homes for sale in Indianapolis?    HUD homes for sale in Indianapolis

Paul Newman played Hud in a 1963 movie, and one of John Mellencamp's kids has the same name. But this kind of HUD has nothing to do with celebrities, and everything to do with buying your next home at an incredibly affordable price! Read more about HUD homes for sale in Indianapolis.

A HUD home is a 1-to-4 unit residential property acquired by Housing and Urban Development (HUD) as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. There are many Hud homes for sale in Indianapolis.

Who can buy HUD homes for sale in Indianapolis ? According to the terrific IN.gov site, almost anyone can buy HUD homes for sale in Indianapolis! "If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors."

And here's the upside to what has been a difficult situation for hurricane victims: If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, you may be eligible to buy HUD homes for sale in Indianapolis at a discounted price.

Will I need a home inspection if I want to buy HUD homes for sale in Indianapolis ? We strongly recommend it. HUD doesn't guarantee the condition of its properties and will not be held responsible for any repairs or defects. The promising news is that if you're interested in buying a HUD home in Indianapolis that needs repairs, you may want to apply for an FHA 203(k) Rehabilitation Loan.

HUD does not provide direct financing to buyers of HUD Homes. Buyers must obtain financing through either their own cash reserves or a mortgage lender. If you have the necessary available cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. While HUD does not provide direct financing for the purchase of a HUD Home, it may be possible for you to qualify for an FHA-insured mortgage to finance the purchase if you're interested in HUD homes for sale in Indianapolis.

More about HUD homes in our next post. There are about 120 HUD homes for sale in Indianapolis. Important! Some of these properties are available only for a few days so if you see something you like, call us asap!  Here are just two we find very interesting. Call or text the Beacon Team of Keller Williams to see any of the HUD homes for sale in Indianapolis right now!  812.361.8302. Or email us: jamie@indybeaconhomes.com

 

A Woodruff Place House at this price?

HUD homes for sale Indianapolis

HUD houses for sale indianapolis

Property Information
Address: 825 WOODRUFF PLACE INDIANAPOLIS, IN 46201
  MARION COUNTY
Appraisal Date: 08/20/2011
Bed/Bath: 5/2.50
Total Rooms: 10
Square Feet: 4578
Year: 1900
Property Design:  
Parking: Garage
HOA Fees: $0.00
   
   
 

 

 

Listing Information
List Date: 11/08/2011
Listing Period: Extended
Period Deadline: 12/31/2999 11:59:59 PM  CST
List Price: $59,942.00
As-Is Value: $90,000.00
FHA Financing: UI (Uninsured)
203K Eligible: Yes
Repair Escrow: $0.00
     
   
 

HUD homes for sale in Indianapolis

Check this out! 3 bedrooms, 1500 square feet. List price: $16,000

Property Information
Address: 3554 GARDEN AVE INDIANAPOLIS, IN 46222
  MARION COUNTY
Appraisal Date: 11/02/2011
Bed/Bath: 3/1.00
Total Rooms: 6
Square Feet: 1500
Year: 1910
Property Design:  
Parking: Garage
HOA Fees: $0.00
   
   
 
<!--<tr id="ctl00_trTimeRemaining"> <td class="CorpFormlabeltext2" valign="top" align="left" nowrap="nowrap"><b>Bid Submission Time Remaining:  </b></td> <td class="CorpContentText" valign="top" align="left"> <span id="ctl00_lblTimeRemaining"></span></td> </tr> --><!-- <td class="CorpFormlabeltext2" vAlign="top" align="left"><b>Repair Escrow:</b></td> -->
Listing Information
List Date: 11/09/2011
Listing Period: Exclusive
Period Deadline: 12/8/2011 11:59:59 PM  CST
List Price: $16,000.00
As-Is Value: $16,000.00
FHA Financing: IE (Insured Escrow)
203K Eligible: Yes
Repair Escrow: $5,500.00
    Review PCR for Repair Escrow Items
Case Number: 151-829424
Eligible Bidders: Owner Occupants, Nonprofits, and Government Agencies only
Bid Submission Deadline: 11/18/2011 11:59:59 PM  CST
Bid Submission Time Remaining: 9 Days 11 Hours 44 Minutes

 

Hud homes for sale indianapolis

More about HUD homes in our next post. There are about 120 HUD homes for sale in Indianapolis. Important! Some of these properties are available only for a few days so if you see something you like, call us asap!  Here are just two we find very interesting. Call or text the Beacon Team of Keller Williams to see any of the HUD homes for sale in Indianapolis right now!  812.361.8302. Or email us: jamie@indybeaconhomes.com

Call or text us today! (812)361-8302

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The Beacon Group of Keller Williams believes that home ownership is a positive force for social good. And there's nothing like having a home of your own.

Call or text us today. Let's go househunting!  (812) 361-8302.

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