Northern Colorado's Premier (Only?) Source for Larimer and Weld County HUDs! Get the scoop on the $100 Down FHA incentive properties, commonly called the "HUD 100s". To place a bid on any of these HUD homes or to simply inquire about buying as either a primary residence or an investment, please call 970-988-5634 or email cripsta@gmail.com. Thanks for reading! Suggestions are always welcome and feel free to ask us any questions about real estate (REO or otherwise!)
Sunday, May 17, 2009
Crip’s HUD Report 5-15-2009: Beware! The Blog Edition
Greetings HUD Fans! Excitement is always brewing around our humble HUD headquarters. Two weeks ago we began posting the video walkthroughs on YouTube, and this week is the launch of The Blog. I sincerely appreciate all the referrals everyone has passed along over the years, and my hope is the Blog will help spread the good word even further. Let's get this thing started, eh?
(Clicking on the little pics below will take you to each property's detail page and condition report.)
8410 Copeland Ct, Fort Collins: $55,000. 3 bed, 2 bath, 1244 sq ft, 1984. Two weeks ago we had 8516 Audubon, a rather nice example of a trailer in Mountain Range Shadows. This week, we get 8410 Copeland, a sad, smelly homage to animal cruelty. Not to say this one isn't without its merits, but it has several drawbacks: Plumbing is shot, furnace is too, there's some mold in the north bedroom (surprise) and the data plate is missing (people must covet them, like hood ornaments off a Cadillac). Bonus: there's a nasty shed that seems to have been used only as a dog cage. A Molotov cocktail is about the only remedy for it. On the plus side, this joint is a double-wide, it does have a decent tiled sun room, a relatively big lot with a mostly fenced yard, a new roof, and it is FHA financeable so this does qualify for the $100 down incentive. And if you'd rather spend another $10k but missed out on Audubon, I believe it may be coming back on the market soon. Copeland is assessed for $104,500. Check out the video walkthrough HERE.
3559 Polk Circle E, Wellington: $159,000. 3 bed, 2 bath, 1330 sq ft over 1330 unfinished, 2000. As I mumbled on the video, I had initially declared Mount Adams as the deal of the week. But after going into Polk, I quickly withdrew that observation. This Viewpoint ranch has everything most first-time home buyers are looking for: bigger bedrooms, a huge master bedroom with a nice walk-in closet, a quasi-updated master bath (which has been modified with a walk-in shower and grout-less tile throughout), wood floors in the kitchen, a 2 car attached garage, a decent-sized lot with some nice landscaping, a fully fenced backyard with a two-tier Trex deck and an unfinished basement. And other than the lack of appliances and the grout-less bathroom this one is move-in ready. HUD has flagged the furnace as needing repair (as well as the grout) so there is a small repair escrow of $770 on this one. Honestly, if you have been looking in Fort Collins for houses like this under $200k, you should probably just suck it up and check this place out because it's likely just what you're looking for. The house next door is listed for $199k (and it is very similar in layout condition and size); the larger 2-Story across the street is listed for $209,500. Ours is assessed for $200,100. Can you say value? Check out the video walkthrough HERE.
The Lone Price Reduction
2990 W C St #5, Greeley: $51,200. 3 bed, 2 bath, 1078 sq ft, 2004. I can't believe this place is still around. Other than the fairly steep HOA (especially compared with its price), there is absolutely nothing wrong with this little modular house. The green carpet maybe? Erica writes: "Definitely nice, clean, and very unoriginal. This house sits in a neighborhood of a bunch of cookie cutter houses numbered 1-28 (or something like that). That being said, everything is in mint condition. The bedrooms may be on the smaller side and there are no real upgrades, but the quality of this house makes it worth the price. Also included is a sprinkler system! HOA = $138/month." Assessed at $114,060. I'll say that again: assessed at $114,060. Priced at $51,200. Move-in condition.
