There's a big difference in being pre-approved and pre-qualified so make sure your lender explains the difference to you. I agree with Steve that you should go ahead and get your bid submitted asap. Once you have it under contract, you will have 45 days to get your loan approved. I know you are excited about getting this home, but HUD properties can be intense and you'll need a good working relationship with your lender because they will be asking you for a lot of information to complete their files. Also know that sometimes the earnest money you put down is non-refundable so make sure you understand that up front. Your agent will be your guide so ask him/her as many questions as you need to to be comfortable with the transaction.Happy Buying!!
I just checked our MLS and there were 14 homes that sold in the last 6 months with a log exterior. If your bank is not willing to do your loan, I would check with the agents who represented the buyers on these homes to get the names and numbers of the lenders they used.
"Make me an offer" is just that. It sounds like this is a very motivated seller who wants out of his current house to move into the one he's found to purchase. Translation - You will probably get a good deal on this home.
According to our multiple listing service this morning, the rents range from $850 to $1895 for a 3 bedroom 2 bath home with the size of these homes ranging from 1000 square feet to 3600 square feet. Hope that helps.