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HeatherinVA

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I have a copy of a county tax ticket on a HUD owned home that I am interested in purchasing. It say

I have a copy of a county tax ticket on a HUD owned home that I am interested in purchasing.  It says there is a sale date of Dec 19 2012 for $124169.  Is this the price HUD paid from BOA?  Why are they selling for $55k less?  How does a repair escrow work on HUD owned homes?  Does HUD set the money aside for the future buyers or is it an additional escrow account the buyer is responsible for?

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Is the tax assessed value a good indicator of value on a Fannie Mae owned home needing improvements?

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Was actually called the other day by agent and told that they had just found out the home had the electrical wires and plumbing removed from under home, and that the inspector found it the other day, do not think the home is appropriately priced for the amount of work it needs and this new information makes we wonder if a listing price drop is in order and was told that this Fannie Mae owned property did not qualify for Homepath or any other type of Gov't financing

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