New Dyersburg Area Hud Foreclosure

 
This new Dyersburg area Hud foreclosure was just listed by Wendell Alexander. This house is located at 266 Copeland which is off Newbern Roellen road.

There is 1126'+/- of heated and cooled area  and this was built in 1972.

This brick 3 bedroom 1 bath home is priced to sell at $35,000. Call or text Mike at 731-589-7841 to view and purchase this house.

This Dyersburg Foreclosures Blog Still Very Active

A couple of days ago a guy called me and said he has been following my Dyersburg foreclosures blog but wasn't sure if I was still active with it. Let me assure everyone reading this that I am still on top of Dyersburg area foreclosures and will continue to share them with you here.

If you are new to this site, please check out the buttons over on the right side as that is where you will find most of the foreclosures here in our area.

Yesterday I showed the Hud foreclosure(look under HUD button over on the right side) on Charles Moore Road and at $51,000 that is a good deal especially for the first time buyer.

Please feel free to contact me like the guy did a couple of days ago. I am now helping him find a foreclosure. My direct number is 731-589-7841.

Dyersburg Rental Property Hud Foreclosure

There is a new Dyersburg rental property hud foreclosure that has been listed almost 2 weeks now. It is a brick 2 bedroom 1 bath duplex located at 101 Crawford Street.

This duplex was built in 1965 and was previously purchased in 2007 for $72,575. The current tax appraisal is $69,000 which reflects that some repairs are needed. Currently the bid period is for owner occupants and if you are getting a FHA 203K loan, repair money of $1650 is available as part of the deal.

If you are an investor, you should be able to bid on this property in a few days. This is a HUD foreclosure so you can see additional information under the HUD foreclosure button over on the right side.

I am a certified HUD realtor so please call me to look and bid before this one is gone. My direct number is 731-589-7841.

Dyersburg Bank Foreclosure

Here is a new Dyersburg bank foreclosure located at 1875 Ridge Street. This 3 bedroom 1 bath brick home has a carport, central heat and air and a nice fenced in back yard.

The price of this Dyersburg foreclosure is currently $45,000. This home is located very close to the Dyersburg primary school(kids could walk down the hill and be at school) but you have to drive through part of milltown to get to this home. This is currently listed by Mr. Lankford but I would be happy to show and sell you this home. My direct number is 731-589-7841.

How To Buy Dyersburg Hud Foreclosure That Needs Work

Have you ever wondered how you would buy a Dyersburg HUD foreclosure on a long term loan if the house needs work?

There is a loan product out there called a FHA 203k loan that will allow you to escrow the money for repairs that HUD has set aside for that particular house. You would close on the sale of the house and then begin the repairs.

If you will click on the Hud foreclosures link over on the right side 4-5 properties will pop up(today is Friday August 10, 2012). Looking at the property at 665 Andrea it says that the repairs escrow is $3850. HUD will give you that repair money if you are the winning bidder and you purchase the house using a FHA 203k loan. If you pay cash or use any other mortgage loan they will not give you this repair money.

Currently no Dyersburg bank or Dyersburg lender has this mortgage loan available but we have an out of town  lender that can do this special loans.


We just closed on a HUD foreclosure on Powell Road in Roellen and have an accepted offer on a HUD foreclosure at 2010 Beasley Road in Newbern(they are doing a FHA 203k). As you can see we have lots of experience selling Hud foreclosures!

Call Mike at 731-589-7841 to look at any Dyersburg area foreclosure and let me help you to negotiate to purchase your next home.

 

2 New Dyersburg area Fannie Mae Foreclosures

There are two new Dyersburg area Fannie Mae foreclosures. They are located at 601 Nora Drive and 246 Copeland Road. The home at Nora(first picture) is a 3 bedroom 1.5 bath brick built in 1975 and accessed by the county at 88,900. The government bought this house back on the courthouse steps for $78,453 and it is currently listed for $53,000. The home at 246 Copeland Road(between Roellen and Newbern) is a 3 bedroom 2 bath brick home built in 1972. This house is accessed by the county at $93,900 and the current list price is $69,000. More information about these two Dyersburg area foreclosures

can be seen by clicking on the Fannie Mae link over on the right. To view and purchase either of these homes please contact Mike Frazier at 731-589-7841. Both of these homes can only be purchased by owner occupants for the next 15 days then investors can purchase.

Last Post About Dyersburg Fannie Mae Foreclosure And New One coming Up

In my last post I discussed a Dyersburg Fannie Mae foreclosure that was listed for $51,000. It is now under contract. There were 3 different bidders with the one at $53,000 the winning bid. I wrote the next highest offer which was a little over the list price. I noticed that there is a new Dyersburg area Fannie Mae foreclosure coming up on 601 Nora Drive. As soon as I have the price I will bring it to you here.