It could be $10,000.00 + costs.
The current owner will be able to save his credit rating if he takes you up on your offer.
That way you both come out ahead.
HUD Foreclosures: Real Estate Bargains Waiting To Get Picked Up
HUD properties are foreclosed real estate with FHA mortgages. They are easy to pick up if you can get a mortgage for one or have the cash to pay for it.
Websites, operated by the government are good places to find cheap, HUD homes. They are free to use and can be a wealth of information. They also provide information on how to purchase these properties. HUD homes can be made available to investors and speculators or owner's willing to occupy the property.
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