That's going to do it once again. As always, if you have any questions on these or any other properties, or specifically about the HUD process, please drop me a line. And if you simply cannot wait for The Report to come out on the weekends and want to be absolutely sure you get all the HUDs immediately (or any other types of foreclosures) please let me know and we can set you up on an auto mailing as soon as they are available. I also have pictures of all the properties if you don't see what you're looking for. I look forward to hearing from you if you are looking to buy OR sell! And if you know anyone that would benefit from our service and would like to receive notice when the HUD Report is updated, please contact me.
Crip Erickson Broker Associate Realty Executives 208 S College Avenue Fort Collins, Colorado 970.988.5634 970-221-3627 fax
Call me if you want to buy or sell, or if you just have real estate questions! 970-988-5634 or email cripsta@gmail.com! Active CO Broker License FA100000714. Thanks for reading!
8410 Copeland Ct, Fort Collins: $55,000. 3 bed, 2 bath, 1244 sq ft, 1984. Two weeks ago we had 8516 Audubon, a rather nice example of a trailer in Mountain Range Shadows. This week, we get 8410 Copeland, a sad, smelly homage to animal cruelty. Not to say this one isn't without its merits, but it has several drawbacks: Plumbing is shot, furnace is too, there's some mold in the north bedroom (surprise) and the data plate is missing (people must covet them, like hood ornaments off a Cadillac). Bonus: there's a nasty shed that seems to have been used only as a dog cage. A Molotov cocktail is about the only remedy for it. On the plus side, this joint is a double-wide, it does have a decent tiled sun room, a relatively big lot with a mostly fenced yard, a new roof, and it is FHA financeable so this does qualify for the $100 down incentive. And if you'd rather spend another $10k but missed out on Audubon, I believe it may be coming back on the market soon. Copeland is assessed for $104,500. Check out the video walkthrough HERE.
1606 31st Ave, Greeley: $98,000. 3 bed, 2 bath, 816 sq ft over 816 finished, 1972. Listed as a 2 bed, 1 bath. Erica writes: "Located in a cul-de-sac, but does have some busy street noise. The basement has been finished, with a built in 50's (?) style bar surrounded by a dark leather cushioned piece, and a large living/media room complete with a fireplace. It also houses what I would call the master bedroom that has a walk-in closet and 3/4 bath (that I think has been tiled, though it was dark). The upstairs has another family type room and a kitchen that is in great shape, yet is missing all appliances. There are also two regular-to-small-sized bedrooms upstairs. The backyard is very large and backs up to a church parking lot! All in all a solid buy for $98,000." Assessed for $146,394.
RELIST: 7150 Mount Adams, Wellington: $149,500. 3 bed, 2 bath, 1226 over 1226 unfinished, 2003. This fairly immaculate ranch over basement has a killer kitchen w/island and is only missing the fridge. The back yard isn't fenced and backs to open space. There is also a 2 car attached garage, a nice master bath, and decent paint throughout. This one is entirely FHA insured – no escrow repair – and is in total move-in condition. Fell for financing reasons; the house itself is move-in ready. Assessed for $184,000. Check out the video walkthrough HERE.
3559 Polk Circle E, Wellington: $159,000. 3 bed, 2 bath, 1330 sq ft over 1330 unfinished, 2000. As I mumbled on the video, I had initially declared Mount Adams as the deal of the week. But after going into Polk, I quickly withdrew that observation. This Viewpoint ranch has everything most first-time home buyers are looking for: bigger bedrooms, a huge master bedroom with a nice walk-in closet, a quasi-updated master bath (which has been modified with a walk-in shower and grout-less tile throughout), wood floors in the kitchen, a 2 car attached garage, a decent-sized lot with some nice landscaping, a fully fenced backyard with a two-tier Trex deck and an unfinished basement. And other than the lack of appliances and the grout-less bathroom this one is move-in ready. HUD has flagged the furnace as needing repair (as well as the grout) so there is a small repair escrow of $770 on this one. Honestly, if you have been looking in Fort Collins for houses like this under $200k, you should probably just suck it up and check this place out because it's likely just what you're looking for. The house next door is listed for $199k (and it is very similar in layout condition and size); the larger 2-Story across the street is listed for $209,500. Ours is assessed for $200,100. Can you say value? Check out the video walkthrough HERE.
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