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If you are considering buying a Kalamazoo foreclosed home,
read every word on this page.
You'll be glad you did.
Question: I'm thinking of buying a home in Kalamazoo MI, but I know nothing about foreclosed homes. Are they a good deal?
Answer: Yes. Kalamazoo foreclosed homes make up approximately 45% of ALL of the sales in Kalamazoo this year. We are looking right square in the eye of what could be the best home buying opportunity this area has EVER seen. We help first time homebuyers find great deals and we help investors find and buy Kalamazoo foreclosures. The media is constantly telling us how BAD things are but for some that spells OPPORTUNITY.
Question: How do I know the house is not going to fall apart after I buy it?
Answer: We will help you arrange a professional home inspection and a pest inspection. You should always have professional inspections whenever you buy real estate and Kalamazoo foreclosed homes are no different.
Question: OK, but what about the back taxes. If it's foreclosed then the taxes probably weren't paid up to date either. If I buy a foreclosed home how do I know they won't come after ME for the back taxes?
Answer: We will show you where the bank (or corporation that owns the property) is paying the taxes in full up to date of closing. It's a good question but it's easy for us to verify that the back taxes are paid in full before your closing.
Question: I hear that these banks sell Kalamazoo foreclosed homes for pennies on the dollar. Is that true?
Answer: Hardly ever. It is true that bank owned foreclosures in Kalamazoo are priced to sell quickly. And it is true that you can literally save thousands of dollars on the purchase of a home. But not pennies on the dollar. On the other hand, you WILL find Kalamazoo foreclosed homes for sale for $35,000 in neighborhoods of $75,000 homes. You WILL find Kalamazoo foreclosures for sale at $75,000 in neighborhoods of $135,000 homes. And you will find $200,000 foreclosures in $300,000 neighborhoods.
 Question: Why do the banks sell the foreclosures so cheaply?
Answer: These banks and mortgage companies are not in business to own or sell homes. They don't want to own real estate, they want to own just the mortgages. When a mortgage they own isn't paid they get the house. The house represents a loss to them and the faster they sell it the better. The banks lose a LOT of money when a property is foreclosed but they continue to lose money while the house is on their books. While they don't sell off the foreclosed homes for pennies on the dollar, they sell them fast and cheap and move onto the next one.
What about Kalamazoo HUD Homes? HUD is a department of the federal government. the Department of Housing and Urban Development.
When FHA mortages are foreclosed and the homes are resold, they are called HUD Homes.
Is a HUD home a Foreclosed Home?
Yes, but different. Instead of a bank owning it, it's a division of the government that owns it. Bank owned homes come in all price ranges. HUD homes in general are inexpensive homes. A common price range is under $75,000. They are seldom priced over $125,000.
HUD homes are EASY to finance. They are ideal for owner occupants, especially first time homebuyers, although many investors buy them too.
 Question: Do I have to pay cash for a foreclosed home?
Answer: No. Regular mortgage financing is available. Your financing for a Kalamazoo foreclosed home will be no different than if you were buying any other Kalamazoo homes for sale. We work with a number of Kalamazoo area mortgage lenders and will be happy to reccomend to you those lenders in whom we have confindence and trust. We will help you become pre-approved if you haven't already.
BUT WITH HUD HOMES.....there is a big advantage.
Unlike bank owned homes, HUD wants you
to finance your home with an FHA Loan.
But it gets even better!
HUD will give you $2,500 if you buy a HUD home and finance it with an FHA loan.
We work with Kalamazoo area lenders who are very experienced in FHA and HUD home transactions. The best rates and the best service.
We'll help you get the loan you want.
Now available, for a limited time...
$100 down financing
Question: $100 down? Seriously?
Answer: Yes. $100 down. Seriously.
But it gets better....
If you are a K-12th grade teacher, a law enforcement officer or a full-time firefighter/EMT, you get a discount on the purchase price of a HUD home!
A 50% discount!
Of course there is some fine print in the HUD paperwork about all of this,
but it's for real....a 50% discount on the purchase price!
Not a teacher, police officer or firefighter? Too bad, neither are we.
But imagine the good news you can spread to the teachers, cops and firefighter/EMTs if you know any!
BUT.....HUD does give you $2,500 to use for repairs or closing costs or whatever you like.
Buy a HUD house, get a check!
Question: OK, let's say I'm interested. What do I do next?
Answer: That is the big question! Because FINDING the RED HOT DEALS on Kalamazoo foreclosures isn't easy. Getting the information on the best houses FIRST isn't easy. Anyone who is actively hunting for hot deals on Kalamazoo foreclosures will tell you about how many they have missed because somebody knew about the house before they did.
If you complete the form below we will send to you a FREE list of Kalamazoo foreclosed homes that match your criteria.
It's simple really.
We just want to know how much you want to spend, where you want to live and what type of house you want.
QUESTION: I'm skeptical. I'm interested, but skeptical.
What's in this for you?
ANSWER: First we want you to know what we won't do. We won't bug you. We won't sell, rent or distribute your email address or any information you provide. We provide this service to help you get a great house for a great price. We are REALTORS. The sellers (the banks) pay us when we sell their properties. You, as a home buyer pay us no commissions or fees. We are real estate professionals who specialize in foreclosed residential properties and assisting buyers. We've made it our business to be in tune with the best deals and the best methods of finding these houses. We've positioned ourselves to be aware of the best Kalamazoo foreclosures and Kalamazoo HUD homes and pass them on to our buyers before other REALTORS or the public even know they exist.
QUESTION: Do Kalamazoo area foreclosures qualify for the up to $8,000 tax credit?
ANSWER: Yes. The same rules apply. It's not different because it's a forelcosure
So that's what we do. No surprises, nothing fancy, no hassles. We are helping Kalamazoo area homebuyers get the best house for the money. We are walking the buyers that contact us through the home buying process answering questions and being of assistance to make the transaction go smoothly.
Foreclosed homes are a great deal and a tremendous opportunity. With interest rates at historically low levels we are firmly convinced that anyone who CAN buy a home SHOULD buy a home.
So complete the form below to get started. It's OK if you won't be ready to buy for a while and of course it's OK if you are ready NOW.
Here is a summary of the process
and what you can expect:
- You enter your information below. Make sure your information is entered correctly. Use the COMMENTS box. We always read the comments.
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You will receive an e-mail with a link to information about homes that match what you want
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Please let us know that you received the message and provide some feedback. Let us know if you want to change your area, your price range, the size of homes, etc
- As new listings and price changes come on the market, you will receive an update email message that shows the new home listing or the price change
- When there is a home that interests you, we suggest you drive by it right away. Check out the exterior. Check out the neighborhoood
Then, if you like what you see be sure to contact us for a showing ( Remember, foreclosed homes & HUD homes can sell quickly )
Please read.....
Yes, please give me the advantage of receiving updates about Kalamazoo Foreclosed Home listings.
I understand that there is no cost to receive these updates.
I am not working with or under contract to another real estate agent or broker.
There is no obligation, no pressure. Never a hassle
This service is for home buyers and investors only. No agents or brokers please.
This service is not a member of the Federal Dept. of Housing and Urban Development or any other government agency. If your home is currently under contract with another brokerage, or if you as a buyer are under contract with another brokerage, this is not an attempt to solicit your listing.
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