Two years ago, Daryl Sanford bought his three-bedroom house in the Syracuse, N.Y., area for $40,000. Now it’s valued at $72,000.
Jason Denny and Megan Amatrone got a discount of about 25% off the market value when they bought their homes.
And Jim Meyers bought his upstate New York property in 2003 for just $15,000. Now it’s estimated worth is around $107,000.
How did these homeowners score such great deals? They bought their homes through the Department of Housing and Urban Development, or HUD. Essentially, they bought foreclosed homes from Uncle Sam.
When they are foreclosed on, these bank-owned properties are taken over by the government, which assigns them to HUD to market and resell.
Source: finance / yahoo.com
This is unbelievable price! But Now-a-days it is so hard to buy property.Price is increase day by day because of the position world finance.But we always try to limit the price of our property.
ReplyDeleteChiang mai properties