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Old 10-21-2013, 11:57 AM   #1
bnoon
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Join Date: Jul 2012
Location: Des Moines IA
Posts: 1,250
Repossessed HUD home renovation

I had a looooooooong drawn out closing due to title issues with a repossessed house that I am now renovating. It took us 3 months to get a closing date, but I'm proud to say that we are closed as of the 8th of October and well on our way!

BTW, purchased for $122,000, renovation bid at $32,000 for $154,000 total price. Comps in the area over the last 6 months have sold from $170,000-$210,000 with our projected being towards the higher end of that.

Here are some pictures of where we have come from as purchased.
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