HUD

1309 Honeyhouse Lane Corvallis MT 59828

Sold-2

Just Listed 1309 Honeyhouse in Corvallis MT

 

HUD homes sold ”as-is”. Very large home on over 5 acres with 4 bedrooms and 2 full baths. There is a detached garage, a shed/chicken coop and the yard is partially fenced.

The large kitchen has an island and still room for a table or just adjacent is the sun room which has windows on three sides making an inviting dining room. A gas fireplace in the living room adds that cozy touch.
Three bedrooms and a full bath on the side split up and another full bath bedroom and family-room on the side split down.The lower basement has a laundry room, rec room, storage room and utilities.

Buyers and their agents have a responsibility to check data supplied (from CAMA) to their own satisfaction. Information deemed reliable but not guaranteed.Please see HUDhomestore.com or
MMREM.com for more information

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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825 Marshall St Missoula MT 59801

Sold-2

825 Marshall St Missoula

 

Cute bungalow in the slant street neighborhood. Two bedrooms and one bath newly updated.
The living room has lots of light and hard wood floors. Meanwhile the kitchen is a galley style with a cozy eating nook. The basement was started – in that a partial sub floor has been laid. Please use flashlights and caution when view the basement, the unfinished parts are lower than the raised flooring. The washer and dryer are in the basement.

An attached very large single garage has room for your car and a small shop or hobby area. With some imagination this home will make a wonderful starter home.

The large backyard has a huge deck and many fruit trees with alley access. All of your amenities like shopping, medical, schools, buses and recreation including bike trails are nearby.

Please  visit www.hudhomestore.com or www.mmrem.com for further information. Call your real estate professional or Sherry Fields 406-207-8448 for a showing.

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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120 Railroad St. Paradise MT

Sorry Sold!

New listing at  120 Railroad in Paradise Montana

$80,000.00 – 3 Bedrooms 1 1/2 baths, 2 fireplaces, single detached garage, full basement partially finished

“HUD homes are Sold As Is” Case #311-205648 Charming home with lots of open space and light. Large kitchen with separate dining area, full bathroom 2 bedrooms and living room make up the main floor. There is gas fireplace in the living room and another one in the master bedroom upstairs.

The basement has some finished areas, but the rest is waiting for the discerning eye to turn it into a treasure. There is a single detached garage with alley access and a small shop area as well as a shed in the back yard. Chain link fence surrounds the home.

A beautiful bright sun porch is the full width of the house in front with views of the mountains beyond. At one time I am told the flower gardens and shrubs were a delight, with a green thumb and a little work they could be again.

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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180 Blake St. Victor MT

Sorry Sold!

Another new listing at 180 Blake St in Victor Montana


This is a HUD property and is “SOLD AS IS” Case# 311-214673. Very large home with easy access to Hwy 93 in Victor. Complete remodel in 2003.

Beautiful large country style kitchen with newer appliances, range, microwave, dishwasher and refrigerator, double stainless steel sinks. Huge timber archway to dining room and another to the living room. Main level bedroom and 3/4 bath. The laundry room has a rear exit and gas hot water heater. A gas
fireplace in the living room is a corner unit and there is a rock wall with exterior chimney for a wood burning stove. Large windows provide plenty of light to all of the downstairs rooms.

An additional full bathroom is off the living room. Staircase window keeps the area well lit during the day. Upstairs there is a very large family room with the gas line installed just waiting for the right gas heater/stove/fireplace. The master suite has it’s own balcony overlooking the backyard and the Sapphire mountains in the distance. The attached bathroom will need some work. There is also a third bedroom upstairs.

The large yard has a privacy fence in the front and north side. While the rear and east side has a chain link fence. The double car garage is over-sized with a wood burning stove and work bench. There are two sheds, one for the well accoutrements and the other has a cement floor and metal roof. A chicken coup completes the additions. There are two wells one for servicing the home and the other for irrigation and the garage. Alley access completes this home.

This is one you really need to see to appreciate. Please visit www.hudhomestore.com, www.mmrem.com to review the addendum and property condition report.

 

 

 

 

 

 

 

 

 

 

 

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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How To Review Bids In The HUD Homestore

 Reviewing & Changing Bids

When an Asset Manager issues a counteroffer, that counteroffer is sent out to all previous bidders on the home. In addition, during the counteroffer period, the Asset Manager will consider any new bids made on the property, not just the counteroffers.
If your offer is counter-offered, you will be sent an automatic email from HUD Homestore. However, these emails are sent as a courtesy and should not be relied on for notification of a counteroffer, since email systems may block an email or send it to the Spam or Junk folder. The most reliable way to check for a counteroffer is to log in and manually check.

