I recently closed on a house with a buyer shopping for an affordable home. During our shopping experience we stumbled upon this property on 39th Street in South Ogden.
The home was a HUD property and listed at $87,200. It had previously sold for $128,000 in September of 2008. We placed an offer at $85,000 with $2,550 in seller concessions. Our offer was accepted.
Then began the long winding bureaucratic road to close the transaction. I will elaborate on my client's bewildering experience in a later post. Let it suffice for now that HUD homes are not the wonderful thing they are touted to be.
Anyway, congratulations to my client's for bearing through the tediousness of it all and coming out in the end with a bargain property that meets their needs.
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