Foreclosures can provide buyers an economical way to own a home. In my series Foreclosure Fridays, I have written some background information on buying a HUD home or other types of foreclosed properties.
This week there are approximately 35 HUD foreclosures in the city of Jackson. You can see a complete list of HUD Homes by reviewing my Foreclosure Friday reports. The best way to stay current on these homes is to subscribe to my blog, Pat Starnes Snippets.
By comparison, there are only 11 HUD foreclosures in Rankin County, four of which are in Brandon, one in Florence, and six in Pearl.
In Madison County, Mississippi, which includes the cities of Madison, Ridgeland, and Canton, there are two HUD Homes currently for sale, one in Ridgeland and one in Canton.
Statewide, there are approximately 110 HUD foreclosures currently available. It's only natural that the metropolitan area of Jackson has the largest number of listings.
Buying a foreclosure requires being pre-approved for a mortgage based on income and creditworthiness. As discussed in recent posts, foreclosures are sold "as is - where is" without any warranties or guarantees.
Written and Published by Pat Starnes REALTOR
Pat specializes in Residential and New Home Sales
Primary Service Area:
Brandon, Pearl, Ridgeland, Flowood and the Ross Barnett Reservoir area
Pat Starnes, Broker Associate
Front Gate Real Estate, 6700 Old Canton Rd., Suite C
Ridgeland, MS 39157
601-278-4513 - Cell
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