Checking for counteroffers after you log in: As a bidder, you can review all counteroffers by logging in, and, in the Review Your Bids screen, setting the Counter Offer drop-down (on the far right) to ‘Yes’ and clicking Search. This displays all bids that are counter-offered. When a bid is counter-offered, the original bid is canceled.
To place a counteroffer: Click the Confirmation Number for the bid. This displays the Bid Details screen. You will then see a Counter Offer Bid button that you can click to respond to the counteroffer. Much of the information cannot be changed on the counter offer form; so, if you need to change some of the buyer information, you can always submit a new bid rather than use the counteroffer to place your bid.

If you encounter an issue placing the counteroffer: Check to see if the home is listed on HUD Homestore. If you can’t find the home, contact the Asset Manager to see when the home will be on the site so that you can then place the counteroffer.

How can I see the status of bids for the property I made an offer on?

You can check the status of your offers by logging in to HUDHomestore.com. On the Review Your Bids page, click the Search button to view a list of your most recent offers and see their bid status.

What are the different bid statuses?

AC: Accepted – The Asset Manager has ACCEPTED your bid. Please ensure that all documentation is in order and has been sent to the Asset Manager for review. Failure to do so in a timely manner may result in your bid being canceled.
See What do I do if an offer has been accepted?
CA: Canceled – Your bid was canceled by the Asset Manager.
OBC: Other Bid under Contract – Your bid was NOT selected. The Asset Manager entered into a Sales Contract on another bid. If you elected your bid to be a backup, your bid will be saved for future consideration in case the contract gets canceled.
OBS: Other Bid Selected – This bid has NOT been selected. The Asset Manager has a preliminary contract acceptance from a different bidder for this property. If you elected your bid to be a backup, your bid will be saved for future consideration.
PR: Pending Review – Your sealed bid is Pending Review and is not currently available to the Asset Manager. You cannot modify or withdraw this bid. Bids from a previous bid-open date are still under review. The Asset Manager does not have any additional information at this time.
SB: Sealed Bid – Your bid is sealed and is not available to the Asset Manager. You can modify or withdraw the bid unless the Asset Manager has accepted a bid from an earlier bid period.
UR: Under Review – The Asset Manager is currently reviewing your bid and others from this bid-open date.
WI: Withdrawn – You withdrew your bid from consideration before the Asset Manager reviewed the bid.

 

 

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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Okay So What Is HUD?

United States Department of Housing and Urban ...

 The U.S. Department of Housing & Urban Development

Also known as HUD, the U.S. Department of Housing and Urban Development was established in 1965 to develop national policies and programs to address housing needs in the U.S. One of HUD’s primary missions is to create a suitable living environment for all Americans by developing and improving the country’s communities and enforcing fair housing laws.

English: A photo portrait of , Secretary of Ho...

Shaun L. S. Donovan (born January 24, 1966) is the United States Secretary of Housing and Urban Development, serving in the cabinet of President Barack Obama. Prior to this he headed the New York City Department of Housing Preservation and Development. On December 13, 2008, in his weekly national radio address, President-elect Barack Obama announced that he would appoint Donovan to his cabinet. He was confirmed by the U.S. Senate through unanimous consent on January 22, 2009 and sworn-in on January 26th.

How does HUD help homebuyers and homeowners?

HUD helps people by administering a variety of programs that develop and support affordable housing. Specifically, HUD plays a large role in homeownership by making loans available for lower- and moderate-income families through its FHA mortgage insurance program and its HUD Homes program. HUD owns homes in many communities throughout the U.S. and offers them for sale at attractive prices and economical terms. HUD also seeks to protect consumers through education, Fair Housing Laws, and housing rehabilitation initiatives.

What Is HUD’s Mission?

According to their website, HUD’s mission is “to create strong, sustainable, inclusive communities and quality affordable homes for all.” Their emphasis is on providing quality and affordable housing for all that is free from discrimination.

So What Does HUD Do?

HUD influences nearly all aspects of housing in the US. They are part Insurers, funders and regulators. One of their roles is to insure mortgages issued by other lending institutions. They also regulate Fair Housing, Health & Hazards. HUD provides financial assistance to communities through Grants and funds Mortgage Backed Securities through Ginnie Mae.

What Are the Major Program Offices of HUD?

1. Community Planning and Development

  1. Provide grants to communities for economic development and neighborhood revitalization
  2. Provides grants to communities for housing and rental assistance for the homeless, disabled and those with HIV/AIDS
  3. Provides grants to state governments to implement plans to increase home ownership and affordable housing for low income residents (HOME).
  4. Provides grants to assist properties with environmental contamination (BEDI).
  5. And offers tax incentives to businesses to hire workers from, areas of high poverty.

The main purpose is to watch over the Federal Housing Administration (FHA), which is responsible for insuring mortgages. The Office of Housing operates in three main sectors:

  1. Single Family Housing:
  • Insures mortgage loans for low income families and victims of disaster.
  • Insures loans for manufactured homes, property improvements and property rehabilitations.
  • Sells HUD foreclosures to eligible buyers.
  • Helps buyers avoid foreclosure through loss mitigation (mortgage modification, partial claim).
  • Assists the elderly (over 62) with reverse mortgages (allows them to turn equity in their homes into a monthly income stream or a line of credit).
  • Allows law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes located in HUD revitalized areas at great discount, usually 50% from the list price (Good Neighbor Next Door).
  • Provides counseling for buyers, sellers and tenants.
  1.  Multifamily Housing:
  • Shares the risk and insurance premium on multi-families with Fannie Mae and Freddie Mac.
  • Sells multifamily foreclosures to eligible buyers.
  • Provides grants to housing developments that provide housing for low income elderly and the disabled.
  • Grants for emergency repairs on multi-family properties with elderly tenants.
  • Insures mortgage loans for manufactured home parks, to finance cooperative housing projects and for housing and housing repairs in urban renewal designated areas.
  • Mortgage insurance for construction or rehabilitation of multi-families for moderate income families.
  • Loan insurance for healthcare facilities.
  1. Regulatory Programs:
  •  Establishes standards for manufactured home construction and safety.

3. Public and Indian Housing

  1. Provides annual funds to the Public Housing Authority’s (PHA’s) to be used for management and operations.
  2. Provides rental assistance for very low income families to choose their housing and for families who live in specific housing developments (Housing Choice (Section 8), and Project Based Voucher Programs).
  3. Helps Section 8 and low income families buy homes of their choice and public housing homes (Section 8 Voucher Assistance, and Public Housing Homeownership).
  4. Aims to transform neighborhoods of extreme poverty and eradicate severely distressed public housing (HOPE VI, Choice Neighborhood Program).
  5. Provides resources to help individuals become self-sufficient, including education, job training, and counseling (ROSS).
  6. Issues block grants and provides housing assistance to develop Indian tribal, native Alaskan and Native Hawaiians communities.

4. Fair Housing and Equal Opportunity

  • Enforces the Fair Housing Act, which prohibits discrimination in any housing related activities (buying, selling, renting, obtaining mortgages).
  • Provides funding to states to enforce their local fair housing laws.
  • States everyone has an equal opportunity to benefit from HUD programs.

5. Policy Development and Research (PD&R)

  • Analyzes current HUD policies and current housing market conditions to determine what policies are working, what areas need improvement and what the current housing needs are in the country.
  • Their research directly influences HUD’s strategic plan (including their budget and legislative proposals).

6. Government National Mortgage Association (Ginnie Mae)

  • Ginnie Mae works with issuers and investors of mortgage-backed securities (MBS).
  • Banks or other institutions pool their government insured mortgages (FHA or otherwise) and sell them as a bond to investors, usually institutions, who package them in a mutual fund. Ginnie Mae insures these bonds for a fee.
  • Even if a bank or borrower defaults on the loan, the investors would still be guaranteed their money because Ginnie Mae MBS’s are the only securities that have the “full faith and credit guarantee of the U.S. Government”.

7. Healthy Homes and Lead Hazard Control

  • Eliminates lead based paint hazards in American housing.
  • Provides grants to state and local governments to develop programs to reduce lead and other health hazards.
  • Enforces lead based paint disclosure regulations for rental or sale of homes built before 1978.

8. Office of Sustainable Communities

  • Their goal is to locate affordable housing near job centers and accessible transportation and to lower energy costs. They aim to do this by integrated community planning in transportation, energy, and land use.
  • It is broken down into the Sustainable Communities Initiative and the Energy Innovation Fund.

 

 

HUD-equal-housing-opportunity
HUD-equal-housing-opportunity (Photo credit: Apple Realty)

 

 

 

 

 

 

 

 

 

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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